Newbies' 10K in 2010 Challenge!! :)

webitha

Amatheya81 wrote: »

I'm including my normal payments as well which means I should be able to knock about £4,500 off my £10k. Sounds good to me but that still leaves £5,500 to find *gulp*

Roll on the first :T

i too am including my normal payments, and i just worked out that to clear all my debt, i would need to pay and extra £12 per day, every day, on top of usual payments, which sounds a bit more managable, than £363 per month (even though it the same) :rotfl::rotfl:, but that is just for the debts and not the savings part lol.

what i am going to do, is pay it off every 3 months, so save the money in a pot or something, then every quarter into the bank and then pay it off iyswim, so i could only be 4 payments away from debt freedom, see this challenge is getting easier :rotfl::rotfl::rotfl:

just got to find that £12 a day now :D:D

vampirotoothus

Hi

well i've been looking around the forums and decided that for me there are 2 others which will help me focus on doing this. The first is The Itemiser where you basically work out what your debt paid for and then pay it off an item at a time, so finally you know that you own the things that you look at every day. Secondly I'm going to sign up for the Payment a Day challenge, which encourages you to make a payment no matter how small. As they say every little helps.

Good luck everyone. Janey

lamarsi

the itemiser sounds good although my memory is so rubbish i'd never manage to do it personally good luck though!

peetzil39

Have just sat down with my DH and gone through the 'budget planner' - we were sitting all smug when the figures came out as 'congrats you have balanced your budget, you spend LESS than you earn' when we realised that we had put our food and fuel bills down as weekly amounts but in the 'monthly' column - arggggg that put us firmly back in the red :-( however, we went through every single item again and managed to shave bits off here and there, so that we are now £5 per month in the black - Hurrah!!! Goodness only knows how I will manage 10K on top of that lot, but I am a trier ( yes my OH says I am very trying) LOL!!! Think I will try the Payment a Day challenge as well, it sounds good - thanks Janey x

webitha

well just robbed OH of change :D (weeeeell he dont like having change, and that has given me another £20 in £1 to be bagged and put to the total, which i will add up next week, put them through my account, then withdraw it and put in my tin

Poorbuthappy55

Hello
Please can I join - £10K would be a breakthrough for me. I will have to try really hard to manage it though but here goes .....

sickandtiredofdebt

Hi there, i would love to join in this challenge, i have just over 10k to get rid of and would love to do it in a year. As you can see i should of been debt free next year and woul be great to do it.
Really looking forward to it!!!!! :j

Lookingtothefuture

Not long to go now guys! Excited!:j

oneeyedandgreen

Hey, I'm going to join this challenge!

I will definitely not make 10k but every little helps. I'm going to include the £70 a week I earn from my part-time job(is that cheating...?) but obviously not my student loan which is my main source of income.

Good luck everybody

Nottoobadyet

How sad is it that Im psyched for this? Since none of my debt has minimum repayments, I'll be counting everything I put aside towards the total. Now just waiting for the first DD to leave on the 1st of January...