Our net worth increased this month by £2,044 or 5.7%. This is a good increase for us. On average over the past year we have been increasing our net worth at a rate of only 2.5% so I am pleased with the increase, but also know there is still room for significant improvement.
The main driver for the increase was a boost to our savings accounts as we try and focus on building an emergency fund before tackling our short-term debts. I cashed out £342 of matched betting profits in April and the stock and shares ISA also performed well. I opened up a savings account at our bank which has a 12-month bonus interest rate of 3%. I plan to put £400 per month in there over the 12 months.
The short- and long-term debt payments are the standard amounts, i.e. without any over payments.