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

mel19632

Our total paid of £19k~ is 33% of our joint income. We are on good wages though so i am very grateful of that fact.
Our debt repayments come from having a lodger, being very careful with money (we have a daily cash flow statement to keep an eye on where everything is going and budget for EVERYTHING!), and the usual bingo, mystery shopping etc. Although the MS is not a great money spinner in itself, it saves us a fortune because we rarely go out unless we are doing a shop - so dinner and entertainment money saved!

jexysbird

Our final December paymnet went out today. We didn't make the £20K as planned, but got just over 3/4 of the way! Paid off £15,931.37since 1st Jan 2009, so we are really pleased.

Signing up to next years challenge for 20K again, to start on Jan 1st as no more payments for this month.

Well done to everyone on this challenge!!

greent

..... at £33762 against target of £15k. Off to join 2010's challenge now - we only have mortgage debt at present - I say at present because OH has been made redundant for 2nd time in 7 months - so no payout with this one. Our income is now JSA of £64.30 pw plus child benefit - for 6 of us - eek!

Ah well! We're happy & healthy!:D

sarahs999

greent what a mightmare! And after you've paid off so much as well. Relaly hope your OH finds something quick

julie2710

Have got a bit behind updating but have updated my signature. Think I might not quite manage the 35K by the year end as although I've got my bonus need to put some away for my solicitors fees which I'm not sure how much they will be.
Still not too far off and may get a bit closer by the end of the year yet. The really good thing is I've done a proper SOA recently and I'm now properly in the green!!!! So will be looking to clear some extra off my mortgage next year with a bit of luck as no real other debts to clear and as the boys are still young we can make do with a cheap holiday:D

Batfink

Member number 100 Declaring.

My target was £9229.09, and I've paid off.....
£9229.09

Which reduced my credit and loan debt to zero.
I think most of you already knew this, but it brought a smile to my face just typing it out again.

I'm going to join the challenge for next year now - with my ruddy, ruddy, ruddy student loan.

I still think we're the people responsible for the reduction in personal debt that keeps being announced!

Good luck for next year....see you all there.
x

sarahs999

Well doen Batfink!

Still lots of people left to update. I wonder if it would be worth changing the title of the thread hypno to add 'post your results now' in caps, or something? Might get people's attention?

hypno06

good idea sarahs.........I will do so this evening.

Unfortunately, many of the people on the original list never really got involved in the challenge, and have quite probably moved away from DFW/MSE completely since declaring their good intentions. So I don't expect anywhere near the full number of declarations.

sarahs999

No, I think you're right, but it might jolt some people into telling us what they have managed to do, even if it's not their full target - I don't think many of us reached our full targets, looking at the list.

babyhead

Hello...I haven't posted much on here but I have been doing the challenge!

I'm just waiting for barclays to update their figures from my last payment and then i'll post my total for year! Its not as good as i'd hoped for (20k) but we'll see.

Some good figures - Well done all