YOSH!!! 1 down, 9 more to go

Finally, the Rock has come back to ... i managed to complete 1 of the task i set for myself. I really have to admit that that 5 figure debt was really taxing me. Every month after getting my pay, i would have to channel 50% to pay them, one of which i can only afford only to pay the minimum sum. Sigh not as much from now on i suppose.

How did i do it? I suppose you would get this from any financial adviser who is really out to help you, consolidate all your debt and negotiate a good deal. My way was somewhat of standard practice in a way, i take a big loan and shoot a couple of birds right out of the sky.

Settled my car loan, several cards' debt and the extras are for a greater good. I will be facing my first payment next month and if my calculations are right, only 1/4 of my salary will be used to service the now big debt.

The bad thing is of course, im really seriously down to my last penny. There is no more umbrella, no more secret stash. My lifestyle will largely remain unchanged ie to not be able to spend too much. Still with the same budget on food and travel per month, the only difference, i have is a little more breathing space, just a small amount which hopefully i can save up and do something.

2 months in only 1 down, i still have a looooooooooooooooooooong way to go. Gambateh!!!