Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • muppets
    • By muppets 13th Dec 16, 8:02 PM
    • 650Posts
    • 4,753Thanks
    muppets
    Pay ALL your debt off by Xmas 2017
    • #1
    • 13th Dec 16, 8:02 PM
    Pay ALL your debt off by Xmas 2017 13th Dec 16 at 8:02 PM
    Welcome to PART 1 OF Pay ALL Your Debt Off By Xmas 2017!

    Firstly I would like to welcome all new and existing members from last years thread.

    Anyone is welcome to join this challenge and it is NEVER too late. There is also no amount of money too small or too large that will stop you from joining this challenge. We have several members who will be on their debt journey for several years to come, but they are part of this thread to pay off a fixed amount of their debt as the support on here is fantastic!
    So, if you think you can pay off all your debts by Christmas or have a goal to pay off a certain amount then please join in!

    This challenge runs until 27th December 2017.



    To help me run this thread easily, could you please all post your totals in large text and in a bold colour and post the amount you have paid off // target amount

    It would also be a big help if you could also put with it your challenge number.
    i.e. another £50 paid off so now the total paid off for

    #001 is £315.43/£7685.67
    By the way, don't worry about working out your % paid as I can do that for you!
    Last edited by muppets; 25-12-2016 at 6:47 PM.
    PAYDBX 2017 - #01 Pd £10,446.83 / £11,000 - 94.97%
    SPC10 #93
    MFiT-T4 #9
    3-6 mth EF
    €4,250 / 15,000 Wombles #24 = 540.20
    Mortgage - PD 86,136.83/ 271,495.07 31.72% MF Aug 2038 Sept 2035
    My long slow journey to mortgage freedom
    My diary - Making a move on debt
Page 51
    • Florence J
    • By Florence J 18th Mar 17, 7:55 PM
    • 1,703 Posts
    • 9,584 Thanks
    Florence J
    Credit card statements are through, another £144.72 off the debt so my total now is:

    #53 £566.55/£1500
    Sealed Pot Challenge 10 #553 (£94.58) £1000 Emergency Fund Challenge #253 Wombling free 2017 = £1982.64 Pay off all your debts by Xmas 2017 #53 (£3118.08/£3000) Debt to OH paid back £1146.96/1146.96
    November 2017 Credit Card Debt: £4025
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 18th Mar 17, 8:33 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    Evening everyone,

    #150 checking in with an updated total of £1021.27/£3729.05.
    SPC11 #564
    • kirtsypoos
    • By kirtsypoos 18th Mar 17, 9:54 PM
    • 3,045 Posts
    • 13,519 Thanks
    kirtsypoos
    Evening all!

    #006 checking in with £2280.10/£10000 please muppets
    £250/3000 OH BC(91.66% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £250/31010.23 (99.19% paid)
    Mortgage - £161,000.00 (2017 O/P £2221.94) PAYDBX 17 #006 - £17,309.18/14,539.71
    • Glittery
    • By Glittery 18th Mar 17, 11:56 PM
    • 100 Posts
    • 739 Thanks
    Glittery
    Thanks Glittery but you need a certain amount to live don't you? Food, bills, things break and need fixing so you can not spend but you still need an amount to live and that's how I end up borrowing because I can't actually pay everything without. Will keep trying though
    Originally posted by Blackberrycurved
    Are you struggling to just pay the bills ?
    If so, maybe stop paying your debt down (temporarily), get up to date with your Utilites/Rent/Mortgage etc
    Then when you're sorted, get a little emergency fund in place...so when things break and need fixing it is not a struggle.
    Then start again on the debt pay down once you are in a more secure place.

    No shame in halting debt pay down for a minute.

    Big hugs to you
    12800 to pay off
    £6030.20 to pay off !
    • Blackberrycurved
    • By Blackberrycurved 19th Mar 17, 6:46 AM
    • 42 Posts
    • 456 Thanks
    Blackberrycurved
    It's good advice glittery I suppose I keep thinking if I can get the debts down I'll be £200 a month better off. I only earn about 10k so it's tough
    Blackberry Curved debt free 2017 number 59 £2449/£5997
    • muppets
    • By muppets 19th Mar 17, 10:23 AM
    • 650 Posts
    • 4,753 Thanks
    muppets
    Hi!
    I know I'm a bit late, but please could I still join? I have been trying to sort myself out this year and I'm determined to do pay it all off by my 30th birthday which is end of the year so this would tie in great and hold me accountable!
    I've paid a fair chunk off this year so far, but my current official balance as of today is £7,126.98.
    Thanks
    Originally posted by xbethanyx
    Morning xbethanyx and welcome. You are # 143
    PAYDBX 2017 - #01 Pd £10,446.83 / £11,000 - 94.97%
    SPC10 #93
    MFiT-T4 #9
    3-6 mth EF
    €4,250 / 15,000 Wombles #24 = 540.20
    Mortgage - PD 86,136.83/ 271,495.07 31.72% MF Aug 2038 Sept 2035
    My long slow journey to mortgage freedom
    My diary - Making a move on debt
    • muppets
    • By muppets 19th Mar 17, 10:34 AM
    • 650 Posts
    • 4,753 Thanks
    muppets
    Are you struggling to just pay the bills ?
    If so, maybe stop paying your debt down (temporarily), get up to date with your Utilites/Rent/Mortgage etc
    Then when you're sorted, get a little emergency fund in place...so when things break and need fixing it is not a struggle.
    Then start again on the debt pay down once you are in a more secure place.

    No shame in halting debt pay down for a minute.

    Big hugs to you
    Originally posted by Glittery
    It's good advice glittery I suppose I keep thinking if I can get the debts down I'll be £200 a month better off. I only earn about 10k so it's tough
    Originally posted by Blackberrycurved

    I Agree with Glittery.

    I listen to Dave Ramsey, he is a bit full on sometimes, but he does these things called the baby steps.
    Before you begin you need to make sure you are current on Utilites/Rent/Mortgage etc.
    Look after the 4 walls, Food, electric/gas, rent/mortgage and fuel/ car payment/insurance(if you pay monthly)

    Then Step 1 save an emergency fund of $1000 (I think this is too much but save a small amount that makes you feel comfortable)

    Step 2 pay down any spare money at the debts.

    Step 3 3-6 months emergency fund.

    There are more steps but they come after.
    PAYDBX 2017 - #01 Pd £10,446.83 / £11,000 - 94.97%
    SPC10 #93
    MFiT-T4 #9
    3-6 mth EF
    €4,250 / 15,000 Wombles #24 = 540.20
    Mortgage - PD 86,136.83/ 271,495.07 31.72% MF Aug 2038 Sept 2035
    My long slow journey to mortgage freedom
    My diary - Making a move on debt
    • muppets
    • By muppets 19th Mar 17, 10:48 AM
    • 650 Posts
    • 4,753 Thanks
    muppets
    Front page has been updated.

    Everyone is doing a fab job paying down their debts. No matter how big or small the payments, just remember you ARE getting closer to debt freedom.

    I do subscribe to some of your threads (I don't always post) but I do read the struggles and strains some of you go through. Every payment post I see puts a smile on my face.
    PAYDBX 2017 - #01 Pd £10,446.83 / £11,000 - 94.97%
    SPC10 #93
    MFiT-T4 #9
    3-6 mth EF
    €4,250 / 15,000 Wombles #24 = 540.20
    Mortgage - PD 86,136.83/ 271,495.07 31.72% MF Aug 2038 Sept 2035
    My long slow journey to mortgage freedom
    My diary - Making a move on debt
    • parsniphead
    • By parsniphead 19th Mar 17, 12:16 PM
    • 2,239 Posts
    • 14,228 Thanks
    parsniphead
    It's good advice glittery I suppose I keep thinking if I can get the debts down I'll be £200 a month better off. I only earn about 10k so it's tough
    Originally posted by Blackberrycurved
    Its very hard blackberry curved when you earn a low amount. Im on £9600 at the moment and do get down paying off small amount.......but.......we have less debt this month than last.

    Try to keep positive.
    My August to Christmas challenge:.
    Pay off £2500 debt - £1088/2500 43.52%
    Completely declutter the house by Christmas day...all of it.

    Nothing gets better until you get better.
    • dktreesea
    • By dktreesea 19th Mar 17, 5:36 PM
    • 5,552 Posts
    • 8,676 Thanks
    dktreesea
    Front page has been updated.

    Everyone is doing a fab job paying down their debts. No matter how big or small the payments, just remember you ARE getting closer to debt freedom.

    I do subscribe to some of your threads (I don't always post) but I do read the struggles and strains some of you go through. Every payment post I see puts a smile on my face.
    Originally posted by muppets

    Wish I could thank this 100 times instead of just the once.
    • Glittery
    • By Glittery 19th Mar 17, 6:18 PM
    • 100 Posts
    • 739 Thanks
    Glittery
    It's good advice glittery I suppose I keep thinking if I can get the debts down I'll be £200 a month better off. I only earn about 10k so it's tough
    Originally posted by Blackberrycurved
    Totally understand.
    Not sure if you saw me in any other challenges, but I have been trying to pay my debt down a couple of years. Started off with 7kish and then this time 12,800
    There was always some disaster that meant I ended up borrowing more, car crashed (no insurance pay out), lost my job twice, vets bills, and was also on a low income for a good two years.

    Before I came back onto this challenge I scrapped together £500 to put into a savings account (that was tough, I'm a natural spender not saver).
    Funnily enough since having that buffer, nothing has gone wrong.
    It's like the law of sod, if you don't have it, something always goes blimming wrong.

    Anyway, I don't mean to ramble on and make it about myself.
    Just trying to tell you that it's not hopeless, and you will be able to do this.
    Last edited by Glittery; 19-03-2017 at 6:21 PM.
    12800 to pay off
    £6030.20 to pay off !
    • Glittery
    • By Glittery 19th Mar 17, 6:19 PM
    • 100 Posts
    • 739 Thanks
    Glittery

    Everyone is doing a fab job paying down their debts. No matter how big or small the payments, just remember you ARE getting closer to debt freedom.

    I do subscribe to some of your threads (I don't always post) but I do read the struggles and strains some of you go through. Every payment post I see puts a smile on my face.
    Originally posted by muppets
    Love this !
    Thank you for all your support and the upkeep on these threads
    12800 to pay off
    £6030.20 to pay off !
    • arc_cutter
    • By arc_cutter 19th Mar 17, 9:32 PM
    • 42 Posts
    • 389 Thanks
    arc_cutter
    Well done everyone keep going and we will get there.

    Paymentsor me this month so far #03 paid off another £347.39 this weekend.
    DFXMAS 2015 Total £4893.66 / £21,197.29 /23.08%
    DFXMAS 2016 Total £3783.97 / £17626.13 /21.46%
    DFXMAS 2017 Total £2979.41 / £18927.72 /15.74%
    • ThisYear
    • By ThisYear 19th Mar 17, 10:36 PM
    • 6 Posts
    • 55 Thanks
    ThisYear
    #132 This Year checking in with £2137/£8100.
    • Blackberrycurved
    • By Blackberrycurved 20th Mar 17, 12:21 AM
    • 42 Posts
    • 456 Thanks
    Blackberrycurved
    Thanks People. A buffer would be great I have a 3k overdraft which I can never get out of. I'm always at least 2k over. If I could get into the black occasionally that would help. My wages just don't really cover my outgoings and I can't find away to sort that.
    Blackberry Curved debt free 2017 number 59 £2449/£5997
    • Money Rollercoaster
    • By Money Rollercoaster 20th Mar 17, 9:44 AM
    • 246 Posts
    • 601 Thanks
    Money Rollercoaster
    My wages just don't really cover my outgoings and I can't find away to sort that.
    Originally posted by Blackberrycurved

    Have you tried completing an SOA and posting it in the Debt Free Wannabe threads for some specific advice?


    http://www.stoozing.com/calculator/soa.php
    Last edited by Money Rollercoaster; 20-03-2017 at 1:38 PM.
    Living Life @ 174 BPM >> CC Balance (0%) -£3,565.99 - Target DFD Dec 2017 >> Loan (Car) (3.1%) -£19,803.74 - Target DFD Nov 2020
    • Mofette
    • By Mofette 20th Mar 17, 10:46 AM
    • 15 Posts
    • 73 Thanks
    Mofette
    Bit of a spend on CCard so total's gone up, as my wages went down and I had an unexpected car bill . Shouldn't stop us clearing by Christmas overall


    131 Mofette £ £2.976,19 / £ 6.928,94 43,0%
    1 Credit Card: PAYDBX 2017 - #131 £1,692.94/£ 6.928,94
    Next Targets: Grow Pension, Reduce Student Loans, Reduce Mortgage
    • Blackberrycurved
    • By Blackberrycurved 20th Mar 17, 12:09 PM
    • 42 Posts
    • 456 Thanks
    Blackberrycurved
    Money Rollercoaster I'm freelance so no regular income. It's Education based so I'm only working maybe 36 weeks anyway as they don't pay for holidays or sickness. And I keep trying to find something else but it's where my skills are unless I work for £7.20 an hour. Thinks will get better thanks people x
    Blackberry Curved debt free 2017 number 59 £2449/£5997
    • kirtsypoos
    • By kirtsypoos 20th Mar 17, 12:22 PM
    • 3,045 Posts
    • 13,519 Thanks
    kirtsypoos
    Afternoon all

    #006 checking in with £2320.10/£10000 please muppets
    £250/3000 OH BC(91.66% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £250/31010.23 (99.19% paid)
    Mortgage - £161,000.00 (2017 O/P £2221.94) PAYDBX 17 #006 - £17,309.18/14,539.71
    • mummy2threeboys
    • By mummy2threeboys 20th Mar 17, 12:56 PM
    • 641 Posts
    • 5,989 Thanks
    mummy2threeboys
    Rolling in quickly Hope you have a good one thanks muppets. This is the lowest my debt has been in a great deal of years..as in 15. And managed to wipe another month off my pay off date. Into the 3s soon and apprently it really does come down quickly then. The best help for me has been gettng approved for 0% cards and moving them about when the term ends. Pay off all your debt Xmas 2017 Member 42 917/ 4225 (21.7%)
    debts various PAID off £4575:
    total £7681 £3107
    59.56% Debt free day jun 2019 Aug 18

    Pay off all your debt Xmas 2017 Member 42 1118/ 4225 (26.46%)
    No buying Toiletries 2017 134
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

320Posts Today

4,297Users online

Martin's Twitter