Thursday, 3 July 2014

Ahhhhhhhhh........ computers!!!!!

Wow I can't believe it I have finally got back onto my dashboard page. This is truly a miracle. For the last few months I have only been able to read the blog but not add any. Perhaps that is a good thing. May be not, either way I am very happy to be back online again. And with so much to add, most of which isn't really so good. But at least I can update everything and sort out my finances (again!).

As of my last post I have debt to pay off in the form of two different loans. One was taken out with my current account bank and currently totals £3,683.34 and has twelve payments left to pay of £307.18. The second is from my Flexiloan account I still hold with my old bank. This is an open ended credit facility of £5,000 of which I currently owe £4,097.89, payments on this are monthly at £260.00 while there is a balance on the account. So my total debt as of today is £7,781.23.

On top of this I now have, what I am calling my mortgage account, into which I am making monthly payment of £760.00 which then has to be transferred into my home account in dollars. The final amount for this payment can fluctuate a little depending on the value of the pound.

My major goal for the year is to clear the debt a.s.a.p. and I will be stacking all my tax payments into the Flexiloan account to lower the interest I get charged month on month. This will be around £500.00 a month.

Monthly Budget:
                                                       Spending                    160.00
                                                       Expenses                    250.00
                                                       Tax                             502.00
                                                       Bank Loan                 308.00
                                                       Flexiloan                    260.00
                                                       Mortgage                   760.00

                                                       Total                      £2,240.00           

I am back on the cash only spending system I used to use when I was trying to get debt free the first time. And if I have done it once I can do it again!

This year has been full of changers - I have had to move house and have changed jobs twice so far this year which hasn't been great fun. My current job is okay but I am still getting use to my change of address and find my way in my new surroundings. It is all very "posh" but I am finding it hard to settle in. I am further away from all my friends and haven't found anything of interest to do in my time off. Lets face it, as lovely as Hyde Park is there is only so many times a week you can walk around it before you start to want to go down Oxford Street which is a big no, no, if you want to not spend any money.