Okay haven’t been bothered to work out tables yet. So, here’s the split for this week:
Savings/Emergency Fund: + $62.25 = $462.93
Going Out/Gift Fund: + $13.60 = $96.01
Rent: + $200 = – $180 (I allocate a set amount from every paycheck to rent, which is fortnightly. This way I don’t lose half a paycheck a week to just rent) I’m putting in extra cause I want at least a weeks buffer… just in case.
Bills: + $40 = $270 (again I allocate $40 a week for bills such as electricity, water, gas, cable etc. I like the feeling of seeing a bill and knowing I don’t have to worry about trying to finnagle it into that weeks budget. $40 a week may be a little bit much, my quarterly electricity/water/gas bills haven’t gone beyond $170 and are usually less than $100, but all that means is at the end of the year I may have extra dosh lying around to pay off the debt!)
Grocery and Transport: + $70 = $0 I will withdraw this money today and it will be the only cash I will have in my wallet.
There is also $30 to spare that I’ll probably split between the going out fund and building a buffer in the transaction account (basically it’s there so I don’t have any overdrawn fees in case my pay doesn’t get cleared on time or whatever)
Now comes the fun part…
Amex: + $40 = – $3,279.79
ANZ: + $30 = – $4,704.53
Westpac: + $40 = – $6,762.60
Citibank + $228 = – $5,560.54 (Die! Die! Die! *laughs maniacally*)
Total Debt: – $20,307.46
While it does look like I will be under $20,000 by next week, bad news is I won’t.
First of all I can only afford to pay off exactly $291 in total next week because of another fortnightly expense, health insurance. Which would bring my total to $20,016.46 (so so so so close *sob sob*).
Second of all, the week after will be end of month, which means that interest gets added onto the balances. Which will be roughly around $320. Which means it won’t be until the 11th of August (that’s 1 month! After getting a hairs breadth from it!!) before I am truly well out of the $20,000 mark, and won’t have to fear about interest making it go over again.
But don’t worry, once I get to the under $20,000 mark, there will be much rejoicing, quaffing of ale, fraternising with wenches, singing along with the troubadour and general merrymaking and hootienannying.
I might even do a jig.