diff --git a/Makefile b/Makefile
index 3327a8d..89ace2b 100644
--- a/Makefile
+++ b/Makefile
@@ -2,7 +2,7 @@
 
 # Variables
 APP_NAME := "versionbump"
-VERSION := "v0.2.0"
+VERSION := "v0.3.0"
 GO_FILES := $(shell find . -name '*.go' | grep -v /vendor/)
 PKG := ./...
 INTEGRATION_TEST_DIR := ./test/integration
diff --git a/README.md b/README.md
index 314507d..792e8a1 100644
--- a/README.md
+++ b/README.md
@@ -2,7 +2,7 @@
 
 ![VersionBump Gopher](assets//versionbump_gopher-250.png)
 
-**Latest Version:** v0.2.0 ([Download Binary](https://github.com/ptgoetz/go-versionbump/releases/tag/v0.2.0))
+**Latest Version:** v0.3.0 ([Download Binary](https://github.com/ptgoetz/go-versionbump/releases/tag/v0.3.0))
 
 VersionBump is a powerful command-line tool designed to streamline the process of version management in your projects. 
 By automating version bumping, VersionBump ensures that your project’s version numbers are always up-to-date across all 
@@ -64,7 +64,7 @@ go install github.com/ptgoetz/go-versionbump/cmd/versionbump
 ```
 
 If you don't have Go installed and just want the binary executable, you can download a prebuilt binaries from  
-[here](https://github.com/ptgoetz/go-versionbump/releases/tag/v0.2.0).
+[here](https://github.com/ptgoetz/go-versionbump/releases/tag/v0.3.0).
 
 ## Usage
 Run VersionBump without any arguments to see the available flags and commands:
diff --git a/internal/version/version.go b/internal/version/version.go
index 7d707e9..c6492cc 100644
--- a/internal/version/version.go
+++ b/internal/version/version.go
@@ -6,7 +6,7 @@ import (
 	"strings"
 )
 
-const VersionBumpVersion = "VersionBump v0.2.0"
+const VersionBumpVersion = "VersionBump v0.3.0"
 
 const (
 	VersionMajor = iota
diff --git a/versionbump.yaml b/versionbump.yaml
index bb29774..6a08439 100644
--- a/versionbump.yaml
+++ b/versionbump.yaml
@@ -1,4 +1,4 @@
-version: "0.2.0"         # The current version of the project.
+version: "0.3.0"         # The current version of the project.
 git-commit: true         # Whether to create a git commit for the version bump.
 git-tag: true            # Whether to create a git tag for the version bump.
 git-sign: true          # Whether to sign the git tag.