Monday, 14 March 2011

February SitRep

Well, I know we're nearly half way through March but, better late than never!

Again I am a happy bunny - we have brought our debts down by £1969.67 in February and I am feeling extremely proud of myself. We managed to pay a whopping £930 off of one of Big Man's credit cards, mainly by using what we would have paid on council tax (if it was April - January) and other bits of additional income (including just under £300 on mystery shopping). February was the first month where I was back on my full-time (to me) wages so I had half as much again. We paid off a house phone bill and a business one that we don't use any more and have now closed. The best news is that, since the start of the year we have reduced our debts by £3530.45. Isn't that great???!!!!

On the minus side we are now going to be laying out an extra £75 a month to pay off a £1500 fine from Companies House for late filing of our accounts. Although it's technically a business debt our business is hibernating for now and because we don't want to wind it up we have to pay this fine somehow. We are also paying out £100 a month to cover a personal guarantee from another business we had that failed. And will be paying for a very long time unless we win the Lotto. We have also had to up our electricity payment to £175 a month from £135 to pay off a big bill caused by EDF not reading our meter properly (and my not reading it myself, apparently). Oh dear, I'm making myself quite depressed now!! It looks almost unsurmountable. But it isn't.

I am expecting to be able to bring in quite a bit of additional income from the end of this month, through April and into May with my Census Collecting job and also the poll clerking I am doing on 5 May. My hope is to make £300 on eBay too in March. I am going to be a busy little bee!!!

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