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

frugalzzz

Hi there, I've been following this thread for a few weeks. Is it too late to join?

My debts total €13966, and are made up of 779 Tesco cc; PTSB Car Loan €6683; Ulster Bank personal loan €6484.

Very motivated by all the dfw's and really want to go into 2011 debt free :j

Buffythedebtslayer

I don't think I have updated since the start of the thread. I have paid off £2554 since the start of the year. Am now sub 9K debt wise and aiming to be debt free by the end of the year.

sorry this is a short update! Just saw the thread and thought crap I am on that!!

good luck all

Buffy xx

gailey_2

Hi guys

sorry for over a months break.

having problems with virgin wireless internet as apperently if home hubs in street block signil so use computer less when in one room plus its been dreaded half term so been really hectic.

Had no luck finding part time job that fits in around hubbys hours and kids so still reliant on ebay for making money and child benefit.
Doing my first carboot of season next week strangly exited.
Put my car buggy up for sale as was pricey rarly use will replace something cheaper.
Bmw of doom been in garage again another £150gone.:eek:
Being given a small car so need to get it mot, taxed.
I need to sit driving test as be so much easier with kids.
Our cars disaster area so could sell privatly as have car given then buy something more reliable not as flash as hubbys used to but more spacious and fits our growing family I be happy.

No holiday this year but plan to get 2nd hand bikes and get out more.
we making improvements to garden and got veggie patch.
I need new shoes as mine got holes in and daughter needs new shoes.
Babyjust needs sleepsuits and baby bag for bed so hopefully will find what I need at next nct or carboot.

Im stuck in rut of min payments at moment very frustating.
Hoped to get catalougues clear by end of april but now aiming end of july in time for 30th birthday!
However think i could clear next directory which will try and do as mentally be good to clear one debt in full.
Hubbys going to throw as much as he can at tesco card another £1200-1500 to clear to get down to 0.

So far update on whats paid

me- £40loan, £20 bankcharges, £40 od interest, next £14, additions £5,barclaycard £43.18= £182.18not very good at all.

hubby slightly better

loan*2payments £798, tesco card £250, abby £150,od interest £60.
=£1198.60

Totlal combined £1380.78+£4139.30paid so far
£5520/£20,000 not great but step in right direction

I have more payments to make this month/start of may.
Hubby still needs to make april card payments

So possibly could hit 6k mark by end of month:beer:
if we could just clear a grand a month be good.

just so slow get demotivated.
need to keep coming here to remind me how good our goal feels.
I dont think we will reach our tough ambitous target however i hope by xmas catalougues be gone , 2 credit cards gone which will feel fab plus wesaving a bit for xmas so we not skint and down.
will pay as much as we can.

Good to see everyone stick with it and make progress.
our collective total must be huge.

sarahs999

HI Frugalzzz and welcome to the thread! GOod luck. I'm sure hypno will add you to the list *(when she resurfaces... where IS she?)

Earthstrong

Hi all,
Welcome Frugalzz

£60.00 over payment on mortgage and £150.00 to savings.

banwa

Quick update - we have now super balance transferred the evil overdrafts to 0% credit cards which now means all but the 2 car loans (£900 on each) are at 0%. And we are not paying £150 in overdraft charges a month, that can go directly to reduce the debt. :j

Over £4k so far this year (£5k by the end of this month) and we should average £900 a month for the rest of the year so on track for about £13k. Not the £18k I would have liked but will be very happy with 13.

Keep posting everyone :T

taxi73

sarahs999 wrote: »

HI Frugalzzz and welcome to the thread! GOod luck. I'm sure hypno will add you to the list *(when she resurfaces... where IS she?)

Hypno has been very busy since christmas with personal stuff since Christmas but pops in when she can.
I can't see her having time to read through the whole thread to add people to the list at the beginning.

frugalzzz

I'll just add myself then Very motivating thread I must say. First up, Tescos cc...

taxi73

Welcome Frugal.

Happytogetdebtfree

Hineveryone keep up the good work. Hi yes just join the challenge we will honour your pledge to join us x