It's been a while, so here's an update:
Code:
Assets
$ 10,231 Cash savings
$ 141,000 RRSPs (Canadian 401(k)'s)
$ 1,900 TFSAs (Canadian Roth IRAs)
$ 14,500 Emergency fund (Target: $12,500)
$ 5,500 Car replacement fund
$ 4,500 Travel fund
$ 500,000 Home value
$ 80,000 Land banking investment
Liabilities
$ 261,000 Mortgage
$ 0 Line of credit
$ 0 Credit card debt
$ 0 Student loan debt
$ 0 Car loan(s)
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$ 496,631 NET WORTH
We're a little behind schedule, because we've repurposed some of the extra mortgage payments toward general expenses. I won't get into it here, but overall, I believe they were worthwhile expenditures, and I'm comfortable with where we are in the overall plan for paying off the mortgage early.
