Week 7 – Spend and Debt Update

Another interstate trip this weekend for a good friend’s Hens Night 🙂 As I write this update I am extremely fuzzy headed and hungover from waaaaaaay to many cocktails last night. My liver is taking an absolute beating in April with all these events!

Here are my stats for the week – Im quite excited to say that next pay date I will be able to smash the balance on Credit Card 1 – HECK YESSSSSSSSSSS!!!!

Total Income 

  •  $1595.00

Spending / Expenses:

(Amounts in italics are included in my regular monthly expense budget as listed in this previous post)

  • Monday: $0.00
  • Tuesday: $47.50 drinks
  •  Wednesday: $4.50 coffee, $3.70  lunch
  • Thursday: $460.00 debt repayment to credit card 1
  • Friday:  $4.30 coffee, $19.00 gift, $140 board
  • Saturday: $10 breakfast at airport, $10.80 lunch, $2 travel, $17.00 airport shuttle, $50.00 ‘Hen’s night’ payment.
  • Sunday: $33.00 cab to airport, $11.20 breakfast, $10.90 lunch

Total Expenses / spend: $823.90

Week 7  Summary

Income $1595 +  $9.37 = 1604.37 – expenses $823.90 = $780.47

Week 7  debt status

Credit card #1 – $299.00

Credit card #2 – $4615.45

Personal loan – $7309.87

Total Debt : $12, 224.32

Initial Debt: $14, 744.12

Debt reduced by week 7:  $ 2519.68

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4 thoughts on “Week 7 – Spend and Debt Update

  1. I am so excited for you paying off credit card #1on your next pay date! Do you plan to use any of the money you had previously dedicated to pay card #1 to pay more on your others? What are you going to do to reward yourself to celebrate this success? 🙂

    • I’m very excited to pay off that first card! My next pay is 1st May – so bring on that date! Yes, I will use the money I put towards credit card 1 to credit card 2 – which is a bigger balance and will take longer to pay down. Not sure how I will reward myself yet! Maybe buy a new pair of jeans 🙂

  2. Wow, that will feel so good to kick that first debt to the curb! Knocking out $2500 in 7 weeks is a great accomplishment! Do you ever check out Mr Money Moustache’s blog? He might have some harsh advice on the coffees out 🙂

    • It will feel great! One less debt hanging around my neck 🙂 no, I haven’t seen Mr Money Moustache’s blog but I will check it out! Harsh advice on the coffees may just be what I need… 🙂 Thanks for stopping by!

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