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

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  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    £25 off Virgin.

    Happy to get DEbtfree - it's not complicated! Just start a thread with the same title as this one but for 2011, and people will join. Simples!
  • Happytogetdebtfree
    Happytogetdebtfree Posts: 6,798 Forumite
    No its the adding of numbers giving numbers etc etc :P im a back seat sort of person :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
  • starnac
    starnac Posts: 5,946 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Oh no is no one interested in starting a new one for 2011?
    Goals for February
    Declutter 2/50
    Money Made £0/£200
    Overpayments £0/£200
  • Happytogetdebtfree
    Happytogetdebtfree Posts: 6,798 Forumite
    Ahh starnac dont be sad i have joined the percentage challenge :) its not really my forte to run and manage challenges :) sorry 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
  • starnac
    starnac Posts: 5,946 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    It's okay. I'm sure there'll be other ones I can join. 2011 is going to be my year to get debt free. What the % challenge? I'm not good with %'s
    Goals for February
    Declutter 2/50
    Money Made £0/£200
    Overpayments £0/£200
  • Happytogetdebtfree
    Happytogetdebtfree Posts: 6,798 Forumite
    you work out a percentage of debt you wantto pay ive said 23% = 13k for me over the year im hoping for more but this time i want to be over target rather than under :) 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
  • misselvis
    misselvis Posts: 285 Forumite
    Energy Saving Champion
    Have loved joining this challenge and reading everyone's entries but I can understand that its a lot of work going into running and managing challenges are we still ok to add till the end of the year. Have been totting up and have hit my pay off £10k challenge unfortunately did not manage my save £3k for the year. that may have been due to me heading off on holiday in a few weeks time, could not help myself. am really pleased if all goes to plan will have paid off my student loan and one of my credit cards all ready for 2011 where I want to finish off one last card and really consolidate my savings. I have really loved reading all your entries sorry I have been a bit slack with mine. keep on keeping on xx
    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
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    Hey all,

    This thread has kind of died a death - where are you all with your declared totals?!! I'm declaring at £3767, which is not great but then we have jst had to buy a new car, and we did have a posh holiday for our 40th birthdays. So not too bad overall. Just in case anyone has not seen, there is a similar thread now for next year: https://forums.moneysavingexpert.com/discussion/2923958

    See you in 2011!
  • meersy22
    meersy22 Posts: 386 Forumite
    Morning all

    My debt free journey started to peeter out this year and I'm nowhere near my £12000 target but on a positive note I managed to pay £4164.

    Thanks everyone for your support and my aim this year is to be debt free by July 2011:j
    :jDEBT FREE 27 July 2011:j
    Challenge - Sealed pot #19 - £16; Debts - Credit card - £978.36

    Savings - CU- £808; Xmas - £210, ISA - £160; Holiday fund 2012) - £xx; Car - £50; General:£50 Total- £1278
  • mel19632
    mel19632 Posts: 647 Forumite
    Another one checking in; total for the year £28,632. Better than expected so am pleased. I don't think we will be participating in next years one as thanks to the wonderful tips and people on here we are now debt free! Hope everyone has a lovely xmas x
    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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