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Pay off as much as you can in 2011 Challenge!

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  • As I can't overpay loans, every spare bit is going in an account - so £110 gone in today from underspend on food budget and left over fun money (my months go 15th-14th) Taking grand total to £10,019/£13,000. Chuffed to bits we have hit the £10K mark!
    [STRIKE]Nov 2010 £33,319[/STRIKE]:eek:,January £17,214=48% paid[STRIKE]24[/STRIKE]16 paydays to DFD
    Pay off challenge 2011
    #52 £16K/£13K:TPay off challenge 2012 £635/£17,851
    Grocery challenge - not good
    Weight loss 15/28lbs AFD - J 5/16. NSD 3/12
  • ElmerFudd
    ElmerFudd Posts: 444 Forumite
    Mind if I join this? A bit late I know but I have a credit card that I want to try to get paid off this year. At one point the debt was at £10,600 on this card. I have already paid off £800 as of this month but hopefully more will be paid off as the month continues.

    I enjoy a challenge!!
    Debt at worst: £33000 (Feb 2011). Present debt: £25610 (Apr 2012)
    Lloyds old (22.4%) = 560 (Dec 2012)
  • wigwam
    wigwam Posts: 234 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Happy Friday to you all too!!

    This month is dragging..... could pay of more but with school holidays need some cash for fun things - cant sit around the house all day

    I was going to post an update each month but it seems like ages away so will make an interim update....
    602.90 made so far this month making a new total of ooh......£1913.28 / 6000

    Right...new motivation kicked in - I get paid next week so I will break through the £2300 mark by the end of the month!!!!
  • jwil
    jwil Posts: 22,093 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As I can't overpay loans, every spare bit is going in an account - so £110 gone in today from underspend on food budget and left over fun money (my months go 15th-14th) Taking grand total to £10,019/£13,000. Chuffed to bits we have hit the £10K mark!

    Well done on hitting the £10k mark, that's fantastic! You are storming towards your target! :T:j: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: 22,093 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ElmerFudd wrote: »
    Mind if I join this? A bit late I know but I have a credit card that I want to try to get paid off this year. At one point the debt was at £10,600 on this card. I have already paid off £800 as of this month but hopefully more will be paid off as the month continues.

    I enjoy a challenge!!

    Welcome to the challenge ElmerFudd, it's never too late to join us!

    I'll pop you down as £800/£10,600 hope that's ok with you?

    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: 22,093 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wigwam wrote: »
    Happy Friday to you all too!!

    This month is dragging..... could pay of more but with school holidays need some cash for fun things - cant sit around the house all day

    I was going to post an update each month but it seems like ages away so will make an interim update....
    602.90 made so far this month making a new total of ooh......£1913.28 / 6000

    Right...new motivation kicked in - I get paid next week so I will break through the £2300 mark by the end of the month!!!!

    Yep this month is dragging for me too. Still got 2 weeks til payday :(

    Interim updates are good too as they help keep us all motivated!

    Here's to getting to £2300! You can do it! :j
    "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
  • wigwam
    wigwam Posts: 234 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    jwil wrote: »

    Interim updates are good too as they help keep us all motivated!


    True JWIL!

    I promise to give more and not just lurk for motivation!

    Great job keeping us all going :j
  • Walnut
    Walnut Posts: 70 Forumite
    Part of the Furniture Combo Breaker
    Made a few small overpayments today and managed to round my total off to £400.:j:j

    £400/£4000

    Hopefully I'll get a few more payments in before the end of the month.
  • suzie_wong
    suzie_wong Posts: 387 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Paid £449.74 to Barclaycard today, taking me to £1887.32/£6000 paid :D

    Also asked to close my account with them, and was told that I 'might' receive letters in the post offering me a reduced interest rate and 0% balance transfer offer in the next few days :j
    They also credited my account with £20 to apologise for 'the frustration of my interest rate being too high'!!:T
    Save £12k in 2021: Jan £1834.40, Feb £1692.81
  • andyjsg
    andyjsg Posts: 15 Forumite
    Well got some money owed to me a bit earlier than expected so another overpayment of £500 off my NRAM loan, wanted to pay more but have to be careful now as housemate is moving out and I can't expect my other half to pick up the £825 per a month difference in costs (I think she will pickup some of it which will help a lot and give me more money to overpay).

    No 159. £3131.94/£14,949.81
    Mar 11/Current: £14949.81/£0 100%
    NRAM: £9904.81/£0
    Northridge: £5557.87/£0
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