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Olympic Countdown aka clear those debts by July 2012!

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  • £24.44 for me today please. Going at snails pace at the moment but every little helps!
    Nerd No. 1245
    2014 Challenges:
    Attempting to snowball to freedom!
  • Jboy
    Jboy Posts: 26 Forumite
    Gemmzie wrote: »
    Just worked out, it's about 3.22% per month to pay off per month if they are doing it equally across the challenge. So anyone ahead deserves a huge clap :T :T

    Thanks Gemmzie, that's really helpful! I'm *just* ahead
    CC1: [STRIKE]£4990.46[/STRIKE] £3048.57 / CC2: [STRIKE]£5616.99[/STRIKE] £5583.10 / CC3: [STRIKE]£4815.75[/STRIKE] £4738.86 / CC4: [STRIKE]£3844.66[/STRIKE] £3723.32 / CC5: [STRIKE]£2669.82[/STRIKE] £2655.09 / CC6: [STRIKE]£1897.17[/STRIKE] £1861.01 / CC7: £1227.52

    Debt Free Olympic Contender #47 (£24,984.81) paid £1,675.19 (6.70%)
  • **Upsy_Daisy**
    **Upsy_Daisy** Posts: 256 Forumite
    edited 13 January 2010 at 9:53PM
    Hiya Dragon - can I join in please - I need to use up the last line of my signature

    My debts at 31/12/09 were £34,262, one of those is a lifetime balance of 3.94% and as that is less interest than the mortgage it will have to wait until the mortgage is cleared (circa 2023)

    Therefore, bearing in mind that I will probably pay £2K off that (£8750) debt in the next 2 years via minimum payments so can I have a target of £28,000 please?

    I have only skimmed the 14 pages or so therefore I would be grateful if you would clarify

    1. Is there a particular day or date each month when you would like us to send you updates?

    2. Which pub will we be meeting up in to celebrate? - will there be national or regional events?

    3. I assume the celebratory event will be on the evening of or before the opening ceremony - can you confirm so I can put it in my diary (I'm a very busy girl :cool::cool:)

    Many thanks for this - I prefer this target to my snowball target

    UD XXX
    Total debt at 01/01/2010 £34,262 (Excludes mega mortgage) Daily interest £12.42
    02/10 Now £3.12 due to repayments, BT and :money:
    Olympic challenge £5081/£28,000 (18.15%)
    Aim to lose 35 lbs from 01/01/2010 to 30/06/10 9.5/35
    1 debt in 100 days £2886/£3839
  • The_Dragon
    The_Dragon Posts: 9,749 Forumite
    I've paid off £35.13 today so sneaking back up myself again!

    Well done Paulgonnabedebtfree and learn2cope on your payments as well :j

    **UpsyDaisy** - good to see you - you are added to the Opening Ceremony post - the party will actually be the day before the Opening Ceremony and we will be on here with our own bottles of champagne (and take out of choice!:D) - it would be great to meet up in person but not really fair on KiwiSaver!
    Do not meddle in the affairs of Dragons, for thou art crunchy and good with catsup :D
    NSD 15/20, OS WL 21-6 (4) :(C.R.A.P R.O.L.L.Z #44 Twisted Firestarter, VSP #57 - £39.43
    :p Every Penny's a Prisoner :p
  • Kiwisaver_2
    Kiwisaver_2 Posts: 1,169 Forumite
    Haha!! If I actually manage to do this, I'll be buying myself a ticket and coming to London for the party. :j
    Mortgage
    Start January 2017: $268,012
    Latest balance $266,734
    Reduction: $1,278.45
  • £10.14 from me today
  • kittiej
    kittiej Posts: 2,564 Forumite
    Part of the Furniture Combo Breaker
    Hello Everybody!

    Larger payments from me today £184.06 please Dragon
    Karma - the consequences of ones acts."It's OK to falter otherwise how will you know what success feels like?"1 debt v 100 days £2000
  • The_Dragon
    The_Dragon Posts: 9,749 Forumite
    Yay to Paulgonnabedebtfree and kittiej who are now at 1.18% and 2.53% paid respectively, and their payments have snuck the total up a bit as well

    Total to pay at start - £1,284,411.92
    Total paid to date - £14,690.38
    Percentage paid = 1.14%
    Do not meddle in the affairs of Dragons, for thou art crunchy and good with catsup :D
    NSD 15/20, OS WL 21-6 (4) :(C.R.A.P R.O.L.L.Z #44 Twisted Firestarter, VSP #57 - £39.43
    :p Every Penny's a Prisoner :p
  • Kiwisaver wrote: »
    Haha!! If I actually manage to do this, I'll be buying myself a ticket and coming to London for the party. :j

    I was thinking that as we'd all be debt free and therefore flush we could chuck in a quid each to bring you over
    Alternatively, you could really work hard at a particular sport, get into the Olympic team and come over for nowt - board and lodging paid as well:money:
    Total debt at 01/01/2010 £34,262 (Excludes mega mortgage) Daily interest £12.42
    02/10 Now £3.12 due to repayments, BT and :money:
    Olympic challenge £5081/£28,000 (18.15%)
    Aim to lose 35 lbs from 01/01/2010 to 30/06/10 9.5/35
    1 debt in 100 days £2886/£3839
  • Kiwisaver_2
    Kiwisaver_2 Posts: 1,169 Forumite
    Right oh, I'll have to start taking the anabolic steriods about now or start practising my synchronised swimming in the bath. :D
    Mortgage
    Start January 2017: $268,012
    Latest balance $266,734
    Reduction: $1,278.45
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