Debt with Credit too!

Well I have been crunching the numbers and here are the results.

I have used £1k of my Flexiloan which has put me in debt again but I still have my Emergency Fund of the same amount. Should I use the Emergency Fund to clear my debt? Or should I just pay off the Flexiloan quickly and be done with it. I am currently working on the latter - I like the idea of keeping my Emergency Fund for .....well, emergencies.

Budget for the month is as follow:

Monthly expenses     £250

Saving                      £300

Dentist                      £45

Sundry                    £108

Spending___________£60

Total                        £763

Of cause this is the idea but as we all know - this is a dream. I know I have spending money since coming back from China. Mostly for necessities but one or three items, not even close. I will end the month in debt anyway, as I have my 2nd Tax payment due on the 31st July and I don't have the funds to cover it. Guess it will not be until September that I will get back my credit balance. Looking forward to that!

July Update

 Shanghai at night.

I'm back from China and now need to reevaluate my finances as I am in overdraft on my current account and I am using credit from my Flexiloan account. So I am back in debt - it's a very manageable amount my it really goes against my plans from last year. At the end of the month I am also due to pay my second tax return payment and as I haven't put monies aside this time I will have to use my Flexiloan to tired me over until I can clear it. So I need to sit down and do some calculations and work out a short term budget to clear all the debt. 

 
















             
I have my TEFL certificate (yes I am very happy) and I have been shopping (the Chinese love to shop) so really I should be able to live very frugally for the next few months without the need to spend money. Time to work on my next major goal and find some new reading material.