January Update

Welcome to the January update!

We have had some veterinary expenses this month that slowed us down, however they were necessary! February we have car registration, and we’ve decided to take a very cheap international holiday, which should set us back around $1,000. We have been on this journey to eliminate our debt since June 2018, so it has been a long time between spending a bit of $ on ourselves. We are looking forward to the week off!

Now to the numbers:

Forecast January
Consolidation Loan  $ 0
Credit Card A  $ 0
Credit Card B  $ 0
Credit Card C  $ 2,799.52
Total  $ 2,799.52

 

Actual January
Consolidation Loan $2,200.14
Credit Card A  $ 0
Credit Card B $ 3,763
Credit Card C  $ 0
Total  $ 5,963.14

 

I have come to accept the fact that we will end up a few months behind our revised forecast. But I haven’t had time off in a while so am looking forward to taking advantage of the annual leave. February we will likely only pay down about $1,000 of debt, so I anticipate we will be debt free by the end of April. We are likely to still beat our original forecast. Given the above numbers we are $3,163.62 behind our revised forecast, and $1,975.16 in front of our original forecast. I think we should be able to pay ~$3,000 off the debt from March on wards so this will put us in good stead.

 

Jan 2020

 

Net Worth
Our net worth excluding HECS is sitting at $108,468.95, and $85,265.61 including HECS, shown below:

Jan 2020 NW

 

See you soon!

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