Yay! Celebrations and happiness! As of today my emergency fund balance is:
I am actually really excited about this achievement, this is my money, my cash, my hard work that is acting as a really soft, worn-in blanket for comforts sake. It wouldn’t keep me warm for long, and isn’t a fool proof solution for a down comforter, but it’ll keep me warm in an emergency until I figure out how to get out of that emergency.
So for the official update:
Emergency Fund: $1000.01
Line of Credit: $14,369.62
Car loan: $16,424.01
Some progress here, mainly on the creation of the ‘short-term’ emergency fund and slight reduction in the car loan thanks to the regular payments.
Sadly, despite minimum payments, the Line of Credit balance (which is now LOC and the old m/c combined), has crept up by $152.94. If this doesn’t prove that borrowing money keeps you in debt, I don’t know what does.
The Line of Credit should be feeling nervous – next pay cheque it starts getting hammered, hard. It should take a lesson from the master card: