Number Crunching February 2008
29 February 2008
by
Jb
Filed under
Number Crunching
Here are the monthly numbers for February.
Total Debt: $23958.10 (+ 1062.97 from last month)
Debt Paid off This Month: Not applicable since I went back over my original debt amount.
Total savings this month: $200 (not including interest)
Emergency Fund total: $ 1,906.57 (including the savings interest!)
As you can see, I went up in my debt again, which I am not pleased about, however I did manage to pay off some from last month, approximately $3000, which is pretty good. I also managed to get myself a good balance transfer deal with another bank, so for a whole year I’ll not be charged any interest at all on about 1/3 of the debt, which I think is another win for me. So I’ll be plugging along, making my payments and lowering the debt bit by bit. I haven’t yet started my next round of eBay selling, which I’m hoping to do in March. That should net me some extra cash that will help out. Last year I earned around $600 or so, so I’m looking forward to some more of the same.
I know some of you must be wondering why I’m not completely stopping all my spending and just concentrating on my debt repayment. Well, it’s because I believe in living life, within reason. I have tried doing the “I’m not spending on anything” plan, and I found it doesn’t work for me. I know it’s a sacrifice, and it’s my issue that I can’t deal with it, but I believe that life shouldn’t be completely difficult and unenjoyable. So I reduce my spending by not going out all the time, by telling friends that I’ll pass on going out for dinner with them, but that I’ll meet them for coffee afterwards. These are methods that work better for me, and I’m able to slowly but surely make headway on my debt. I was doing just that until I had to move, so once I get back down to the waterline of debt (probably in the next two months), I’ll be back to making good progress.