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

penguin83

Im in too please Hypno - 15k for me please.

Eek! x x

fairbel

Hi Guys

I took a sharp intake of breath when I saw this target... It seems so scarily huge, and I know what sacrifices it is going to mean (You know, even those little ones when you're soooo tired after work and it would be so easy to buy a £3.99 ready meal as you wander past the supermarket, instead of the relentless, but much cheaper, cooking from scratch, which works out at 80p a meal or something close, and you know it makes sense but it's raining and you're knackered....) .

But those sacrifices really do add up to a big difference, and I know it's worth it, so...., gulp, sign me up for this enormous challenge too.

I hereby declare that I will have paid off (at least) £20000 by Christmas 2009.

(and I'll still have a little more to do after that, but will be WELL ON MY WAY, so that will be amazing!!!)

Thank you for setting up this challenge - the support is crucial. Couldn't even imagine doing it alone.

xx

Piquant_2

Having a dither about this one! I've divided my debts into two, I'm just dealing with the credit cards for now. I'm not sure I can make the £20k, but there's no punishment for not quite making it, is there?:D

Right! Decided! Put me down for the £20k, any extra off the debt is a bonus...

Piq

looktothefuture

Sign me up for £8k please I know we are aiming for £20k but realistically, there is no blinking way I can do that much! :eek:

£8k is probably a little optimistic considering my snowball said I'll be debt free in 2011 by hey... I'm up for the challenge!!!! :cool:

fairbel

I've reassured myself that this works out at £55 per day (give or take a few pennies), and that feels more manageable.

I think that is the approach I'm going to take - to make a payment of £55 each day, either directly to a credit card, or into a separate account to accumulate £1650 per month to overpay a loan at the end of the month.

Boy this is challenging..... Extra part time job anyone?

determinedtodothis

We Can do it! i know we can!

(sorry i'm on a bit of a high over MSE after ading up what ive had achieved so far don't mean to be annoying!)


:j :j :j :j :j :j :j :j :j :j :j :j :j :j

geranium72

You know what - I'll have a go

Put me down for £20k

pandapaws

(gulp)

I'll join you with the 30k Hypno. I'm still aiming (and roughly on target for) £70 a day which is just a little over £25k, so this would be an extra push.

We're just counting actual payments made (less any extra debt we may take out for any reason), right? So if you pay £100 off a card, but get charged £20 interest later in the month, that's £100 towards the target, not £80? But if you pay £100 and then re-spent £20 on chocolate that would only be £80 towards the target? Sorry for being a stickler, but I remember at the start of last year's challenge loads of people were asking the rules. I could easily pay off £50k if I was allowed to exclude any additional spending but that would defeat the object somewhat!

Thanks for setting it up.

sarahs999

I'm quite excited now, though I have no idea where this money is supposed to come from... I already work full time, as does DH, and I have my own cake business too. I guess more selling on ebay and amazon.

And robbing banks.

determinedtodothis

I feel a bit like that but i've joint Quidco and got £60 for free clicks and buying my contents and pet insurance which i should get soon so now i've only got to get £19,940! *LOL*

I'm going to be ebaying,quidco-ing and cutting back like there is no tomorrow!