Pay off as much as you can in 2011 Challenge!

polka_purpura

hi,

ok back online with a shiny new computer and a half price broadband deal for the next year.

end of june got me down a further £80 on debt so I am now on £475 of £4,600 target. This is going to be even harder work for the next six months.

I'll try and catch up with what's going on but need to see other threads first of all.

polka purpura

seasideDreamer

Just paid off another £100 off the Post Office card so that's £2500.83/£6842.49.

My_life

cakelover wrote: »

Hi All

No payment to report but just wanted to say well done to us all to getting to where we have so far! We are half way through the year already and we are all doing brilliantly! All payments no matter how small are worth it and no debt is too small, it's still debt! Lets make the next half just as good getting rid of debts if not better! I have revised my budget for the rest of the year and I now need to find an extra £2k (give or take) on top of my usual payments to reach my target by the end of the year. I think I could do it if I put my mind to it so I need to get cracking. How is everyone finding it with finding extra money. Some if you have reached £17k this year, how have you done it? If we can share our hints and tips it will help reach our targets and the massive one we want to reach as a group. Also a big thanks to Jwil for keeping this thread going.:beer:

This post and others have got me thinking - I was begining to get a bit fed up so I decided to review what I have achieved since I started this challenge in January of this year. I have paid £7,700 off the mortgage, £6,105 off the credit card and £3,300 off the car loan taken out in Feburary - hence £17,105 so far this year (have actually paid more - but I have not counted the interest paid)

How have I done this - well I am lucky to have a good salary - but I have not seen a single penny of it since my LBM in Dec 2008 when we had £150,000 of credit and mortgage debt. Since then we live off my OH's smaller salary and have given up overseas holidays (although still have the odd short stay uk break), we no longer buy books or magazines and dont shop in waitrose any more. Clothes buying is a thing of the past, rarely eat out and friends and family have agreed that exchanging presents is overated!

However, we do live in a beautiful part of Devon and live in our forever home and it costs nothing to walk on the beach and we do that often.

I am lucky to have a partner who supports what we are trying to acheive - which is to have no debt (mortgage or credit cards/loans) by Dec 2013 - five years after my LBM. Hopefully I will keep my job until then (public sector) and keep checking into this forum to remind myself why I started this in the first place!

I dont post much - but I do log on most days to read the posts, so keep it up everyone and lets make sure that we do everything we can to make a success of this challenge

My Life

clippy_girl

hello, sorry i have not been too good with updates (read not at all )

for first few months i was paying but also adding more to debt (so in effect was not better off!)

started again properly in april and have now paid-


£3286/£7500!!!!

wow that looks pretty good written down! 44% cleared! not really thought of how much i have paid off as just focus on the amount left. think will add to my sig! have paid that in about 6 weeks :j got a bonus of £1600 but still managed to clear £1600. hmmm quite motivating! :T

kavics17

Regular loan payment out this morning, it goes down month by month because of the overpayments: £150.12.

I will be making an overpayment later today, will update in the afternoon.

2. kavics17 - £18,968.84/£24,000

o2bfree

Quidco arrived in my account this morning so I added the few extra pennies I hadin the account and sent £3.74 to nasty CC.

jimett

Hi, Newly spurred on to decrease debt, I'm aiming to pay off £2800 in 201, already paid £638. Total debt to clear (aim is 5 years) £18573. Have increased hours at work so will be able to pay more soon.

£638/£2800

[Deleted User]

Hi All
I have put another £90 across to my CC this morning. I am using earnings from my wee business to pay CC off quicker - I can pay the business back later as long as I keep a tally of it.
Allie

Topcat33

Hey

Don't you love Monday mornings! No.83, paid off £100 bringing my new total to £1632.69/£2400, still on track! Cheers Jwil for all your work.

KLee

Hello

Rubbish month coming up as a delay in paid invoices and had to pay out £400 for a course to increase wotk chances. Still, speculate to accumulate as they say. Have paid £150 off one and £47 off another. hopefully next month will be better. Keep up the good work.