Whoa, all that work and living of life has sure made me late on my monthly number crunching! Without further ado, here are the even-more-red-than-normal numbers for April:
Total Debt: $27,845.78
Debt Paid off This Month: Not applicable since I went back over my original debt amount, again…
Total savings this month: $200 (not including interest)
Emergency Fund total: $ 2,211 (approximately, and not including interest)
RRSP Savings: $400 this month, up to $800 for the year now.
You’ll note that, yet again, I’ve increased my debt rather than decreasing it, but remember the new car? Yeah, that’s where things went “wrong”. However, I am actually managing to pay off a more significant portion of my debt because of the balance transfer deals I’ve got right now. The one on the new MasterCard is the most significant one as it’s at 0% until January 2009. So each payment I make there goes towards the principal. Also, I have been making a concerted effort to pay off Visa #1 as the transfer deal I have on that one expires in July. I want to make sure to pay off as much as I possibly can before I have to transfer it back to my line of credit.
One thing I will be exploring this month is speaking to my MasterCard issuer about transferring some of my other debt over to it. Because they gave me a crazy limit, and the balance I transferred over wasn’t anywhere near that limit, I thought I’d see if they’d give me a less-than-5% deal on any other balances I transfer over. That would mean that a good 1/3 would be at 0%, a good 1/3 would be at approximately 3%, and the rest at approximately 8%. So it’s definitely something worth exploring.
How are you all doing with your debt repayment? Are you doing better than me? Heck, everyone else must be doing better than me right now. 
The good thing is that you are able to are actually managing to pay off a more significant portion of my debt because of the balance transfer deals. Good News