The Ugly Truth
- Personal Loan: -$23,560
- Credit Card 1: -$7,421
- Credit Card 2: -$7,842
- Credit Card 3: -$6,311
- Credit Card 4: -$11,310
- Credit Card 5: (paid in full)
- Credit Card 6: -$4,068
- Credit Card 7: (paid in full)
- Emergency Fund: +$1,006
- Car Fund (Maintenance & Registration): +$300
Debt reduced from last month: +$798
Debt reduced from Sep 2007: -$2,434
March was a bit of an up and down month. No big cheques to speed things along unfortunately, but downward progress is still being made. At least I'm now back under $60,000 which I'm really happy about.
Now to get my debts back under my starting debt figure of $56,772. I expect to have it back to that amount no later than June 2008.
I've got my Emergency Fund back up to $1,000 after using it for car repairs earlier this year, which is great news. I'm going to continue building it to $2,000 as I feel more comfortable with that amount set aside.
I've even got another $300 set aside for registration and my pink slip that are coming up in May.
I've increased my pre-tax personal superannuation (retirement) contributions to 3% and increased the ongoing monthly payment on my loan to $700, as it’s now the highest interest debt I have, and the interest rate increased yet again last week, unbelievable!
Roll on payday.