Another month in 2014 is coming to an end. I’ve got to say, I’m super excited about my financial progress so far this year:
In one month I’ve managed to grow my net worth by $4,800. Wow! Granted, a big chunk of that was due to my tax refund. But even without the refund, I doubled my growth from last month. Things are rolling right along this year! February being a short month, my mortgage payment hasn’t processed yet, which is why there is no change there. My employer’s monthly contribution hasn’t posted to my 401k either.
My goal for 2014 is to grow my net worth by $10,000. I ended 2013 with a net worth of $1,216. Which means I’ve managed to grow my net worth by $5,927. In just two months I’m already 59% towards my goal!
As I pointed out last month, I expect this year to be a bumpy ride. I’ll be spending down a chunk of my liquid assets as I prepare the house to go on the market. There are a lot of unknowns when it comes to the house. I’m doing my best to prepare for a quick and easy sell. I’m hoping for the best, but preparing for a big fall in my net worth. But the amount of growth I’m seeing is giving me hope that I can still recover and make my goal.
– Cindy W.