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Pay off as much as you can in 2011 Challenge!

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  • williamD1964
    williamD1964 Posts: 532 Forumite
    Ok, I am looking towards a minimum of 6k off £17000+ of debt. That's about £500 a month. All part of the greater scheme of things.
  • jwil
    jwil Posts: 21,852 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    williamD1964 wrote: »
    Ok, I am looking towards a minimum of 6k off £17000+ of debt. That's about £500 a month. All part of the greater scheme of things.

    Welcome William, I shall add you to the list. Reducing your debt by £6k in a year will be a huge achievement. Good luck with it! :)
    "If you can dream it, you can do it". Walt Disney
  • fedupandskint
    fedupandskint Posts: 10,358 Forumite
    Part of the Furniture Combo Breaker
    Hi, I'm aiming to pay off at least 2 out of 4 CC debts next year - approx £5000. No idea how I am going to get there but will be trying all the same.

    The camaradarie on here will help and any tips would be greatly appreciated too!
    final unsecured debt to repay currently £8333
    Proud to be Dealing With my Debt
    DFW Nerd 1154 Long Haul 155
  • kavics17
    kavics17 Posts: 2,235 Forumite
    Ok, one question: my loan overpayment goes out on the 30th Dec but doesn't clear before the 2nd earliest. Does it count as 2010 or 2011 :)?
  • Happytogetdebtfree
    Happytogetdebtfree Posts: 6,798 Forumite
    Hi can I join and pledge 13000 xx
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • brizzledfw
    brizzledfw Posts: 7,302 Forumite
    Debt-free and Proud!
    Hi jwil I would like to join please. Am really enjoying being part of the mortgage overpayment thread ( mortgage free in three) but also need a savings buffer so put me down for a sneaky six thousand please...

    Thanks
    Brizzle
    MFiT-T4 Member No. 96 - 2022 is my MF goal :D
    Winter 17/18 Savings Rate Goal: 25% [October 30%] :T
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista:rotfl::T
  • DedicatedDFW
    DedicatedDFW Posts: 4,234 Forumite
    Hiya jwil

    Please add me on to the challenge - My target will be £10,000 :eek::eek: :eek: Oh well it is a challenge after all ;) This will be in the form of 2 credit cards and 1 overdraft.

    Hmm, if i get these cleared though it will mean paying more than £10,000 as they are not interest free.

    Many Thanks for running this challenge jwil,

    Good luck everyone.
    CC1:T £[STRIKE]2531[/STRIKE] £1460
    MORTGAGE OVERPAYMENTS: £10575.20 Target £12,100
    MF Date: [STRIKE]August 2042[/STRIKE] May 2035
    Declutter 1000 things by Xmas 2015! 53/1000
  • o2bfree
    o2bfree Posts: 429 Forumite
    Hi Jwil,

    Please can I join. Not been round much lately but still debt-busting quietly away.
    You have always been supportive to me so I would like to join and I would like to aim for £6000 :eek:
    Thanks :)
    Pay as much as you can in 2011- £3688.54/£6000
    Pay as much as you can in 2012 - £3190.96/£6000
    LBM - August 2010 - £19202.30
    Current - August 2012 - £11803.68
    Paid so far - £7398.62
  • jwil
    jwil Posts: 21,852 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Happytogetdebtfree wrote: »
    Hi can I join and pledge 13000 xx

    Hey Happy, welcome on board!
    brizzledfw wrote: »
    Hi jwil I would like to join please. Am really enjoying being part of the mortgage overpayment thread ( mortgage free in three) but also need a savings buffer so put me down for a sneaky six thousand please...

    Thanks
    Brizzle

    Hi Brizzle, thanks for joining (I'm just down the road from you..) :)
    o2bfree wrote: »
    Hi Jwil,

    Please can I join. Not been round much lately but still debt-busting quietly away.
    You have always been supportive to me so I would like to join and I would like to aim for £6000 :eek:
    Thanks :)

    Hi o2bfree, welcome on board!
    "If you can dream it, you can do it". Walt Disney
  • jwil
    jwil Posts: 21,852 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kavics17 wrote: »
    Ok, one question: my loan overpayment goes out on the 30th Dec but doesn't clear before the 2nd earliest. Does it count as 2010 or 2011 :)?

    I'm counting the challenge as starting from yesterday, so I would count it. But if you would prefer to wait until 2011 actually starts then that is fine too, there's no real rules here! :)
    "If you can dream it, you can do it". Walt Disney
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