Awarded Bursary

My school notified me today that I will be awarded a bursary valued at $3,000. So far, the total value of the bursaries I received is about $9000 and I did not spend a single cent of it. The bursary presentation ceremony will be held next month and they will be presenting me a cheque. There will be a huge jump in my net worth in October due to this bursary. Estimated net worth by year end should be at least $40,000.

I will also be applying for another bursary valued at $2900. However, I have to declare that I am in receipt of this $3k bursary and my application will be considered on a case by case basis. Therefore, I will have to apply with an appeal letter to unveil my family's dire financial situation. In the best case scenario, my net worth will hit $50k by mid of 2012.