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

theskintfamily

£582 usual minimum payments will come out tommorrow, not making much in the way of overpayments just little bits here and there, but suppose every little helps! am finally under the £40k mark , still a long way to go but nice to see the number 3 in the front of my debt total for a change!

joolsybools

I haven't read the whole thread but I wanted to say GOOD LUCK and KEEP GOING. You can do it you lovely MSE people!

Uniscots97

Managed payments of £1600 this month, its so nice to see my debt coming down. Got quidco money due soon so I'll be throwing that at the debt too.

joolsybools

Thats bl00dy brilliant, how do you manage to throw so much at it if you don't mind me asking?

mel19632

Well done skintfamily! Its always nice reaching a milestone! I have started resorting to looking for milestones every month to keep myself motivated (i.e. total amount paid, total amount left, total amount left excluding 0% work loan) - its amazing how many you can find....

My total to the end of August is £17,187 - so just 14% of target remaining.

Batfink - you are not alone on your diet! I am also trying to shift a few unwanted pounds. Let us know how you do xx

mel19632

I like to think this is partly down to us?!

http://news.bbc.co.uk/1/hi/business/8231135.stm

Double_Trouble

mel19632 wrote: »

I like to think this is partly down to us?!

http://news.bbc.co.uk/1/hi/business/8231135.stm

I am sure it is every bit makes a difference and all over this forum there is evidence of people reducing the money they owe :beer:
So go us :j

DTxx

sarahs999

I think certainly a small drop of it is us mel... and of course, for all the people who post on here about what they're doing there are hundreds more who will have taken it on board and decided to do the same thing after reading the thread... let's hope that people never go back to the madness that led us all trillions in to debt.

Uniscots97

joolsybools wrote: »

Thats bl00dy brilliant, how do you manage to throw so much at it if you don't mind me asking?

I got made redundant and have been using my lump sum to pay bills etc. Still job hunting and trying to clear as much debt as possible was also lucky that have had a lot come through quidco I was owed too.

sarahs999

OK, I'm feeling grumpy. I just balance transferred to Abbey from Cap one, which is great. But. In the past month we've put over £1,000 onto our debt through doing up the bedroom, extra holiday expenses, birthday celebrations etc which was a conscious decision but it still feels nasty now I'm looking at the figures. My DH is doing masses of extra work in the next couple of months and reckons there will be about 4k he can throw at the cards, which is nice although realisitically I reckon 3k because things never work out exactly how you think they will.

SO I've started to refocus my aim. At the beginning of the year I had about £11k on cards and I wanted to clear it. Now we have just over £7k again, it's clearly not going to happen by Christmas. So I think I might turn my attention to our joint account, which is generally overdrawn to the tune of £1,000 each month. I think that, given that I've now got two 0% credit cards that won't run out until well into 2010, I should try to clear our overdrafts instead. I've always resisted doing this because it's so easy to go back into overdraft land, but I've decided the way to do it is to save up until I have enough to throw at the account to clear it, just before payday, so we go completely into the black and start the month as if the money has been paid in to an account that was at 0.00. Then we know what we're playing with and know we must just NEVER go into the overdraft again, and if we do we need to rebudget. What do you think?