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£3000 Challenge

2

Comments

  • spamalot
    spamalot Posts: 117 Forumite
    is stuff like matched betting an option?

    What is matched betting? how does it work?

    If we were not being competitive then I'd like to think that I could do it in about 12 months, but I'd really like to speed it up.

    He's talking about selling his bike which would put him a couple of hundred ahead -eek. So any ideas would be gratefully received!!
  • spamalot
    spamalot Posts: 117 Forumite
    Just to provide a quick up date on the state of play.

    Me
    1 Aug 06 £3000
    7 Aug 06 £2544.91 :T

    Partner
    1 Aug 06 £3000
    7 Aug 06 £2995 :p

    I've managed to reduce it by the following actions:

    £340 rebate on a fee for my rental property
    £110 monthly payment
    £5.00 sold a book on Amazon.

    Loads more stuff listed on amazon and ebay so keeping my fingers crossed that I might be able to get it down even more by the end of the month.

    Obviously I am taking the mick out of my other half for his weedy performance so far which seems to have spurred him on a little bit. He is now making boasts of being able to reduce it by £700 next month, fighting talk me thinks!

    Will keep you posted, any ideas gratefully received.
  • Tondella
    Tondella Posts: 934 Forumite
    This is great, can't wait to see who wins!
    Debt Oct 2005: £32,692.94
    Current debt: £14,000.00
    Debt free date: June 2008
  • lazy&indebt
    lazy&indebt Posts: 597 Forumite
    What a fantastic idea! I'd suggest it to my OH but he'd win
    Was debt free... then went travelling!
  • LJD1_2
    LJD1_2 Posts: 2,173 Forumite
    This is a fab idea. Look forward to reading more about it. GOOD LUCK!
    January budget
    Nothing left!
  • You are using quidco aren't you? I reckon I got £200 by free dvd trials and signing up for new credit cards and bingo sites? Good luck!
  • COOLTRIKERCHICK
    COOLTRIKERCHICK Posts: 10,510 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    what a good challenge and at the end of the day both of you end up winning really......
    the only idea i can give you ..is try doing some r & r's at tescos.....and what ever you save with the refund put that towards your debt....you normally find that meat is normally mis-priced.....

    also send away for freebies....some of them send you money off vouchers as well which you can used in some supermarkets without buying the product....again a little saving..... which you could put the value of the vouchers used towards reducing yuor debt.....

    i know these are not big money making ideas....but in my experience of using vouchers and recently starting r & r's it will be suprising how much you can save...

    good luck ...i will watch your progress........and this will also keep me forcused as well...........:beer:
    Work to live= not live to work
  • hostie
    hostie Posts: 505 Forumite
    Sounds like a great idea. I'd try it too but my partner is debt free so there is no hope there. I just wanted to caution you on the betting option. For every few moneysavers who try this to make money there are bound to be some who get hooked. There are already a few threads here from people who have had their lives ruined by various gambling addictions and I personally think it goes against the whole ethos of this site to promote these online betting sites.
    Be careful!
    24.06.14 12 st 12 lb (waist 45" at fattest part of belly)
    7.10.14 11 st 9 lb
    26.02.15 12 st 5 1/2 lb
    27.05.15 11 st 5.6 lb
    4.8.17 11 st 1lb
    Target weight: 10 1/2 stone
  • Sallys_Savings
    Sallys_Savings Posts: 1,641 Forumite
    1,000 Posts Combo Breaker
    What a great idea!!!
    I'm sure this would help many others.....please keep us up todate with YOUR winning figures ;)
    Don't forget look after the pennies to make the pounds....even little savings will help :)

    GOOD LUCK!!
  • Sarahsaver
    Sarahsaver Posts: 8,390 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    There was an american woman on Radio 4 today who paid off her $8k credit card in 6 months by not buying anything other than the bare essentials - no going out, no new clothes/shoes etc. No ready meals... She had a whole year of non-consumerism as an experiment to see if it could be done.

    Yours is a great idea and I will watch your progress with interest!;)
    Member no.1 of the 'I'm not in a clique' group :rotfl:
    I have done reading too!
    To avoid all evil, to do good,
    to purify the mind- that is the
    teaching of the Buddhas.
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