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

S.Worth

Good news is today is payday, and I got a load of overtime in, so adding that to DW's overtime we've got a good lump to pay off our debt. Also the car repair came in at £70, which I've got saved in the car account:o.

Bad news is the corporate b's that I work for cut out final salary pension as of the start of the month, and the new one they offer us, plus the corresponding increase in tax we have to pay means we are now £120 a month worse off, for a pension that is nowhere near as good. A lottery win now would be nice so I could tell them where they could put it :eek:

gailey_2

More added today hubby paid tesco credit card this morning so on £1533.76so far.

just loan and hubbys bank charges next week.
need a good weekend on ebay want about £100

wont hit 2grand mark until next month,would love to hit 3grand by end of feb,need to clearing roughly grand a month to reach our target.
12months with min payments of 12grand so need to find8grand this year extra.

hoping hubby gets some bonus in work
I can find a job and keep earning extra income.
make savings and spend money saved on debt repayments

madmich666

Hi all,

Another payment of £20 today to moorcroft so they are finally out of my life!! Woohoo!!! Got loads of stuff on ebay so hoping to make a bit of money. Virgin are being b$!&*%$# and dont want to do a F & F!!! Oh well I guess I can give my money to another company that needs it then!!!

Keep up the good work all!!!

Mich

poohbear59

madmich666 wrote: »

Hi all,

Another payment of £20 today to moorcroft so they are finally out of my life!! Woohoo!!! Got loads of stuff on ebay so hoping to make a bit of money. Virgin are being b$!&*%$# and dont want to do a F & F!!! Oh well I guess I can give my money to another company that needs it then!!!

Keep up the good work all!!!

Mich

Well done on paying off moorcroft. It feels good when one of them goes!:j:j

kirstenc

made some payments yesterday, namely £236 to the Credit card, so im off the starting block!!

madmich666

Thanks poohbear it does feel good. Cant wait til hubby gets home so I can tell him.

Was updating my snowball earlier and it said 153 months til dfd but then amended all the interest rates etc and now it says 83 months. Still not good it will tae over 7 years but will reduce that as much as possible.

banwa

Am I far too late to join this challenge? Am in the £10k in 2010 but really I want to get closer to £15K (although £18K would be the ideal).

Can I join can I join?

*jumps up and down excitedly*:j

gailey_2

madmich666 wrote: »

Thanks poohbear it does feel good. Cant wait til hubby gets home so I can tell him.

Was updating my snowball earlier and it said 153 months til dfd but then amended all the interest rates etc and now it says 83 months. Still not good it will tae over 7 years but will reduce that as much as possible.

Madmitch you doing so well must be good to get one debt cleared in full.
admire how positive you seem to be and numbers coming down,every little bit paid is one step closer towards financial freedom.
least debt free day date is bit closer.:T
I cant wait for new week to make more payments!

S.Worth

banwa wrote: »

Am I far too late to join this challenge? Am in the £10k in 2010 but really I want to get closer to £15K (although £18K would be the ideal).

Can I join can I join?

*jumps up and down excitedly*:j

No, clear off, we don't want your sort round here

Just keep posting anyway no-one will notice if your not on the list, that's what I did anyway

all-at-sea

Hi can I join in? would like to get to 20K. Am a total newbie! but £730.00 so far!!