The Ugly Truth
- Personal Loan - $24187
- Credit Card 1 - $7125
- Credit Card 2 - $7293
- Credit Card 3 - $6318
- Credit Card 4 - $12033
- Credit Card 5 - (paid in full)
- Credit Card 6 - $3998
- Credit Card 7 - $882
- Emergency Fund - $0
- Savings - $0
Total = $61,836
Debt reduced from last month = -$5969
Debt reduced from Sep 2007 = -$5064
I’m really feeling two steps forward, three steps back at the moment.
December and January were incredibly costly with the moving costs topping out at over $5000 once I factored in bond/rent (I essentially paid 12 weeks rent in January and the rent on my old place); plus the car repairs at $730 destroying my fledgling emergency fund and debt snowball for January. Credit card #4 was also a bit of a shock to be honest, I didn't think I'd used it as much as I obviously have. Ouch
I haven’t got my bond back as yet from my old place, which doesn’t help my numbers of course, I’m expecting it in the next two weeks which will make a decent impact for next month.
February has been decreed ‘Frugal February’ for me, I’m determined to get my numbers down as much as possible. I really want to get Card #7 cleared, the interest rate is 18.75%. I wasn’t able to get its entire balance transferred over to Card #1 as they can only transfer up to 95%.
Roll on payday.