Sunday, September 05, 2010

Progress bars update

Anyone following my progress bars might notice that for this month so far my debt has stayed at $6700 while my savings has increased to $500. Normally I would put most of the savings towards the debt but for the next few weeks I just can't.

Now I know I'm supposed to have at least $1000 saved for emergencies but for a while I was doing it my way and throwing almost every cent on the debt. I'm just that desperate to get it paid off. However this month I'm halfway to a proper EF because the threat of a strike is looming at work and I don't want to rely entirely on my Line of Credit.

If the strike is averted I will probably use the money saved to fix up my Ford, which is still sitting at the shop waiting for a quote. I've asked the mechanic to keep it under $1000 but he thinks it might be more like $1200 - $1500. Hope to find out within a couple of days since I have to return the Honda to its owners tomorrow (with thanks, and hope that they don't mind I didn't tell them about the repairs I had to put on it this summer - I just didn't think it was worth it to bother them while they were overseas).

Seriously, Karissa

1 comment:

  1. I was in the exact same position you were in when I was clearing my debt. I put every penny towards it, but I had such a tiny emergency fund/savings fund, that I barely made it.

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Thanks for commenting! I will have it published as soon as I can ~ Karissa