Pay off as much as you can in 2011 Challenge!

jwil

Cliff1805 wrote: »

I would like to join please if I may. My total debt at the end of Jan was £19294. I have paid off £1789 so far.

Thanks

Welcome Cliff, of course you can join us! I'll be updating next week, so will add you to the list then.

Keep posting, and good luck with the debtbusting! Well done on what you've paid off so far.

kdenty

I feel like I've been making some progress although when you look at the sums it doesn't seem much.

Paid off £815 from my target of £8034 from the credit cards.



However...

• Managed to use one credit card to balance transer and have a 0% deal for a time.
• Now have 3 credit cards in instead of 4 to pay off.
• All my spending is budgeted for and no longer spending on my credit card.
• Have saved £700 so far for the big bills that land July (all those once a year bills land July and December for me). It still might not be enough but at least it's less to go on the credit cards.
• My 2 loans have 2 months (£36 pcm) and 7 months (£380pcm) left till they are paid off. The fixed rate on the mortgage ends July (currently 5.25% dropping to 2% above base). I plan to put the split the £250 I wont be paying between debt and savings (have a buffer in case the interest rates start to go up). I'm looking forward to these dates.
• I'm really enjoying making savings and tracking my progress now. Every month I seem to be chipping away at the debt now as opposed to it just getting higher and higher.
• I have an Easter egg to eat in the fridge.

:rotfl::rotfl::rotfl::rotfl:

suzie_wong

I just realised that I forgot to report a small payment of £30 to American Express, giving me £5212.47/£6000 paid
I think I might just reach my target next month- not bad considering I only started at the end of February!!
That doesn't mean the end of my debts- far from it in fact- but I will set myself a revised target and see how I go.
I am loving this thread- seeing how much I am paying off is a real motivator (on the other hand, seeing how much money I could have had to spend is not so good )

wigwam

well done suzie :T:T

You are making me feel bad - I need to up my efforts (so all good really!!)

and Kdenty - you are doing well, dont get disheartened.
I think it takes a fewdays / weeks or for me months to stop spending and start shifting into repaying mode.

Keep it up!

Elmo1985

Hi!!! I'm a newbie / well bit of an oldie actually but i forgot my password for my old email account and have had to make a new one!!! Anyhow im wanting to pay of £2500.00 by August - baby due in September so need as much spare cash as possible. This will leave me with just one credit card debt left which will be my challenge to pay off next year ( if possible!)

speak soon x

suzie_wong

wigwam wrote: »

well done suzie :T:T

You are making me feel bad - I need to up my efforts (so all good really!!)

!

Thank you

I still have a looooong way to go to clear my debts, and it won't be quite at the rate of the last 3 months, as I cashed in a savings/insurance plan ans used £3500 of that to pay off some of my debt.

Still, it's going well and for the first time in years it feels as though I am heading in the right direction

boysma

Hi all

Just back from hols and itching to get repaying debts again:D 22.90 paid off cap one this morning to round down my total. I still have 3 weeks to pay day (5 week month:() so will have to be moderate with my debt repaying but hoping to at least get to 3000 before then (gulp).
My running total now stands at:

2852.32/10,000

Happy Easter :easter_ba

[Deleted User]

Hi All
Paid another £510 this morning to loan repayments. Hope everyone has a Happy Easter.
Allie

choogirl

Hi Jwil

I have paid £613.00 today for number 31 making £4581.85 in total :j

Happy Easter :EasterBun

boysma

Morning all,

25.00 paid to cap one cc this morning making my running total now:

2877.32/10,000