Wednesday, March 30, 2011

March Month End Report

Here's how the numbers sit as of February 28, 2011:
TFSA      $88.96 (up $1.00)
Xmas Fund  $34.70 (same)
RRSP Savings Acct. $10.00 ( up $5.00)
EEE Account $10.03 (down $45.00)

RRSP MF Acct. $1,210.83 (up $3.02)
RESP MF Acct. $0 New Account
Emergency Fund Acct. $91.09 (up $60.00)
House Fund $40.00 (up $15.00)
Biz Savings/5 Categories $225.00 (up $126.02)
Canada Savings Bonds $735.00 (up $140.00)
B's Savings Acct. $85.21 (up $31.05)

HBC Card (28.8%): $406.86, down $34.24
Personal Loan: $6445.00, down $160.00
MBNA Card (27.98%): $2,117.14, down $151.47
Capital One Card (19.8%): $4,119.24, down $72.04
Overdraft 1: $799.39, increased by $299.39
Auto Loan: $1,199.23, down $194.97
Tax Owing: $4,385.82, down $250.00
Biz HST:  $4,839.00
Dental Bill: $1,301.10
Overdraft 2: $380.80, decreased by $88.24

Total Debt owed on January 1, 2011: $23,861.01

Our current total Debt owing: $21,874.34

Difference since January 1, 2011: $1,986.67

Good things this month:
  • I got a bank account and RESP Mutual fund account opened in Cub's name
  • In a month that is historically bad for income, I brought in over $3000
  • I have $1100 of outstanding invoices that should be paid next month
Things that aren't so good:
  • Knowing that I have to pay off $4800 of debt in the next 110 days
  • Still paying off credit card debt that I incurred over 3 years ago
  • Needing work done on my van that is going to cost me in the $3000 range
We could have done a lot better this month. We paid over $950 toward our debt this month. It seems to be moving so slowly. Seeing the numbers gives me incentive to get these debts over with! Hubby's car payments will be finished by September, and then he is planning on saving the equivalent of the amount of those payments in a seperate account toward the purchase of a newer vehicle.


  1. As someone who has just taken her head out of the sand and added up the numbers, I think you're doing great! Your organization gives me motivation to keep plugging away. Thanks for sharing.


  2. Slow and steady wins the race! You're doing a good of staying on track. Keep up the great job!

  3. Our debt is about the same now...
    Keep going I know how you feel some months are slower than others on debt repayment but still going in the right direction so good for you!