Hey everyone, I hope you are doing well. Today I will be sharing with you my net worth for March. As you can see in the title March was a positive month for me, my first of 2018. A big reason for the increase in March was because I received my tax refund and put it towards my debt. Hopefully by the end of this year I will become debt free and that should have a big impact on my net worth.
All numbers below are as of March 31, 2018.
|Cash & Savings||$3,927.48||$4,322.29||-$394.81|
Cash & Savings (-$394.81)
My cash is down slightly last month and the reason for this is I withdrew a large amount from my car account and made an extra payment in an attempt to pay off my loan quicker. My emergency fund saw a nice increase, over time I would like to increase this number back to $10,000.
|Locked in RRSP||$3,978.03||$3,818.94||$159.09|
March saw me eek out a small gain in my investments. As you all know, I am a dividend investor and March saw me receive a record amount of dividends $519. Without that I would have had a down month.
I currently own a 2015 Hyundai Elantra GLS, I check the value every three months. I will update this figure in my April update.
March was an excellent month for my liabilities I was able to reduce what I owed in every category above or eliminated it altogether. On my car I made two regular payments and an extra payment of $1,700. Thanks to the tax refund I received I was able to completely repay the loan to my family loan.
Total Net Worth
I love seeing that net worth grow and hopefully now it will start growing month over month.
Well that wraps up my March net worth report. As you saw a big reason for the growth this month was due to debt repayment. It felt great paying off all that money and I don’t have any plans on taking on more debt anytime soon.
I hope you all had a great month of March and saw your net worth growth.
Thanks for reading