The Ugly Truth - Day 367

The Ugly Truth

Debts

• Personal Loan: -$20,750
• Credit Card 1: -$6,287
• Credit Card 2: -$8,382
• Credit Card 3: -$5,297
• Credit Card 4: -$10,988
• Credit Card 5: (paid in full)
• Credit Card 6: (paid in full)
• Credit Card 7: (paid in full)

Savings

• Emergency Fund: +$2,012
• Car Fund (Maintenance & Registration): +$1
• Short Term Goal Fund: +$1,006 (Current goal is new bedroom furniture)
• Home Deposit Fund ($60,000 Goal): +$1,000
• UK Tour Fund ($10,000 Goal): +$500

Total: -$51,704
Debt reduced from last month: +$1,318
Debt reduced from Sep 2007: +$5,068

Not a bad month all up, a smidge over $1300 of my debt reduced. Had a few expenses here and there, I did find myself spending a lot more freely than I have over the last few months though, lunches and dinners out, bought a couple of trashy novels and things like that, which showed in my lack of Goal & Travel fund increases. I need to tighten back up on this.

The limit increase has come through on Credit Card 4, so I’ll arrange to have the balance of Credit Card 3 transferred over to it as soon as they can. I’d like to see if I can get Card 1 & 2 combined somehow too, to reduce the total number of cards I still have and the number of monthly bills I’m actually paying.

Goals for September:

• Get Personal loan under $20,000
• Get total credit card debt under $30,000

This means I’ll hit the major milestone of my debt being under $50,000, which will be a great feeling!

This also marks the end of my first year of my blog & debt reduction plan, which I’ll post about separately.

Roll on payday.

Subscribe in a reader or Subscribe via email