Tuesday, February 06, 2007

Debtwatch 4

I can't believe that I have just passed a quarter of the way towards the original timescale for paying off my debts... and yet I am over halfway towards paying them off.

I only managed to hold onto £100 from my last payday, which was disappointing. I'm hoping I can keep my belt tight and breathe in this month and keep at least £200 back. I have £200 in savings and I will have made my usual target of £300 next month. As I said last month though, my intention is to put down £500-£600 down as it will seriously bring me a lot closer to home.

All the same it is encouraging to know that by the beginning of March I will be down to a three figure sum (heck if I really wanted to go crazy I could fast for a month and put all my wages in to cross the finish line... that is how close I am).

It is very exciting to think that come May I could be building for my future.

God has been very good to me indeed.

Balance left on debt: £1480.79
Cash in short term savings reserves: £200
Cash left in current account that I hope to spare for debt repayment £200.00
Estimated balance for next Debtwatch report: £700
Original Finish Date for completion of Payments - October 2007
New Estimated Completion of Payments - MAYDAY!

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