Net worth update: April 2017

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Our net worth increased this month by £2,044 or 5.7%. This is a good increase for us. On average over the past year we have been increasing our net worth at a rate of only 2.5% so I am pleased with the increase, but also know there is still room for significant improvement.

The main driver for the increase was a boost to our savings accounts as we try and focus on building an emergency fund before tackling our short-term debts.  I cashed out £342 of matched betting profits in April and the stock and shares ISA also performed well.  I  opened up a savings account at our bank which has a 12-month bonus interest rate of 3%. I plan to put £400 per month in there over the 12 months.

The short- and long-term debt payments are the standard amounts, i.e. without any over payments.

 

 

2 thoughts on “Net worth update: April 2017

  1. Nice increase in net worth and great work with the matched betting. I had no idea MB existed when I was paying down my debts, although in hindsight, the way I was spending money back then, I’m sure I would have just squandered the profits instead of putting it to good use!

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