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

stargazerselena

2,002 student loan
2,000 overdraft

mumofcookers

Afternoon all!

I made another payment yesterday of £300 which brings my total so far to £355 and leaves me with £7845!
Which is nice to get it under the eight thousand mark!
Hope everyone is having a good day.

emma2105

am i too late to join in with this?

x

hazelc56

emma2105 wrote: »

am i too late to join in with this?

x

No Emma you are not too late to join...MF0U will sort you out when they see you.
Welcome.:)

kerri_dfw

Lunch today was free yay... then I went and bought a M&S lemon cheesecake... naughty teehee

fruityslh

I've just worked out my new budget and it is very tight (fingers crossed nothing major goes wrong in 2012-I have a small emergency fund preferring to throw it all at this debt) have worked out my debt free date (paying off £15K) to be Jan 13, so I need to find an extra £500 in the next 12 months to be free by Xmas 12, see some extra OT and ebaying needs to be done.

mf0u1098

emma2105 wrote: »

am i too late to join in with this?

x

It is NEVER too late to join my dear, I'll add your name and amount on the 2nd post this evening as I shouldn't really be on here during work...

strawberryR

psychopathbabble wrote: »

Kerri how about saving with a credit union? They are ethical, and with my one at least, you can have lots of 'pots' for various different things. There isn't really an interest rate but they do pay back dividends each year from what profit they make

I use a credit union that deducts from my wage, I only have £20 a month go in and then when there is a nice sum I withdraw for what I need, only just started but will make Xmas alot easier, plus as it goes out my wage each month I don't think about it,

RosaBernicia

I think credit unions differ quite a lot so it will depend if you like the one where you live. I did look into my local one as I would have liked to support them, but was a bit disappointed to find them advertising 'low' interest rates of 28% APR :eek: - I would complain about a storecard provider doing that! Plus they only mention access via the post office - not going to work for a 9-5er

Although I've just remembered I might be able to use a couple of other unions that are based around profession rather than location... *off to google*

Rosa xx

purpleruby

Hi can I join too although I need to sit down and work out total debt this weekend so I will let you know the amount later :beer: