The "Pay ALL your debt off by Xmas 2012" challenge

mf0u1098

Hi Everyone,

I have set myself a target of paying off all my debt by Xmas 2012. I have over £16k of debt to shift so it's going to take some doing!

I've decided to start the "Pay off ALL your debt by Xmas 2012" challenge to help me get there and I hope that you will join me to!

I've also decided to start this challenge now as I only found MSE again in October and so feel like I'm in limbo waiting to start the 2012 challenges with gusto!

Just picture next Christmas knowing that you owe nothing, there is no debt and all your money is yours to do with as you please...

If you want to join me then please just post on this thread and I will add your name and total to the 2nd post. I would love for you to join me so that we can be there to support and encourage each other, and ultimately congratulate each other as we each cross the finish line, no longer DFW's but DF's. How amazing will that feel...?!

Good luck with your debt-busting people!!!


p.s. it's never too late to join!!!!

mf0u1098

The Trusty Team:

001 :jmf0u1098 £2045.85 / [STRIKE]£16,386.45[/STRIKE] 12.49%
002 :jcharleyroo £8,000
003 :jCW2 £4000 / [STRIKE]£12,459[/STRIKE] 32.11%
004 :jloubie_lou £1220 / [STRIKE]£13,876.93[/STRIKE] 8.79%
005 :jkerri_dfw £1090 / [STRIKE]£5,030 [/STRIKE] 21.67%
006 :jSuzitiger £133 / [STRIKE]£5,353 [/STRIKE] 2.48%
007 :jmumfirst £9,958.67
008 :jShopping_addict £6,431
009 :jeldestofthree £12,000
010 :jrjh35 £791.76 / [STRIKE]£15,461.76[/STRIKE] 5.12%
011 :jantonia1 £410 / [STRIKE]£3,895[/STRIKE] 10.53%
012 :jhis missus £720.09 / [STRIKE]£6,583[/STRIKE] 10.94%
013 :jfritterprincess £700 / [STRIKE]£8,500[/STRIKE] 8.24%
014 :jdebtfreeeju £1045 / [STRIKE]£9,650[/STRIKE] 10.83%
015 :jemiesq £10,000
016 :jjakes-mum £1025.27 / [STRIKE]£8,806.89[/STRIKE] 11.64%
017 :jbeachie £4,000
018 :jRoobyNooby £1,800
019 :jmazy_m £6,900
020 :jDeniseg4 £17,550
021 :jFlossy87 £130 / [STRIKE]£8,334[/STRIKE] 1.56%
022 :jClarienne £8,379.50
023 :jNatlie £707.31 / [STRIKE]£9,800[/STRIKE] 7.22%
024 :jforgottendreams £365.35 / [STRIKE]£5,854[/STRIKE] 6.24%
025 :jBobley £6,000
026 :jMrsAckroyd £10,000
027 :jGreenSaints £609.32 / [STRIKE]£22,922.39[/STRIKE] 2.66%
028 :jbanwa £1,724.78 / [STRIKE]£15,000[/STRIKE] 11.50%
029 :jlulalolly £1316 / [STRIKE]£8,276[/STRIKE] 15.90%
030 :jsalkunh £103.59 / [STRIKE]£38,028.13[/STRIKE] 0.27%
031 :jsavingforarainyday £6,350
032 :jcatapa £3,600
033 :jjimmytwoshoes £3,373.96
034 :jmoneymakermum £9,521
035 :jsydneybean £76 / [STRIKE]£5,592[/STRIKE] 1.36%
036 :jShellgsxr £1045.64 / [STRIKE]6,157.85[/STRIKE] 16.98%
037 :jalamaya £46,042.38
038 :jMiss Information £135 / [STRIKE]£2529.33[/STRIKE] 5.34%
039 :jjamescarsonlee £497.81 / [STRIKE]£10,442.39[/STRIKE] 4.77%
040 :jGemmaB1 £14,440
041 :jsnoopyfan28 £376 / [STRIKE]£8,000[/STRIKE] 4.70%
042 :jPammyH £6,500
043 :jrosiest £539.88 / [STRIKE]£8,000[/STRIKE] 6.75%
044 :jshrekkiegirl £371 / [STRIKE]£9,230[/STRIKE] 4.02%
045 :jSEASHELL £16,563
046 :jMay2013 £1766 / [STRIKE] £14,128 [/STRIKE] 12.50%
047 :jsam09 £1425.51 / [STRIKE]12,724[/STRIKE] 11.20%
048 :jCraftyTwinkle £1839.12 / [STRIKE]£10,369[/STRIKE] 17.74%
049 :jrecurrent-ostrich £805.14 / [STRIKE]£10,000[/STRIKE] 8.05%
050 :jseriousDFW £603 / [STRIKE]£10,722[/STRIKE] 5.62%
051 :jNickyanne123 £147.52 / [STRIKE]£14,247[/STRIKE] 1.04%
052 :jibnimmo £44,700
053 :jJayneTay £280 / [STRIKE]£5,000[/STRIKE] 5.60%
054 :jKatiec950 £3,162.43 / [STRIKE]£10,678[/STRIKE] 29.62%
055 :jInsertWittyName £3217.50 / [STRIKE]15,626.32[/STRIKE] 20.59%
056 :jdd1981 £1,065.58 / [STRIKE]£9,793.81[/STRIKE]10.88%
057 :jPedroMatias £2,835.48 / [STRIKE]£16,136.77[/STRIKE] 17.57%
058 :jhazelc56 £1,038.39
059 :jChoc-addict £785.86 / [STRIKE]£29979.60[/STRIKE] 2.62%
060 :jidristhedragon £174.74 / [STRIKE]2,321.54[/STRIKE] 7.53%
061 :jplum44 £17,845
062 :jXandersmum £200 / [STRIKE]£8,950[/STRIKE] 2.23%
063 :jMalmol09 £342.52 / [STRIKE]£17,630.02[/STRIKE] 1.94%
064 :jtheposhbint £279.09 / [STRIKE]£13,210.36[/STRIKE] 2.11%
065 :jKerfuffle £827.11 / [STRIKE]£12,471.68[/STRIKE] 6.63%
066 :jStrawberryR £315.74 / [STRIKE]£6,160.16[/STRIKE] 5.13%
067 :jrusty1987 £208.41 / [STRIKE]£6,527.50[/STRIKE] 3.19%
068 :jpyschopathbabble £252.21 / [STRIKE]£6,492.82[/STRIKE] 3.88%
069 :jlemonpopsicle £1010 / [STRIKE]£7,719[/STRIKE] 13.08%
070 :jRosaBernicia £510 / [STRIKE]£11,195[/STRIKE] 4.56%
071 :jAngel84 £6,621
072 :jfruityslh £1201.79 / [STRIKE]£15,106[/STRIKE] 7.96%
073 :jmumofcookers £355 / [STRIKE]£8,200[/STRIKE] 4.33%
074 :jBad Weather £11,000
075 :jMaltbyMaeve £7,731.63
076 :jnannygladys £2,200
077 :jHelen Pie £1,268.86 / [STRIKE]£16,487.87[/STRIKE] 7.70%
078 :jaffordmylife £3,000
079 :jutopiah £110 / [STRIKE]£2,260[/STRIKE] 4.87%
080 :jJan2011 £94.20 / [STRIKE]£22868.63[/STRIKE] 0.41%
081 :jfairyface £50 / [STRIKE]£40,000[/STRIKE] 0.13%
082 :jTjrw1985 £4,900
083 :jtwirly09 £1,000
084 :jSpagBol £10,000
085 :jlouisa_84 £250 / [STRIKE]£5,500[/STRIKE] 4.55%
086 :jmummychicken £______
087 :jBeccie £941 / [STRIKE]£12,234[/STRIKE] 7.69%
088 :jaccountingbod £5,518.39
089 :jrubywhatashmoo £650 / [STRIKE]£1550[/STRIKE] 41.94%
090 :jDebtfreein2011 £5,577 / [STRIKE]£22,867[/STRIKE] 24.39%
091 :jsamjl £16,400
092 :jPie £564 / [STRIKE]£7,180[/STRIKE] 7.86%
093 :jsharronej £805 / [STRIKE]£21,120[/STRIKE] 4.00%
094 :jTOOMUCHWORRY £20,000
095 :jsarah_84 £6,725
096 :jL-M £6,164.55
097 :jMunchin £425 / [STRIKE]£5,608.30[/STRIKE] 7.58%
098 :jnovagirl £80.77 / [STRIKE]£2,100[/STRIKE] 3.85%
099 :jirishnini €204.41 / [STRIKE]€12,051.15[/STRIKE] 1.70%
100 :jashleighsalem £2553 / [STRIKE]£5,701[/STRIKE] 44.78%
101 :jflowerbomb1979 £_______
102 :jDomRavioli £10,000
103 :jparsniphead £514 / [STRIKE]£19,000[/STRIKE] 2.71%
104 :jrainbowneeks £7,855.40
105 :jDeeperblue £10,000
106 :jbailey80 £34,939.16
107 :jbrowng £200 / [STRIKE]£5,230[/STRIKE] 2.20%
108 :jmust_change £4,000
109 :jMaddie57 £994.16 / [STRIKE]£28,729.16[/STRIKE] 3.46%
110 :jredmel1621 £8,247.66
111 :jjenna2007 £7,795
112 :jfloridafairy £1003 / [STRIKE]£11,241[/STRIKE] 8.92%
113 :jfedupofbeingindebt £9,000
114 :jMachine £74.40 / [STRIKE]£15,962.80[/STRIKE] 0.47%
115 :jstargazerselena £4,002
116 :jemma2105 £4,368
117 :jpurpleruby £10,813.21
118 :jmiecherox £18,883
119 :jTwelveStopsThenHome £________
120 :jtimbstoke £1,550
121 :jlika_86 £5,390
122 :jgettingthereslowly £353.64 / [STRIKE]£10,000[/STRIKE] 3.54%
123 :jSuperheavy £814 / [STRIKE]£10,762[/STRIKE] 7.56%
124 :jskaps £6,231.61
125 :jcarer adrian £5,000
126 :jTrevor64 £23,331
127 :jtrying hard £566 / [STRIKE]£19,900[/STRIKE] 2.84%
128 :jTwigs2205 £18,000
129 :jMiss C J £30 / [STRIKE]£5,620[/STRIKE] 0.48%
130 :jDorsetGirl £516.69 / [STRIKE]£7,873.87[/STRIKE] 6.56%
131 :jzalnpl £6,000
132 :jjaneypoo £3,000
133 :jCredit-Crunched £1918.96 / [STRIKE]£13,946[/STRIKE] 13.75%
134 :jCynical Monkey £3967.71 / [STRIKE]£13,292.93[/STRIKE] 29.85%
135 :jJanuary20 £173.02 / [STRIKE]£1,786.19[/STRIKE] 9.69%
136 :jthenewscrooge £9,626
137 :jwit40iwtwan £10,847.73
138 :jDolly Rocker £322.99 / [STRIKE]£8,531.47[/STRIKE] 3.79%
139 :jclaresy £11,431
140 :jOn_a_mission23 £10,000
141 :jftm2009 £12,203.48
142 :jvelvet27 £92 / [STRIKE]£2,700[/STRIKE] 3.41%
143 :jmoney free 2011 £16,600
144 :jteresa £4,500
145 :jgemred_21 £160 / [STRIKE]£15,313[/STRIKE] 1.04%
146 :jdizzybee £10,222.55
147 :jKimsmum £128.09 / [STRIKE]£11,578.09[/STRIKE] 1.11%
148 :jtwomanyshoesfortwofeet £7,000
149 :jcamuk81 £830.61 / [STRIKE]£12,516.23[/STRIKE] 6.64%
150 :jPoorish Panda £33,381

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Continued on next post

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mf0u1098

151 :jhappymoneysaver £7,500
152 :jmrso2b £447.49 / [STRIKE]£12,000[/STRIKE] 3.73%
153 :jgonnabedebtfree £26 / [STRIKE]£34842[/STRIKE] 0.07%
154 :jMama £17,000
155 :jFlickering Ember £_______
156 :jlittlefish123 £8,234.18
157 :jDaisyCat £70 / [STRIKE]£20,300[/STRIKE] 0.30%
158 :jImpulse1976 £489.72 / [STRIKE]£13,543.80[/STRIKE] 3.62%
159 :jMymamma £17,953
160 :jgh4662 £32,836
161 :jsavebabe £16,000
162 :jashers6976 £12,000
163 :jNod Off £2,915
164 :jbridgetkate £5,200
165 :jcj75 £20-25k
166 :jrictus123 £710.81 / [STRIKE]£13,500[/STRIKE] 5.27%
167 :jmisslauren $170 / [STRIKE]$8,100[/STRIKE] 2.10%
168 :jhummingbird £15,000
169 :jRSYCAMORE £4,000
170 :jtwoboysmamma79 £20 / [STRIKE]£9,924[/STRIKE] 0.20%
171 :jSkintbint £1,500
172 :jRaspberrysauce £28.96 / [STRIKE]£11,051.73[/STRIKE] 0.26%
173 :jtippingpoint £8,800
174 :jwebitha £15 / [STRIKE]£5,350[/STRIKE] 0.28%
175 :jGorgeestwo £5,500
176 :jFannyAdams £3,000
177 :jloveday69 £120 / [STRIKE]£4,886.18[/STRIKE] 2.46%
178 :jspartan59 £753 / [STRIKE]£15,385.92[/STRIKE] 4.89%
179 :jCalling14 £12,224.35
180 :jNatterjack88 £1399.54 / [STRIKE]£10,000[/STRIKE] 14.00%
181 :jChristina F £_______
182 :jcurioustom £4,460
183 :jLost and nervous £3,000
184 :jgeorge £13,500
185 :jLB29 £_______
186 :jFiddlestick £6,403
187 :jFortunePig £14,500
188 :jKellyjelly27 £17,850.12
189 :jjazzypinkpuppet £12,100
190 :jjudpudding £3,000
191 :jFREEZ £100 / [STRIKE]£4,000[/STRIKE] 2.50%
192 :jmuppets £80 / [STRIKE]£1,000[/STRIKE] 8.00%
193 :jKillmark £1,066 / [STRIKE]£8,596[/STRIKE] 12.40%
194 :jMissShoes £7,124
195 :jplzhelpmesave! £6,000
196 :jRobo787 £20,000
197 :jandrinaperry £2,795
198 :jFedupofbeingindebt £9,500
199 :jmiss empty piggy £______
200 :jsuperduperloop £3,086
201 :jjammydodgersandrhl £1,700
202 :jmigraineboy £16,000
203 :janguk £3,497
204 :jZarZar1990 £10,000
205 :jLinzight £3,950
206 :jrich8996 £17,881.50
207 :jphoebesmum2105 £6,500
208 :jKat10 £10,000
209 :jnicola1303 £2,650
210 :jkarenann76 £16,950
211 :jSeduLOUs £400.11 / [STRIKE]£3,950[/STRIKE] 10.13%
212 :jrolopolo1965 £11,300
213 :jmisskwa £8,000
214 :jminx1985 £12,718.15
215 :jiwanttogoonholiday £6,809
216 :jPurple_Sunshine £19,000
217 :jAmy83 £6,000
218 :jflyingmamma £8,000
219 :jcherylelizabeth1 £4,150
220 :jk30lly £30.81 / [STRIKE]14,382.21[/STRIKE] 0.21%
221 :jmichelle2904 £11,255
222 :jbottleofred £3,000
223 :jlancashirelassie £7,050

So how am I going to achieve this ridiculous target...???

Well, I've set aside as much disposable income aside as possible and will reduce my budgeted spence each month until I find a limit that is do-able.

On top of this I will be listing stuff that's been in boxes for months/years to earn extra money (and de-clutter at the same time). I've also been looking at doing car boots (in the spring although there are some christmas jumble fair type thingys about. I've also seen some craft fairs out there so will have a mooch around on saturday at one and see what type of things they sell and prices to see if it is worth me trying selling my home made xmas cards...

I've asked that all birthday and christmas money is paid to me in £2, £1 or 20p coins so that they can get added to my pots straight away without the temptation of buying things that I really don't need!!! I'm going to wear a lovely dress for my works xmas do that I bought several months ago rather than get something new and I've dyed my hair back to it's natural colour so save on hairdressing costs! To be honest, I love being a brunette now and have had loads of compliments.

My family and friends have agreed on spending limits for xmas of £10 to cut the cost of christmas for all. For one xmas pressie (or should I say 2 as it's my sister and her boyfriend) I've arranged to give her my clubcard points as I dont need anything in the Rewards but she's just bought a house so it can be worth up to £72 to her. Pretty good deal I think as she gets a present worth £72 and it's not even come out of my budget so it's like I've paid off 2 presents for free!

Have you got any ideas...? xxx

charleyroo

Hi, can I be added please?

Sounds stupid but I've just had an unsecured loan out for a car (I would like to move my thread to this board, to build my story and work towards paying it off) and I want to pay it off within 12 months!

mf0u1098

charleyroo wrote: »

Hi, can I be added please?

Sounds stupid but I've just had an unsecured loan out for a car (I would like to move my thread to this board, to build my story and work towards paying it off) and I want to pay it off within 12 months!

Lovely to have you onboard charleyroo!!! Can you please let me know what amount of debt you are planning to get rid of so I can add it to the 2nd page. Each week then I can update the totals paid off by each person.

CW2

£12,459 for me please! God that sounds a lot

charleyroo

thanks! My debt is/will be £8,000.

loubie_lou

Stick me down for 13k lovely!

CW2

Ideas for paying off this humongous debt:

• Setting and sticking to a very strict budget each month allowing maximum overpayments on debt;
• Trying to squeeze budgets throughout the month and pay any spare on the debt e.g. if food is £100, try to spend £97 and pay £3 off debt!
• Looking at "needs" in a different way e.g. do I really need that night out, toiletry item, hair cut, clothes, etc or could it wait a bit longer?
• Do lots of surveys and use money to pay off debts/points/vouchers for gifts/small treats to keep sane;
• Walk whenever possible to reduce petrol costs;
• Put a jumper on and avoid using heating unnecessarily (maybe after the cold winter though, I am up North after all);
• Do cheapo entertainment/socialising e.g. nights in, DVD nights, walks out, nothing expensive!
• Search for fabulous presents for people that look expensive but aren't - try to always find bargains!
• Carboots!
• Amazon sales (can't stand e-bay!)

...it sounds so easy...:p

kerri_dfw

Challenges

List of challenges official page

Spending less
2012 Frugal Living Challenge
All New 100 Day challenge!
No More Buying Books Until I've Read the Ones I've Already Bought
No More Buying DVDs Until I Have Watched the Ones I Already Own
Storecupboard challenge

Saving
"Sealed Pot Challenge 5" (2012)
Virtual Sealed Pot Challenge 2012
£2 Savers Club Part 5 - 2011
£365 in 365 days...... the 2011 challange

Paying off debt
Pay One Debt 2012!
A Payment A Day - Part 11!
Loose change pays your debt challenge
2011 mfw
Mortgage Free by 40 challenge
The Mortgage Free in Three - Take 2 challenge (MFiT-T2)
***The A Fixed % of Money Left After Bills Goes On Debt Challenge***
Pay off one debt in 100 days part 7 (1-12-2011 - 10.3.12)

Earning more
eBay challenge for 2011 / **!!!!!! Make Me Rich This Year eBay or Else!!**
challenge Make £11,000 in 2011 The Dribblers Advance
Make £10 per day in November. All WELCOME!
Slice the pie (FAQs re Slice the Pie)
Daily clicks challenge

Money neutral
***New*** Thrifty Gifty Money Making for Christmas and all occasions 2011***

Lose weight
DFW lets get rid of the lbs without spending £££s
Murphys No More Pies Club
Lose Weight 33
Weight Loss the Old Style Way
May marches on weight loss wise!

Other
The giving up/cutting down on diet coke or caffeine challenge
Exercise at least 3 times a week
The Giving Up Smoking Thread - Part 3
The Giving up/ Cutting down Alcohol support thread- number 10
The 101 in 1001 Project - What would you like to achieve?
Use it or lose it
The Great Declutter Part 3 - 2011

Please PM me if I've missed off one that you're intersted in lsting here.

Hints

1. Decant liquid soaps/shampoos/conditioners into pump dispensers
2. Use a puff or sponge, one pump will go further
3. Meal plan
4. Start a DFW diary
5. Ebay/amazon your clutter it's surprising what people will buy
6. Use price comparison websites for everything
7. Use cashback sites
8. Buy in bulk when a good deal is on
9. Pay attention when purchasing products, just because it's bigger doesn't mean 2 of the smaller wouldn't be cheaper
10. Look at the bottom & top shelves first
11. Write and stick to a shopping list
12. Don't be scared of bills, open them, then talk to us for support
13. CCCS are free and there to help, call them if feeling swamped
14. Think "do I want it or need it", then sleep on it for a fortnight, do you still want it?
15. Accumulate as many NSD's as possible
16. Take your lunch/coffee/tea to work with you instead of buying it
17. Try some of the challenges they really help

CW2

Oooo Loubie Lou, you're starting on a lower figure based on what you're hoping to pay by end of year - should I do same? I've put my current debt figure down but it should be a bit less by end 2011...what does everyone think?