Speaking of torture, September's budget has come to an end...
Now...on to October! I will start using Spendingdiary again this month which will help me to keep better tabs on my spending, at least that's the theory. I used it last year from about October to June and it did help me stay on track.
So once again I have no fancy pie charts to show you where all of my money went. But go it did. There was Kazi's birthday, back to school expenses, new tires for the car and plenty of dining and drinking. Did I tell you yet about the new pub we've found - "The Waltzing Weasel?" The best chicken wings ever!
But I digress - yes the stack of receipts from this month alone is a good half inch thick. Money came in and quickly departed. I just couldn't hang on to it. But, although I spent freely I also saved over $1,000 and paid down my line of credit by $1300. And thanks to receiving a cheque from Michael today which will now be a monthly event to very much look forward to I was able to cover our overdraft and pay off the Mastercard.
So I stand before you today with my only debt being my Line of Credit ($35,000) and the roughly $45,000 mortgage on my PEI home. I have upped the bi-monthly mortgage payment which has brought the amortization down from 25 yrs. to 16 yrs. and I plan, yes PLAN, not HOPE, PLAN to have the Line of Credit paid in full within 18 months! So by the end of March 2013!!
Other goals for this year:
- get the Emergency Fund back up to $2000 (currently @ $1450)
- increase the Christmas fund to $1131 and stay within my budget this year
- (currently @ $531)
- transfer $5000 into my TFSA by year end (currently @ $4300 & the transfer will increase my TFSA to $15, 186)
- get my line of credit down to $29,000 by year end!! This one is the most exciting goal!
Is your October budget ready to go?