March was a great month for my net worth! It increased 9.96%.
I have to be honest. The majority of that increase was due to some very generous family members who like to share their wealth among the 20-somethings in our family. I am so thankful for their support. That money goes straight into savings, of course, and ideally, will be saved and allowed to grow and benefit others (is it too soon to start a tiny college fund for my hypothetical children?).
But even without that generosity, my net worth still would have increased this month. This month, it was mostly due to investments. My cash accounts increased very minimally, but my investments seem to be on a bit of an upward trend. I can’t say whether or not this will continue, but it’s nice to see a bit of a bump.
It’s especially nice to see in my Roth IRA. I started my automatic contributions this month, putting in $500 a month for the next 10 months, and my Roth is currently worth about $900 more than it was at the end of February, meaning that it’s gone up about $400. Oh, it’s still worth significantly less than it would be if I had just shoved all of that money into a savings account… or into a box under my bed… but it makes me feel much better about the decision to start automatic investments. Sure, it might start to tank again next month, but for now, I’m going to enjoy this little upward bump.
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