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

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  • My_life
    My_life Posts: 66 Forumite
    Monthly update for me - at the halfway mark I have paid off £12,134 so far, which is 46.6% of my £26,000 target - so not quite reached the half way amount, but its going in the right direction!


    My Life
  • Earthstrong
    Earthstrong Posts: 129 Forumite
    Hi all,

    I have paid off £2371.70 last month, just have one credit card now with a large balance as I had to replace my car...
    hope every one is doing ok?
    Mortgage £25,789.17/£24,918.14/£22,921.47
    Pay off £20k by Xmas 2010 - £16,360.00
  • Hi all some more numbers paid so siggy updated and im slowly getting there :D keeep up the good work all :D xx
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Well done everyone....
    I have paid some more bits since last week but haven't updated sig as can't find my calculator anywhere.

    Should be debt free in a few days..just waiting for insurance to go in bank.
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    Woh taxi, exciting!
  • Earthstrong
    Earthstrong Posts: 129 Forumite
    Oh, that is great new Taxi! freedom from debt sounds bliss :)
    Mortgage £25,789.17/£24,918.14/£22,921.47
    Pay off £20k by Xmas 2010 - £16,360.00
  • taxi73
    taxi73 Posts: 20,815 Forumite
    I am debt free now.

    Paid £18005.71 today to bring me debt free.

    So that brings my total for this challenge to £41163.64

    I just have my mortgage to go now xxxx

    You are all doing fantastic....I'll still be routing for you all as you don't get rid of me that easy
  • Taxi that is wonderful news to read well done what was your debt at highest how long to be debt free you are super xxx
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • taxi73
    taxi73 Posts: 20,815 Forumite
    The debt has varied over the time here as I included the cars that I've had to buy for the business....
    At a guess I'd say about £70k at least maybe £80k since I've been here.
  • Well that's great and i wish you all the best on your mortgage :/) keep us up to date x
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
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