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Pay off as much as you can in 2011 Challenge!

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Comments

  • jwil
    jwil Posts: 22,067 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    dentonemma wrote: »
    Hi Everyone number 43 reporting in,

    I havn't posted for awhile but in the last week I have paid off a 3 credit cards a loan plus a bit of another loan. So for June my payments £23,657. This bring my total in 2011 to £29,325.:j:T

    I have also over paid on my mortgage by £1497.

    Jwil - can you please update page 1.
    I don't want to add another target because I have only one loan left and the way it is set up i only have to make one very big payment per year, which I have already done for 2011. I hope to pay 2012 amount later this year or be able to clear it thus no debt.

    Thank you everyone for your postings they really do help.

    Wow, well done :j:T: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
  • jwil
    jwil Posts: 22,067 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Morning all number 94 reporting regular credit card payment new updated total 1345.43. Getting there slowly but surely this is defiently going to take me well into next year to pay this off but i will keep plodding on and trying very hard to do as much as i can this year.
    :(

    Don't be disheartened donna, every payment gets you a little bit closer, and if this challenge makes you pay off even £1 more than you would otherwise, then it's a success! Keep going and you'll get there! :)
    "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
  • PiggyBankShaker
    PiggyBankShaker Posts: 1,164 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi everyone,

    Got a sneaky £300 to report thanks to OH :) That takes me to £1304 of £7424
    • Mortgage over-payments to date: = £16,746
    • Original redemption date: August 2043
    • Current redemption date: July 2041
    • Debt: £15,930
    • Savings: £12,430
  • Pernicious
    Pernicious Posts: 1,786 Forumite
    Another £50 paid off to the bank of Mum & Dad, so £2407.78/£5,612.40 total now, thank you.
    :idea:Debt at July 2012: £12,862.57 :eek:
    :dance:Current Debt: £0 :j
    100% paid off!
    :think: Savings Goal for November 2016: £5000 :cool:
    :D Current Savings: £1176.24 _party_
    23.52% Saved!
  • o2bfree
    o2bfree Posts: 429 Forumite
    Hi All,

    No13 reporting in.
    No overpayments for me until later in the month as I will be off on my hols very soon.
    (All completely paid for without the use of credit - this is a first for me!)

    Once I get back I shall start the onslaught to debt freeness.
    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
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    Well done o2b free - feels good doesn't it? We paid for our holiday last year in advance, using cash. it felt really odd. And it made me realise how disconnected we've become from cash as a society - the amount you pay for a holiday is just mad!
  • suzie_wong
    suzie_wong Posts: 387 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    £30 paid to American Express yesterday. £6767.04/£10K paid so far.
    Save £12k in 2021: Jan £1834.40, Feb £1692.81
  • abba1772
    abba1772 Posts: 7,746 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Car Insurance Carver!
    £250 to cap one care.......it's offically under the 2k mark woop woop :j

    total now is £3813.11 / £7000
    NEXT TARGET: Halifax credit card DEC 22 £0 / £4499.12
    POAMAYC 2011 £6378.35 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90 POAMAYC 2017 £7278.80 POAMAYC 2018 £13208.18POAMAYC 2019 £13309.28 POAMAYC 2020 £15026.05
  • jwil
    jwil Posts: 22,067 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks for the updates everyone.

    £10 payment for me today as well.

    Hope everyone has a good weekend!
    "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
  • nickynoo08
    nickynoo08 Posts: 1,860 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Have paid another £55 to the loan today (balance now almost under 4k:j)
    Have been trying to work out what my money situation is going to be and i think things are gonna be ok, i should still be able to make additional payments to the loan its just gonna take a while longer to pay it off than first planned but hey ho not much i can do about that now.

    Running total - £2710.21/£6000
    £387.39/£196.46
    Pay my debt by End of Feb 2022
    49.28% paid!

    £199.55/£500 savings by End of April 2022
    39.91% saved!

    Make £2022 in 2022 - £20
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