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Pay off as much as you can in 2011 Challenge!

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  • rachelww1
    rachelww1 Posts: 680 Forumite
    edited 27 December 2010 at 11:47PM
    I won't have time to work it all out either once I go back to work after xmas. So can I update my total to add £61paid please. Making total £311/£16000

    Thanks jwil xx
    LBM Dec 10. Total unsecured debt £41176 :eek: Nov 12 Debt Free Thanks Mum x RIP x

    2013 Savings £250
    2013 OP £3500
  • svb53
    svb53 Posts: 214 Forumite
    Morning all, made some small payments this morning. Please could you put me down for £150 / £10,000. Thanks xx
    LBM 27/12/14.
    January Ebay and Amazon aim: £500. £22/£500 January weight loss aim 10lb. 0/10.
    1 debt vs 100 days challenge £22/£500 by 7th April.
    Nsd January aim 20. PAD starting 29/12/14 £2
  • Muffin86
    Muffin86 Posts: 275 Forumite
    Ninth Anniversary Combo Breaker
    Hiya, can I join please... £10,000 for me!! xxx
    LBM AUG 2009 - Debts £20,000+ :eek: Debts now 13,582.06
    :j Seven Debts Paid Off :j
    Snowballing to pay debts - Muffin V's Catalogue [STRIKE]£1700[/STRIKE] £1480.00
  • tattycath
    tattycath Posts: 7,175 Forumite
    Part of the Furniture 1,000 Posts
    edited 4 January 2011 at 10:52AM
    Hi jwil-count me in please, I'm aiming to pay off £12,000 in 2011-including catalogue, mortgage overpayments and extension/home improvements. :p
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • jwil
    jwil Posts: 21,932 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    inamin wrote: »
    Well I'd love to joint his too but I don't think I'm in your league. I got very large debts but I'm struggling to pay the minimums at the moment. However, I am aiming over the next 12 months to pay off £1000 of my debts...is that too little to join here? Sorry. :(

    Hi inamin, welcome to the thread. There is no minimum amount here, so you are very welcome to challenge yourself to pay off £1,000. If it's a challenge to you, then it is suitable for this thread! Every penny more we pay off our debts is a success in my mind, so you'd be just as welcome if you were aiming to pay off £200!

    Good luck with it, and keep posting for support and ideas, if you haven't done already, why not post your SOA on the DFW board, and they can give you some help with areas you might be able to cut back on. :)
    "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: 21,932 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    rachelww1 wrote: »
    Hi
    Made a payment today of £61 to a credit card but after taking interest into account, I've actually only paid £14.55 off the debt, so what figure should I use :think:

    It's entirely up to you. I see you're counting the whole payment so that's fine :)
    "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
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    First payment of the new year - £102.26 to Virgin.
  • jwil
    jwil Posts: 21,932 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Welcome to everyone who's joined! I shall get on with adding you all to the list now.

    Well done to everyone who's managed to pay some off too.

    Good luck everyone! :)
    "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: 21,932 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've just updated my total with the new figures from my reorganisation of my finances. It looks like I've paid a lot off so far, but that is all money which was already there to be taken off. Now the real work starts! :eek:
    "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
  • kec09
    kec09 Posts: 190 Forumite
    Hi everyone, I would really like to be credit card debt free by the end of the year but just can't see how its going to be possible :( I have £5k to pay off, no doubt I will be adding to that tomorrow when my car goes for MOT and will probably fail, but I would like to give it a go anyway :D
    Aiming to completely pay off the credit card in 2012!
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