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

MrsPorridge

Ohhh - please count me in. I would like to get rid of my credit card debts which is just shy of the £10,000 mark - so I'll put myself down for the £10,000.

eagles74

Hello everyone,

I would like to join please. I have read the present challenge and am amazed at how well people have done, so please put me down for £20k.
That would clear my debt, just. Its the goal and kick up the bottom I need.

Good luck everyone, and I look forward to reading about everybodys progress.

Eagles

pania

count me in to debt freedom!!! 21k for me please.

After a year of falling commission, falling salary, falling off the wagon adn slightly on the odd occasion increasing debt 2009 IS going to be my year. and with the influence of the wonderful hypno behind me why the hell not!!!

Good luck everyone.. Lets go!!!

jazzypinkpuppet

Oh I would love to join, I am going to set my target at £8000 which would get rid of all my credit card debt.
Thanks for setting this up, it is just the motivation I have been looking for.:T

hypno06

pandapaws wrote: »

(gulp)

I'll join you with the 30k Hypno. I'm still aiming (and roughly on target for) £70 a day which is just a little over £25k, so this would be an extra push.

We're just counting actual payments made (less any extra debt we may take out for any reason), right? So if you pay £100 off a card, but get charged £20 interest later in the month, that's £100 towards the target, not £80? But if you pay £100 and then re-spent £20 on chocolate that would only be £80 towards the target? Sorry for being a stickler, but I remember at the start of last year's challenge loads of people were asking the rules. I could easily pay off £50k if I was allowed to exclude any additional spending but that would defeat the object somewhat!

Thanks for setting it up.

Will update properly later - supposed to be working right now.......:o

I do mine so that I am paying off the actual capital from the debt, so for me if I pay £100 but have £20 added on in interest, I only count £80 as having been paid. That's the way I have always done it, so I will continue doing so that way.

BUT if you want to do it so you count your total payments, that is fine by me! The main thing is that we each achieve something - for me, If I paid off everything today, I would have to write a cheque for £41k or whatever my signature says......By Christmas next year I want that figure to be £11k maximum.

Don't know if that makes sense, but like I say, the rules are yours to decide what will motivate you most. If I added in the total of my interest etc i would probably be paying £35k and that gets a little more :eek:

Will update names and targets later x

lizzie4785

Can I join in please?? :j

I'm going to set my target as £8,000 please. My debt is quite small in comparison to alot of people on here so I feel it would be silly for me to go for 20K. Plus in my present circumstances I feel this would be impossible to achieve.

So by aiming for £8,000 I will be debt free, saved for Christmas and my spree at the Clothes Show Live in 2009, and maybe even have some left over for a holiday in 2010 :j :j :j :j :j

I think I'm excited already :beer:

Much Love

Lizzie xxxx

Different_Corner

Hypno
I joined this challenge last time (I was a different person, different life, different ID) then my world was turned upside down. Things are slwly but surely settling down so I seriously need to buckle down next year, I am still multi faffing at the moment.
So put me in for 10k, thats just over a third of my debt.
I need nagging though....

needtopaymydebts

I wish i could say £20,000 as that would clear my own personal debt and also my husbands but in order to pay off my CC and my car my total debt is around £5500, so, I think i'd just like to aim for this to begin with. I can always carry on once ( if ) I hit my target. This is the debt that I have in my name rather than jointly with my husband so i'd rather set something that it fairly achievable. The only other debt that is solely mine is my student loan and from everything that i have read it seems a bit pointless paying this off.

I'm looking forward to getting rid of it all a lot earlier than minimum payments!

lunar

can i join with the aim to be debt free? ill need to pay 15k by the time it gets to jan 1st. dont know what ill manage as im on maternity pay untill october!

hypno06

lunar you are so good at this I have no doubt you will be debt free by October!