Pay off as much as you can in 2011 Challenge!

fedupandskint

Well done kelly - a great achievement, can't wait until I can announce that for me too!

mmikailian

Hi All Monthly update £335.63 paid off yesterday as paid day which means I have now paid off the following:

£6179.87/£15,492.37 = £9,315.40 outstanding

doing well but i now have a problem do i continue making over payments to my loan as i was hoping to clear this year? I have been informed yesterday that there is a propasal to delete my job which if not successful in get anything else means i will be issued with reduncency notice from the 1st June the question i am asking here is would you continue paying off large lumps had been doing £1000 per month over payments or would you save it just in case and go back to paying the loan amount? really not sure what to do any advice?

sarahs999

Kellyjelly27 wrote: »

Fantastic news - £5899.73 paid off today - no more credit cards!! Just two loans to go, pyschologically thats great for me. Takes my total @ 15th March to£9274.94/£13,000 for 2011 so far. No more credits cards ever. Ever ever ever.:T

:eek::T:eek::T:T well done!

jwil

runninglea wrote: »

All waiting for payday - i've noticed i've not included my car loan. Am paying £250+ per month with about 15 months left, i've then got a final payment of 4K+.

What is anybody else doing about there car loans do they include it as a debt?

I don't have a car loan, but I would count it as it is still a debt.

jwil

Witchypoo wrote: »

So far paid £385/5000
Feeling quite happy about that

Well done Witchypoo, it's a great start, and very satisfying to see the figures going down!

jwil

sarahs999 wrote: »

I don't have a car loan, but I include everything that I owe in my debt total apart from my mortgage. You're paying it and it's money you owe, so I guess yes!

I include my mortgage (though not in this challenge) because it makes me feel like my overall debt is not so stupidly high as other people have mortgages in the £170ks :rotfl:whereas a debt of £40k + just depresses me

jwil

sarahs999 wrote: »

ooooooh, just noticed this is my 3,000th post. What a lot of time I spend on here! Lol

Ooh, is 3000 when you get your 4th medal? I've often wondered when that is.

You spend productive time on here though as you give good advice

jwil

goodgirl80 wrote: »

Bored.

10 days to payday! :):o:):o:):o:):o

15 for me. Boooo!

jwil

dreamdreamer wrote: »

At work my end, feeling the burn of 4 x 05:00am wake ups after a couple of weeks off! I'm flagging already and it's 20:30!!

Not technically a "pay-off" yet but put £50 across to the "loan overpayment" account today - it's such a hassle to overpay that I only do it once a month, so that can sit there until payday on the 25th when it shall be joined by a whopping £800 overpayment, things going well. That's thanks to working my a** off last month, doing 73hrs of overtime and averaging a 66hr working week the whole month. Can't say I've done the same this month - done 24hrs of overtime so far with another 24hrs booked for next week.

:eek::eek: You must be shattered! Hope the pay packet makes it all worth it though

jwil

Kellyjelly27 wrote: »

Fantastic news - £5899.73 paid off today - no more credit cards!! Just two loans to go, pyschologically thats great for me. Takes my total @ 15th March to£9274.94/£13,000 for 2011 so far. No more credits cards ever. Ever ever ever.:T

That's fantastic news, well done Kellyjelly :j:T:j:T

Thanks for bumping up the monthly total too :D