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Payment to principal; nice exchange rate

August 17th, 2007 at 07:49 am

I finally figured out how to make wire transfers into NT's UK checking account, so now I can not only throw money in there to cover his regular bills, I can work on paying down his overdraft balance (now that mine is paid off). So yesterday I wired enough money to cover his August and September bills, plus a some extra to whittle down his overdraft debt. Thanks to a surge in the US dollar against the British pound, it ended up being more pounds than I'd hoped for! According to my calculations, I estimate I paid down about US$445 worth of his overdraft, so that's what I'm counting toward my September challenge.

I'll have to pay extra on one of my other bills in order to make the challenge, but luckily I have a month and a half to figure that out. I'm just happy I was able to pay some extra, and that the exchange rate worked in my favor!

So, $445 down, $1740 to go on my September goal.

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