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The Debt Free Birthday Club Challenge!

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Comments

  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wow zigmeister - that sounds fab! Well done!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • mooomin
    mooomin Posts: 13,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    panambi wrote: »
    Need to do more ebaying as well, will give the turbolister a try and copy your system F_F (hope you don't mind). Only ever used the turbolister once, not sure how to use it properly so that the descriptions are formatted - need to read up on it.

    I find it really straightforward to use. Last time I listed a lot of things (A few years ago) I think they used to charge you to use the Designer tool, but it's free now - or seems to be :rotfl: That lets you use backgrounds and so on and makes your auctions look a lot nicer in my opinion.

    Best of luck!
  • LondonAndy
    LondonAndy Posts: 1,326 Forumite
    Hopeful34 wrote: »
    I'm going to try to see it as a fun challenge to cut back to the bare bones.

    Hey Hopeful34. That's the way I look at it.I like saving money by thinking "don't need that item of clothing / CD / book / can of diet coke" and chucking it at the debts ! And seeing stuff go on e-bay you thought was useless is always fun too...

    Good luck with you're new date !! :cool:
    Debt Free 25th August 2010 with PAD !!
    TARGETS : :D:D
    Save 12k in 2013: #068 : £7,305/£12,000
  • sazzab
    sazzab Posts: 44 Forumite
    Hi FF,
    Thankyou so much for your invite on my first post. It's so lovely to see people who just go "yeah I know where you're coming from - I was there too". It's a huge huge relief.
    So, here I am. I came up with the challenge today at work and worked out it's 440days tomorrow until I hit 40 and I want to be rid of £11417.99 by then (August 24, 2010). If I could do that *and* have money left over for a gin on the day that would be fab :)
    Thanks
    Sal
    PAD: June - £24.00
    TARGET 1: Homeloan - [STRIKE]£3327.84[/STRIKE] £3243.97 / TARGET 2: Barclaycard - [STRIKE]£5340.15[/STRIKE] £5092.90 / TARGET 3: Overdraft - £2750.00
    LIGHTBULB MOMENT - approx 11am, Tuesday 9th June, 2009 / TARGET DATE: 24th August, 2010
  • mooomin
    mooomin Posts: 13,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Hi and welcome sazzab hellowave.gif

    I will put your debt-free date on the 2nd post with all the other challenge members.

    As you're new to MSE you might want to check out Post #1 as I put links to all sorts of useful things, including my favourite thread, A Payment A Day :D That thread is the reason I am down to one debt - according to today's snowball figures I should be debt free a month before my 30th birthday! HSstars.gif

    Good luck and well done on your LBM (Lightbulb Moment) brightidea.gif

    f_f cow.gif
  • tirlittan
    tirlittan Posts: 3,397 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    Hiya all.

    Please can I join your challenge as well? I love my 15K Paper Hat Challenge and shall stay over there too, but I think this is the more realistic one for me at the moment.

    My DFD date at the moment is August 2012, but in August this year when I've gotten rid of my last CC, I should be able to bring my DFD to February 2012, and as this is Debt Free Birthday Club Challenge, I thought I could try to bring it forward another 3 months, so I would be debt free by my 33rd Birthday in November 2011. Well, that's the challenge anyway!

    Oh yes, I owe £12,162.05 at the moment, but this is likely to be slightly higher as my student loan is in euros and I don't get any statements and I'm still trying to pay off interest on it. Will update when I know better.
    DEBT FREE OCTOBER 2012!
    Proud to have dealt with my debts!
  • howskint?
    howskint? Posts: 96 Forumite
    Part of the Furniture Combo Breaker
    Well I've just got out all of my paperwork and double checked my figures and I actually added it up wrong the other day and owe 7556.59:mad: so slightly worse than I thought. Really frustrated that I can't do alot until I'm back at work after my maternity leave but don't want to wish my last couple of weeks off away!
    Hoping to clear Next at the end of this month though and then start working on TSB and Debenahms - the others are interest free though do feel guilty owing Mum and Dad money but they know things have been tough as since I've been on maternity leave OH has lost all his overtime and had his hours cut so all in all between us we've had a paycut of about 1400 a month, which is why we've got into this mess!:mad::mad:
    Anyway - enough waffling - better go and entertain the kids!
  • mooomin
    mooomin Posts: 13,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    tirlittan, that's you added!

    Welcome :D
  • mooomin
    mooomin Posts: 13,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    howskint? I have now updated your total, it's only £6 so don't be too upset!

    You will soon be debt-free!
  • Hi and welcome sazzab hellowave.gif

    I will put your debt-free date on the 2nd post with all the other challenge members.

    As you're new to MSE you might want to check out Post #1 as I put links to all sorts of useful things, including my favourite thread, A Payment A Day :D That thread is the reason I am down to one debt - according to today's snowball figures I should be debt free a month before my 30th birthday! HSstars.gif

    Good luck and well done on your LBM (Lightbulb Moment) brightidea.gif

    f_f cow.gif

    Well done f_f. That's fantastic news for you!!!! :beer:
    LBM February 2008. DFD March 2013 19 August 2011
    Debt at LBM £14,395.48. Debt Now £0
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