Month: March 2019

Calculation, Finance, Tracking, Uncategorized4 Comments

Calculations and calibrations

The Wealthster

Last weekend shortly after making my blog post, buoyed by the confidence that I am approaching debt freedom, I spent several hours calculating whether it would be better for me to save money or to pay off my mortgage. Firstly, there are several viewpoints on whether mortgage debt counts as ‘debt’. Of course it is different to a credit card or a car loan as you have purchased an asset that will appreciate in value and give you ‘equity’, and you pay off a chunk each month which also contributes. However, as that equity is tied up in the home, … Continue reading Calculations and calibrations

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The end in sight

The Wealthster

It’s been a long month for me. I’ve had some ups and downs with job applications (mainly downs) but have enjoyed going to various sporting events such as England v Scotland at Twickenham. The best thing about the rugby game was it didn’t cost me a penny as my company paid. I can’t think of a better way to save money and have fun! Debt The end of the month is approaching and I’m actually looking forward to getting my paycheck and paying off more of my debt. I should be able to pay £2000 this month which will bring … Continue reading The end in sight

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Another week has passed

The Wealthster

I’ve had a good week. My work treated me to tickets to England v Scotland at Twickenham. It was an astonishing game which will stick with me for the rest of my life. I really do wish my Dad had a chance to see it. It would have been an expensive day save that my company will pay for it. Can’t get better than that?! As for my FIRE quest, I’m feeling much better. My cash flow has improved, people have paid their bills to me and I have the cash to get me to the end of the month. … Continue reading Another week has passed

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Feeling the pain

The Wealthster

Last week I paid off £1200 of my credit card. It felt good to be making progress, but also scary. I’ve taken the approach that I must clear these debts as fast as possible with a target of 3-4 months being a stretch target. I’m anxious that I may be biting off more than I can chew. I now only have £1172 in my account to last me the month. I know I have at least £650 of payments coming out before the next paycheck. However, I am owed £500 in rent and have £400 of expenses to clear. In … Continue reading Feeling the pain