June Net Worth Update
In the middle of the Black Lives Matter protests and the Coronavirus pandemic it feels silly to be posting a net worth update.
But since I committed to posting these updates, I’m going to tell you about my June anyway. They keep me accountable and I hope they inspire you to track your net worth and find new ways to make it grow.
As of today, June 15, 2020, my net worth is -$12,402. In the past month it’s grown by $1,975, which is the biggest increase I’ve had yet in 2020.
I attribute the growth to the following factors:
Less quarantine impulse shopping. I’ve accepted I’ll be wearing leggings for the next year. C’est la vie.
Meal planning. My fiancee and I are following the vegetarian Budget Bytes meal plan, which has been a game changer. Our weekly grocery spending has gone down by $50. On “bad” weeks I could also spend $125 on delivery (i know, i know). Suffice to say, I’m saving money.
Side hustle income. I was paid for three freelance invoices in June, so I made approximately $1,000 in additional income. All of that went towards my student loans.
Takeaways: Get your budget right and look for a side hustle (even if it's just reselling your old clothing on Poshmark). By increasing your income and decreasing your expenses, your net worth can go up, too!
Until next time!
Scarlett