I was really looking forward to my payday in March. I wasn’t very impressed with my January and February debt repayment progress since my focus had shifted slightly. I was still making over payments, but in my eyes it was not nearly enough. This is the reason why I could not wait to get paid and throw as much cash on my debt as possible.
My spending in March was a bit out of control. Although I tried to keep it to the very minimum, I am a little sad to admit that I failed miserably. I didn’t spend a fortune or anything like that, but my average spend was in the region of £80 per week, and that figure does not include the money I spent on travel (I booked my flights to Croatia & Montenegro in May as well as my flights to the south of France in June). I will be watching my spending very closely in April because I am not happy with my spending at the moment. I think it is a bit excessive and it has got to stop! Once my debt has been paid off, I will be able to relax my budget a little bit but it is most certainly not that time yet. Must. stay. focused!
I have also moved. Again. I will talk more about it in the coming posts. I have been staying in my new flat for just under a week and so far I am absolutely loving it! My new place is not as spacious but my rent has gone down significantly. By moving into my new flat, I have saved myself £2,000 a year! The best part? I am now living with my good friends too! 😛
Okay, back to my debt repayment update. Here are the figures for the month of March –
End of February Figure -£7,370
End of March Figure -£6,390
In March, I put a total of £1,088.86 towards my debt, including interest. This converts to approximately 1,815 USD and 2,000 CAD. I am another step closer to debt freedom, isn’t this the best feeling ever? 😉 I can honestly say that I can finally see the light at the end of the tunnel. Around £7.5k paid off, £6.4k left to pay off and then… it’s debt freedom and hardcore money saving!
I have saved additional £100 in my travel fund as my best friend and I are planning an Easter weekend getaway. We are not sure where we are off to yet, but we will most likely go to Edinburgh for three days/two nights. I have got some points to redeem on accommodation which will save us some money. Always a bonus!
How did you do with your debt repayment/saving goals? Please share in the comments below.