NEW - pay off £20,000 (ish) by Christmas 2009

anh1904

OK, I'll trawl through some of the extra income ideas, then set a realistic (but challenging) target. Think with current repayment patterns and interest, I struggle to reduce debt by £400 each month, a few 0% deals would help, but as they have seemingly dried up, it's a case of "we are where we are".
Have over 15000 nectar points though, so could see if I could live on that for the month, would be some sort of kick-start!

miss_corerupted

just paid an extra £25 off my credit. Rang Direct line and they owe me £136 so when that its my bank i'll pay that off My CC as well.

Still have to really up my game to hit my target. Ebay here i come!!!

lemma1968

Another £50 to HMRC today. I don't feel i will ever get there.:rolleyes:

Hope none of you had any major troubles today with the weather...or anything else.

Stay safe in this brrrrrrrrr cold weather x

debt_free_me

Found a savings account statement that I was using last year and has £8.39 in there which is interest from when I was saving. As it will cost me in petrol and parking to go get it out and put it in my ISA (I have to go to the branch to get it out) I will start off my moving out fund instead :j

elsie52

Its the 3rd of the month......yipee

Another payment off our debt....only another 2 years and 9 months to go. !:eek::eek:

Jacks_xxx

We've just made the regular payment of £280 so far as I am currently in negotiations with our lender to reach an early settlement figure. We're hoping to agree on anumber roughly equal to this months wages, my "doing the house up" savings and Hubby's redundancy money - such as it is. :rolleyes:

They still need to come down a bit morethough, to make it possible.

If we can come to an agreement with them, then we'll be debt free. (Apart from the mortgage) which will be very strange indeed. :eek:

I'm not sure if I can do this though- cos we want it more than they do - but the loan has 4 more years to run, and I'm a good negotiator (With our debts I've had some practice! ) so we shall see.

To answer some of the questions I've seen asked on this thread:

Our extra money comes from extra jobs and from cutting down our expenses.

The debt in the first place came from living a very nice life with two cars, shiny phones, lots of nights out at gigs and restaurants and villa holidays - plus suitable outfits for all of the above - and some private medical expenses of mine and Hubby working for himself not working out as well as we'd hoped.

The reason we're able to pay off huge debt amounts now is because we have a different life. A better one in many ways.

It's up to each individual person how far they take it - I am not the frugallest of them all by any means but I am (now ) good at money management. Mainly cos now I do some, and before I didn't do any at all.

I think the most important thing for me is that my spending now reflects my priorities, and who I am as well as my budget. A lot of it before was just habit and doing what my friends did. I don't actually care that much about cappuccinos, clothes, cars and phones...

Anyway,

I am procrastinating - eBay packing awaits me!

yay. :eek:

Have a great day!

Love Jacks xxx

lauradora

Very well said Jacks!

regular loan payment £209.87 went out yesterday....only regular payments going at the minute...trying to get more momentum honest

Total paid so far this year £419.74

kashton_2

Only £5 today but i am waiting for next week when i am hoping to pay off at least £1000. Got some 0% deals i am waiting on as well. roll on the 11th!

mumofcookers

Morning all.
I have not posted for a while, it's been a really hard month!
But I have paid £30 off my Egg card.
Hope everyone has a good day!

mumofcookers

I have just noticed that the £30 today takes me to just over £1000 that I have paid off since starting this:j :j :j