Well, its official: tax refund season is the BEST time of the year! OK just kidding, but it is pretty fun when the government gives you back a huge chunk of money. I know, I know, its like giving an interest free loan to the government and all that jazz, but it still feels pretty great to have that little boost once a year.
As you may have guessed, I received my state and federal tax refunds this month and they’ve put me in pretty good standing relative to my net worth goal for the year. This is how the numbers stack up:
As you can see, I have actually surpassed my overall net worth goal! I’m super pumped about this, although I recognize that a big piece of this was due to payout from retirement accounts linked to my former employer, so wasn’t really the result of any hard work on my part. Even so, I am feeling really encouraged by all of the progress I’ve made and I’m inspired to keep saving at this aggressive rate.
Here is where I stand relative to the original goal I set for myself way back in July of 2015:
- Overall net worth: Increase by 46% Currently up 56% since July 2015
- Cash savings: Decrease by 11% Currently down 13% since July 2015
- Non-retirement investments: Increase by 271% Currently up 211% since July 2015
- Retirement investments: Increase by 22% Currently up 50% since July 2015
I am tantalizingly close to reaching my goal in the non-retirement investment category, which was the biggest stretch. I’m going to aim to achieve my 271% increase by the end of June. Fingers crossed that I make it!
PS: If these increases seem kinda crazy, keep in mind that my balances were low to start, especially in the non-retirement investment category. Increasing not-a-lot-of-money by a large percent isn’t that hard!
How’s spring shaping up for you?