Thursday, 1 May 2008

The Ugly Truth – Day 244

The Ugly Truth

  • Personal Loan: -$23,200
  • Credit Card 1: -$7,242
  • Credit Card 2: -$8,895 (what the!)
  • Credit Card 3: -$5,999
  • Credit Card 4: -$11,242
  • Credit Card 5: (paid in full)
  • Credit Card 6: -$3,923
  • Credit Card 7: (paid in full)
  • Emergency Fund: +$1,200
  • Car Fund (Maintenance & Registration): +$500

Total: -$58,801
Debt reduced from last month: +405
Debt reduced from Sep 2007: -$2,029

April was another up and down month. A couple of unexpected major expenses that I put on a card blew out my otherwise good progress.

It turns out the moving company hadn't charged me, so that was $450 I wasn't expecting, and then my ancient vacuum cleaner blew up the week before my rental inspection, so I decided to invest in a decent one that will last me a while and was on special for $449. I just couldn't bear to use my emergency fund now I’d got it back to over $1000, and even added $200 to it this month.


I'm under $59,000 at least which I'm happy about, so still some downwards activity overall.

I've got rego, pink slip and green slip to pay this month, so it’s going to be a stretch but I think I’ll be OK.

Roll on payday.

Subscribe in a reader or Subscribe via email


  1. The ugly truth is your titled blog. Debt is an ugly word and even uglier if you are the debtor. Its a slow process getting out of debt but you are getting there. Good luck

  2. Keep plugging away at it! I like your positive attitude. :)

  3. Good blog, thoughtful actions and great thing that you are well aware and keep yourself calculated about how deep your in debt. All these are very positive things and will bring you out of debt very soon.

    Best of luck,,,and keep it up.

    Thanks for sharing your efforts and positive attitude :D)

  4. Here's my post about adding a favicon to your blog which helps in blog branding , commented in an older post so it want get in the way of conversation. Adding a favicon in blogger