Archive for April, 2008
My Finances are a Mess!
The title says it all, doesn’t it? I’ll spare you all from reading the post and just declare it.
Okay, first of all, I can’t believe I’ve neglected the blog for 3 months! Time flies when you’re spending money!
The last time I wrote here I was considering jumping into debt. I needed a car and I wasn’t willing to settle for a cheap second-hand car. A lot of you advised me against taking out a loan, others told me to think about car purchases seriously. I honestly had to take time out to figure things out for myself. In the end, I took out a KD 7,000 loan. I know, I know. It hurts but the good thing is that I shopped around for the best interest rates and I took out a loan that still allows me to save. I won’t bore you with all the details now, I’ll save those for another post.
In a nutshell, what’s happened in the last three months:
- The government announced they were increasing salaries by KD120 per month (this is on top of the KD240 governmental allowance we get in the private sector)
- I took a loan for KWD 7,000
- Parliament was dissolved and I’m interested to see if new faces get voted in on May 17th!
- I have gone on a few business trips that depleted the few savings I had
- I started researching finance programs that will help me reach my financial goals
I need to update my sidebars. My savings are in a bad state, having been significantly reduced by both the new car and business trips. I have been spending without thinking. I need to get back to my budget! I also have to put down a sidebar counting down the amount until I’m debt-free.
The first quarter of 2008 has not been good to my savings goals. Like I said, my finances are a complete mess, but 2008 isn’t over yet! Now excuse me while I go read your comments and try my best to reply!
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