Pay off as much as you can in 2011 Challenge!

jwil

brizzledfw wrote: »

Jwil good to know you're local we're a friendly supportive type down here.

Hope snow doesn't affect everyone too much and put us off our debt busting!

Those who are building savings as their challenge ..any ideas as to what to do with it? Separate account so can easily see progress? What do people find as the best motivator?

Best of luck to all!:T

We are indeed

Not having any savings myself , I'm not best qualified, but I think I would have a separate account so I could see exactly how it was growing. My debt to my DH I am paying into a separate savings account for him, and when it reaches a certain figure (not including interest) I will know I've paid him back. It just shows me at a glance how far I've got.

fizzypops

thanks jwil the figure is correct, feel a bit of a cheat as its not as much as others but im hoping this thread will give me the determination to finally become debt free.
good luck everyone :T

michmcc79

Fizzypops, don't feel like a cheat. Debt is debt, and at least you realise you are falling down a slippery slope (not literally I hope during this cold weekend! ) before it gets too bad.

I think this thread is wonderful - we will all cheer each other on throughout the year and I am actually looking forward to January when I can really start battling through! Maybe I should change my name to Battleaxe.... :rotfl:

ruby1968_2

Hello

would lkie to join does there need to be a figure or is is aiming for what you can do?

My_life

Please can I join in?

I have been slowly paying off my debts and overpaying the mortgage (slightly) for the past 2 years and have reduced the credit cards down from 28k to 7k and the mortgage down from 122k down to 97k.

I want to pay off the cc completely and reduce the mortgage to 80k

So my target is to pay off 24k by 31st December 2011

welshkaz

Hiyas can i join you 2011 please i paid most of my debt off in 2010 but got sloppy last 3 months so now still got 3 debts to pay so hopefully these will be gone soon too can you put me down for £2,000 please ...

gailey_2

Can I also join please as done pay off by xmas challanges last couple of years.

put me down for 15k thats joint debts for me and hubby.found challanges good way to stay motivated and keep track.

my debts are roughly about 5half k and hubbys 8k on credictcards/od. loans massive 15k still left.

Want to start savings as well.

fizzypops

michmcc79 wrote: »

Fizzypops, don't feel like a cheat. Debt is debt, and at least you realise you are falling down a slippery slope (not literally I hope during this cold weekend! ) before it gets too bad.

I think this thread is wonderful - we will all cheer each other on throughout the year and I am actually looking forward to January when I can really start battling through! Maybe I should change my name to Battleaxe.... :rotfl:

thankyou
im looking forward to january too!! really excited to see if i can clear the debt by the end of the year fingers crossed i can. ha ha to changing your name to battleaxe!! my ds1 calls me moaning myrtle not sure why though!! :cool:

jwil

fizzypops wrote: »

thanks jwil the figure is correct, feel a bit of a cheat as its not as much as others but im hoping this thread will give me the determination to finally become debt free.
good luck everyone :T

There is no need to feel a cheat fizzypops, your target is going to be just as tough as anyone elses. If this challenge helps you become debt free then that is a huge achievement! :beer:

jwil

ruby1968 wrote: »

Hello

would lkie to join does there need to be a figure or is is aiming for what you can do?

Hi Ruby, it's entirely up to you. I've added you to the list with 'as much as you can', but if you want to change it to a figure then just let me know