Week 60 – Update on debt and savings

Hey folks!

I’ve been posting a lot less these days, and there are a couple of reasons for this:

1) I’m working on a new blog! I’m  looking forward to sharing the new blog with the readers of the Debt Breakup. My new blog won’t be anonymous 😉 so I guess you can find out a bit more about me!

2) I’m close to the end of my journey to debt freedom and thing are just rolling along – ie, not a lot of exciting updates to report. I’ve reached my ‘savings ceiling’ in that I have tweaked my budget time and time again – there isn’t much more I can squeeze out of it to pay towards debt or to save. But I’m very pleased with settling into a budgetary rhythm!

A cool thing I did do recently though was sell my stuff at a trash and treasure market 🙂 I’ve recently become a minimalist – something I cover off on my new blog – and letting go of many of my possessions has been the first step on my minimalist journey. I made $205.00 profit from the stall – which I was very pleased with considering most items were priced at $2 – $5!

So, my 60th week of debt repayments. 60 weeks. 

For pretty much the entire last 60 weeks I have made financial decisions based on minimising my debt as a priority. I’ve said no to things, I’ve worn the same wardrobe, I’ve mostly made purchases of needs, not wants. I’ve cut and reduced costs in every part of my life I could. Time and time again I have put debt repayment before my whims, wants and generally fun stuff.

With the light at the end of the tunnel getting brighter and brighter, I can honestly say it has all been worth it so far.

My update for Week 60:

Debt

Credit card 1 – $0.00

Credit card 2 – $0.00

Personal loan: $ 2,542.95  (previous update $3,142.15)

Savings

$650.00 (increased by $200.00)

Buffer funds

$50.00

Starting debt: $14,774.12 

Debt paid to date: $12,231.17

Have a great weekend everyone! My next update will be under $2000!!

Unit then…

Elesha

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2 thoughts on “Week 60 – Update on debt and savings

  1. morgaine80 says:

    Wow, you’re so close to the finish line, well done! Looking forward to your new blog and your next adventures 🙂

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