Pay off as much as you can in 2011 Challenge!

cakelover_2

Hi Everyone

Remaining amount on one of the credit cards (£70.94) paid. This is money from my Christmas bonus. Hopefully I can use the rest of my bonus for paying off the card, just need to wait till payday in case money is docked from 2 days sick-hopefully there won't be interest charge left to pay next month fom this month when the bill comes through.
Also paid £4.91 on remaining CC from cashback received. :j


Balance now £325.87/£5711.76

Keep up the good work everyone :T

rachelww1

Paid £100.64 to barclayard loan, so total to date stands at £1536.10/£16000

Muffin86

Made a small payment of £3.68 today - have calculated that if I pay this amount a day to my catalogue it will be paid off this month - yay!! I will update my signature but will post my balance on the last day of each month to make updating the list easier

Thanks x

Happytogetdebtfree

Hi muffin well done on the payment i have just updated my sig it seems even though i have paid my cards early they still take the direct debit amount because its set up ive had to cancelthe direct debits im not paying twice lol looks like il be paying the bills again now lol lol ... anyway its not so bad as im overpaying my virgion card xxx 2771 overpaid on that above direct debit so im very pleased !! xxx

Deeperblue

Well done everyone! We seem to be paying off hundreds of pounds a day together :T

Worked out that after the last of the direct debits come out of our joint account next week we'll have £45.51 remaining in the over draft so I'm adding that to my total

Also compared my car insurance today and switched to LV which means my monthlies for that have gone from £44 :eek: to £27.77 :rotfl:

Still, I feel things are going a bit slow since I need to be aiming for £1000 a month. Roll on payday!


Number 119

£93.51/£12000

Turia

Hi everyone, I haven't read all the posts yet since my last post, so i'm sorry if this has been brought up before.

How are people declaring how much they paid...Are you counting all your normal minimum payments on cards or just counting any extra overpayments made?

I've declared a £8000 target and got my number (Thank you:) ) but that is the target of overpayments I want to make in the year (if i can manage it) so doesn't take into account all my monthly min payments that go out... just interested what others are doing and how! It's a high figure but it ouldn't be a challenge otherwise right?

Thanks!

runninglea

Hi - i'm counting all mine whether min repayment or overpayment. It is all going to reduce the debt

Deeperblue

Yeah, I'm counting all payments made towards debt except mortgage payments. I'm the same as you though for setting a high target, I think it motivates me to work harder because unless I'm really proactive every month I wont manage it.

skaps

Me too counting all my payments made to my cc overpayments or minimum as this all goes towards reducing my overall cc debt.

Megadebtor

OK I couldn't wait any longer and scraped and moved money around and have managed to find another £956 and therefore was able to make an OP on one of my mortgages of £1001.00. Yiiiipppeeee. Now I can update my signature. Mind you it's going to be a while before I can do the next one. :T