Long Time Lurker

MJhami59

One of my colleagues at work has just bought a nearly new car for £19,500 - £265 a month for 4 years and a balloon payment of £7000.

I would LOVE the car she's buying and I told her my car cost less than her monthly payment (it was £250!)

Suffice to say I'm not getting a new car!

MJhami59

I have done my budget for next month and have around £1100 spare.

My wife wants to put this away towards car insurance (due in August, new passports, Christmas this year etc.)

I think I need to listen to her as we both need to be on the same page before we start chunking off debt.

MJhami59

Had a budget meeting Friday.

We have both agreed that our 'emergency fund' will be set at £1500. Anything above this at the end of the month we will pay off our lowest debt.
Quite looking forward to this year

swfcfan

Just stopping by to say congrats and keep up the good work!

MJhami59

Thanks SWFC fan, nice to have a comment

So, our fence blew down last week. I spent £450 on materials and me and my mates spent 3 days fixing it. 

I reckon this would have set me back circa £1500 so I have effectively saved myself £1000 despite having to spend £500 fixing the fence.

Will end up paying off slightly less this month as a result!