Newbies' 10K in 2010 Challenge!! :)

shadydaz

Hi WBDF

Personally my total includes interest as is it a fee for buying the money in the first place, thus it is part of the debt in my opinion. To be fair paying off 10G in a year however you calculate it takes some doing (for me anyway) so, as discussed before, it is down to personal choice.

My outstanding debt balances are mainly interest free debts now and just one bank loan. As the interest is already calculated on the loan repayments it is included in my outstand balance.

WannaBeDebtFree_3

Thanks for this lauhen and banwa and shadydaz.

It's not going to make my totals look as good though:(, but at least it's honest!:)

I really need to get more on the 0%s!

shadydaz

I do beleive that when I first had the LBM the "surprize" credit card debt was the first thing I tackled, as the interestwas calculated monthly, this was not included in my overall total, just fixed rate/amount repayment interest. That £20k+ down there \l/ could be rounded up, I still have all the statements :rotfl:

shadydaz

Just obsessing over my spreadsheet for a while. Going to try and scrap a few pennies together and aim for a BIG March. Hopefully by the end of March there will be only ONE debt outstanding (and maybe an O/D). I then need to save up like mad to pay full and final in Oct. Once that is payed, as much as possible last two months into Savings to try and hit/exceed £10k

ragstoricheswannabe

whoo hoo!!! my loan has gone out today so has started my feb ball rolling. my total paid this year is now £932.09

not bad..........................and i havent hit my overdraft wall last month either so feeling very smug.

keep up the good work peeps, some amazing totals coming through.
love rags
xxxxxxx

geranium72

Just updating

Well done to everyone

Had a great month due to a little extra money being received at Christmas

This month have paid off £2488.27 - so this year my total so far is £3522.98

well on track and although this is a long haul - I am finally making our mahoosive debt not as mahoosive :j

Knitty78

Just made an additional payment for £16.90 to the credit card, still not paying off my debt - I use my snowball to tell me how much I have actually cleared and it's still showing a minus figure due to balance transfer fees. However, once this months minimum payments have gone I should start clearing the debt total down. Half my ebay listings finish this evening too so once I work out fees and the postage amounts I will clear that to one of the cards. It'll slowly reduce and this gives me a target to head towards so I am ebay listing like mad at the moment to bring my figures up.

shadydaz

Knitty78 wrote: »

Just made an additional payment for £16.90 to the credit card, still not paying off my debt - I use my snowball to tell me how much I have actually cleared and it's still showing a minus figure due to balance transfer fees. However, once this months minimum payments have gone I should start clearing the debt total down. Half my ebay listings finish this evening too so once I work out fees and the postage amounts I will clear that to one of the cards. It'll slowly reduce and this gives me a target to head towards so I am ebay listing like mad at the moment to bring my figures up.

Good luck with the Ebaying Knitty

shadydaz

geranium72 wrote: »

Just updating

Well done to everyone

Had a great month due to a little extra money being received at Christmas

This month have paid off £2488.27 - so this year my total so far is £3522.98

well on track and although this is a long haul - I am finally making our mahoosive debt not as mahoosive :j

Super Duper geranium72. :beer:

Lookingtothefuture

shadydaz wrote: »

Ok, so taking into account most updated sigs over the weekend and a few posts, our total for January is;

£58006.78.

:j:T:beer:


Well Done Everyone.

Anything now updated I will stick into Feb's totals.

WOW! congrats everyone and a very big WELL DONE! :j:beer:

My little girl is a month old today!:) my how time flys and I haven't had much of a chance to jump on here and update BUT I am still very motivated to get rid of that nasty debt!

So far I have paid off £1441.64...