First Statement from consolidation loan

The other day I recieved my first statement for my consolidation loan. Monthly interest is around $160 compared to in excess of $250 when I was carrying this debt on my credit cards. So that’s a good thing.

On the downside after four months I’ve only managed to reduce the balance by a bit over $1000.
I really need to get focussed on my debt this year.

Long Time No Updates

It’s been a while since I posted here, life has got in the way a little bit. My credit cards have taken a hammering over Christmas and I’m in worse position than when I started this blog. But as always I’m working on it.

I took advantage of an offer from one of my credit card providers to balance transfer at 3.99% for six months, this will help alleviate the pressure a little bit for a while.

I’m also planning to go through my house and find everything I can sell on ebay. This might help redeem some of my excess spending for the last three months.