Pay off as much as you can in 2011 Challenge!

novagirl

A direct debit has gone out to one card of £19.38 so that's a little bit extra for me... off to do some more reviews and surveys whilst I wait for payday to roll round again.

TOTAL £119.38 paid off (for when you're updating...thank you )

Happytogetdebtfree

some more nice numbers off for me keep going everyone xxx

kavics17

Direct Debit is going out for loan repayment, a mere £646.92.

So my new balance is:

£2846.92/£19200

I'm afraid this will slow down from now on, no more Xmas bonus for another year...

jwil

Hi everyone, sorry I haven't been on for a couple of days, got called back to work early :mad:

I will get on and catch up over the next couple of days and add all the newcomers.

Welcome to everyone new, and well done to those who have made payments!

Happy New Year everyone :beer:

dreamdreamer

That sucks jwil - hope you're being paid extra for the privilege!

Called and paid off my finance today for my laptop and TV. £830 in total. That brings my running total to:

£1166.54/£5000 :j

and means I'm broke for the rest of January! Lol

The next few months will be much slower going, I just did a LOT of overtime in November that I've just been paid for. Don't think they'll be that much going until April - they always realise they're overbudget and cut all the overtime as the financial year draws to a close!

Emily87

Emily87 wrote: »

I am in if you'll have me! So far £70/£1000

Changing my target to £7500 dont think I quite grasped the original concept . This includes all loan/cc payments min payments and good amout of extra payments! Here's hoping!

fizzypops

happy new year everyone, good luck and i hope we all reach our targets.

thriftyscotslass

Hi jwil & a Happy New Year to all :beer:.

Could I join in please - I would like to aim to pay off £10,000

Not much if you say it quickly. Deep breath and off we go :j.

Tabbitha

Hi,

Can I join please for £15,000

Thx Tabbi :j

Batfink

Hi all,

Hope you don't mind another joiner, just in time for the new year.

It's a bit of a pathetic story really. With the help of some similar challenges I managed to clear my almost £30,000 worth of debt that I'd amassed via loans and credit cards a couple of years back now. So, what am I doing here you may wonder?

When i paid off my debt I had a nice car, but it cost a lot to run so I sold it and bought a much cheaper car to run - even ended up with money left over. Time went on and I convinced myself that I wanted something more flash, so used my perfectly good little car as a deposit towards a PCP agreement on £30,000 Mercedes. 12 months later I decided it wasn't fast enough so paid about £1000 plus the car to settle the finance and used pretty much all my savings (£2000) to put down a deposit on a sports car. I hated it and it was costing me a fortune - so again I settled the finance and got a sensible car again - which is fine, but because I spent all my savings is on finance.

Anyway - so I owe £11,000 on my car finance and then I've got £13,000 of student loan that I'd like to see the back of.

My aim for 2011 is to pay off the car, so put me down for £11,000 please - and the student loan can be the job for 2012!

x