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The Debt Free Birthday Club Challenge!

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  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    paid another £205 - edging closer very slowly! Hopefully new job starting soon and will be able to blitz the debt - but even that is likely to take around another year of payments!

    In the last 12 months have paid off nearly as much as I have earned however so that is great testimony to our improved money management capabilities LOL
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    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
    Well done savingholmes!

    I am now under £3000 owed, and am seeing the light at the end of the tunnel. It's going to be tight to repay it all by the end of the year, but I'm up for the challenge!
  • Woowoo
    Woowoo Posts: 4,603 Forumite
    That's amazing flying_fresian, to be debt free by the end of the year is so exciting, I am very jealous (in a nice way of course!).

    I am under £15,500 now (started at £18,650.47 in Aug 09).

    Can I change my goal date please? I am now aiming for July 2012!
    LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)

    Barclays: £2,928.34 Lloyds: £2,499.60
    MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00

    Surveys: £6.60/£40.00
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    In the last 12 months have paid off nearly as much as I have earned however so that is great testimony to our improved money management capabilities LOL

    That is great!!
    Well done savingholmes!

    I am now under £3000 owed, and am seeing the light at the end of the tunnel. It's going to be tight to repay it all by the end of the year, but I'm up for the challenge!
    Good news F_F- baby steps!
    Woowoo wrote: »

    Can I change my goal date please? I am now aiming for July 2012!

    You're doing really well Woowoo- keep plodding. Great to see you think you can reduce the date by 3 years- good luck!
    2019 fashion on a ration 0/66 coupons
  • tirlittan
    tirlittan Posts: 3,397 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    Gosh, I haven't been here for ages. Good going everyone! I will update my sig at the end of the month when I've paid instalment of s.loan and can more accurately predict if things are going the right way. I've also got accepted for the santander zero card, but it seems to be a very long winding process and still haven't got my card. Will update soon though.
    DEBT FREE OCTOBER 2012!
    Proud to have dealt with my debts!
  • shrimpy_80
    shrimpy_80 Posts: 1,631 Forumite
    Hi everyone, just wondered how everyone was getting on with the challenge? Haven't posted in waaaay too long but am still very much focused on the DFB goal. I'm definitely on track to pay off the debts declared here by my birthday in November, was really hoping I might have cleared the loan too to be totally debt free, that is looking a little iffy now but never say never!

    Anyway, just thought I would pop in and say hello :hello: and hope everyone is still ploughing on!
    Barclaycard [STRIKE]£7,296.35[/STRIKE] £6134.99 - MBNA [STRIKE]£4,182.88[/STRIKE] £3267.08 - O/draft [STRIKE]£569.31[/STRIKE] £413.59 - Capital One [STRIKE]£1477.55[/STRIKE] £1451.44
    Total debt [STRIKE]£12048.54[/STRIKE] £11267.10 6% paid
  • mooomin
    mooomin Posts: 13,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Hi Shrimpy :D

    I haven't posted for ages either....:o

    I am now just under £2,000 owing (:j) and have six months to repay this - works out at about £350 per month to repay, and I think I will be on target for this if all goes to plan :T

    How is everyone else doing?
  • Hiya, I have never come across this thread before but would love to join in, need to calculate exact debt but would love to be debt free my June 2011 - My 26th birthday :-D xxxx
    :j6 debts cleared since joining MSE:j
    :eek: Remaining debts... Very / Halifax Loan/ A&L / Virgin cc / Lloyds / Sister :eek:
    :smileyheaGetting Married 04.12.10 - The MSE way :smileyhea
    :dance: Making this house a home :dance:
  • shrimpy_80
    shrimpy_80 Posts: 1,631 Forumite
    Well done F_F, I have lurked on your diary recently (kept meaning to pop in and say hello - very rude of me to lurk!) and you are making fab progress!
    Barclaycard [STRIKE]£7,296.35[/STRIKE] £6134.99 - MBNA [STRIKE]£4,182.88[/STRIKE] £3267.08 - O/draft [STRIKE]£569.31[/STRIKE] £413.59 - Capital One [STRIKE]£1477.55[/STRIKE] £1451.44
    Total debt [STRIKE]£12048.54[/STRIKE] £11267.10 6% paid
  • mooomin
    mooomin Posts: 13,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    shrimpy_80 wrote: »
    Well done F_F, I have lurked on your diary recently (kept meaning to pop in and say hello - very rude of me to lurk!) and you are making fab progress!

    Pop in and have a cup of virtual tea sometime :beer:
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