If you look to your right you will notice that I no longer have a vacation fund bar graph. I used up all the money in the account and shamefully dipped into my retirement fund account to cover the rest of the trip cost. This is one of the reasons I decided to change the name of my general savings account to retirement fund so that it would no longer be used for 'general use.' Any ways since I have for the most part paid and this is the last major trip I will being taking in a while I have decided to get ride of the fund for now.
I am a little behind on my updates, I am sorry about that. I have great news I had planed to have my line of credit down to $-32,000.00. I have accomplished this, my line of credit is currently standing at $-31,965.95 which is LOWER than 32,000.00. How wonderful is this!!!
Recap of amounts put in:
Dec.31 LoC balance: -32,915.15
Jan 4 deposit: +30.00 (Dec. 2011, snowflake)
Jan 4 deposit: +200.00 (Dec. 31 pay day deposit)
Jan 10 deposit: +35.00 (Xmas money)
Jan 14 deposit:+28.64 (snowflake)
Jan 14 deposit: +300.00 (Jan pay day deposit)
Jan17 deposit: + 62.50 (GST cheque)
Jan 28 deposit: + 17.07 (Snowflake)
Jan 31 deposit: +400.00 (Jan pay day deposit)
Jan 31 interest: -124.01
END BALANCE: $ -31,965.95
The exciting thing is that I paid $2.11 less in interest as December's interest was $126.12 every cent counts! To the best of my knowledge the interest rate between the two months stayed the same. But until the paper work comes in from the bank I won't know for sure. The bank isn't able to tell me this stuff over the phone... sigh.
Oh and incase you'd like to know last month I put in $719.90 beyond my min. line of credit payment.
I am a little behind on my updates, I am sorry about that. I have great news I had planed to have my line of credit down to $-32,000.00. I have accomplished this, my line of credit is currently standing at $-31,965.95 which is LOWER than 32,000.00. How wonderful is this!!!
Recap of amounts put in:
Dec.31 LoC balance: -32,915.15
Jan 4 deposit: +30.00 (Dec. 2011, snowflake)
Jan 4 deposit: +200.00 (Dec. 31 pay day deposit)
Jan 10 deposit: +35.00 (Xmas money)
Jan 14 deposit:+28.64 (snowflake)
Jan 14 deposit: +300.00 (Jan pay day deposit)
Jan17 deposit: + 62.50 (GST cheque)
Jan 28 deposit: + 17.07 (Snowflake)
Jan 31 deposit: +400.00 (Jan pay day deposit)
Jan 31 interest: -124.01
END BALANCE: $ -31,965.95
The exciting thing is that I paid $2.11 less in interest as December's interest was $126.12 every cent counts! To the best of my knowledge the interest rate between the two months stayed the same. But until the paper work comes in from the bank I won't know for sure. The bank isn't able to tell me this stuff over the phone... sigh.
Oh and incase you'd like to know last month I put in $719.90 beyond my min. line of credit payment.
Your savings are your savings no matter what you choose to call them, and you can also spend them if necessary.
ReplyDeleteWell done to you on the credit repayments how awesome to be able to pay off more than you expected.