TheLostGlobe

[thumb:72:l] Weigh in this morning was 8.0 Kilos, thats a 0.8 kilo gain in one month, not bad. At this rate it will take another 2-3 months to reach the 10 Kilo goal, my dilema is that it is only half full now so there will still be a way to go when I reach the target weight, keep going or cash out and actually earn interest on it in the bank?

In other money matters I had my car in for a service last week and it ended up costing my close to $600 and that had to come out of my savings, so I made a call and put the remainder of my savings towards my car loan and decided to no longer contribute to savings until my debt is payed off. This should only take a couple of months and what it will do is minimise interest and fees payed and although it won’t make a difference to how much I can save it will mean when I start again I will have more money earning interest for a longer period of time. I’m still not sure what to do about my camera though, I’m not paying interest on it and I never will but I am paying about $3 in fees each month, there is about 10 months left to pay it off in.

I think this little exercise will show you every litlle bit helps, I expect in the end there will be over $100 in the money tin and I have also earned almost $100 through a survey site called Emailcash and I will cash out of there when I reach $130. I think I started both of these little things at about the same time which granted was about 3 years ago on average it works out that I have contributed less than $1 a day combined closer to 30c I think (someone with better maths than me could figure it out). So lets call it $250 not much over 3 years but it’s still $250 and who on a backpacker budget is going to snub $250 towards their travel fund, especially when it came from the money that would have otherwise went into parking meters and other such useless things.

[tags]Money, Saving, SNL[/tags]

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