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

sarahs999

OK. I've just made a payment to Virgin for £242.81 to bring this year's total to:

£7,000 paid off

Which I'm quite happy with. We did spend £1k on a bedroom refurb though so that would have taken a chunk out. I've signed up to next year's challenge for another £10k, which I'm really going to try and reach this time. Full steam ahead!

mel19632

Wow!! Well done terakris!! and to everyone else who has declared so far. I will be declaring in a few days - watch this space x

gailey_2

Feeling bad as kind of lost my way a bit on this challange although it does feel good to tally things up and work out what i paid this year.

I have paid £2440 of my £9000 target this include catalougue, loan, overdraft and credit card.
This pales in comparision to other large amounts everyone else has paid off im amazed how much people paid off, hyno you nearly there!

Its been a hard year but a good year for us as a family had my 2nd child in spetember so had added baby expenses but breastfeeding and using cloth so money saving there.
My toddler turned 3 this year so started preschool so childcare costs have dropped.

At the moment only husband is working , hes lost out on bonus this year so not done too well paying off his debts.

But as a couple we done lots throughout year and think we manage our money a lot better these days and keeping our head above water.

I have engaged in mystery shops, surveys, reveiws ect.
Still ebaying and selling like mad.
despite being heavily pregnant done many carboots and picked up bargains too.

must admit I now shop around for best deals
buy a lot of stuff for kids 2nd hand.

we have switched our mobiles and saved money there.
recently lowed our phone bill/broadband dramatically and saved us £40.
Hubbys going to try switch insurance and save us £10-£20
quit day nursury saving us £130 amonth from january.
hubby gets £80 payrise in jan and possibility of bonus brought back so feel confident we can pay off much more next year.

I intend to get part time job to bring in extra cash, also going to work harder on increase my income ect.

We so fed up of being in debts and want 2010 to be superyear for us.

So i will sign up for next challange and think bigger.

Reading everyone elses stories gives me such hope.
Will be revisiting old style as need to control grocery budget better than we have done.

Also I say this every year but really do need to put aside some money for xmas.

Well done everyone good luck this year and next.
thanks hypno for managing this huge challange.

Earthstrong

Well done every one so far who have declared and to those who have yet to declare.

I have paid off £11, 239.79 so very pleased with this and I too hope next year will be my last year in debt minus the mortgage of course.

hypno06

I'm not going to make any more payments until the start of December, so I declare at £19,207......some way short of my original £30k target but still, I am happy with that, and it sets me up nicely for aiming towards debt freedom in 2010

The first page is updated with those results that are in so far......keep them coming guys!!

mel19632

Final payments have gone out....declaring at:
£18,982 (total capital paid)
£23,319 (total "paid")

Not quite at my goal, but i'm still very pleased!
Next year - target of £25k...gulp!

hypno06

Well done mel and good luck for next year!!

Double_Trouble

Wow there have been some great payments :j:j

Congratulations to all those who have become debt free this year :A

There seems to be a lot of people who will debt free next year too so 2010 will really rock :beer:

I am now ready to decaare for this challenge

I have paid off

£21,459.21:D:D:D:D:D

Nowhere near my original target but with a new car and paycuts that was never going to happen so glad I got over the £20K though I am really pleased with that :T:T:T

Thank you so much for the wonderful support :A and roll on the next challenge I am aiming for £30k so that will be quite a bit more than I paid this year but I shall give it a good go and pray the year goes smoothly

DTxx

Pollydaydream

Well done everyone on some fantastic debt-busting totals :j

Payday yesterday and last payments have gone out, so I'm declaring my total at £10,402.07.

It's a way short of my target, and I have to admit that I could have tried harder, but I've signed up to the new challenge completely determined not to faff for another year.

Thanks to hypno for the challenge and to all challengers for the inspiration.

Polly

hypno06

no, thank YOU polly - it was your idea in the first place :T