Challenge starting balance: $7,353.93
Plus:
- weekly EF savings $35.69
- football winnings $46.00
- my FINAL credit card repayment to balance transfer card $110.25
Challenge closing balance: $7,545.87
That day finally came where my final payment to the balance transfer left the bank account! I imagine I will see a zero balance on that card either tomorrow or the day after.
Only $54 left on my normal transactional card to pay by the end of the month, will do this easily. (In a week or so, must get used to using the balance transfer card as a transactional card to accumulate points.)
I'm so glad to be off of that debt cycle where I was getting charged around $58-$62 in interest on a debt I couldn't afford to pay. I'm so glad I just had this moment where I had had enough and wanted things changed asap, and got the balance transfer card and got off the cycle of simply paying interest on things which had long been used up. I appreciate credit cards now because you can have funds available at your disposal no questions asked, but do not ever want to get complacent with paying interest again. I want to be much more careful with it now.
Feeling like I'm in a better place than a year ago, that's for sure. Next month onto saving for a new car! (that I hope to not have to buy for a long time!)
***
I paid the third round of my football wins over to the holiday fund; now owing only $98. Also paid back $124 against the study unit. Study is going well but I'm finding myself a bit time poor and when I get tired, I'm worn out. Luckily this only happens every few days. I'm into week 4 and not doing too badly.
***
On Saturday my car door broke, this time my driver door. This is an ongoing problem; has happened between 5-10 times in the time of car ownership and each time it happens I cannot lock the car until it's fixed. The last time it happened was April last year.
The cost of a new lock was $200 plus some beer as a thank you gift to my father-in-law for fixing it $31. Better than $400 at the mechanic which is the going rate. This is the last time my father-in-law will do it though, as he is getting too old. Next time it will be either B or the mechanic.
Because funds are a little tight I used the additional money I was going to repay on the mortgage to pay for the door lock. Didn't want to draw out from the EF again, once this month was enough ($160 for the sewer blockage).
I really want to get the mortgage down to $115,000 by the end of the year and it looks like all other things going ok, we should be able to.
Balance Transfer Card Repaid!; Broken Door Lock
September 19th, 2016 at 11:40 am
September 19th, 2016 at 01:11 pm 1474290719
September 19th, 2016 at 02:54 pm 1474296863
September 19th, 2016 at 03:18 pm 1474298286
September 19th, 2016 at 09:52 pm 1474321976
September 20th, 2016 at 02:23 am 1474338219
September 20th, 2016 at 09:14 am 1474362899
Ceejay all my other debts are repaid but the mortgage but hubby has a $3k credit card debt we're now focusing on, a car loan and motorbike loan - all scheduled to be completely repaid within 2 years.