Thursday, November 02, 2006

Debtwatch 1

As promised here is my first update on the continuing saga of my financial redemption. I'd like to restate my deeply held belief that it is by God's grace and empowerment that I am making progress... not my own financial acumen (which is woefully poor).

I'm going to hold a few bits of information back, as strictly speaking they relate to next month. As it stands though the first amount of interest has been added, and the first repayment has been made. I see this month as an acid test, because I still have an outstanding insurance payment to make on my car, a visit to the dentist and a haircut to take into account... so it is likely to be the month with the most expenditure.

Things to take into account during November are likely to include my birthday (hooray!), a work bonus and of course the looming shadow of Santa Claus's sack as we approach Christmas.

So without further ado:

Balance Prior to first repayment: £3,137.91
Current balance on loan: £2,827.91
Current finances in reserve: £200.00

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