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

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Comments

  • My_life
    My_life Posts: 66 Forumite
    Good news - direct debits finally gone out today
    Bad News - Car MOT cost £675:eek: - so further reductions to debt this month is seriously restricted.

    Happy new year to everyone
  • Moneytroubles_2
    Moneytroubles_2 Posts: 938 Forumite
    Hiya all, just wanted to say well done and keep up the good work! cant wait for pay day so i can pay some debts off!! xx
    :j6 debts cleared since joining MSE:j
    :eek: Remaining debts... Very / Halifax Loan/ A&L / Virgin cc / Lloyds / Sister :eek:
    :smileyheaGetting Married 04.12.10 - The MSE way :smileyhea
    :dance: Making this house a home :dance:
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Hi all...
    £419.62 (capital off mortgage) and £80 off halifax CC today= £499.62

    Bringing my totals to £4954.44/£20k
  • chops22
    chops22 Posts: 650 Forumite
    Do you think I could count savings and shares as well as debt payments?
    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
  • juicygirl
    juicygirl Posts: 658 Forumite
    Part of the Furniture Combo Breaker
    Woohoo! £400 to Virgin CC (interest free til June 2010) :j. £25 minimum payment and £350 overpayment. That's all my big payments done for the month so will continue to make small overpayments if and when I can.
  • madmich666
    madmich666 Posts: 216 Forumite
    Hiya, just worked out today that I had £400 in paypal and then hubby is giving me another £100 so that will going towards paying off the bank of father in law. Also just counted my loose change and have £6 from last year (used some already to pay debt last year) so going to make an over payment to southern electric. feels great cos now i can get started updating my totals.
    DFW Nerd No: 758 :cool: Proud to be dealing with my debts!:T Proud mum to Bon-Scott my amazing 10/10/10 baby :p
  • S.Worth
    S.Worth Posts: 39 Forumite
    chops22 wrote: »
    Do you think I could count savings and shares as well as debt payments?
    In what respect?
    (The rules here seem pretty relaxed, you could probably count what you want;))
    Pay off £20k (well £12.5k) by December '10 £12,500/£3398.59 = 27%
    Furniture loan [STRIKE]£816.06[/STRIKE]/£0 =100%, CSL sofas loan [STRIKE]£640[/STRIKE]/£0 =100%,Tesco Mastercard [STRIKE]£1629.39[/STRIKE]/£0 =100%,
    Santander Mastercard [STRIKE]£2262.55[/STRIKE]/£2217.50 = 2%,Halifax Loan [STRIKE]£2747.42[/STRIKE]/£2491.24 =9%
    Bank of Mum and Dad in Law [STRIKE]£3300[/STRIKE]/£3160 =4%,
    Save for a Nikon D300 (or similar) £1104.58
  • InaPickle
    InaPickle Posts: 5,968 Forumite
    1,000 Posts Combo Breaker
    £2.06 off the CC today, please. I know it's not a lot, but [INSERT TESCO SLOGAN HERE].
    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~
  • se999
    se999 Posts: 2,409 Forumite
    chops22 wrote: »
    Do you think I could count savings and shares as well as debt payments?

    Mines a save challenge.

    Well we're hoping to have a new house soon, so likely to be a mortgage or other expenses, so the savings just limit the debt before we get it :)
  • chops22
    chops22 Posts: 650 Forumite
    S.Worth wrote: »
    In what respect?
    (The rules here seem pretty relaxed, you could probably count what you want;))


    I save £100 and also OH has around £100 go into work shares..so its money from his wages we don't get yet?
    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
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