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Monthly Archives: September 2012

What a month it’s been! ¬†I’ve had to dig into my emergency fund due due to a leak in the bathroom, which ended up dripping down into my living room ūüė¶ ¬†I’ve had an ill relative so I’ve been looking after him and also spending so that he is as comfortable at home as possible. ¬†I cannot wait until the end of the month – wow! ¬†So here’s my stats for September, and I’m proud to say that I’ve now passed the double-figures and I’m on single-figures with the amount that I owe – drumroll….

Last month’s balance = ¬£10,745.70
This month’s balance = ¬£9,841.20

Breakdown:-

Р£857.34 chucked at the kitchen loan @ 8% interest. £3,577.07 last month reduced to £2,745.71
Р£73.14 minimum chucked at 0% CC.  £7,168.63 last month reduced to £7,095.49

Man, this has been HARD this month, however I’m glad that I managed to chuck ¬£930.48 for this month, considering my minimum payments come up to ¬£189.00!
With a bit of luck I should be getting ‘extra’ money next month, for October, and so I’m going to be intense, intense, intense!
It’s so hard when your friends go out to dinner, and you have to look at your YNAB budgeting tool and think ‘no, I cannot afford it’. ¬†It’s true – I cannot afford it. ¬†However I’m working on improving that situation. ¬†The more I transfer ANY extra cash into my debt, the better it will be, and the sooner I will be out of debt. ¬†That’s the way I see it – and I’m glad I’m keeping focused, albeit it being very difficult these days.
We so need a revolution people – peace!
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Yep, the inevitable happened РI had a financial emergency.  

It was all going well, the emergency fund was growing while my debt was decreasing – and them BAM! ¬†I had a mini leak in my bathroom which trickled down into my living room ceiling. ¬†It happened last week Wednesday. ¬†This isn’t the first time I’ve had an issue with the bath, however it is the first time that I decided to sort it out once and for all – instead of doing ‘quick fixes’.

So, I’ve had to dip into the emergency fund. ¬†Thank goodness I ‘had’ an emergency fund – albeit it being small – it did the job! ¬†This happened less than a week after I got paid and transferred my ‘funds’ to debt-monkey so I’m still on schedule, people ūüôā

Wow, what a difference a few months makes.  
In April, along with all of my debts together my minimum was £485.00.  
Today it stands at £185.00.  
However, the extra amount I pay, without fail, comes up to ¬£800.00. ¬†We’re talking an additional ¬£610.00 per month on top of my official minimum amount.

As far as I’m concerned, this ‘is’ my minimum which will enable me to be debt-free in 13 months time. ¬†If I’m lucky enough to chuck any more than the ¬£800 then that’s an even bigger bonus as far as I’m concerned. At the moment there is no extra money coming. ¬†I’m expecting at least ¬£360.00 to come my way within the next few weeks, however I’m not counting on it – it’s not worth it as it’ll save me from the disappointment if I don’t get it.

Due to the ‘extra’ spending with the wedding I had to attend, plus the emergency leak I haven’t got any extra cash flow, so this month is going to be the tightest ever! ¬†I’m living on peanuts – literally! ¬†

Damn, it’s so tempting to just kick into that overdraft which I have, but the smart side of me is saying ‘no girlfriend – you’ll be debt-free this time next year so just keep on motoring’. ¬†

That’s giving me my inspiration – it’s hard, however it wasn’t meant to be a bed of roses. ¬†Getting out of debt is truly difficult, and I’m determined to win this battle by any means possible.

peace…