Accountability May 13
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|Mon, 05-13-2013 - 8:23am|
One of the spendiest weekends I've had in a long time!!! My sister graduated so the family went up to Ottawa to visit her. Holy hannah did it cost a lot. In total with hotel, gas, food, dog walking, tickets to the ceremony spent close to $500. Yikes! I owe $250 on my CC now that will be paid off this week (I have an expense cheque coming in from work that will cover it). So all in all I surived with minimal damage. Though I only have about $10 for the rest of the week, lol (good thing I have enough food and will be busy so I can't go out). I'm also going to try and not eat out for the rest of the month if I can avoid it. Its too expensive and my money goes SO MUCH further when I eat at home!!!
So now I focus on getting through May (which I knew would be expensive) and wait till I get to June (which I think at some point I may max out on my CPP and EI ... I have to check that).
Oh, and I am trying a new system for my sinking funds. Instead of keeping them sitting gaining no interest, I am applying them to my LOC. If I need to use them, I pull them off the LOC. I'm going to give it a month or two to see what happens!
So, here is where I stand:
Car Loan as of 05/06/2013: $5,837.86
Car Loan as of 05/13/2013: $5,704.93
Student Loan as of 05/06/2013: $18,218.25
Student Loan as of 05/13/2013: $18,235.85
HELOC as of 05/06/2013: $10,125.10
HELOC as of 05/13/2013: $9,265.14
Difference: $ 859.96
Total Sinking funds owing: $619.09
Total debt as of Jan 6, 2013: $38,592.31
Total debt as of May 6, 2013: $34,181.21
Total debt as of May 13, 2013: $33,205.92
Difference from last week: $975.29
Difference from start of year: $5,386.39
Now in reality is isn't that much because at any given time I will need to pull from the sinking funds that are just sitting there. However, if I am saving money on interest then its worth the extra hassle of keeping on spreadsheet (and if it helps me save more because I don't want to use the sinking funds, well that is an added bonus!!!)