📨 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!

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

1…3738404243…144

Comments

  • bLaZiNgDucK
    bLaZiNgDucK Posts: 139 Forumite
    Part of the Furniture Combo Breaker
    Just updated my signature, up to 13% so far 87% to go.
    To be figured out!
  • gingernutbizkit
    gingernutbizkit Posts: 847 Forumite
    Hi, can I please join you?
    My target for 2010 will be to pay off £50k which I know is a long way off your £20k but I'm working to pay off all my debts and mortgage by the time I'm 30. I think focusing on this first year will really help me.
    Ging x
  • mel19632
    mel19632 Posts: 647 Forumite
    gingernutbizkit wrote: »
    Hi, can I please join you?
    My target for 2010 will be to pay off £50k which I know is a long way off your £20k but I'm working to pay off all my debts and mortgage by the time I'm 30. I think focusing on this first year will really help me.
    Ging x

    Wow that is a challenge! Good luck!
    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%
  • madmich666
    madmich666 Posts: 216 Forumite
    Hi guys, finally the post office is open so I have raided the change at home and paid a massive £6 to Southern Electric. Well £6 is better than nowt. Hoping to get paid soon and think I might have some spare money over from xmas so will pay that towards SE soon.

    Keep up the good work guys!!!

    Mich
    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
  • InaPickle
    InaPickle Posts: 5,968 Forumite
    1,000 Posts Combo Breaker
    madmich666 wrote: »
    Hi guys, finally the post office is open so I have raided the change at home and paid a massive £6 to Southern Electric. Well £6 is better than nowt. Hoping to get paid soon and think I might have some spare money over from xmas so will pay that towards SE soon.

    Keep up the good work guys!!!

    Mich

    It's better than 7p! (See my previous posts! ;))
    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~
  • S.Worth
    S.Worth Posts: 39 Forumite
    sarahs999 wrote: »
    IT really angers me as if they had looked at our banking history they would have seen that in November we paid £1,000 and cleared our joint account overdraft, in December we paid £1,700 and cleared my sole account overdraft, so they can see we are actively reducing our overdrafts. We just want to do it in our own timescale so we can budget properly! Sods.

    So no more payments from me for a while :(

    Did you contact them before or after to let them know that repaying was your main priority? Banks can be a bit more lenient if you contact them. It won't cost you to give them a call and see if they can re-instate it and perhaps reduce it in steps over a certain period. Then once it's clear, close the account and go somewhere else ;)
    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
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Well done everyone....
  • starnac
    starnac Posts: 5,946 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    £9.54 for me today. not much but a little more than 7p :D (i'm teasing you pickle) i have a bit of a thing for round numbers so i would have moved the 7p too!
    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
    hypno i have just looked back to the first page and can't see me on the list.
    Goals for February
    Declutter 2/50
    Money Made £0/£200
    Overpayments £0/£200
  • bLaZiNgDucK
    bLaZiNgDucK Posts: 139 Forumite
    Part of the Furniture Combo Breaker
    starnac wrote: »
    hypno i have just looked back to the first page and can't see me on the list.

    I can see me either
    To be figured out!
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
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.
Update Your Picture