We got paid on the 25 June and I have just finished paying all bills for the end of June and the debt balances are:
Start Debt:
7/12/06: $236 978
5/29/07: $29 150 + $55 600 = $84750
6/27/07: $26 859 + $32 894 = $59853
Car Loan: $11073 Now $ 6748
CC2: $ 13716 Now $ 6832
CC3: $ 15918 Now 13279
Tax Liability: $55600 Now $32 894
Reduced by $2611 since 5/30/07
I am battling with the Tax Liability - I just don't know how I am going to get enough money together to pay this by the 28 Feb 2008.
Every time I look at what I need to save to pay this, I go straight into "overwhelm" - I think it is a good thing that I only look at the totals once a month and not everyday.
This month I have drawn cash (only $300) to carry us through until next pay day - a real challenge on it's own.
Thank goodness my employer pays for my gas (I commute about 60 miles per day) otherwise it would be even tougher.
I really make a concerted effort to focus on what we have and how Blessed we are - it is the only way to keep things in perspective.
BTW It snowed in Johannesburg last night - the first time in 25 years!!!!! Hmm wonder if this Global warming is starting to really impact us.
The funny side though - South Africans have no clue what to do in the snow - we have never had to clear snow off cars, drive on iced roads and snow tires - what are those????
Even the airplanes are not equipped to deal with de-icing - all our flights were delayed 2 - 3 hours this morning.
Have managed to get my $20 Challenge account up to $338 by adding change and getting paid for sewing. Am so tempted to add this to a debt payment but then I remind myself that I may need a washer soon - so the money is lying in a separate wallet in my drawer.
Well back to work...
Have a good day
Updated Debt Balances...
June 27th, 2007 at 11:46 am
June 27th, 2007 at 04:03 pm 1182960188
as to your tax liability- just keep adding every spare cent to the total, maybe just only pay the minimums on the rest for now
June 28th, 2007 at 04:19 am 1183004342
I think it is great that you are sticking with your guns and putting money into the challenge account!
The only thing I can say about the tax debt is PRAY!
June 29th, 2007 at 07:42 am 1183102945