Pay off as much as you can in 2011 Challenge!

Law13

Morning AllJust thought I would update - no.43 - my new total is £1,102.60/£4,000Still a long way to go but will keep trying!!Well done everyone.

sarahs999

My life, I din't realise you were counting mortgage payments, that makes more sense as to how you got to £17,000 so quickly. I haven't included them in my debt as I think of my mortgage as something separate - are your payments overpayments or the usual monthly sums?

goodgirl80

goodgirl80 wrote: »

Payment of 204.24, total now £2775.78 paid off
£2477.68 to go

Everyone's doing so well, and seeming really positive :T Car tax/ MOT finally out of the way, couple of birthday presents to sort out and that's it for the month. Will do better in August!

jwil

rubywhatashmoo wrote: »

Had a bit of time on my hands whilst my lasagna cooked...

Right now we've paid off 25.17% of the total challenge debt

If you exclude people who have NEVER made a payment on this thread that removes £288,824.40 from the total to pay.

Taking that tidy little sum out of the equation means that the more active (as in have posted at least twice - once to be added and once to make a payment!!) members of the challenge have paid off a grand total of:

31.21%

So the absent members aren't doing our total much damage when you look at it like that!

Thanks for doing that, really interesting! :T

jwil

clippy_girl wrote: »

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

Welcome back clippy girl and well done on the payments!

jwil

jimett wrote: »

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

Welcome to the thread jimett! Good luck with the debtbusting

jwil

Thanks for the updates everyone, hope you all had a good weekend.

Welcome back polka, hope the new computer is good.

Welcome back foxy78, well done on the payments! It's nice to see people returning again.

Well done on the weightloss sarah - that's fab! I'm another with huge amounts to lose, so it's nice to hear success stories.

Sorry if I've missed anything else, it's not intentional, just brain freeze

I've paid £324 today so that's 2/10 payments to my debts now.

I'm really skint this month, so it will be a struggle to get to the 10.

Happytogetdebtfree

Hey jwill :-) xx

My_life

sarahs999 wrote: »

My life, I din't realise you were counting mortgage payments, that makes more sense as to how you got to £17,000 so quickly. I haven't included them in my debt as I think of my mortgage as something separate - are your payments overpayments or the usual monthly sums?

Hi Sarahs999

Yes I have included mortgage debt and payments in my payment and targets. I dont include any of the interest payments - just the amount of capital reduction on the credit cards, loans and mortgage. We started the mortgage (125k) three years ago and therefore are paying well over what we need to pay.

To me a mortgage is still a debt in the same way that any other loan is - so I have included it in this challenge - hope I have not done something wrong!

My Life

sarahs999

god no, nothing wrong. I'm just envious of you being in a position to do something about it! I would't include mine as it's around £140k and it would be far too depressing!