Pay off as much as you can in 2011 Challenge!

affordmylife

me too please. i need to clear £3,500 (ish) not sure of exact figure. i want to give up work but need to clear this first. thank you xx

jwil

fedupandskint wrote: »

Hi, I'm aiming to pay off at least 2 out of 4 CC debts next year - approx £5000. No idea how I am going to get there but will be trying all the same.

The camaradarie on here will help and any tips would be greatly appreciated too!

I have no idea how I am going to get there either fedup, I'm going to give it a shot though.

My main way of raising money will be through selling all my clutter. We've got a whole house to clear.

Otherwise I do surveys, bingoport etc, and will be glad to hear of any tips from others as well.

jwil

DedicatedDFW wrote: »

Hmm, if i get these cleared though it will mean paying more than £10,000 as they are not interest free.

I have this problem too, so my target is to reduce my 'official' debt by £14,000 (the bit in brackets in my siggie). As that is not my only debt, and it's not interest free, I will actually be paying an awful lot more than that. :eek:

jwil

affordmylife wrote: »

me too please. i need to clear £3,500 (ish) not sure of exact figure. i want to give up work but need to clear this first. thank you xx

Welcome affordmylife, thanks for joining in! Wanting to give up work will be a huge motivator for you. Good luck!

kavics17

jwil wrote: »

I'm counting the challenge as starting from yesterday, so I would count it. But if you would prefer to wait until 2011 actually starts then that is fine too, there's no real rules here!

Ok, of it is from yesterday than my £500 payment towards the loan made yest counts, doesn't it?
So: £500/£19200

Reevsey

Oh this is great, yes please to joining in. I'd like to drop my mortgage from £112160.56 to £92142.86 thats a drop of £20,017.70. Hope we keep each other motivated throughout the year.

jwil

Well I'm off the starting blocks, and my first £147 down. Only £13,853 to go :rotfl:

I've been reorganising my finances recently, so I'm likely to have a good start as my latest payments register, then things will slow down in the New Year. That's when the work will really start.

jwil

kavics17 wrote: »

Ok, of it is from yesterday than my £500 payment towards the loan made yest counts, doesn't it?
So: £500/£19200

Yep

Reevsey wrote: »

Oh this is great, yes please to joining in. I'd like to drop my mortgage from £112160.56 to £92142.86 thats a drop of £20,017.70. Hope we keep each other motivated throughout the year.

Welcome Reevsey, that's a great target, these challenges really help with the motivation.

System

Hi - hope you don't mind....rather than putting a request in I add myself and the last person - reevsey - to the list....means its less work for you jwil!!

I'm amount i've put down is the amount on the signature.....good luck to all! hopefully this time next year we will all have made our targets!

1. jwil - £14,000
2. kavics17 - £19,200 +
3. Logie143 - £2,000
4. Hypno06 - £10,000
5. KLee - £10,000
6. Speedys - £12,000
7. haz08 - £15,000
8. williamD1964 - £6,000
9. fedupandskint - £5,000
10. happytogetdebtfree - £13,000
11. brizzledfw - £6,000
12. DedicatedDFW - £10,000
13. o2bfree - £6,000
14. affordmylife - £3,500
15. Reevsey - £20,017.70
16. moaning myrtle - £12,912.21

EB69

Hi Jwil

I am having a bad morning so think (another!) challenge will be good for me!

Can you put me down for £15,828.87 please - I want to clear as much off the B'card as I possibly can! It will be near impossible I fear, but I will give it my best shot :-)