Pay off as much as you can in 2011 Challenge!

nickynoo08

Happy new year everyone

Made another payment today to our loan - £180.10. Loan now at £6161.04

Nikkiev27

Please can I join? I'm aiming for £5500 big challange for me as I will be on Maternity leave for most the year! EK

Impulse1976

Hi there, please can i join in this challenge too. I would like to pay off £8,500 in 2011. Thanks

cakelover_2

Happy 2011 all, here's to clearing all, or reducing, our debts in 2011 :beer:

I'm sorry to be a pain Jwil, but can I up my target to £5711.76. Decided I will include my bank loan payments in this challenge. I feel a bit of a cheat as it's a fixed monthly direct debit rather than one I am working extra at like I am my credit card, but everyone else seems to have included theirs so why not! Thank you.

Muffin86

Hiya everyone, I have made payments off the catalogue and credit card these past couple of days - feeling good about 2011 already! xx

My_life

Number 37 reporting in

37. My Life. 1,100 / 24,000

Pay day not until the 25th, so will report back at the end of the month. Good luck everyone and happy new year!

Karmacat

parsniphead wrote: »

My payments don't start coming out until Tuesday so I feel frustrated and like I'm lagging behind. It's a very tight month this month so I can even make an extra payment to someone just to get going. Grrrr. Fingers crossed for the stuff on eb*y.

I'm the same, parsniphead - I just have one repayment now, which has penalties for overpayment; mind you, most of my target is actually pension payments, but they won't start up till maybe April ... laying the groundwork *is* frustrating, no doubt about it.

cakelover wrote: »

Happy 2011 all, here's to clearing all, or reducing, our debts in 2011 :beer:

And to you!

I'm sorry to be a pain Jwil, but can I up my target to £5711.76. Decided I will include my bank loan payments in this challenge. I feel a bit of a cheat as it's a fixed monthly direct debit rather than one I am working extra at like I am my credit card, but everyone else seems to have included theirs so why not! Thank you.

Definitely - I certainly am, its money I'm repaying, that I've earned, so why not :rotfl:

kec09

I don't get paid until the 24th so my total won't come down until then unless I manage to sell some stuff on ebay, also my car needs work and OH's car has broken down and he doesn't have the funds to fix it so it will be going on my card so my total is going to go up dramatically before it goes down, not a great start to the year

BirdSeed

Happy new year everyone.

I've just been reading all of the posts and am gutted that I can't pay anything until the 15th. Is it sad that i'm chomping at the bit to pay a bill??

I have a few pounds in my change bucket so might put it to good use on Tuesday just so I can update my total on here. Thinking also of paying off a credit account with a credit card to make use of the early settlement reduction, which will be less than the interest on the credit card. Although the credit limit on card doesn't increase till end of January. If i do this then I will need to amend the amount I want to pay off as hopefully it should be less.

BTW I've worked out what I owe just on the balances outstanding, not including any interest charges as some of them have interest already added, so if I pay them off early they should reduce. Hope that's right and makes sense?

BS

boysma

Morning all

Another 2.00 off debts today so my running total is now:

32/10,000

I get paid on 14th so i will be making small amounts until then. I am counting regular payments too as they all count towards your debt. Every penny paid is less interest for your creditors:D