Welcome to the first installment of my personal debt posts as I account for my spending and attempt to reduce my debt by £3000 in 2012. With this being January, I have taken balances as of the 1st, and will continue to do so each month.

To summise, I currently have 4 credit cards, each with a balance on them. One of these, a Virgin Money card, is almost clear, and is intended to be useds for business expenses and should be paid off each month. However I am including this for completeness, and ot show I’m not just accumulating more debt elsewhere.

In addition to these four cards, I also have a loan on my car, which is being paid off over a fixed period of 5 years, and accounts for £166 of my outgoings each month. This is not going to be included on my report.

So with this, please find below the details for January 2012. I will be showing a breakdown by card, totals and percentage changes, month on month. Clearly for January, this is 0% as I am counting from today.