This quick glance has been a wee tradition I have done last year, in 2010, with a base comparison of 2009 numbers. I have included all four sets of numbers in this post to see the comparisons.
For dates, I am using information from the start of December for each year.
Debts
December 2009 - $70 771.99
December 2010 - $52 410.25
December 2011 - $40 055.29
December 2012 - $35 921.04
So this year my debt went down $4134.25. I am not happy about this one. Last year debt went down by $12 000. Very big difference. Life choices have prompted this smaller than hoped for decrease. One being DS1's Italy trip that I did not save properly for. The second was for the unexpected purchase of a used vehicle after DS's was totalled. We would have bought this car eventually but that would have gone on 2013's numbers. If I had not purchased the car, the debt would have been reduced by at least $8500.
This debt number for 2012 even includes the fact that I paid off my vehicle early. I really did not do a good job at all. It needs to change. I have two kids going off to university in the next couple years and I need to fix the bad habits.
Savings
December 2009 - $2 225
December 2010 - $10 640
December 2011 - $13 250
December 2012 - $18 245
This includes RRSP, RESP, and TFSA. This does not include my pension.
So there it is in a nutshell. It's a good visual for me that I need to do better at debt reduction. It is my hope that my debt goes down by $8000+ for 2013.
Not Much Working Out Monday
2 hours ago
3 comments:
I know it's an overall small drop Year over Year, but you've cut your debt in half since 2009, which is awesome. As you said, 2013 can be the year that you focus & find other ways to trim things before you have kids in college!
If you look at the big picture though, Jolie, you've done awesome!! We all go through ruts and can't always put in as much as we'd like to.. you've had a rough year, and you've done amazing overall!! Be proud of your accomplishments and move on! I love your positive attitude & determination... keep at it!! :)
Life happens right? So you didn't save as much as the previous year but look... You paid for DS1 to go on vacation and bought a car and you STILL put $4,000 dent into your credit. Most people would have ADDED $4,0000 right? Don't be too hard on yourself. :)
Post a Comment