Week 8 – Expense and Debt update

A HUGE month of travel in April has finally drawn to a close. Travelling interstate for the last 3 weeks has meant my budget has taken a hit. I’m looking forward to refocusing in May – I still do have a few more ‘extras’ to pay for in the next few paydates. But that’s life, and this is what this blog is about, my personal journey with debt – sometimes winning, sometimes not. I’m fairly exhausted after 3 big weeks and not in the best mood – I’m looking forward to paying off my first credit card in 3 days. I think that will be the lift I need.

 

Week 8 stats are:

 

Total Income 

  •  $0.00

Spending / Expenses:

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

  • Monday: $100.00 travel, $4.30 coffee
  • Tuesday: $0.00
  •  Wednesday: $4.60 coffee, $178.00 loan repayment, $29.00 loan insurance
  • Thursday: $6.50, $11.80 coffee (me and mum), $15.00 drinks and game of 2Up
  • Friday:  $4.60 coffee, $5.00 snacks, $89.95  dress for wedding (on credit card 2), $30.00 accessories for wedding (on credit card 2), $2.00 sushi, $4.00 hairspray, $16.00 cocktail
  • Saturday: $4.80 coffee, $1.70 gum, $2.95 cookie, $10.00 lunch, $20.00 cab, $100.00 wedding gift, $70.00 accommodation, $30.00 cab, $33.30 drinks
  • Sunday: $3.30 coffee, $4.95 magazine, $20 phone credit, $35.00 cab,$3.80 chips

 

Total Expenses / spend: $840.55

 

Week 8  Summary

Income $0 + bank balance $780.47  = $780.47  – expenses $720.60  (remember some expenses went on credit)  = $59.87  in bank account

 

Week 8 debt status

Credit card #1 – $299.00 (Goal to pay off in total by 2nd May 2013)

Credit card #2 – $4735.40 (Goal to pay off in total by 8th August 2013)

Personal loan – $7,229.72 (Goal to pay off in total by 31st October 2013)

Total Debt : $12,264.12

Initial Debt: $14, 744.12

Debt reduced by week 8:  $ 2480.00

 

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One thought on “Week 8 – Expense and Debt update

  1. […] start including money saved and that kind of thing — one blogger I follow, Elisha of The Debt Breakup does a better weekly summary than I that includes that information, such as bills paid, too. Since […]

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