£3000 Challenge

Myself and my partner have agreed a fun and lets face it competitive way of reducing our debt.

We're taking £3000 of our personal debts each and having a competition to see who can clear it first using the most innovative methods. This should bring out the competitive streak in both of us and the prize is that whoever wins will have cleared £3000 of their debt! Even the loser wins by getting as close as possible to it.

He's already listing the ways in which he is going to save money so that he can beat me!!! If he wins I'll never hear the end of it!

Bring it on!!!



  • chris83_2
    chris83_2 Posts: 44 Forumite
    Good idea and good luck!
  • James240
    James240 Posts: 16,387
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    yep good luck :beer:
    Savings Total so far for 2023: £8,062.58
  • elantan
    elantan Posts: 21,018
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    this sounds like a great idea increasing your money would be the best chance of winning ..all the best
  • Floss
    Floss Posts: 8,113
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    do you have any ground rules...e.g. anything goes, or anything as long as it's legal?
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  • 8pnoodles
    8pnoodles Posts: 295 Forumite
    Oooo sounds like fun. What are your plans (assuming he doesn't post on here)?

    Any ideas you can throw my way would be really appreciated! :)
    Pay off CC debt by Xmas 2017 #095 £0 of £11,416 :eek:
  • spamalot
    spamalot Posts: 117 Forumite
    I've started loading things onto ebay in the hope that it will give my chances of winning a good start, although I think he has cottoned onto that one! He's now talking about what he can sell....mmmm

    well i still have my secret weapon.....this site!!!!

    The ground rules are:

    It has to be legal and no moving home to live with mum!:rotfl: :rotfl:
  • saubryn
    saubryn Posts: 610 Forumite
    Great idea :)

    If you weren't working on this little competition, how long would it take to clear the 3000? How quickly do you want to clear it? I'm just curious how much you have left over - is stuff like matched betting an option?
    DFW Nerd No. 140 :)
    Status as of 30/11/12
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  • Snaggles
    Snaggles Posts: 19,503 Forumite
    Hi Spamalot, this sounds like a great idea - going to suggest it to hubby as soon as he wakes up tomorrow! Oooh, I feel a challenge coming on!!! :)
    "I wasn't wrong, I just wasn't right enough."
  • This sounds a like a fab idea! I wish you the best of British! Really ought to try this myself. My partner and I bought a house in May 06 and I'm in charge of the money as he works away and I'm TERRIBLE with money. If it's there - I spend it! Hope it goes well for you!! Keep us posted.
    Getting older is inevitable, growing up is optional :rotfl:
  • PigginSkint
    PigginSkint Posts: 2,706
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    What a great idea! Good luck with it!
    PigginSkint's debt free diary
    DFW Nerd 1049 Amazon Sellers Club member 54
    Total mortgage debt: 30/4/17 £14090.77 (Last payment: September 2021)
    LTSB Loan 30/4/17 £6633.71 (reduction by 48%)
    Total credit cards: 30/4/17 £25971.91 :eek:
    Total non-mortgage debt: 30/4/17 £32876.49 :eek:
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