Yep, the inevitable happened – I 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 🙂
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.