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

Moneytroubles_2

I just paid another £100 off to the videographer (for anyone who doesnt know, I had a wedding planned but cancelled it!) i agree xmas is distracting!!

Just has a read of the 2009 thread, some amazing results, real motivators! xxx

parsniphead

Another £150 paid off my water arrears. Hopefully when I'm paid later this month I will be able to clear this debt. It will be such a boost to cross one off the list.

Thanks to you all. I couldn't have done it without the motivation I get when I read all the posts on this thread. :T

Double_Trouble

OK I have finally started with a little payment to mint of £112 - it feels good to be off zero

DTxx

toolittletime

Can I join in on this one too please? I had joined the 10 in 10 challenge but was chatting to OH this weekend and we really need to spend some money on the house this next year so need to challenge myself more. Really exciting stuff - new septic tank and oil tank! So I've decided to go for £10500 on the debt which will clear it and £9500 on savings/house improvements. Total £20000!! Hopefully the jobs we need to do won't be this much and any left over can be put towards a holiday in 2011!

Not sure how I'm going to do this yet - will have start scouring the boards for ideas. Recieved a cheque from music magpie this weekend for some old CDs and dvds so will pay that off as soon as it clears. Have also made a small start today paying £31.01 off my CC.

So off to catch up on this thread and scour the other boards for ideas! Good luck everyone!

debt.b.gone

well im off the mark, only by a little amount of £30.19 but hey its a start.

Am looking forward to watching the fingure rise, knowing one day when all the debts are gone....this could be how our savings account looks!!

Helen105

skintbint wrote: »

Am really chuffed with myself as havent used the credit cards at all this christmas, still got quite a bit of shopping to do but am hoping that i'll manage through without resorting to them- that will be the first biggest challenge of my DFW year!

Me too! At least I am using my Tesco credit card to earn the clubcard points but I am writing down everything I spend on it and transferring the money over from my current account.
It is so easy to slip things on the credit card & forget about them.

MrsMoo2U

Can I join please. Its a good starting point. Never been in debt before and a story behind how I have managed to get £17000 debt in just over 2 months! Couldnt believe how easy it was to just get money! Anyway. I want to sign up for a realistic (but stretching) £15000 by Dec 31st 2010. Have no ideas yet how to go about it but I am sure that I can pick lots up from here. I will have to start a debt free diary too.
Wish me luck and I look forward to all of the support.

my diary: The road to happiness http://forums.moneysavingexpert.com/showthread.html?t=2132187

Moneytroubles_2

Hiya everyone, ive paid £50 off the nationwide overdraft today! im so into this challenge its ace! xxx

My_life

Hi, please can I join in - 26K by Dec 2010 for me. I had my LBM 12 months ago in Dec 2008 and so far have managed to reduce debts by 14K off CC's (14k still left to go) and 12K off the mortgage (109k still left to go) by following MSE ideas

Lemon_Tree

i paid another £20 off yesterday from BB winnings so that's £1121 in total now