Number Crunching April 2008

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.