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

brightpurple

Hi Hypno. Can you put me down for £15,000 again this time round. I didn't make it last time, but my income has increased this year and i'm ready to tighten my belt, knuckle down and start clearing some more debt!!

se999

Hi,

Can you add me too.

Hoping to get a new house soon, so saving at the moment ready for the big bills to come.

New to this so can I start at £5k, and up it if I can later.

mel19632

Hypno - I'm in for £25k....

That will take me debt free and to £10k of savings

gailey_2

Right no more faffing and putting things off.
im 30 in 2010 always imagined i be financially sorted by then but sadly not so 2010 needs to be sort it out so we can buy a house!

my debts = £4900
hubbys approx £9000

Thats just credit cards, overdrafts theres a huge loan taken out too.

I would like to say we spent and lived life of luxury but sadly not we got into debt just to get by as financial circumstances not been good to us during 08/09 but not going to dwell on it need to move foward.

So im setting a target of £20,000 so we can pay off the majority of our debts and pay big chunk of massiveloan.

hubby has sharesave ending end of 2011, pay out jan 2012 which we confident will be worth double and hopefully we will be totally debt free then.

but what would be nice is if during2010 and 2011 i do well in these challanges as it actually means in 2012 we will have deposit for a house!
Maybe have baby no3!

Double_Trouble

OK count me in I fell spectacularly short of my optimistic 40K target last year thanks to OH's car and paycuts so this year I am going to make my target £30k still more than I paid last year but hopefully no car to buy this year as long as mine which has done 140K keeps going:rolleyes:

So this is not going to be easy but we need to reach these sort of levels if we are going to be debt and mortgage free

I will work out my final total for this year and post on the 2009 thread and then it will be a nice fresh start.

Thanks for the organisation Hypno

DTxx

hypno06

All now added to the front page - good luck guys :T

elsie52

Hi Hypno.

Please put me down for £20k......we were a little bit short of that target this year, but with a bit of luck we may achieve it this time. Good luck to everyone else.

skintbint_2

Can you add me too please. but can i have a total of £13,000 as a rough figure (ouch!) ---better make that £18,613 just had my lightbulb moment -shoot where did it all come from? Now the dilemma which one first?

husbands C/C 0% £4850
mine 0% £3700
O/H odraft £2000
catalogue £271
mine £1750
Loan £5901
total £18 613

hypno06

Congrats on the LBM, skintbint - you are added to the challenge and I am sure that by this time next year it will be a very different picture.

Mliz

Hi hypno, can you please add me to the challenge. I've never posted but have lurked for a while and hopefully taken onboard everyone's tips. I have just under £8000 debt but I would like to aim for £12,000 so that I can finish the year with some savings.