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Ultimate Challenge. 457 days / £16600!!!
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# 1
NinjaSavingKat
Old 29-09-2012, 10:52 PM
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Default Ultimate Challenge. 457 days / £16600!!!

So, dear fellow DFW's I want to join the ranks!..and apologise about how long this is!!

I have researched, read and re-read so many incredibly encouraging threads, got myself excited over challenging myself and thought it was now time to make this REAL and make it public!!

I WANT TO BUY MY OWN HOUSE!!! I cannot do this when a considerable amount of my earnings will go to debts... so this is the plan...

From the 1st October I have precisely 457 days until the end of 2013. I personally refuse to enter 2014 ( by all means possible ) with any debt. This means working harder and longer, reducing out-goings to meagre proportions and selling everything I can afford to.

So this is the break down - rounded up to the nearest £100 for absolute ease as I checked these amounts a month ago and have since paid towards them!! ....

£350 - Overdraft. This is being paid back in another 3 payments of £80 and will be gone by 01st January! REPAID!!! Reached £1000 since first posting but the ENTIRE amount was still paid on time!!!

£350 - Ex-Boyfriend. For motorbike gear. 2 more payments of £175. Refuse to start the New Year owing him anything ( despite him being very lovely and very understanding and not demanding at all ).. REPAID!!!

£1000 - Credit Card.Will be maxed shortly due to motorbike insurance.. will be selling stuff to cover this but for now the credit card has to take the brunt. (£600 available at the moment ). Will be cleared by 31st December if it kills me and I live on beans! REPAID!!!


£2500 - Student Loan. Money paid @ £150 per month minimum and will be complete by at least October 2013 due to the amount of overtime at work I intend to get my dirty mitts on...
REPAID!!!

£3200 - Nationwide Loan. This was for the Motorbike ( needed for commuting to work ). I am paying £133 per month, never missed a payment but have set up a standing order that I can transfer however much more I can afford each month in order to reduce the amount. I want this gone by 30th June. This means an extra £317 a month. Once the first three are repaid the surplus funds will be channelled into this loan! REPAID!!!

£9300. Northern Bank. This is for a piece of land bought back home!....£297 monthly. I pay half / my parents pay the other half. But the loan is in my name. I want to take responsibility for the whole thing. REPAID!!!

The Nationwide and Northern loans reduced in interest the more I pay off. Not sure if this is the same with all but it helps knowing that I can get rid of it all that much faster....

So there you go £16600. Works out at £37 a day. Which will make me think before I buy that bottle of water or choccie bar I really don't need ( although vintage clothing store are more of a temptation )..

So... no clothes shopping for 15 months, I will beg, borrow and swap if I want something new. I have asked for vouchers for Christmas..I buy food from Approved Food, reduced vegetables in Tescos, earn points in every store possible, and am selling all my books, and unwanted items... I am making hampers for close friends only and one hamper to send home to Ireland for 4 people ( max £40 ) for Christmas.. I get deals on line where I can, promotions, vouchers, coupons ...everything!!

Petrol hits £200.. I make £1700, my outgoings are around £1300 ( including food ) when I pay each loan its minimum repayment... this is manageable. But to get rid as fast as I want I need to be earning another £700 a month. This is where the overtime at work comes in.. I need to work three extra Sundays a month...

I have no family over here to move in with, no one to fall back on but me.. I am renting a room where all bills are included and share my life with a tabby called Dorothy. I don't drink, smoke or right now go out.....It will be worth it in the end I believe that for sure. This money saving / money making malarky is thrilling..

So there you go folks... Onwards and upwards...


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Last edited by NinjaSavingKat; 29-11-2013 at 5:01 PM.
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# 2
happytails
Old 29-09-2012, 10:58 PM
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you sound very positive! good luck! I am hoping we can shift just shy of £12000 by the start of 2014, may keep an eye on this thread, please do update!
Sarah, Mummy to Amber (5), Lucas (3.5) and Evelyn (19m).
Member No43 - % Challenge
Member No73 - £365 in 365 days Challenge
Member No32 - Crazy Clothes Challenge £347.41/£500
GC JAN £358.31/£400 GC FEB £341.55/£400 MAR £557.70/£400 APR £141.91/£300
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# 3
NinjaSavingKat
Old 29-09-2012, 11:04 PM
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HappyTails.. thank you.. I am very positive. It will be super tough as I won't be doing ANYTHING for the next 15 months but will keep update as much as possible..good luck on your quest!... I have just joined the No Spending Day challenge for October.. bound to be interesting with my little packed lunches at work..;-)
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# 4
Adoremouse
Old 30-09-2012, 12:56 AM
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I love how positive and energetic you sound best of luck with it, you definitely have the right attitude and you sound really determined.

I will be following your story with interest as I think you're going to do well

Mouse x
LBM - January 2009
CCCS £36,813 £26,531.70
Picture £32,000 £30,106.73
Proud to be dealing with my debts!

£10 a day challenge - October 2012: £158.31/£310
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# 5
flutterbyuk25
Old 30-09-2012, 6:39 AM
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Good luck.

Don't deprive yourself though, a treat once in awhile will keep you sane. Keep an eye out for free tickets to cinema, or theatre, or free local events.

x
100 years from now, it will not matter what kind of car I drove, what kind of house I lived in, how much money I had in my bank account, nor what my clothes looked like, but the world may be a little better because I was important in the life of a child.

279 260.5
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# 6
brokemedic
Old 30-09-2012, 9:16 AM
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You sound really motivated and focussed. Good luck with it all.. it can be done.. I have a similar level of debt that I also want to pay off by the end of next year and am more than prepared to have a reduced life.. so I shall be following your thread with great interest...

Have a scout around the board and see if there is a challenge that you would be interested in joining.. I find the NSD challenges keep me on track and am looking forward to the 100 days to pay a debt.. It's also nice to have people to share your debt-busting experiences with..

Good luck
One debt in 100 days £384/1264(£865 left)
Pay all your debt off by xmas 2014 £276/18864
NSD 4 and 4 in a row
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# 7
NinjaSavingKat
Old 30-09-2012, 3:47 PM
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BrokeMedic I will be keeping an eye on you too then...I have booked myself in for 15 NSD's already ( with 5 in a row )...I am hitting this hard.


Flutterby..you are right... yes a treat is required so for my delightful 30th Birthday next April I am going to treat myself to a holiday..however I did Paris once on less than £400 for 4 days including accomodations..so I think it can be done somewhere cheaper all round for a lot less. God Bless Groupon.

When I have goals I am ruthless...

( Just hit boots on the No'7 offer and scored some hamper fillers for my girlies for Xmas.. )..
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# 8
brokemedic
Old 30-09-2012, 4:05 PM
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Quote:
Originally Posted by NinjaSavingKat View Post
BrokeMedic I will be keeping an eye on you too then...I have booked myself in for 15 NSD's already ( with 5 in a row )...I am hitting this hard.
The NSD challenge is seriously addictive lol.. I have gone for three in a row but am going to try five in a row for this week.. Have bought all my stuff for packed lunches and hot coffees so no excuse to spend at work..

Good luck
One debt in 100 days £384/1264(£865 left)
Pay all your debt off by xmas 2014 £276/18864
NSD 4 and 4 in a row
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# 9
NinjaSavingKat
Old 30-09-2012, 7:03 PM
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Quote:
Originally Posted by brokemedic View Post
..... Have bought all my stuff for packed lunches and hot coffees so no excuse to spend at work..

I have just done the same. I make "Buddha Bowls".. tubs of different foods thrown in one pot. Very substantial and cheap cause I am a veggie... potatoes, Mediterranean cous cous, spicy veggie mince..three bean salad etc. Dull but its gonna be a staple for a while.. I like the different flavours and LOVE my food .. since its the most interesting part of my work day I need to make it fun...

Thank you for the good wishes...
Travel Savings Fund ; £10200 CASH (£4750 SPENT) / £12000

I am too positive to be to be doubtful, too optimistic to be fearful and too determined to be defeated.
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# 10
cod3
Old 30-09-2012, 8:11 PM
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The Buddha Bowls idea sounds delicious. Just been off to google to find out what they are and I am drooling over my keyboard. Thanks for the idea and all the best for your debt free challenge
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# 11
NinjaSavingKat
Old 30-09-2012, 8:12 PM
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So sitting her on my own-some I have looked at my funds.. With my income I can re-pay everything by the end of 2013 as planned... but only have £98 per month left...

Might need to re-think ways of making some serious money cause if I cannot secure overtime I am a gonner.....

However I shall prevail...
Travel Savings Fund ; £10200 CASH (£4750 SPENT) / £12000

I am too positive to be to be doubtful, too optimistic to be fearful and too determined to be defeated.
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# 12
NinjaSavingKat
Old 30-09-2012, 8:31 PM
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Cod3....glad your inspired!.. you can get creative now..

And thank you for your well wishes...
Travel Savings Fund ; £10200 CASH (£4750 SPENT) / £12000

I am too positive to be to be doubtful, too optimistic to be fearful and too determined to be defeated.
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# 13
LexieLou
Old 01-10-2012, 10:58 PM
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Join Date: Sep 2008
Posts: 483
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Hey.

I LOVE your post...mainly because you've just told me that I have 457 days to be debt free. I have been in debt for as long as I can remember and it's not a nice place. It's OK when you have money as you don't realise how indebt you are, if that makes sense.

I added up my outstanding debt tonight and it's sitting at about £12,000, so that's £861 a month assuming that I pay it off as fast as I can and also include the interest payments each month. It's tough, but the Scalifax have increased their overdraft charges and that's an extra £25 a month and so it goes on and on. You get the picture.

I'll subscribe to your posts and pop in and say hi. My diary is just a moaning session..but no-one knows the extent of my debt so it's my only escape means of this place I'm in.

I'm off to bed and then to 'my good warm work' as a lovely lady used to say to me each morning as I passed her by.

Talk soon.

LL xx
CC1: £3177.99 £2350, CC2: £3685.98£1244, CC3: £7688.59 £0 CC4: £2621.34,, £451, Loan 1: £11994.25, £0 OD: £3880.00 £3880,
LBM Dec 2009 £30,004, Bal 3rd Apr 2013 £9625
Should have updated my signature sooner...didn't realise my balance had reduced so much!!!
I will make a payment a day, I want a life again!
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# 14
brokemedic
Old 02-10-2012, 8:05 AM
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Posts: 426
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Quote:
Originally Posted by NinjaSavingKat View Post
I have just done the same. I make "Buddha Bowls".. tubs of different foods thrown in one pot. Very substantial and cheap cause I am a veggie... potatoes, Mediterranean cous cous, spicy veggie mince..three bean salad etc. Dull but its gonna be a staple for a while.. I like the different flavours and LOVE my food .. since its the most interesting part of my work day I need to make it fun...

Thank you for the good wishes...
Delicious... I think I need to start being more adventurous with my lunches as well.. atm it's a cheese salad sandwich with a liberal sprinkling of chilli pepper lol.. I am addicted to hot n spicy food..

I think I am going to have to sit down and tackle my budget again to see if there are any further savings to be made.. Am awfully tempted to invest in a Sky/Virgin media package as I think I spend so much time at home, I deserve it but it was this attitude that got me into this trouble in the first place . No, brokemedic you are not to get a satellite dish lol!!

I also need to sit down and divide my total debt by 11 - the number of months I have to my debt-free wanna-be date lol.. I dread to think how much it will be.. but I have to do it
One debt in 100 days £384/1264(£865 left)
Pay all your debt off by xmas 2014 £276/18864
NSD 4 and 4 in a row
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# 15
NinjaSavingKat
Old 02-10-2012, 8:30 AM
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LexieLou welcome on board... thank you for your post. I swear the more people on here that know the better but I can see why people don't tell those around them! I think on my last check my debt per month is about £1147 or £37 a day. Breaking it down into days is preventing me from buying myself breakfast etc.. even that 80p is costs! I brought my own today as I have been doing most days its the little bits inbetween that break the back ( crisps, hot chocolate out of boredom etc )... BrokeMedic is all over this "bring your own food" ....

LL your post made me ask myself what I had done to bolster my income. I had a NSD yesterday so was well proud of myself - hopefully another today. 2 ebay items sold @ £5 each ( £7.20 with postage ) so will await the "free listing" with batted breath to get more up there!!
I have made a list of books that I am going to sell on amazon - FatBrain have accepted 3 for £16.20.. just awaiting that payment to clear though before I get too excited! So that's £26.20...every little helps I guess!!

Do you use Approved Foods.com.. highly recommended. Nowt better that 10 packs of pasta from Sainsburies for £1.They are doing expensive toiletries too though.. I got 6 x Weleda Gifts packs ( expensive organic range ) for hampers for Christmas. They were supposed to be £16 each and I got them for £3... you MUST look...

BrokeMedic ...shame on you! You do not NEED a Sky package - you shouldn't have it at all. Get a FREEview box / or at least a recordable one. Don't pay for something you can get for free and that will ultimately rot your brain... read a book! ( sound like my mother there ...lol!! )


....then treat yourself to an immense holiday next year with money you have SAVED!..( naughty brokemedic )....
Travel Savings Fund ; £10200 CASH (£4750 SPENT) / £12000

I am too positive to be to be doubtful, too optimistic to be fearful and too determined to be defeated.
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# 16
NinjaSavingKat
Old 02-10-2012, 10:45 AM
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Okay I just had to share how I "possibly" made some money recently.. some transactions are awaiting "approval" - but one can get a little excited...

  • £9 - checque as repayment from BT that is somewhere in my room that I never lodged.
  • £10 - Ebay sales secured last night.
  • £16.20 - Fatbrain book buyback.
  • £29.70 - ( plus £5 October offer ) book trade-in...
  • £13.79 - Nationwide pennies in other accounts...
  • £12 - return product to company that I forgot about ( may not get this as its passed its 30 day return policy but I wrote a nice note )..
So there you go - fingers crossed for £90.69 return. Not bad for a snuffle round my room for "pennies"...
And I got more bits to sell on Ebay... just waiting for a "free inset" weekend...
Travel Savings Fund ; £10200 CASH (£4750 SPENT) / £12000

I am too positive to be to be doubtful, too optimistic to be fearful and too determined to be defeated.
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# 17
Countingdownthedays
Old 02-10-2012, 11:28 AM
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Quote:
Originally Posted by NinjaSavingKat View Post
So there you go - fingers crossed for £90.69 return. Not bad for a snuffle round my room for "pennies"...

And I got more bits to sell on Ebay... just waiting for a "free inset" weekend...
That is flippin' ace!
CC1 = £10,323 £10,183.69
CC2 = £8,437 £8,200
Loan = £3200 £500
Total = £21,960 £18,883.69

£10/day challenge: £10
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# 18
Countingdownthedays
Old 02-10-2012, 11:31 AM
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Quote:
Originally Posted by NinjaSavingKat View Post
I think on my last check my debt per month is about £1147 or £37 a day. Breaking it down into days is preventing me from buying myself breakfast etc.. even that 80p is costs!
Thank you so much for this tip, I have just done this and somehow a daily target seems so much more achievable than the monthly one!!
CC1 = £10,323 £10,183.69
CC2 = £8,437 £8,200
Loan = £3200 £500
Total = £21,960 £18,883.69

£10/day challenge: £10
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# 19
NinjaSavingKat
Old 02-10-2012, 11:31 AM
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CDTDays.. thanks for that... you got a similar amount to me! Go see whats lurking for a "£5 for everything" sale on Ebay in your house..

I just thought very hard and found another 7 items - just can't wait to get home and take pictures of them... lol!
Travel Savings Fund ; £10200 CASH (£4750 SPENT) / £12000

I am too positive to be to be doubtful, too optimistic to be fearful and too determined to be defeated.
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# 20
Countingdownthedays
Old 02-10-2012, 11:58 AM
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I certainly will do!! You have inspired me!
Tonight I am washing and ironing my daughter's old baby clothes *sniff* to sell at an NCT sale this Saturday. The comission is higher there (being a charity and all) but the price per item is higher than bootfairs so I think all in it should work!

Also just had a quick check on my gas and electricity bill and I am £132 in credit yay, so just have to decide which lucky credit card gets the extra money :-)

How much I am waiting for the day when that extra £132 will be more of a question of, weekend break or shiny new shoes :-)
CC1 = £10,323 £10,183.69
CC2 = £8,437 £8,200
Loan = £3200 £500
Total = £21,960 £18,883.69

£10/day challenge: £10
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