11k in 2011 challenge

loumac

All possible payments now made for this month

Original £200 for credit card, plus another £33.99.
Usual £181.94 for loan and
£50 to in-laws.

I'm no where near where I wanted to be at this point this year but have to remember that we've moved house, we're expecting our first baby, we've gone to two weddings and we haven't increased our debt once! :cool:

shadydaz

BOOO!

Hi Guys, thought I would stick my head in and see how you were all getting on?? Good to see some old timers giving it everything! Great to see soem of you doing so well, good luck to everyone and keep smiling!!

t4mof

loumac wrote: »

I'm no where near where I wanted to be at this point this year but have to remember that we've moved house, we're expecting our first baby, we've gone to two weddings and we haven't increased our debt once! :cool:

Congratulations on the baby news and I think you should be proud of yourself for having all those events and not increasing your debt - it would have been easy to do so.

drrat

What a disapointing month.....

We spent far more on new school year preperation than we planned.
We spent far more going to a wedding than we planned.
We generally overspent on top of this.
An interview for a job which would have had a healthy rise attached, which i thought I had nailed, did not go as well as I thought.
The car went in for two new front tyres, came out with new tyres, brake pads, discs and a warning on some more work that needed doing.

So my repayment plans have somewhat been dented....

My Debt repaid for the year has moved from £3899.84 to £4052.92 (37% of 11k) a net movement of £153, not quite what I had planned,

Worse still that excludes some expenses that have hit September, which will dent septembers figures. My budget for September has us paying £1400 off our debt, so I am crossing my fingers we still exceed £1000

My main target now is to by the end of the year is to clear credit cards, catalogues and pay back father in law, I was well on track but it seems this is getting trickier and trickier as the year end approaches, I am still hopeful though! No CCs and no Catalogues will say goodbye to expensive debt.

System

Hi Everyone,

Hopefully a little motivation. I recently changed jobs and was trundling along, not really worrying but not happy. I had made little inroad into the 11K until a few months back. Due to a pleasant set of circumstances I have spent the last 6 months flying around the world managing projects.

As an aside the OT got extreme, and I met and smashed through the 11K after about 2 months. I now have enough to pay ALL my creditors in full. A journey that could have taken me another 3 years.

I don't mention this to brag. I mention it so that people see there is hope. I never expected to be flown round the world to fix my companies issues. (I found out 3 days before I flew). It was a stroke of good luck. It does happen. Had anyone said I would be flown round the world all expenses paid just 18 months ago, I would have called them crazy.

So you can mark me down as having hit the 11K, through very fortunate circumstances.

Impulse1976

Wow paid £476.94 making my total to £11,192.56

Wow amazing feeling - same again next year and will be DF - Phew....

Couldn't do it without my daily read of this forum - well done everyone keep up the good work.

skaps

13000 wrote: »

Hi Everyone,

Hopefully a little motivation. I recently changed jobs and was trundling along, not really worrying but not happy. I had made little inroad into the 11K until a few months back. Due to a pleasant set of circumstances I have spent the last 6 months flying around the world managing projects.

As an aside the OT got extreme, and I met and smashed through the 11K after about 2 months. I now have enough to pay ALL my creditors in full. A journey that could have taken me another 3 years.

I don't mention this to brag. I mention it so that people see there is hope. I never expected to be flown round the world to fix my companies issues. (I found out 3 days before I flew). It was a stroke of good luck. It does happen. Had anyone said I would be flown round the world all expenses paid just 18 months ago, I would have called them crazy.

So you can mark me down as having hit the 11K, through very fortunate circumstances.

Impulse1976 wrote: »

Wow paid £476.94 making my total to £11,192.56

Wow amazing feeling - same again next year and will be DF - Phew....

Couldn't do it without my daily read of this forum - well done everyone keep up the good work.

Wow well done both of you and you still have a couple of months left. :j Hopefully I will be joining you in the near future.

t4mof

Well done to those that have reached 11k.

I can happily say I have reached the target also. Just paid off HSBC £800 :j

And another £160 has gone to MBNA.

So just one credit card to go and Feb 2012 is still the target. £4300 left on 0% till Feb so really want to do it.

I may even be able to up the repayments to £1k a month from next month because I no longer have to pay for my boys to go to after school club. Me and DH work together and our boss is allowing us to do shifts that fit around one dropping off and one picking up from school so I should be £200 a month better off from October's pay :T

t4mof

Back again as payment to in-laws yesterday of £200

I cancelled my childcare vouchers and after school club yesterday as well and if my calculations are right I may have only £900 left on MBNA by Dec 31st. So so close to clearing these cards for good... then I start on my loans!!

SazM030306

Evening moneysavers

I'm up to £5702.49 now! Not sure what percentage that is... lol

Keep up the good work

xx