Pay off as much as you can in 2011 Challenge!

abba1772

HOME SWEET HOME :j

logged into bank account and its not looking too bad, have paid £100 into Cap One card so will update signature, have taken into account DD's birthday party as well so i think I will be ok for this month just a shame I can't plough extra money into Cap One Card tho......only two more months and it will be GONE!!!!! :j:T:j

total is now £4198.88 / £7000

svb53

I've paid off another £40 off Nat West today, that's probably the last overpayment until tenant pays his overdue rent arrears again. Can I ask some advice please? How is everyone tackling their debt? One debt at a time or a bit off everything each month? Oh, my new total is £633/£5000.

Deeperblue

svb53 wrote: »

How is everyone tackling their debt? One debt at a time or a bit off everything each month? Oh, my new total is £633/£5000.

Generally I imagine people are paying off the highest interest debt first, which is what I did, got rid of the 16% over drafts and now I'm working on the 0% credit cards. Out of the 2 cards I'm throwing everything at the one whose deal is ending soonest, but in general I like to pay one off at a time so I can see a 'zero' on my spread sheet quicker

DedicatedDFW

Hi svb53

I pay my minimum payments to all debts each month and the overpayments are all going to 1 account until thats paid off and then i can start overpaying the next account and so on. i keep it all in my sig so i know where i'm up to :cool:

Like Deeperblue said i am sure alot of people will tackle the highest interest account first. I chose the card with the lowest balance though as there wasn't too much between the interest rates and personally i was hoping to find it more motivational - that i'd actually paid one thing off totally! In the meantime i've managed to open a 0% card so balance transferred alot of the £6000+ debt to that :eek::eek::eek: Still working on clearing that first target but each month all the balances are reducing

[Deleted User]

Hi All
Another £97 sent over towards the CC this morning.
Al

Debt_due_to_cupcakes

Morning all!

Yesterday me and my hubbie managed to pay off 800/8700! so the debt busting has officially begun!! :j:j

abba1772

thats another £55.83 paid off towards my couch :j

brings my total to £4254.71/£7000

abba1772

£28.65 towards vodaphone............bunch of rip off merchnats will never use them again thats for sure!!!!!

new total is £4283.36 / £7000

Pernicious

Hey everyone!

Another £50 has gone to the bank of Mum & Dad so please update 120. Pernicious - £2513.33/£5,612.40

Hope you're all well x

jwil

Thanks for the updates everyone!