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Pay off as much as you can in 2011 Challenge!

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Comments

  • jwil
    jwil Posts: 22,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    sarahs999 wrote: »
    Pernicious, when I have to make any extra purchases that add more debt, I don't count them. I just pay them off and leave my old total as before. Otherwise it gets 'cheaty', cos you look like you've paid off more than you have but actually your net amount that you've paid off is lower. I think that's what you were saying as well!

    Congrats on the wedding.

    I do this too.
    "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: 22,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks for the updates everyone, keep those payments coming in :D
    "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
  • boysma
    boysma Posts: 828 Forumite
    Hi all

    Just paid £25 into my ISA savings so running total now at:
    £2290.82/£10,000:j
    Payment A Day £15 (started 17/5/14) :j
  • Needhelpsaving
    Needhelpsaving Posts: 1,083 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No 62 - paid £111.16 off of my CC.
    2022 Target - Reduce new mortgage balance after house move - Part 1 (Ported) Starting balance £39,982.12 currently £37,242.19 Part 2 Starting Balance £101,997.88 currently £96,197.38 (as at 19/04/2022)
  • jwil wrote: »
    Welcome Allie, of course you can join us! Good luck with the debtbusting - shall I put you down for £9k? :)

    Hi jwil. Yes, please put me down for £9K. Many thanks for running the thread and the inspiration.
    Allie
  • Reporting in again for this month. Made a payment of £625 so I have now paid back my Mum. Yeah bank of mum is now £0. :j

    New amount

    47. newlifeahead - £1875/£6,000
    Smile loan - £2821.98 / £0:)
    Lloyds CC - £3102.54 / £3071.51
    B'Card - £7615.65 / £7444.30
    Bank of mom - £6000 / £6000
    28/02/17 £ 19,540.17 / £16515.81 05/04/17
  • abba1772
    abba1772 Posts: 7,746 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Car Insurance Carver!
    Paid off another £30 as my DD for Vodaphone came out....only 2 more payments to go and its done :j

    brings my total to £1673.88 / £3500 :T
    NEXT TARGET: Halifax credit card DEC 22 £0 / £4499.12
    POAMAYC 2011 £6378.35 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90 POAMAYC 2017 £7278.80 POAMAYC 2018 £13208.18POAMAYC 2019 £13309.28 POAMAYC 2020 £15026.05
  • boysma
    boysma Posts: 828 Forumite
    Paid another 159.85 off credit union loans last night making my running total now
    2450.67/10,000:j
    Payment A Day £15 (started 17/5/14) :j
  • fedupandskint
    fedupandskint Posts: 10,358 Forumite
    Part of the Furniture Combo Breaker
    Another £70 paid to nasty CC for this month making it £1817/5000

    This means next month I'll break the £2000 repaid mark. Something I would not have taken any notice off before and would have left the CCs at their min repayment

    CC1 balance is £1594 now from the original balance of £1972 in Jan. If I carry on with this level of overpayment I will pay it off this year then time for the next one.

    Onwards and upwards everyone, great repayment totals on here keeping me motivated.
    final unsecured debt to repay currently £8333
    Proud to be Dealing With my Debt
    DFW Nerd 1154 Long Haul 155
  • o2bfree
    o2bfree Posts: 429 Forumite
    No13

    Made another overpayment last night of £50

    So running total is now £1005.82/£6000

    Over the £1000 mark :j
    Pay as much as you can in 2011- £3688.54/£6000
    Pay as much as you can in 2012 - £3190.96/£6000
    LBM - August 2010 - £19202.30
    Current - August 2012 - £11803.68
    Paid so far - £7398.62
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