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

julie2710

Hello all
Have failed to update anything lately as life has been a bit hectic. Have been making regular monthly payments on my mortgage plus additional payments on other outstanding debts. I have updated my signature and have now cleared over £27K out of the £35K. TBH I am a bit nervous of being able to hit the 35K mark as have now had to put my two kids in childcare fulltime due to the fact that my parents have withdrawn their assistance for the couple of days a week they used to help out. Also, I have had to make myself go out now and then - long story but had done nothing but work and bring up my two little ones for the last 10 months, so have been incurring babysitter fees too, but am feeling good for it, so will not begrudge myself the extra £20 per week that I am paying.
Luckily my mortgage interest rate is now so low I'm cleaing £800 a month off that!

Karmacat

Wow ... thats *very* impressive. And we really do need something in our lives apart from debt repayments!

hypno06

Just £5 to report from me.......

things are def slowing down in the debt repayment area in my house, but as long as payments are still being made, I will be content.......every £1 I pay off is a £1 less I owe!

Earthstrong

£915.00 from me into my savings account and £246.00 onto my credit card.

hypno06

greent wrote: »

Quick update from me - we were on hols at month end, so haven't updated yet. Total now over 30k - more than double my original figure - woo hoo!:j

greent x

That is excellent!! Do you want to start tackling my target too :rotfl:

greent

hypno06 wrote: »

That is excellent!! Do you want to start tackling my target too :rotfl:

LOL! Only made possible by a rather large redundancy payment - and then OH walking straight into a job which pays the same :j

greent x

sarahs999

Ugh, we're going the wrong way. Had to put a few things on the Credit card as we're doing up our bedroom and have NO money to do it. GAH! Starting to accept we won't clear the debts by CHristmas, but will still keep plugging on.

misselvis

Well done folks with the debt repayments the totals are really amazing but I do agree its about moderation and balance and not wholly denying yourself in the quest of debtfreeness.

poohbear59

sarahs999 wrote: »

Ugh, we're going the wrong way. Had to put a few things on the Credit card as we're doing up our bedroom and have NO money to do it. GAH! Starting to accept we won't clear the debts by CHristmas, but will still keep plugging on.

Me too. We are trying to do a barn conversion to make a holiday let to have more money coming in and now we are about to get a new credit card to pay for it :eek: I won't clear my debts for ages yet! Hopefully by retirement age.

£200 paid off credit cards today and £165 paid back to me by DS3 so that can pay off a credit card too.

Double_Trouble

Just checking in with a small £25 of the debt today - they all count :j

DTxx