To help with preparation and planning in terms of cashflow, here are the interest rates on my accounts, using current balances for the month with the interest rate on promotional 0% expiry. I have also included any fees, where applicable:
| Account | Balance | Interest Rate on Expiry | Interest/Minimum Payment / Month |
| 0%-6m | $33000 | 23% | $632 |
| 0%-7m | $6400 | 23% | $122.67 |
| 0%-10m | $1500 | 23% | $28.75 |
| 0%-10m | $6300 | 13% | $68.25 |
| Family Emergency Debt LOC | $44500 | 6.34% | $279.72 |
| HELOC | $4800 | 2.45% | $9.8 |
Of course, the scary interest-only payment is the one that’s expiring soonest. Here are my balance projections 6 months later, assuming I don’t add new debt and continue my payments (which will be outlined in January’s net worth report):
| Account | Balance | Interest Rate on Expiry | Interest/Minimum Payment / Month |
| 0%-0m | $31500 | 23% | $603.75 |
| 0%-1m | $4900 | 23% | $93.92 |
| 0%-4m | $0 | 23% | $0 |
| 0%-4m | $3800 | 13% | $41.17 |
| Family Emergency Debt LOC | $43900 | 6.34% | $276.56 |
| HELOC | $4300 | 2.45% | $8.78 |
I have some projects that should be coming online towards the summer which should help address this issue, but for now the debt is quite manageable. I will be planning out my debt repayments over the next few months to reduce my interest expenses for the high interest rates as much as possible.
More details about how I plan on tackling my debt will be revealed over the coming months, across my various weekly posts.
| Income Source | Amount |
| Dividends | $1003.58 |
| Cryptocurrency | $896.46 |
| Rental | $2550 |
Note: There will be some slight variance due to differing exchange rates from the time different reports are written.
