My First "1 Debt 100 Days" Mini-Challange

crapwithcash82

I've been really bad at not posting on here over the past few months, and inevitably my motivation for debt clearing has run out of steam a bit!! I would love to be debt free in 2010, so have decided that I will tackle one thing at a time, and give myself 100 days to clear which ever debt I look at first. Hopefully I can do each in less than 100 days but will see how it goes.

So, my first "debt" is £1000 that my grandmother leant me towards the cost of my car last year. I need to get it paid back asap as I now have quite a reasonable amount of disposable income, and the deal was I would pay it back when I was in a better financial position.

100 days from today is Sunday 4th April so this will be my target for having this debt paid off. I have paid £50 so far, last month, and plan to sell on ebay, use Quidco, and any overtime from work will go towards it. My car (that I borrowed the money to help pay for) has been playing up recently so this may be a bit of a challange if I need money to pay for repairs etc, but I will pay it by ear.

Wish me luck, and any pointers or ideas would be gratefully received!


Progress...
£950 on 25th December 2009 (Day 1 of 100)

chevalier

Good luck with your challenge
chev

crapwithcash82

Just wanted to pop back on today and update my small progress for today. I've found 2 old mobiles that I will sell via cashinmyfone and quidco - the cashback is £4.50 per transaction so will do it in 2 separate transactions so I can get £9 cashback, one phone is only worth £4.90 and the other £30 so in total that will be £43.90 that will go towards my challange. I'm not going to update any totals until I actually have the cash so I don't get ahead of myself tho.

I also have a tonne of stuff to ebay, but I think I'll wait until into the new year to list them as I don't think people will be ebaying much at the mo.

starnac

hi crapwithcash. there's a 1 debt vs 100 days challenge starting in the new year. it was such a success this year that it's being run again. i think it's going to be posted on the 1st jan giving people a week to sign up then the challenge will start on the 8th jan if you wanted to sign up for that and have some support. good luck

crapwithcash82

starnac wrote: »

hi crapwithcash. there's a 1 debt vs 100 days challenge starting in the new year. it was such a success this year that it's being run again. i think it's going to be posted on the 1st jan giving people a week to sign up then the challenge will start on the 8th jan if you wanted to sign up for that and have some support. good luck

Hi Starnac, thanks for your reply, I will look out for the 1 Debt vs 100 Days challenge starting off, as I doubt I'll be too much further ahead with my first debt! I'm hoping to break down my debts and tackle one at a time as I tend to get too carried away with the bigger picture and bog myself down!

Is it just going to be on the Debt Free Wannabe forum?

starnac

yes it should be. it was moved to the diary bit last time i think though so it'll either be on the DFW or the diary part. if you want when i spot it i'll let you know where it is

brokemedic

Hi Starnac,

Can you let me know when the challenge is running as I would be really keen to start this - it's a great challenge..

Thank-you..

crapwithcash82

brokemedic wrote: »

Hi Starnac,

Can you let me know when the challenge is running as I would be really keen to start this - it's a great challenge..

Thank-you..

Brokemedic.... its started..... you'll find it on the debt free wannabe page!! See you there!

rictus123

What a day to start. Good luck, could you not have had 1 day off though? Mad!

crapwithcash82

rictus123 wrote: »

What a day to start. Good luck, could you not have had 1 day off though? Mad!

No such thing as a day off!! I hadn't actually been on here for ages and decided while I was browsing the sales on Christmas Night that I would benefit more from coming on here, than spending on stuff I didn't need.

Mad, but hopefully debt free by the end of the year........

crapwithcash82

Have just received an email from Quidco to say I have a £40 payment being sent, so that will be paid off my first debt too! I wasn't expecting that so its a nice little boost for me!

Little update to my progress:

Progress...
£1000 on 1st Decemeber 2009
£950 on 25th December 2009 (Day 1 of 100)
£910 on 31st December 2009 (Day 7 of 100)

Ooh and Happy New Year to you all, and good luck with the debt busting in 2010 - hopefully this is year will be Debt Free for me!