March Net Worth Update (+$14,753.11)

March was the craziest month we have had in quite awhile. Our net worth increased an amazing $14,753.11 from last month, to a total of $88,056.45 (click on spreadsheet below). This is a new record monthly increase for us.

What Worked

My wife’s company laid off the entire sales force this month, but within two days, she secured her 1st interview and ended up getting a great new job that she starts mid April (more details to follow in another post). We had a major influx of cash this month including her $733.52 of cashed out vacation, a $4,111 tax refund ($3,730 fed & $381 state), and a check for two weeks of severance for my wife should be coming in any day. We also sold 20 shares of BofA stock for small $48 gain. We contributed a total of $1,883.01 to our retirement accounts (401k’s and Roth IRA’s) and saw them increase $4,947.42!

What Didn’t Work

We purchased a great used 4×4 for $12,250 cash. This purchase absorbed most of our savings and our influx of cash from this month. I’ll be using the 4×4 as a daily driver until my wife gets her new company car in a couple of months. After that, the 4×4 will be a fun toy for us to enjoy on the weekends. Now we have to get our savings built back up.

Next Month

We have a little catching up to do in April. Purchasing the 4×4 threw off our cash flow, so we’ll need most of April to recover.