The 18k Challenge

becsxxx

So here (at last - sorry Mirtos) are my totals. As you can see I have been doing quite well. I got a payrise in September which is currently all going towards debt. However, I do owe my £450 service charge this month, as well as having to return my flatmates £300 deposit, so not sure how much I'm going to progress!

Debt

Natwest Overdraft (£1,000 @ 0%) = £966.34
Natwest Graduate Loan (6.5%) = £1,640.00
Cahoot Car Loan (5.8%) = £4,042.94
Credit Card (NSPCC, 0%) = £2,102.00
Student Loan = £8,864.87

Credit

£2,026.22

TOTAL = -£15,589.93
TOTAL PAID OFF SINCE START OF CHALLENGE = £2,945.88 :j


Goals:

1. Have made a definite decision to sell my car any buy something cheaper with boyfriend so need to research how much I can get for it (reckon around £5k) and what else we are going to buy.
2. After finding a thread on here I have been doing some mystery shopping and reckon I'll earn about £120 from it so far. Need to keep my eyes open for more jobs and get cracking!
3. Start thinking about Christmas, planning who to buy what for and for how much etc. Am determined not to let it sneak up on me and overspend like last year!

LittleL_4

Oh god I'm still here too, sorry! :hello:

Well things are looking up for me aswell. I'm managing to work more hours therefore more money! :j I'm saving about £150 p/w :T

I'll get my signature sorted today and keep you all posted. You're all doing really well, keep up the good work :T

Little L
x

DontDoDebtKids

Oh good, everyone is still here. I was feeling a bit lonely! It seemed to be the Leon and DDDK thread for a bit - perhaps we should start a late night show on the BBC for some extra money?

Sorry I'm a day late with my update but I am still waiting for my cheque from Capital One - due on 16th November. I've sold a few more things on ebay and just banked £80+ from PayPal. I've restarted matched betting but only made £10 this weekend. I might do another one today if I get the time. Also got £20 from Quidco, but this is currently on the way from Quidco to my bank account. Hopefully I'll have enough to pay off the Egg loan in one swoop!

I've been quite busy lately, but this should all slow down again tomorrow when I can put my debt busting hat on again.

PS I'm now under £16,000 :j

Debt Totals

Egg: £6464.32
Capital One: £1901.88
Lloyds: £1880.06
Amex: £5715.22

Total: £15,961.48

Mirtos

DDK I'm so jealous!!! Grrr. Can't wait until I get my first freelancing cheque - I'm planning to throw the whole thing at my barclaycard and amex.

becsxxx

DontDoDebtKids wrote:

PS I'm now under £16,000 :j

yeay! feels good doesn't it?!??

If I sell my car for £5k and spend around £1k on its replacement, my debt will go below £13k which would be AMAZING! Does feel a bit like cheating though as everyone else is working so hard to pay off their debts the long way round!!! :rotfl: :rotfl: :rotfl:

ps: still haven't got in to matched betting yet [hangs head in shame.....]

Mirtos

Mirtos wrote:

Debt Now £18,476

Goals for Next Week:

1) At least £100 off balance, IN ADDITION to my usual debt repayments that are due to come out at the end of the month.done
2) Tart some of my loan over to a lower interest credit card (barclay card), as I have some balance available.not done as loan closed:T
3) Balance Transfer to M&S card when it arrivesdone - egg loan closed down plus lloyds cc and some of barclay card hurrah :dance:
4)I'm NOT going to do any matched betting as I'm off on holiday on the 6th, and I'll be needing my cash!done! :rotfl:
5) Cancel my subscription to Time out, and save £7.50 a monthdone

6) Do my accounts, so I don't get any nasty surprises from the Tax Man!done

Just though I'd update to get myself back in the swing of things. I'm also planning to pay off £200 from one of my ccs when i get home :A

leon103

Good to see everyone posting again and doing so well. Keep it up everyone.

I have finally cracked into the Matched Betting market and doing well.

£36 odd profit. Not sure how thought because was only had £35 of free bets so I guess I picked some good odds.

Its not that bad once you have logged onto the site etc. You can see what they are talking about and they are all great on the Newbie thread and the tips thread.

Also got £70 for signing up to 3 companies via quidco.

becsxxx

leon103 wrote:

I have finally cracked into the Matched Betting market and doing well.

£36 odd profit. Not sure how thought because was only had £35 of free bets so I guess I picked some good odds.

Its not that bad once you have logged onto the site etc. You can see what they are talking about and they are all great on the Newbie thread and the tips thread.

OK, OK! will add it to my to do list (again)!!! Never seem to find the time.......

Mirtos

Me too! **Slaps wrist**

leon103

Start off signing up for Coral and Betfair. Thats £45 via quidco before you start.

I started off with a £10 on Coral. I am addicted to it now. Its so easy money and fun.

Good luck. Ask if you need anything