Pay off as much as you can in 2011 Challenge!

affordmylife

thanks so much for that. i love seeing how we are doing each month and knowing im part of that.

of the £85,500 ish you can count on me for £700 over the next couple of months. it will be an expensive summer with smaller payments and then i will finish.

good luck to everyone else xx

abba1772

well done to everyone who contributed to July's total

How many people took part last month Jwil???

kavics17

jwil wrote: »

Well, we've had our lowest month to date, but we've still managed to pay off:

July - £38, 382.72


(total paid/total target)
£414,593.58/ £1,498,950.31

Well done everyone! :T

I'm sure once the holidays are over, we will be flying again.

We've got £85,500 ish to get to the half million mark - that would be a great amount to hit!

Well done everyone! I will be making overpayment tmrw, mid month and at the end so hoping for a nice figure for August!

judpudding

Hello, I am a newbie but would like to join this challenge!

I have just graduated and I have a £1000 credit card that I would like to get rid of by the end of the year so if you could put me down for £1000 that would be great!

dreamdreamer

jwil wrote: »

July - £38, 382.72


(total paid/total target)
£414,593.58/ £1,498,950.31

Well done everyone, another £38k out of the clutches of our creditors! And thanks again to you jwil, I'm not sure I'd have made it through (motivationally speaking!) this year without this challenge. :T

PiggyBankShaker

I paid another £20 in July but forgot to report it... Sorry Jwil

Deeperblue

jwil wrote: »

Well, we've had our lowest month to date, but we've still managed to pay off:

July - £38, 382.72


(total paid/total target)
£414,593.58/ £1,498,950.31

Well done everyone! :T

I'm sure once the holidays are over, we will be flying again.

We've got £85,500 ish to get to the half million mark - that would be a great amount to hit!

:beer: Well done everyone!

I predict another difficult month next month for folks, with it still being holiday season, but hopefully after that we'll have a good couple of months before xmas to rack up payments :j

Really hope I can reach my total.

seasideDreamer

Just paid off £40 off the Barclaycard and £30 off Vigin so that's £2654.23/£6842.49. Haven't had the card statements yet so won't pay off anymore until they are through next week think.

Laze

Laze wrote:

"172. Laze - £650.70/£5095.70"

Update... But with a niggle.

I had to pay £540 off onto card 5 which was at £0 at my last update. This is due to going to London last month.

I thought ahead about car insurance. So whilst paying off a card to a 0% deal (card 2 is now transferred to recently cleared card 5), I also got the deal on transferring funds to my account. So I did this and took enough out for my car insurance due in November. Which is perfect as I usually pay on a card and end up paying that back for 3 months - meaning 3 months of interest anyway (still works out cheaper than paying monthly).

So...

Card 1: £0
Card 2: £0
Card 3: £500
Card 4: £1645
Card 5: £2472

So now two cards are down. One is ripped up (as I said in an earlier post. It being a platinum one was useless to me as rewards were crap), however card #2 that is now available is a Tesco one so will be able to start using that to get clubcard points as it's the only rewards I get, bar MBNA platinum rewards, which to be fair, the Tesco ones work out better.

So REVISED TARGET NOW. £5817.70, but with a hefty more amount paid off. on it.

£1200.70/£5817.70

It's awesome to keep a track of it here. I know now I have the following to do before deals run out:

Card 3 of £500 Paid off by End of October
Card 4 of £1645 Paid off by End of January
Card 5 of £2472 Paid off by End of April 2012

Tough tasks, but in line with me wanting to start saving come this time next summer to pay off the £19k on my car.

o2bfree

Hi All,

My first payment for August is £100 OP to Next. Making my running total £1892.57/£6000.
I now have a balance of £546 and some pennies left to pay on this and the CLOSE the account.

Some people may remember I was going to do this a while ago but a holiday which was booked and paid for happened and I decided not to pay off Next but keep the money saved 'just in case'.
Well the holiday was much more expensive than I thought it was going to be and that money got used.
But rather that than increase the debt.

So hopefully I will be paying off this month instead.

An extra note - I have been MSE for nearly a year now.
I have managed to get rid of two (nearly three) creditors so far but most of the debt has gone due to this thread

Thank you all especially jwil