On the cusp of a minor milestone...
my current debt level is approx 11300 - with 4 yrs left to pay.
Well last Friday, I got approval from a Bank for a loan of 9300 over 18 months. This will enable me to achieve my goal of being debt-free by the end of 2010.
I've closed a savings account to provide the 2000 difference. So, when I get the original loan paid back in the coming weeks, my debt level will be at 9300 !!
I also still have 2000 put aside as a mini - emergency fund.
I'll start building the EF up to 15000 when I get the 9300 paid back...
Real progress is being made !! :-)
Debt below 10k !!
April 7th, 2009 at 12:51 pm
April 7th, 2009 at 01:01 pm 1239109286
April 7th, 2009 at 02:12 pm 1239113536
April 7th, 2009 at 02:27 pm 1239114473
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April 7th, 2009 at 09:11 pm 1239138689
April 7th, 2009 at 11:41 pm 1239147684
whitestripe - yeah, it was kinda tempting to contribute the EF to debt repayment so my balance would be 7300 - but then if anything happened, I'd have no alternative to expensive CCs ...
April 8th, 2009 at 01:43 am 1239155029
April 8th, 2009 at 02:00 am 1239156041