Pay off as much as you can in 2011 Challenge!

abba1772

hiya :wave:

another £33.48 away to the credit card oh well this credit card is now next on the debt busting front so i don't think it knows what'll hit it lol

brings my total to £5698.5 / £7000

tattycath

£4270/£12,000

jwil

Impulse1976 wrote: »

Hi all

No 93 reporting in

Paid £476.94 hitting my revised total.

£11,192.56 / £11,000

Wow amazing feeling - same again next year and will be DF - Phew....

Well done :T:T:T:T:T

jwil

kdenty wrote: »

108. kdenty - £8,034/£8,034

:j:j:j:j:j:j:j:j:j:j:j


I've finally done it an paid off the last credit card. Well till they find £0.40p interest I owe them Like Barclaycard did!!

It's been a hard slog and when I started I seemed to be going backwards for so long.

Just 2 loans to pay off to clear my debt now and then maybe I can join the Mortgage Free Wanabees.

In a way it helped that there had been errors on my tax and pension payments (I'm self employed) so I had some nice lump some payments back in the last 2 months. But then thinking about it if I hadn't overpaid in the 1st place I might have paid back more at the time (I really was struggling some months)and paid less interest - so that had benefits and drawbacks!

In 2 months the bank loan is paid off then I can start paying back the Bank of Mum & Dad.

I will be free of financial institution debt by Christmas.:) This year I've leart to budget so I don't go back into that dark bad place I started out at.

Sadly Dad has been diagnosed with cancer and it's a more severe type so I was looking forward to 2012 but in a way I'm dreading it too.

Well done to you too! :T:T:T:T:T

Sorry to hear about your Dad though, fingers crossed all goes well for him.

jwil

166million wrote: »

On paper this leaves me with @£500.00 to pay off my debt this month, but I'm thinking I'll just leave it in my online savings account until the last possible moment in case of emergency.

Has anyone got any better advice for me? I know it's not strictly the place, but I am really getting bored with waiting and waiting for this to be slowly paid off! And this challenge has been a great help along the way

cakelover wrote: »

Can't decide if to take it with me to see if I can get a bit of money, or take it to the charity shop and start afresh straight away when I move? Any thoughts?

Sorry, guys, I know I'm days behind but:

166 million - would you have access to the cash if you paid off something - i.e. credit card or overdraft? If so, I would pay it to that debt, then in a *real* emergency, you could still use the card/overdraft. If not, if it's a loan say, then maybe pay half and half? Like others, I need to overpay sooner rather than later as I tend to fritter otherwise.

Cakelover - I would say if you have anything of value, then take it with you and sell it. If it's very low value stuff, then I think maybe it would be better donating it rather than having the hassle of moving it all.

jwil

Thanks for the updates everyone. I'm rather skint this month, but Friday is payday so my last payments of the month will come out then.

Fingers crossed we hit the £500k mark!

My_life

Evening all - Number 37 reporting in

£22,353/£31,000

Still plodding along and although I will not make the target by the end of the year, this challange has kept me going, so hopefully it will be repeated next year?

well done everyone

My life

DedicatedDFW

Hi all,

New total £6031.27/10,000

runninglea

Hi - paid my car dd so new total is £9,595/ £14,798

sarahs999

£35.78 off Barclacyard. It was actually m ore but I just discovered, to my disgruntlement, that BC don't take minimum DD payments if you've already made an overpayment that month. Isn't that annoying? So I thought I'd paid off more than I had. Bah humbug.