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The big challenge - pay off £20k by Christmas 2010

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  • Guesty6
    Guesty6 Posts: 136 Forumite
    £565 first loan payment gone, ebaying some stuff this Pm so I dont have to use Overdraft for Xmas presents :money:
    DEBT FREE - FEB 2010 :beer: (LBM £24,000)
    House Deposit 2010 - £2500 / £10,000 Saved
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Well done mel! It is always good to read about another debt biting the dust :T
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • parsniphead
    parsniphead Posts: 2,897 Forumite
    Part of the Furniture 1,000 Posts
    edited 6 December 2009 at 3:46PM
    Another £13 paid off yesterday. I would have paid off £13 towards my Scottish Power debt but the card/meter decided to malfunction after putting £20 credit onto the card. Last time this happened (5 months ago) it took 3 months to get my money back.

    :mad::mad::mad::mad:I HATE SCOTTISH POWER :mad::mad::mad::mad:
    1 debt v's 100 days chapter 34: T3sco bank CC £250/£525.24 47.59%

    [STRIKE]MBNA - [/STRIKE]GONE, [STRIKE]CAP ONE[/STRIKE] GONE, [STRIKE]YORKS BANK [/STRIKE]GONE, [STRIKE]VANQUIS[/STRIKE] GONE [STRIKE] TESCO - [/STRIKE], GONE
    TSB CARD, TSB LOAN, LLOYDS. FIVE DOWN, THREE TO GO.
  • Moneytroubles_2
    Moneytroubles_2 Posts: 938 Forumite
    Hiya everyone, im slowly working towards the 20K target although doing minimum payments through december and plan on smashing the debt after christmas!

    Can i ask how you work out your perecentage please xxx
    :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:
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    To work out your percentage paid off........

    Take the amount you have paid......then divide it by the amount you want to pay......then multiply it by 100.

    So, if you have paid off £1000 of your £20000 target, it will be:

    £1000 divided by £20000, multiplied by 100 = 5%
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • Moneytroubles_2
    Moneytroubles_2 Posts: 938 Forumite
    WOOHOO 1.37% paid off :D Thanks Hypno 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:
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    You're welcome!!
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • macgirl
    macgirl Posts: 5,091 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    parsniphead wrote: »
    Another £13 paid off yesterday. I would have paid off £13 towards my Scottish Power debt but the card/meter decided to malfunction after putting £20 credit onto the card. Last time this happened (5 months ago) it took 3 months to get my money back.

    :mad::mad::mad::mad:I HATE SCOTTISH POWER :mad::mad::mad::mad:


    :rotfl::rotfl::rotfl: Join the club!

    hypno06 wrote: »
    To work out your percentage paid off........

    Take the amount you have paid......then divide it by the amount you want to pay......then multiply it by 100.

    So, if you have paid off £1000 of your £20000 target, it will be:

    £1000 divided by £20000, multiplied by 100 = 5%

    Oooh that's a bit depressing - 0.66666667% :o:D
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    macgirl wrote: »

    Oooh that's a bit depressing - 0.66666667% :o:D

    We're only 1.6438356% into the challenge in terms of days - you have plenty of time to catch up :rolleyes:
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • mel19632
    mel19632 Posts: 647 Forumite
    Well said Hypno! And if we can decrease debt over xmas then we can do anything!! I'm sure come Jan you will be able to put more effort towards debt busting - xmas is very distracting... xx
    Paying down the mortgage:
    At 1 October 2011: £226,000
    Currently: £224,499
    Aim: 85% LTV (£212,500)
    Paid £1,500
    Target remaining: 88.89%
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