TheLostGlobe

Ok lets start with the bad stuff, Debt. I haven’t had a statement on my car loan in a while, I’m expecting one soon but until the I’ll just have to guesstimate from my budget spreadsheet and yahoo widget what it might be.

• Car Loan: $2,386
• Digital Camera: $870

So thats $3,256 left to pay off, I have just under $1000 in Savings and I’m paying $125 a week on the car and $25 on the camera, I’m not being charged interest on the camera so there is no great urgency to pay it off. I’ll go into the bank tonight or on the weekend and find out exactly what the balance on my car loan is, I think I will use that $1000 to shorten the loan term by 2 months. This fortnight I actually managed to pay off an extra $50 each week on both loans, I really should have put it all towards the car but I’ll remember to do that next time.

My Mobile phone died the other day and as it’s a work requirement I have to buy a new one so I’m trying to get something <$200 off ebay, there is one finishing in 1 hour hopefully I’ll get lucky, because I don’t use it personally i can claim it on tax anyway, still I was quite happy to keep using my 6 year old brick until it wasn’t required anymore.

All things going well I will have payed off the car loan in 2 months time, maybe slightly earlier with a good tax return then I can start putting away $350+ a fortnight.

Popularity: 11% [?]