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

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  • WTG DT!!!

    Just a small £5 for me today but have updated my sig. I have also realised that the £20k I have signed up to will be excluding interest, is that what everyone else does?, if that's the case I'd like to up my limit to £30k, I'm hoping that by the time I have paid that off the balance and the interest is added back we will owe approx £10k by this time next year
    Aug GC £63.23/£200, Total Savings £0
  • BabyBetty
    BabyBetty Posts: 196 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 14 December 2009 at 1:56PM
    Hi all me again.

    I am hoping to clear the rest of my debt by my birthday in October. Anyhow I suppose it can't but help to commit to being completely debt free by December 2010.

    Hypno can you sign me in for £20k, this will be the final push. I have not updated my signature yet, but also expect some tax bills to come in March and October which should bring my total just over £20k in debt.

    Thanks Hypno for running another challenge, it is just what I need to stay focused.

    BB
    Original debt at LBM July 2008, £47, 654.34. Debt at January 2016, £21,443. Barclaycard [STRIKE]£9,000[/STRIKE]£8,756, Tesco cc [STRIKE]£3000[/STRIKE]£1,136. Debenhams storecard [STRIKE]£350[/STRIKE]£263, OD [STRIKE]£3,500[/STRIKE] £3,000, Corp Tax £3,036, Study loan £1,750, Smaller debts £2,000.

    Since my LBM I have not been fully committed so now I have had a 2nd LBM.
    Aiming to be debt free by December 2016:D
  • Id like to join if its not too late. Im already on the £10k in 2010 but could use the extra kick up the behind!

    Sign me up for £10,000 please! Oh my, look at all those zeros...
    Mortgage free by 30:eek:: £28,000/£100,000
    :DDebt free as of 1 October, 2010:D
    Taking my frugal life on the road!
  • InaPickle
    InaPickle Posts: 5,968 Forumite
    1,000 Posts Combo Breaker
    OK Hypno, I've fnally done the calculations and next year I need to pay off £7770.54, please (including the end of this year).

    Thanks! :)
    Please call me 'Pickle'
    No More Buying Books: ???
    No More Buying DVDs: ???
    NMB Toiletries ??? and I've gone back for my Masters at the University of Use Ups!
    P
    roud to be dealing with her debts 1198~

  • chops22
    chops22 Posts: 650 Forumite
    I have paid my Nawest today £112 so I am off the mark with 0.59%
    LBM Total: £33356 15/11/09 :eek: £6085.63 paid
    Pay off 10% by March 2010 (3336) yes!!!:j
    Pay 19k by Dec 2010 19000/5732.39 30.12%
    DFW Long haulers #198.
    23/40lbs
  • Hi Everyone, i have just paid my capital one card off in full so that is 584.97 WOOHOO and also £400 off my natwest overdraft. :beer:
    MBNA 0% ends 10/04/2020 £15843
    Virgin 0% ends 09/06/19 £ 8007
    Virgin 0% ends 17/7/19 £6379
    Virgin 0% ends 17/7/19 £ 7229.26
    £30229 :eek::eek::eek::eek::eek::eek::eek::eek::eek:
    SPC 069
  • InaPickle
    InaPickle Posts: 5,968 Forumite
    1,000 Posts Combo Breaker
    lincs1205 wrote: »
    Hi Everyone, i have just paid my capital one card off in full so that is 584.97 WOOHOO and also £400 off my natwest overdraft. :beer:
    Ooh, well done! :D
    Please call me 'Pickle'
    No More Buying Books: ???
    No More Buying DVDs: ???
    NMB Toiletries ??? and I've gone back for my Masters at the University of Use Ups!
    P
    roud to be dealing with her debts 1198~

  • Hi everyone

    Please can I join this challenge, i would like to pay off 14,500.
    I lost my job last week and after spending the week feeling sorry for myself decided i needed to be pro active, as sitting on the settee in my pjs watching murder she wrote was not really helping :rolleyes:
    So in between looking for a job i want to be doing what i can to get some money coming in to be able to pay off more than minimum payments. Then when i have a job ill be able to use it as extra payments.
    Good luck everyone, im looking forward to reading how everyone is doing.

    Eagles :D
  • mel19632
    mel19632 Posts: 647 Forumite
    Well done lincs!

    Eagles74 - I hope you find something soon. Keep posting here - everyone is nice and has lots of tips for making extra money!

    I love mystery shopping - not much extra cash per se, but free meals and trials mean you odn't have to buy boring things sometimes like toothpaste, shower gel etc!

    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%
  • InaPickle
    InaPickle Posts: 5,968 Forumite
    1,000 Posts Combo Breaker
    eagles74 wrote: »
    Hi everyone

    Please can I join this challenge, i would like to pay off 14,500.
    I lost my job last week and after spending the week feeling sorry for myself decided i needed to be pro active, as sitting on the settee in my pjs watching murder she wrote was not really helping :rolleyes:
    So in between looking for a job i want to be doing what i can to get some money coming in to be able to pay off more than minimum payments. Then when i have a job ill be able to use it as extra payments.
    Good luck everyone, im looking forward to reading how everyone is doing.

    Eagles :D

    Well done Eagles. A pro-active attitude will get you re-employed much faster than a negative one. Best of luck! :T
    Please call me 'Pickle'
    No More Buying Books: ???
    No More Buying DVDs: ???
    NMB Toiletries ??? and I've gone back for my Masters at the University of Use Ups!
    P
    roud to be dealing with her debts 1198~

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