We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

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

11314161819144

Comments

  • starnac
    starnac Posts: 5,946 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    paid £122.94 to my car loan so we're off.
    Goals for February
    Declutter 2/50
    Money Made £0/£200
    Overpayments £0/£200
  • starnac
    starnac Posts: 5,946 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    i forgot to mention the min payment to DH's c/c went out so that's another £80 paid and added to the total
    Goals for February
    Declutter 2/50
    Money Made £0/£200
    Overpayments £0/£200
  • Just on to catch up with everyone's progress :D

    Eagles74 - just wanted to say good luck with the job hunt and your attitude is brilliant :D

    Well done everyone on the progress so far, December is so hard for debt busting and everyone is doing so well !!!

    xxxxx
  • Evening All

    Ohbummer have just realised I'm going to be late for work oh well I'll just have to rush.

    I have been reading through and catching up and thought I'd give you all a progress report from the duck household.

    I have done another quick calculation and well it can't be right it would seem I have paid off 9% of my total so far - not quite 90 I grant you but some how it seems tooo much, anyway, am rather pleased with that we all seem to be making excellent progress. I cant see January being as good or Feb or March for that matter but as long as I am enployed and well I'm happy to be plodding on. Not long till christmas.. still have no present, may get a grip sometime soon......

    Duckie:D
    To be figured out!
  • I have added all my payments this month to my signature minus the interest. What an eye opener I knew what the interest was on different things but never done a monthly total. If I was to clear all debt I would be £200 better off monthly with just interest payments.
    Debt at LBM £19700 :eek:
    Arrears £4800

    :j married 14/08/2010 :j
    Date wife can move to live with me 28/02/2011 (date she can leave work for good) :beer:
  • Woo hoo!!! I just worked out how to make overpayments to my Egg loan from my RBS current account through online banking :T. Made a small overpayment tonight to check it works! Loan is due to be paid up on 1/12/2010 but if this works out ok I can make regular overpayments and hopefully clear it by summer. I am delighted!!
  • It seems our egg loan end at the same time. And good riddance 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
  • Here here Happy!!
  • starnac
    starnac Posts: 5,946 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    min payment gone out today on DH's c/c so that's an extra £44 to add to my total.
    Goals for February
    Declutter 2/50
    Money Made £0/£200
    Overpayments £0/£200
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    Well done everyone for getting off to a good start. DEcember's a tough month to start this challenge, but a good one for the same reasons.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.8K Spending & Discounts
  • 246.1K Work, Benefits & Business
  • 602.2K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 260K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.