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

taxi73

unixgirluk wrote: »

Another 14.79 for me. Payments might slow some what as I've just been made redundant.

Sorry to hear that....hope you manage to find another job soon

mel19632

Hi unixgirl - sorry to hear that. have you started looking for anything new yet? any luck with interviews?

I don't think we will have any more payments with month so my cumulative total to March is £8,766.

lemma1968

So sorry to hear your news unixgirl. Hugs to you.

I have paid off another £115 today and updated my sig.

I was hoping that setting the total at £30k would mean that I clear off all my debt this year, but with the interest and surcharges etc its not going to do it. I really don't want to up my target cos i want to succeed at this to keep me motivated and moving the goal posts even further away may have the opposite effect.

I will keep the goal as it is, then anything i pay over and above that (if any, realistically:p ) will be a bonus.

Have a good day everyone xx

taxi73

Another £196.60 today for my loan...so updated my sig.

sarahs999

£13 off Barclaycard (this month's minimum payment). Much more to come - going to try to clear the balance this month as it's just gone from 0% to 17%!

Batfink

Hello all,

Having received notification of my savings interest rate going to an astonishing 0.25% gross yesterday I re-read Martin's article on using savings to pay off debts and wondered what other people have done?

I like the security of my savings, mainly so that if I should become unemployed I'd be able to cover all my bills and, for the bulk part, my debt payments. And I would absolutely have to cancel all my cards when I've paid them off as I am extremely weak and would, almost certainly, start to build up a debt again.

So - just wondered really, has anyone else done the same? Luckily, the debts and savings aren't in the same place so at least I'm not paying to borrow back my own money directly!

x

lemma1968

Batfink - its lousy what they have done with savings rates.

I would use the savings to get rid of the debt if I were you cos I am sure you will be being screwed on those and their interest rates are not a lousy 0.25%.

Other than my pension, I am not saving. I want rid of my debt as fast as i can.

Talking of which, I have pad £350 off VAT arrears today.

That means I have managed to pay off about 45% of my target.:j It seems i may be able to hit it in time.

Have a good day everyone x

elsie52

Hi everyone.....

.Hurrah its payday and another £1497 paid off our debt. :T:T Can't wait until next month and we will be below £50k...:j....omg that's still scary,:eek: but not as scary as it used to be.:eek::eek:

hypno06

Well done to everyone for their March payments, however big or small - they are all helping to get us where we need to be......and in these very trying economic times, that is no mean feat, so give yourselves a pat on the back for good work done so far, and be proud of yourselves!

I truly hope that those looking for jobs find something very quickly.

Just £15 to report for me today - my normal payments will come out next week which will help my total a bit, but I think I am still someway short of where I should be to hit my target. Still - all heading in the right direction so I won't complain!

sarahs999

I'm so excited - my DH is getting paid £500 for some extra work - and he's going to put it all to pay off the barclaycard! He's definitely had a lightbulb moment! Which means no interest happening on the card, and down to just two ccs. WOOOOOO!