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

theskintfamily

have just had a catch up with all my payment, lost may way a little bit with xmas etc... but I'm back on track! £1507 paid off since the start of this challenge.

Mliz

Woohoo, I'm finally of the starting blocks, my first payments are away. So sad to be so excited with payments going out of my bank account.

First few months of the year I have a lot of bills (car tax, insurance etc) but would hope to be able to up my repayments after this.

S.Worth

chops22 wrote: »

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

There seem to be quite a few people on this challenge that are using it to save for something myself included, so I don't see why you shouldn't count it, you are having to cut back in other areas to allow it to be saved, so you deserve credit for it:D.

I supose the only concern is if the money would be better spent clearing debts, but that's for you to decide

S.Worth

robbm wrote: »

Woohoo, I'm finally of the starting blocks, my first payments are away. So sad to be so excited with payments going out of my bank account.

First few months of the year I have a lot of bills (car tax, insurance etc) but would hope to be able to up my repayments after this.

It's a strange emotion isn't it? Thinking "ooh good, some bills to pay!"

chops22

Yes S.worth I agree, at first I thought we need to be getting as much money in to clear debts as possible.

Even though I would love to see the share money, I know it would be daft to cancel them, as his work match the amount he puts in. Same for his pension, on paper I want it in the bank now, but long term its not worth it!!

Snowmoredebt

Afternoon everyone

All the bills are paid and some even overpaid :j also earnt £24.50 extra off ebay this has been used immediatly for wedding items. Signature updated to show total paid off capital and money put for wedding

Im feeling positive OH has raided cupboard for more fancy clothes to sell have 21 boooks on green metropolis. Ive also put in a few applications for evening work.

I think 2010 is going to be a good year for all:j

misselvis

its all gone a bit pete tong all my dd have cleared today but was a bit overzealous with my spending (think I was slightly depressed over the christmas period) which have finally cleared today and am totally over my OD limit. did not want to start 2010 this way so am going to have to work hard to sort it out

madmich666

Hi all just wanted to update even though I have not been paid for work yet so no payments going out I have just listed a box of ebay items which I have been meaning to list for the last year. Thanks to the use it or lose it challenge and this one it is really getting me motiviated.

Keep up the good work guys.

taxi73

Hi all,
Todays update:
Halifax CC £53.92
BarclayCC £69.19
Total £123.11

£5077.15/£20k challenge..so over 25 % gone.

S.Worth

misselvis wrote: »

its all gone a bit pete tong all my dd have cleared today but was a bit overzealous with my spending (think I was slightly depressed over the christmas period) which have finally cleared today and am totally over my OD limit. did not want to start 2010 this way so am going to have to work hard to sort it out

It doesn't matter that it's the start of a new year, that's just a reference we put on it, if any of us does the same thing later in the year, the effect is the same, time of year makes no difference, so don't see it as a 'bad start' this is a long term thing! The fact is you know what you've done and where your problems are, and it's only going to improve from here:D