Olympic Countdown aka clear those debts by July 2012!

MrGreen

67. MrGreen here with an update, sorry I've not be posting for a while, I've thankfully have had extra shifts at work to do and have been able to pay off quite a bit over the last year from the extra money earned and also the more disciplined budget I've been keeping since starting this challenge.

Starting amount - £23,245.73
Left to pay £12,491.75

Paid to date - £10,753.98
% Paid - 46.26%

suze72

Hi there Dragon, #134 reporting

Could you please update my total paid to £1895?

Thankyou
Suze

mrsspendalot

Morning!!!

#145 reporting in with a lovely payment of £790.45 today :j:D:j:D

Running total = £1622.47 / £12,000 (13.52%)

misswissy

Hi Everyone,

Well done Kiwisaver! Like Skaps, I might have earmarked some of the money to go elsewhere so good for you. :j

I have made a meagre payment this month of £45.59. My total paid is now £7550.08 which I think is still around 42%.

Thanks Dragon

dentonemma

Hi, Number 78 reporting in,

I have made it to the finishing line.

I have paid in total £35,708 I have smashed my £20,000 target.

Good luck to everyone keeping making those payments.

runmichellerun

dentonemma wrote: »

Hi, Number 78 reporting in,

I have made it to the finishing line.

I have paid in total £35,708 I have smashed my £20,000 target.

Good luck to everyone keeping making those payments.

That's bloomin' AMAZING!! How on earth did you manage that?

Well done on such fantastic debt bust :j:j:j:j

Swinstie73

Wow dentonemma, does that mean you now have £15K savings? Well done, and congrats!

The_Dragon

:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j dentonemma - well done you!

dentonemma

No, the extra £15,000 went off other debt, which I hadn't included into the orginal £20,000. Because £20,000 was hard enough to clear in two and half years. I still have a loan which has an outstanding balance of £18,500 to pay. But the way that loan is set up i only have to pay once a year which i have done this year payment.

My DH got a lump sum from his employer from taking redunancy. Every cloud has a sliver lining.

runmichellerun

An update from me...

I've paid a total off now of £6,831.54, so I'm very nearly there. My August payday (19th) will be my final payment and I can't wait!!!

However, I'll not be counting myself as completely debt free as I still have a student loan which is being paid off. Really not sure whether to make extra payments to it or not. At the rate it's being paid off now, I'll be in my 40's before it's gone, and I'm only 31 now :eek:

Has anyone else been in the same situation?