Showing posts with label full disclosure. Show all posts
Showing posts with label full disclosure. Show all posts

Wednesday, August 3, 2011

Coming Clean

This is hard!  Publicly declaring our debt to the masses feels a bit like walking down my street naked - but in the interests of full disclosure, here you go -everything we owe with interest rates.

Personal Line of Credit (10.5%) 14,961.72
Mosaik Mastercard (10.9%) $10,083.17
American Express (18.9%) $965.36
PC Mastercard (19.9%) $2103.26
PC Mastercard (2) (19.9%) $1011.90
BMO Line of Credit(5%)  $24,571.03
TD Line of Credit (4%) $21,765.26
Hyundai Entourage loan (0%) $22,774.40
Family loans (0%) $5,000
Personal taxes $320.01
Federal Taxes (Corporate) $700.00 (approx.)
Provincial Taxes (Corporate) $400 (appox.)
Overdraft $2275.24
Mortgage $386,274.40

We still haven't done our 2010 taxes (yep, been burying my head in the sand on this one) - we will owe though as Nick had 6 months of self employment income.  I'm scared!)

And the grand total is.....
$106,931.52


Excuse me while I go puke.

Edit: Annnnnd.... it just got worse.  I forgot that we also owe my mother in law an additional $17,283 (most of this is debt incurred by Nick prior to us getting married.  Much of it student debt).

So that brings the new total to $124,214.52.  Guess I'd better buy a lotto ticket.  Oh wait - that's not in the budget!