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

penguin83

Ok I am declaring at

£13624.71

so close to my target but I am not making anymore payments before 1st Dec so extra determined to make it next year!

Huge well dones to everyone the figures are brilliant x x x x

hypno06

Well done penguin :T

Total declared so far:

£215,856

Guesty6

I believe my final total is £8830, not great but working in Sales the Recession has hit my pay hard this year!

In 2 years I have paid back around £21k now so very happy with that, will be debt free by Feb 2010 but am going to set a Pay Off & save target in the new thread

:beer:

BabyBetty

hi Hypno, I am ready to declare

Since the start of the challenge I have paid off

23,749.81 :rotfl::rotfl::rotfl::rotfl::rotfl::j:j:j:j:j

This challenge has helped me to stay focused even though I did increase my debt part way through. By the end of December I will be celebrating going under £20,000.

2010, is the going to be the year I become debt free:D

Hypno and everyone on this challenge Thank you:beer:

BB

hypno06

Well done on such a phenomenal amount babybetty!

sarahs999

Amazing stuff all of you. Please tell me how you acheive such huge amounts! Are you all on incredible salaries? I need the secret as I'm signed up to next year's challenge!

macgirl

Wow - Well done Everyone :T:T:T:T
It's very inspiring stuff. I've signed up for next year's challenge and if I do half as well as you guys I'll be a very happy bunny!

terakris

Well done everyone, its great to see so many fantastic amounts being wiped off debt... yay for everyone!

hypno06

sarahs999 wrote: »

Amazing stuff all of you. Please tell me how you acheive such huge amounts! Are you all on incredible salaries? I need the secret as I'm signed up to next year's challenge!

It's just down to determination, and effort - joining in the £10 a day challenge, for example, can bring in about £3500 extra cash - throw that straight at the debt and it makes a big difference.....trim the grocery budget by £10 a week, and that is another £500 you can throw at the debt.......

Cut your present/entertainment budget by £10 a month and you have another £500 towards the debt.....

So, all that is on top of your normal monthly minimum payments - you can see how much of a difference it can make - and if you are working by the snowball calculator, it makes more of a difference as you keep making the same payments to the debts!

Anything is possible........!

Karmacat

sarahs999 wrote: »

Amazing stuff all of you. Please tell me how you acheive such huge amounts! Are you all on incredible salaries? I need the secret as I'm signed up to next year's challenge!

Mine's a shade under £10k, and its abour 40% of my salary - about a quarter comes from cashing in an ISA, the rest is normal repayments, which come from income and dfw work - anything from mystery shopping, free bingo, amazon sales, anything I can lay my little paws on.....