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Pay off as much as you can in 2011 Challenge!

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  • debtfreewannabe321
    debtfreewannabe321 Posts: 9,456 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Well I inadvertently paid off £350 from mine & hubby's overdraft ....the Bank we are with cut our overdraft limit by £350 the day he was paid and as we were right at the limit practically,

    i guess I can look at it that it is £350 off our debt (still really angry that we had no notice of this though :mad:)

    BUT trying to be positive our debt is now 350/13,225 :beer:
    MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!
    Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200. Aug-£200.
    Total- £1362.23
    Goal pay off 1% of current mortgage in 1 year. £1650

    EF- first goal £300
    https://forums.moneysavingexpert.com/discussion/6496485/buying-a-little-piece-of-middle-england#latest
  • jwil
    jwil Posts: 22,049 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Daeheryn wrote: »

    #116 Daeheryn £394.24/£6722.58

    Could I also change my target to my actual debt please, as listed above? Thanks!

    No problem, I'll update it now.
    debtfreewannabe321 wrote: »
    the Bank we are with cut our overdraft limit by £350 the day he was paid and as we were right at the limit practically,

    i guess I can look at it that it is £350 off our debt (still really angry that we had no notice of this though :mad:)

    That is really annoying, I can understand your frustration. It would really mess up a lot of people. But as you say, it's £350 less you owe now.
    "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
  • jwil
    jwil Posts: 22,049 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks for the updates everyone!
    "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
  • seasideDreamer
    seasideDreamer Posts: 1,363 Forumite
    Tenth Anniversary Combo Breaker Debt-free and Proud!
    Just paid off £123.16 off my Amex, so that's £816.77/£6842.49, nearly down to £6000 to go :j Still have a few hundred left but don't want to be left with nothing and have to keep using the card.
    Debt free and busy treating myself:)

    No more toiletries/make up until I've used what I've got stashed since Jan 2011, graduated October 2012. Restocked Dec 13..damn those sales
  • twopoundjar
    twopoundjar Posts: 7 Forumite
    Hi All,

    Been a while since I last posted.

    Managed to make some overpayments in January which took my total paid to £764.29.

    Total payments so far this month,

    Credit Card - £124.97
    Friend & Family - £50.00
    Loan - £113.68

    This brings my total up to,

    £1,053/£6,530
    LBM January 2011 - Total Debt £13,060! Currently Stands at £11,984 - 8.24% Paid. Debt Free Target Date - June 2013
    Credit Cards - £6,582/£6,581. Friends & Family - £400/£1,250. Loan - £5,002/£5,229.
    No.113 in the "Pay off as much as you can in 2011 Challenge!" - £1,075/£6,530 - £5,454
  • beachie
    beachie Posts: 463 Forumite
    Been a while since I last posted.

    I am up another £298.94 since my last post which means I am....


    £348.94/£6000 at the moment.

    Running behind but this month should be better so should be able to make some overpayments near the end of it.
    Mortgage: [STRIKE]Jan 11 - £91830 [/STRIKE][STRIKE] Jan 12 - £89'199[/STRIKE] May 14 - £69'999 Car Loan: [STRIKE]Jan 11 - £3658 [/STRIKE] July 12 - £0! Credit Card: [STRIKE] Jan 11 - £3300 Jan 12 - £2250 [/STRIKE] Oct 13 - £0

    MFiT-T3:#43 (Half Mortgage) April 13 - £10719/£42875 (25.00%)
  • DedicatedDFW
    DedicatedDFW Posts: 4,234 Forumite
    Hi Everyone

    Well the bill I have to pay I have managed to borrow the funds at 0% so I have popped this in my sig but will continue aiming at target 1 which still has dratted interest added. Got a quidco payment in so have transferred this straight off my card: £696.01
    CC1:T £[STRIKE]2531[/STRIKE] £1460
    MORTGAGE OVERPAYMENTS: £10575.20 Target £12,100
    MF Date: [STRIKE]August 2042[/STRIKE] May 2035
    Declutter 1000 things by Xmas 2015! 53/1000
  • castri09_2
    castri09_2 Posts: 261 Forumite
    Hi everyone i made another payment this month so far i have paid £998/5988
    :j
  • o2bfree
    o2bfree Posts: 429 Forumite
    Long time no post:o

    I have made a payment today of £45.86.

    I have decided to just log my overpayments as the interest is making the payments so much more.

    Running total as sig:)
    Pay as much as you can in 2011- £3688.54/£6000
    Pay as much as you can in 2012 - £3190.96/£6000
    LBM - August 2010 - £19202.30
    Current - August 2012 - £11803.68
    Paid so far - £7398.62
  • boysma
    boysma Posts: 828 Forumite
    4.60 paid off cap one this morning.

    Total now 1337.29/10,000
    Payment A Day £15 (started 17/5/14) :j
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