Pay off as much as you can in 2011 Challenge!

jwil

rubywhatashmoo wrote: »

Got back from the IOW festival yesterday - VERY unlikely I'll have any spare money for the rest of the month :eek:

I'm still reading the thread and checking on other's progress but until next Friday I think I'm done for June! :rotfl:

Hope you enjoyed the festival ruby!

jwil

[Deleted User] wrote:

Hi folks
Well, having paid off my co-op loan and feeling quite proud of myself along with all the crap stuff that has gone on over the past few months (the death of a close family member, feeling like I am constantly running to just stay afloat all the time etc), I have booked a holiday and over spent big time on the credit card. It is this sort of behaviour that keeps me in debt.

Along with that I have been trying to start up my own business whilst still holding down a full time job and I am totally overwhelmed by it all. My work have agreed that I can go part time come August and I know that I do eventually want to leave alltogether and go for it with my business. The truth is I can't afford to completely give up yet anyhow no matter how much I can't stand going into work some days - and I need to be grateful that i do have this regular income.

Also I have been using earnings from my business to go towards debt repayment. So far I have made around £640 from my business and have none of this put away for paying my taxes.

Anyhow, I now need to add to my target the sum of £3,500 (now on the Credit Card) and £640 to be paid back to the business:eek::eek::eek:.

Please could you do that for me jwil? It is unlikely that I will have any OPs to declare until the end of the month when payday comes around.
Best of luck to all other DTWs on their journey too.
Al x

Will be back soon once I have a good look at things and work out a realistic plan of paying off my debts without racking up more!

No problem allie. Will add that on. It sounds like you've had a tough time of it recently, so hopefully the holiday will help you recharge your batteries and get back on track.

My lightbulb flickers on a regular basis, but the important thing is to get back in control as quickly as possible and hopefully it will flicker less as time goes on.

jwil

Laze wrote: »

I've been lurking too on this site, and finally decided to get registered for 2 reasons.

Anyway, I sorted myself an awesome Spreadsheet to keep track of what we have coming in (and more importanntly what I have coming in) as we split everything 50/50 down the middle - bar little bits here and there! Just mainly bills and shopping etc.

So I want to join this as I "got the urge to purge" my debts ASAP.

So after balance transferring a few cards I have back when I brought my new car at the end of last year, I have left as of now (14/6/11):

Card 1: [STRIKE]£300[/STRIKE] £0 (0% ending end of June 2011)
Card 2: £1800 (0% ending end of August 2011)
Card 3: £1000 (0% ending end of October 2011)
Card 4: £1800 (0% ending end of January 2012)
Card 5: [STRIKE]£195.70[/STRIKE] £0
Car: £19k @ £350 per month for 58 months, 2 other months at different costs for start and end payments (6 now done).

I just paid the one card off and the other one which had no special deals but I was using for a back up in case my bank balance went crap (over budgeting as usual).

With my sheet in place, I now can work on the other 2 cards. All I need to do is balance transfer Card 2 and then pay £250 per month on Card 3 until October, and the same with Card 4 (except can pay £500 per month when Card 2 is paid off).

This leaves my car and what I really need help on. I'll be posting another post for that. But please add me to this list. £5000 before Christmas (including the £495.70 I just managed to pay off!!)

Welcome to the challenge Laze! You sound like you've got a pretty good plan there. The spreadsheet sounds great! I've not managed to make myself one yet, but really ought to get round to it.

I'll pop you down for £495.70/£5000.

Good luck with the debtbusting!

jwil

sarahs999 wrote: »

poor DH. He never sees his gig money

Ah, but a happy wife means an easy life

jwil

I shall be making a payment of £50 later, haven't decided where to yet, so I'll update then.

Thanks for the updates everyone!

carrieuk

Can I join?

Ok my plan is £2500 by the end of the year spread over the following...

My credit card £350 - Current Balance £350
My overdraft £930 - Current balance - £2000
My OH credit card £900 - Current balance - £1850
My Evans card - £370 - Current Balance - £370

I need the majority of this cleared by December so i'm going to start now

jwil

carrieuk wrote: »

Can I join?

Ok my plan is £2500 by the end of the year spread over the following...

My credit card £350 - Current Balance £350
My overdraft £930 - Current balance - £2000
My OH credit card £900 - Current balance - £1850
My Evans card - £370 - Current Balance - £370

I need the majority of this cleared by December so i'm going to start now

Welcome Carrie, of course you can join us. I'll add you to the front page now.

Good luck with the debtbusting

sarahs999

jwil wrote: »

Ah, but a happy wife means an easy life

I might get that tattooed on him while he's asleep

JennyR68

I'm also a bit of a lurker, can I jump in too please. I have a CC with £3027 on it that I am trying to clear by the end of Feb 2012. So the goal for the end of this year is to clear £2322.

jwil

sarahs999 wrote: »

I might get that tattooed on him while he's asleep

I'm thinking I should probably print it out and hang it up somewhere prominent too.