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

mf0u1098

PedroMatias wrote: »

I noticed we had similar figures - we should try and keep pace with each other!

I'll edit my sig so it shows amount paid instead of amount left, to help with your table...

Let the race begin! :rotfl::rotfl::rotfl:

his_missus

antonia1 wrote: »

My flatmates have decided we need a Christmas Night Out, so I'm going to have to try and direct it somewhere cheap, as they both earn a lot more than me (tho complain they're underpaid:mad:) and seem to spend money without thinking about it.

Recently, I had a mini Christmas do with a few friends and we went to one of those Carvery pubs. It was only £3.89 I think for the meal then we just had a few drinks, fairly cheap meal out. Dunno if that appeals to you or your friends. We sat and chatted for hours

PedroMatias

Car loan pay day, so that's another step...

mf0u1098

PedroMatias wrote: »

Car loan pay day, so that's another step...

grrrrrrrrr I now need to find some money from somewhere...

Think this is going to be funny but we'll probably both end up limping over the finish line together :A

thenewscrooge

Long time follower of this thread, had a really tough year and ended up with some extra debt so over the next year I intend to clear it then start on building up my savings again!!!

Can I join please?

Thanks for all your tips, had an overdraft of £1,250 and another cc bill but thanks to Barclaycard paying back nearly £450 that is all cleared - just a shame EGG only paid back £11!!!!

Good luck everyone. :beer:

wit40iwtwan

Please can I join... I could pay all my debt off by April if I used my sharesave but we want to buy a house so i would rather continue paying debt and saving,etc - would look better I think with a mortgage lender that we could affort to repay debt and save?

SO - saying that I want to join this challenge - please add me...

PedroMatias

mf0u1098 wrote: »

grrrrrrrrr I now need to find some money from somewhere...

Think this is going to be funny but we'll probably both end up limping over the finish line together :A

You're £50 ahead of me!

At the end of this, we're all going to be so tight! I'd suggest some kind of celebration, but nobody would buy the first round :rotfl:

kerri_dfw

wit40iwtwan wrote: »

Please can I join... I could pay all my debt off by April if I used my sharesave but we want to buy a house so i would rather continue paying debt and saving,etc - would look better I think with a mortgage lender that we could affort to repay debt and save?

SO - saying that I want to join this challenge - please add me...

Normally best to pay off the debt as the interest you get charged is higher than the interest you gain from savings.:money:

Could you pay off debts then save and have that as your target for xmas? I've got that I have to save the same amount I pay off by next year eep.

Welcome aboard anyhoo

update:
downside to cabbage at lunchtime :rotfl::rotfl::rotfl::rotfl:

wit40iwtwan

kerri_dfw wrote: »

Normally best to pay off the debt as the interest you get charged is higher than the interest you gain from savings.:money:

Could you pay off debts then save and have that as your target for xmas? I've got that I have to save the same amount I pay off by next year eep.

Welcome aboard anyhoo

I agree but the share price is not at the level I would consider selling at. For me the debts are more than manageable and the biggest one (half) has a penalty for early repayment so I will watch the stock market and if it picks up to the level I want then most definately I will sell and sort out half the debt... Watch this space!

PedroMatias

kerri_dfw wrote: »

update:
downside to cabbage at lunchtime :rotfl::rotfl::rotfl::rotfl:

Tell me that didn't mean what my sick imagination told me it did?!