January Summary
Current Debt – 31/1/08
| Loans | £33,036.88 |
| Credit Cards | £44,617.06 |
| Total Debt | £77,653.94 |
| Creditors | £42,542.52 |
| Cash in Hand | £697.04 |
| Net Debt | £34,414,38 |
Main things to do this month
- Chase my accountant for compensation
- Chase former clients for outstanding money
Note: the creditors excludes some money which I don’t expect to receive, but not all of this will be collected. The worst case scenario is that only £16,000.00 or so will be received.
On a plus note, I completed work in the last couple of weeks that will secure £1997.50 of the creditors amount and added 940.00 to it. Ideally, I would like to bring in about £2000.00 over and above my salary each month, which would be used to reduce the outstanding debt.
