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

seriousDFW

Paid off £349 today, so debt now stands at £10,373.

Could have paid off more but Christmas has got in the way!

kerri_dfw

recurrent-ostrich, but just think it's never going to get any higher than that now If you think from the point of view that you've got past the worst part, the rest is sunny & rosey albeit a bit of a tough mountain you will reach the top

Well done seriousdfw that's awesome.

I've just thrown £36.68 in my attempt to pay the c/c in full before I use it for bills. Just hoping this method works. It's making me feel ill thinking about how much I pay in interest each month, it's roughly £80ish and I didn't know this until two seconds ago. Woooooah! That's what could be my food shopping for the month *gulp*

browng

Hi everyone,

I found this forum and this is a great idea!! This is exactly what I was looking for and is just the kind of push i need. Can you sign me onboard too. Cannot wait to clear my debtby xmas 2012. What a great feeling that will be!

Can you put me down for £5230 :eek:

Lloyds overdraft £2500
Lloyds credit card £450
Lloyds loan £2280

Cannot wait to get the ball rolling to try to clear this by xmas 2012!
Will be a fantastic feeling when it clears:beer:

PedroMatias

One idea that works for me is that if you have a 16.9% APR CC, for example, when you pay a bit of it off imagine it's going into a 16.9% APR savings account. Mathematically it's the same, but it feels more productive when I think of it that way. The more you pay off, the more it snowballs, and eventually the balance will disappear! Hopefully by Christmas 2012

Magic.

dd1981

Good evening everyone :wave:

I paid a cheque for £102.31 straight into credit card today! Received from music magpie, we got rid of loads of stuff! So my total is now....

£149.42/£9,793.81!

This thread is brilliant, love seeing everyone's totals going down and welcome to all the newbies!

DD
x

RosaBernicia

My time challenge will be to leave work by 1800 - that means out in the car park, not shutting down.

Thanks Kerri, fab idea and should help me tackle a bad habit!

Rosa xx

Malmol09

This challenge is certainly spurring me on....

I can announce that I have so far paid:

£100.03 / £17630.02

I think that is 0.56%.... but please correct me if I'm wrong, maths was never my strong point!!!

I am really proud of myself so far, although I'm only making small extra payments on top of my direct debits.... every penny counts :rotfl:

Malmol09

And I've just thought, if I can make that kind of payment just 200 more times before next Christmas I will have more than completed my challenge.....

Once again - I think I've calculated that right!!

kerri_dfw

Welcome aboard browng

I've just had the biggest breakthrough ever, told OH I would rather use my PPI refund to pay off my freemans than buy a gorgeous bed *claps* and save for the bed when I'm debt free *claps* yay we have a proper goal *claps* All because I didn't want to have to tell you lot I spunked all the money :rotfl:

InsertWittyName

Paid another £80 towards the debt today.

Now at £321.48/£15,626 (2.06%)