Monday, 27 May 2013

The journey continues

Its been awhile since my last update.
Since we started this financial fast the stats look like this

Credit card: Was - $3,659.84          Now -  $0.00         = Paid off  $3,659.84
Personal loan: Was - $36,927.63     Now -  $33,000     = Paid off  $3,927.63

Total paid off in 3 months $7,587.47

Thats not a bad effort really considering we have had a few big spends crop up (rego/insurance/car repair/fines/etc).

Ive just worked out that if we keep going with what we are doing then we will be debt free in about 19 months.
I was really hoping that we would get almost completely debt free by the 12mth mark, but that wont happen. We will be a whole lot closer to debt free than we are now, so that is something.

We have relaxed the rules a bit since the credit card got paid off. Some meals have been bought, some movies have been seen.
Maybe if we had a proper fast for 2 months then relaxed a bit for the 3rd we would do better money wise? Its bloody hard work to keep your head in the game the entire time.

Something to ponder.