Pay off as much as you can in 2011 Challenge!

boysma

Morning all,

5.67 paid today to cap one cc so making my running total:

2516.34/10,000

Looks like a cloudy one here today so will fit in a walk at some stage but have no excuse not to catch up on housework:(

Enjoy the rest of your weekend folks:A

boysma

KLee wrote: »

Haven't been on for a while as have been working very hard but this has all paid off. What with some invoices coming in and no lunches or smoking I have been able to pay off 436.26 off my Virgin credit card and it is now at ZERO!!!!! Hurrah. It's been cut up for a while but can now ring and close the account. Really pleased to see with how well everyone is doing. Now it is time to face the bank loans!! Good luck and have a fabulous weekend!!

Sorry only catching up on reading posts now - congratulations on paying off your virgin cc:j Must be a great feeling - can't wait till it's me:D

boysma

fedupandskint wrote: »

Inspired by the % calculations going on here I have paid off 37% of my target for this year! Nice one :j

Well done on paying off so much in the first quarter of the year:j It's amazing what you can achieve with small regular payments.

kavics17

I did my calculations as well, and paid off 42% already!!! I just trully hope I can keep up the good work and the debts will be gone soon!

kec09

Hi all
Managed to pay off £1000 as I got back some money I was owed

total now 1323.23/6400

pinkarsenalprincess

22% paid off.....must try harder! :rotfl:

Am due a reasonably big car insurance payment soon. Really wish it would hurry up as it is going straight towards paying off debts. Third party insurance company are taking far too long sorting out their paperwork :mad:

[Deleted User]

Hi All

Paid £100 to my Mr T credit cards today. Am hoping to pay it off by end on next pay day - 25 March.
Well done on all the overpayments and welcome to newcomers.
Allie

suzie_wong

£9.22 paid to Barclaycard today, taking me to £821.05/£6000 paid.

Just worked it out to be 13.6% of my target paid, which isn't too bad considering I started so late (28th Feb)!

Walnut

suzie_wong wrote: »

Just out of interest, is everyone putting in just what they are paying towards their debts, or are they working out how much their debt has reduced by once interest is taken into account? I am putting in what I am paying- my debts are certainly not reducing by the same amount :mad:

I'm only including anything above what the minimum payment is. I would always pay the minimum payment at the very least and I'm using this as an incentive to make a lot more overpayments.:)

sarahs999

suzie_wong wrote: »

Paid off another £120 yesterday, taking me to £811.83/£6000 paid.

Just out of interest, is everyone putting in just what they are paying towards their debts, or are they working out how much their debt has reduced by once interest is taken into account? I am putting in what I am paying- my debts are certainly not reducing by the same amount :mad:

I'm in the lucky position where I'm not paying any interest so it doesn't count for me. But I always include my minumim payments in the amount - it's still being paid off, even if it is compulsory! Otherwise my total would look really teeny :rotfl: