Newbies' 10K in 2010 Challenge!! :)

tlc123_2

One month to go!!!

webitha

Chriscjc2002 wrote: »

Hi Webitha, welcome to the challenge, 5k of savings!!! Jesus that would be nice!! – now I AM dreaming lol! …..one day ….

yeah well ive been here a few years and it taken a long slog to be able to get down to 5k, but dont worry you will get there too one day

i have already started to enter as many comps as poss ready for selling in jan, as i cant really start til then, so cudos to those that have already started

shadydaz

Sig updated with starting figures. Savings are what is already put by to settle loan in Oct.

bigbeff

I don't know if you guys have started already or are waiting until the end of Dec, but by the looks of it, I will hopefully have knocked £500 off my debt by new year (have done some extra work which I will get paid for in the last week of Dec, just before payday so that will go straight off credit card!) Not sure how I can keep it up, going to keep up with free scratchcards, try some competitions (although I am not very lucky!) and ebay, carboot etc although again I don't know what!!

Hope all is well and you all have a good couple of days

spykey_uk

I'd like to join too if that's ok? I have around £8,000 to clear and £2,000 to pay towards our wedding, so that would be perfect!

Ooh I'm looking forward to this, what a challenge it will be! x

studiorex

I was recently given a full and final offer from Lloyds - pay £5,600 and we'll waive the extra £4,300. Unfortunately I couldn't take them up on this, but if I save hard I might be able to do something similar by September. Effectively clearing £10,000 of debt.

Would this count in the spirit of this challenge, and could others think along similar lines?

I do recognise my debt and my obligation to pay it back, but if banks are willing to reduce the amount I owe, I am too happy to take them up.

shadydaz

studiorex wrote: »

Would this count in the spirit of this challenge, and could others think along similar lines?

Of course it counts!!

shadydaz

Chriscjc2002 wrote: »

…..sounds like I should be asking Shadydaz for some pointers?!! hehe

I could give you some, but that would make me an accessory..:rotfl:

tlc123_2

my plan...

i'm gonna update my sig and will prob do the same as Shady and save up so I can pay off in a lump sum (theoretically). I've picked the worst year to do this...wedding, honeymoon, friend's wedding in cyprus, about 5 hen dos....hmmm...

Think I'm gonna get myself on the increase your income forum for some inspiration!
T

Amatheya81

Hiya,

How's everyone doing? Has anyone else started yet?

I've been at the calculator again... Did a payment prediction for my debt (Like a snowball calculation but a little more accurate) I find it good to know when my debts will be paid as a worse case sinario. My worse debt, my loan which costs me over £350 per month, will be paid in 3 years and 3 months. I can't tell you how much I'm looking forward to the day when I don't have that chunk of money comming out of my account anymore!