Olympic Countdown aka clear those debts by July 2012!

martafdz

At last I have been able to make my first payment since I joined this challenge!

Ok, so I have paid £473.75, contender #135. It's the first payment, so totals are £473.75 out of £5220, which is about a 9% i don't think I will be able to pay that much in the next months but it's a good start of the year!! I think the rest of the months I will be looking at paying around 5% or so but I am chuffed I managed to pay this much this time. I have done loads of overtime though and I have loads ahead! I've been selling on eBay, I've been doing mystery shopping, I have cut back costs and I am planning much better

The_Dragon

martafdz wrote: »

At last I have been able to make my first payment since I joined this challenge!

Ok, so I have paid £473.75, contender #135. It's the first payment, so totals are £473.75 out of £5220, which is about a 9% i don't think I will be able to pay that much in the next months but it's a good start of the year!! I think the rest of the months I will be looking at paying around 5% or so but I am chuffed I managed to pay this much this time. I have done loads of overtime though and I have loads ahead! I've been selling on eBay, I've been doing mystery shopping, I have cut back costs and I am planning much better

Good to see you off the starting blocks and yes that was 9.08% paid so an excellent start

martafdz

Thanks Dragon! I am looking forward to next month's result. I know I won't be earning this much until summer probably (and if), so now I will aim for a 5% and see if I can do it. I have to thank all the people here who told me not to consolidate and to attempt to pay the debts instead. If I had consolidated I would have £3000 debt on top from interest only!!!! I would be managing my months better since the monthly payment was low but omg the total! I thought about it and it is the cost of a Masters, or an all inclusive cruise for two, or a second hand cheap car, or my grocery budget for a whole year! I would rather spend that money on any of these than throwing it into the bonus package of a banker!!!

The_Dragon

martafdz wrote: »

Thanks Dragon! I am looking forward to next month's result. I know I won't be earning this much until summer probably (and if), so now I will aim for a 5% and see if I can do it. I have to thank all the people here who told me not to consolidate and to attempt to pay the debts instead. If I had consolidated I would have £3000 debt on top from interest only!!!! I would be managing my months better since the monthly payment was low but omg the total! I thought about it and it is the cost of a Masters, or an all inclusive cruise for two, or a second hand cheap car, or my grocery budget for a whole year! I would rather spend that money on any of these than throwing it into the bonus package of a banker!!!

Ouch to the consolidation loan interest! Go you for not doing it, and yes pay what you can when you can with out leaving yourself short

Dee_cb

just paid £351.56 off my debt. Fingers crossed nothing else goes wrong now so I can start paying off my debts again.

No 110

The_Dragon

Dee_cb wrote: »

just paid £351.56 off my debt. Fingers crossed nothing else goes wrong now so I can start paying off my debts again.

No 110

Thank you Dee_cb - and yes hopefully this is the start of you busting the debt!

grassgirl

helloooo, can you put me down for 7K.. my sig doesn't include what I owe my Nan..:o

The_Dragon

grassgirl wrote: »

helloooo, can you put me down for 7K.. my sig doesn't include what I owe my Nan..:o

Got you grassgirl (and you are number 138 if that helps ) happy debt busting!

**sde**

hi can i join please? ill work out what i owe.
i really think i can do this excluding my mortgage that is!! (unless my numbers come up!) :rotfl:

**sde**

ok done it its £5858 but then again its the 1st of the month 2moro so it will decrease a bit! :j