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

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Comments

  • mel19632
    mel19632 Posts: 647 Forumite
    Well done Taxi - keep up the amazing effort!

    Just totted up the savings movement for the month - we have "paid" £2,994 this month. I can't quite believe it - I better check my sums.
    Anyway, sig updated for now.
    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%
  • taxi73
    taxi73 Posts: 20,815 Forumite
    That's fantastic Mel.


    Today I've put another £1958.00 into savings so am now under £30k for the mortgage.
  • Well done all, wow taxi you are really making progress keep up teh good work 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
  • Earthstrong
    Earthstrong Posts: 129 Forumite
    Hi all,

    Just a quick update have paid £1671 towards the MNBA.
    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
    Another great payment ..well done.
  • misselvis
    misselvis Posts: 285 Forumite
    Energy Saving Champion
    Hello folks

    pay day today and all my so's and dd's have been paid off, have amended my signature, the sun is shining (well poking out) and it is a good day. got up today at 5am not so good but was full of the day's possibilities so just wanted to say hi and let you know that my payment's for this month = £764 and £325 overpayment for the mortgage. am really pleased that I am seeing progress as we are in the second half of the year and the momentum is building up can see some of the debts being paid off by october so can save some money for december. have also been able to book some driving lessons one of my other goals for this year so raise your glasses of wine/ cups of tea to all of us on this challenge, it isn't easy but it needed to be done for my financial sanity. :beer:
    misselvis proud and in motion - dealing with her debts step by step :)DFW #107
    challenge pay off 6.5k by the end of 2017~ £388/£6500 challenge 1% challenge = 6% of debt cleared; challenge - build up 3 months emergency fund- £0/£6000
  • parsniphead
    parsniphead Posts: 2,897 Forumite
    Part of the Furniture 1,000 Posts
    edited 27 July 2010 at 11:35AM
    Hello Everyone.

    I have been missing from the boards for a while, mind you I only tend to lurk anyway. I realised I had forgot to update my figures at the beginning of July. So I will update now with July and August (I will be going away so wont be able to update on the first) figures.

    Total for July and August so far: £ 1258.

    I had a little mooch and everyone seems to be doing so well. I have struggled recently due to lifes little ups and downs but feel so much more motivated reading how much effort everyone is putting in.

    Well done. :beer:

    Odd to do the sig now.
    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.
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Well done everyone...everyone is doing fantastically.

    Just imagine how much we'll have paid off collectively by the end of the challenge...
  • Mini siggy update, nearly making progress well id like to think so lol 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
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    £30 to Virgin
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