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Pay off as much as you can in 2011 Challenge!

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Comments

  • jwil
    jwil Posts: 22,044 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks for all the totals everyone, all updated now.

    Could everyone please check that their totals on post 2 are up to date and correct before the grand totalisation tomorrow :D If anything is wrong, then please let me know. I think it's ok, but I may have missed the odd one, or got myself a little confused.

    I'm so impressed with how well everyone's done, and if you haven't paid off as much as you'd hoped, just remember that every single £1 extra is less debt and less interest owed to the banks! :j
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • Morning everyone, no 130 here :cool:

    Have paid £125.90 to various creditors today which brings my total to...


    £340.96/£4500



    Thankyou to Jwil for keeping track

    xx
    Pay off as much as you can in 2011 #130. £1418.70/£4500.
    Debt Dec 10 £14,133. Now £11,988 (Work in progress)
  • Speedys
    Speedys Posts: 65 Forumite
    sarahs999 wrote: »
    Well done everypne. Last day of Jan today - so totals should be totted up soon! Don't think we'll hit the £83k we need to set us on the road to £1 million paid off, but it will still be a good start. Heads down for Feb!

    Well, as totals are paid off, the interest reduces and therefore the capital payments increase.

    I think we should be good in the long run to hit the million mark. :):)
    DFW Long Haul Supporter #197 Est June 2015

    Lightbulb Nov 2009 - £83,673 Dec 2010 - £75,789.80#

    Pay off £17,500 in 2011 No 6 - £5,343.78

  • LAM2011
    LAM2011 Posts: 1,432 Forumite
    PPI Party Pooper Debt-free and Proud!
    Hi -

    # 134 final total for Jan

    2,086/10,206
  • goodgirl80
    goodgirl80 Posts: 814 Forumite
    edited 31 January 2011 at 4:02PM
    £173.27 to car
    £226 to loan [£26.00 OP]

    this will probably be all for Feb. Sig up to date wooh!
  • abba1772
    abba1772 Posts: 7,746 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Car Insurance Carver!
    DD for BOS credit card came out today so my Total is £599.23 / £3500 :j

    determined to beat this total in February lol
    NEXT TARGET: Halifax credit card DEC 22 £0 / £4499.12
    POAMAYC 2011 £6378.35 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90 POAMAYC 2017 £7278.80 POAMAYC 2018 £13208.18POAMAYC 2019 £13309.28 POAMAYC 2020 £15026.05
  • jwil
    jwil Posts: 22,044 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks Guys, totals updated again! I think we're looking good, and we still have people joining, so I think collectively we have a good chance to hit that million mark or more!
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • kavics17
    kavics17 Posts: 2,235 Forumite
    Salary fully in, £500 paid towards Lloyds. I have 2 payments going out on the second towards loans, that will top it up as well a bit.

    Total:
    £4476.92/£19,200 +
    Number 2.
  • affordmylife
    affordmylife Posts: 1,224 Forumite
    Part of the Furniture Combo Breaker
    dont forget january quite a tight month for most and we are just getting into the swing of it. i predict february will be even better.

    ive set myself a personal challenge of paying of a little more each month than the previous month. even if it is only a £1.

    i can make another payment this month but was waiting as my month end (next payday) is 17th feb. but if you need me to make a payment to get to a certain total this month let me know !!!!!!
  • kdenty
    kdenty Posts: 250 Forumite
    Part of the Furniture 100 Posts Mortgage-free Glee! Combo Breaker
    jwil wrote: »
    108. kdenty - £12.57/£7,750

    Erm mine should read minus £284/£7750 :(:(:(

    Budget not very good and low pay landed at same time as big bills so the overspend had to go on the credit cards. February might not be much better either as I can only pay off minimum on each card.

    I WILL get there I KNOW I can - it might just take a bit longer than I hoped.
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