All our mortgage payments hit:
US: $417 to principal
UK1: $260
UK2: $54
UK3: $56
All told, $787 down, $1288 to go on the August debt goal.
As for EF savings, we got a 750-pounds-plus-VAT estimate on the redecorating that needs to happen on our UK flat before they can find new renters. NT reckons VAT might be 17.5%, bringing our little paint job to 881.25 pounds. We have 319.45 in the UK checking account that I would have put into EF savings but must now go into this. We get 573.74 in rental income from our current renters next month, but we need 254.29 for next month's mortgage payments, meaning we're 245.35 short ... and that's assuming the VAT is still comparable to what it was when NT lived in England years ago.
Long story short, I have to transfer 300 pounds (US$600 per the exchange ratio I use for my calculations) from the EF into checking to make sure we can cover both September mortgage and redecoration charges. We earned a small droplet of interest (a few pence), but we're still losing $599.72 of our EF. That takes our 2011 progress backward to $2758.06, and our total EF to $11,270.01. Ouch. That $7000 goal is looking more and more unrealistic, unless I slow debt repayments (which I really don't want to do). Hopefully the redecoration plus VAT won't come to 881.25 and we'll be able to put a bit of this back into the EF.
Between this and the recent medical/vet bills, it's been a spendy couple months. Makes all the difference to have this money set aside, but that doesn't mean it doesn't hurt at all to see the money going out.
August debt repayment progress; EF savings goal setback
August 2nd, 2011 at 06:32 pm
August 3rd, 2011 at 06:12 am 1312351942
August 3rd, 2011 at 12:53 pm 1312376039
August 3rd, 2011 at 05:20 pm 1312392052