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The "Debt Free By Christmas Day" challenge
newsmonkey
Posts: 201 Forumite
Right, time for drastic action. My debt-free date is currently May. I'm going to try to clear it all by Christmas Day.
Here's the deal... if you've got an amount of debt that you're on track to clear sometime next year, join me in this challenge to wipe it off by 25 December.
Add:Or if you're on the road to debt freedom and feel like setting yourself a milestone to reach by Christmas Day (not necessarily £0), feel free to get involved.
I realise it's a bit of a tough time to be saving, with presents etc around the corner. But if you're up for it and need the moral support, post here and we'll keep each other posted on our progress.
Today (9 October), I have £1,600 to clear. I normally throw £200/month at it. There's 77 days until Christmas.
Any takers?
Here's the deal... if you've got an amount of debt that you're on track to clear sometime next year, join me in this challenge to wipe it off by 25 December.
Add:Or if you're on the road to debt freedom and feel like setting yourself a milestone to reach by Christmas Day (not necessarily £0), feel free to get involved.
I realise it's a bit of a tough time to be saving, with presents etc around the corner. But if you're up for it and need the moral support, post here and we'll keep each other posted on our progress.
Today (9 October), I have £1,600 to clear. I normally throw £200/month at it. There's 77 days until Christmas.
Any takers?
0
Comments
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much as Id love to, I really dont think this is feasible for me! Ambitious though I am etc, it would be impossible.
Or would it ?:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
What an excellent idea for a challenge
I would love to join but unfortunately I am in a bit too much debt to be able to clear it before Christmas.
I wish you lots of luck with your challenge :j
Emily x0 -
this sounds like a great idea darling, but i've got just over three grand of debt and don't see any hope of clearing it by xmas, wish i could though!
good luck with it x0 -
Too big of a leap for me right now. I might set myself a debt free by easter challenge at new year though.0
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I'll try for next chrimbo... however i wish it was possible for this year - i wish i only had that much debt! mine is about £20,000!:eek:
I think I have to see how my new biz takes off, then I should have an inkling of how long it will take.
Although how could I make £20,000 in a couple of months... it can't be legal surely
GOOD LUCK EVERYONE GOING FOR IT!£2 Savers club started 30/09/06.... £I raided it
Random coin jar = £35.51
Owner of my own Educational Toy Business!
Story Sacks - Educational Posters - Puppets- Books - Games - and more!
Ideal for childminders, nurseries, parents and grandparents!
Over the Moon!0 -
Good luck newsmonkey! I have too much debt for that unfortunately, but I do have my own personal amount to clear by New Year's Eve listed in my sig. It's a very good motivational tool
DFW Nerd #104 I :heartpuls my Kittenand my hat :heartpuls
OD Girls on Tour 08 - Barcelona - HUGE SUCCESS!
OD Girls on Tour 09 - Dublin - November!!
If you believe you can achieve innit!
Sexy beer?0 -
Good luck with it. What a christmas present to yourself.
L
xDebt 28/12/06 £26,467
£20 grocery challenge per week
Savings £400
£2 coins - £8.00
DMP £357 pcm (CCCs) commenced 1/10/06
DFD :think: proud to be dealing with my debts0 -
Do we have to specify which Christmas Day
Is it better to aim for the stars and hit a tree or aim for a tree and land in its branches :think:Loves being a Wonderbra friend :kisses3:
0 -
I think I'd have to turn to prostitution to pay my debts off by Christmas! And I wouldn't even get much for that now with my baby bump!!
Good luck to everyone going for this challenge- will be watching your progress with interest.Debt at highest May 2006: £27,472.24
currently: £13,353.25DFW Nerd 178Proud to be dealing with my debts0 -
To make things a bit more open, how about "a target" by Christmas Day? Doesn't have to be debt freedom, just some sort of milestone (sub £10k / sub £5k / whatever).
Feel a bit awkward talking about aiming to clear stuff in a few months when I realise there are people out there with more significant amounts they're dealing with.0
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