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Pay off as much as you can in 2011 Challenge!

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  • Hello folks

    payday today 2011 is gearing up to be a busy one but one of the goals is to clear my CC's, overdrafts and most of my graduate loan. really enjoy all of the entries. am going to try and pretend that pay day did not happen so that I won't get too happy and start spending. so far my running total is £1145/ 6000 will need to step it up a bit am so far so good:j
    misselvis proud and in motion - dealing with her debts step by step :)DFW #107
    challenge pay off 6.5k by the end of 2017~ £388/£6500 challenge 1% challenge = 6% of debt cleared; challenge - build up 3 months emergency fund- £0/£6000
  • jwil
    jwil Posts: 22,081 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    sarahs999 wrote: »
    I had a sneaky look yesterday Jwil (slow day at work!) and we need to pay off another £39k to get to our monthly target! Hopefully lots of people will get paid in the next week and will be able to post more payoffs...

    Also noticed as I was totting up that there are quite a few people who haven't updated at all this challenge. Do you think they're still taking part? Hypno is one of them - she ran the original thread so I'd be surprised if she didn't have something good to report.

    Thanks sarahs! Hopefully we've got some good numbers coming up, but there are a couple of people who I think are expecting large payments later in the year, so we may not make it every month.

    Yes, there are a few who haven't updated, so it would be good to hear from them.
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • jwil
    jwil Posts: 22,081 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    This month, I completely cleared the balance on my Cap1 card and aim to clear this balance any time I spend on it. Total paid off credit cards this month is £530.25 meaning that my Challenge Total is now £856.40.

    My credit card debt total is now below £10000 so that's one embarrassed face removed from my sig (one face per £1000 cc debt). :)

    Well done peaceandfreedom! :T
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • jwil
    jwil Posts: 22,081 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Flash-bang wrote: »
    Hi,

    I'm new and would like to join if it is ok - it will help motivate me, especially during the more challenging months.

    I would like to clear £10000 this year - a nice round figure.

    Thanks
    F-b

    Welcome Flash-bang, of course you can join us! Good luck with the debtbusting! :)
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • jwil
    jwil Posts: 22,081 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks for the updates everyone! Off to update the first page now...
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • Payday today so made an extra payment to the Tesco CC of £184. Getting the debt busting bug and can't wait until I get my new MBNA statement so that I can pay some more money! :p

    Total now £744/£4000
    Overdrafts transferred to MBNA £953.40/£4279.80 Car insurance (on CC) £461.98/£751.98 :mad: Bank of mum and dad £1500/£5000
    Total debt repaid £2915.38/£10,031.78 (29%):T Owed [STRIKE]£10,031.78[/STRIKE][STRIKE] £7400[/STRIKE] £7116.40 Pay off as much as you can in 2011 challenge £1127.60/£4000
  • Hi All, Should be writing my assignment so quick post and back to it before a quick break - Paid another £15 today - completely forgot about a bit of p/t work so that came in handy and transferred it immediately :D Also, it's showing my money for some MS's is due in monday - hope so if it is then that's straight off target 1 - along with my regular DD to it. Then I'll have to wait a few days as finally made the decision to sell the car - it's not worth me keep repairing it but i do need a vehicle *gets me to work* so may need some more money to cover a replacement banger. Will weigh it up over the next week as ideally i still want to pay off target 1 in March :T

    £1096.31/10,000
    CC1:T £[STRIKE]2531[/STRIKE] £1460
    MORTGAGE OVERPAYMENTS: £10575.20 Target £12,100
    MF Date: [STRIKE]August 2042[/STRIKE] May 2035
    Declutter 1000 things by Xmas 2015! 53/1000
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    £44 to Tesco club, courtesy of some old tat I sold on Ebay!
  • Decided to give the bank of mum and dad £100 as well.

    So my total now stands at £844/£4000
    Overdrafts transferred to MBNA £953.40/£4279.80 Car insurance (on CC) £461.98/£751.98 :mad: Bank of mum and dad £1500/£5000
    Total debt repaid £2915.38/£10,031.78 (29%):T Owed [STRIKE]£10,031.78[/STRIKE][STRIKE] £7400[/STRIKE] £7116.40 Pay off as much as you can in 2011 challenge £1127.60/£4000
  • Counting down the days till payday as the account is empty and I can't wait to make more payments lol. Quiet weekend for me then!
    Debt free and busy treating myself:)

    No more toiletries/make up until I've used what I've got stashed since Jan 2011, graduated October 2012. Restocked Dec 13..damn those sales
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