Pay off as much as you can in 2012 challenge!

archery

Good morning

another week of living out of the cupboards and freezers (week 6) still got stacks of food so should be able to keep this up for some time to come. also found 20p on my travels.

so made a top up payment on my mortgage today of £20.20

looking to pay my mortgage of one year early and only 5 payments left on my car.

new totals below


number 89
archery -£5571.49/£13,500

jwil

ZoeLayla wrote: »

sent off PPI claim form today so will hopefully have some extra to pay towards my total fingers crossed!

Fingers crossed ZoeLayla, hope you get a nice refund

sarahs999 wrote: »

A cheeky £26 or so to bring my total paid off to £3k - that's a third of my target! Jolly pleasing, even though I won't make it to 9K this year. BUt we will pay off all our debt (a chunk of that 9k was going to be savings). If I can end the year with some sort of savings I will be thrilled.

Well done Sarah! :T

Kerrymap wrote: »

Decided to take on Martins advise and look at the amount of interest I would be earning and compare it to the interest on my debts and there was a massive difference so chose to use my savings and make some massive payments.

So I have paid my car insurance, paid my student load, and totally happy that I can now say I have paid for my car its alllllllllllllllllll mine now yahooooooo.

My credit card will be having some much bigger payments now :j

So my new update is now.....

No 135 £4960/£13,441 paid

Wow, that's a great amount to clear, well done :T :T

jwil

archery wrote: »

Good evening

another regular monthly top up payment to my mortgage today
£60.02. found 2p on my walks picked it up and put it towards my mortgage, my parents always said look after the pennies and the pounds will look after themselves.


new totals below


number 89
archery -£5551.29/£13,500

I think it's very true really archery, those pennies soon add up!

jacci45 wrote: »

No 36 reporting......11.00 Pad so am now in the 2000's!! Now owe 2999/31943 and paid 13577/10000 in 2012!!

Happy Tuesday all!!

Well done Jacci :T :T

lemontart wrote: »

so far this year I have paid off 1500 off 3k in credit cards debts and aim to be down to 500 or less by December

That's great lemontart, well done :T

jwil

lynnsey30 wrote: »

roll on tomorrow when i can make some payments seems like ages since i paid anything off had some bad news last weekend my daughters moving in with her dad so as well as the inevevitable sadness at losing her financially i will be much worse off but i WILL not let that stop me meeting my £3000 target hope your all ok x

Sorry to hear about your daughter, but as seasideDreamer says, she might decide she wants to come home again to you

sarahs999 wrote: »

Heads up all - we're halfway through June. How did that happen?! And that means almost halfway through the year. Check your total - are you halfway or nearly halfway? I'm certainly not... but then my aim was always a bit ambitious. The last three years the max I've managed to pay off is £7k. If we can do more than that this year I'll be thrilled.

How are yuo all doing? Are you going to meet your targets?!

I'm about halfway to my target, but I'm nowhere near the amount I had hoped to pay off by now. Due to the interest and some other unexpected expenses this year I haven't achieved an awful lot really. It's very frustrating really - what I could have done with that money! But it would have been worse if I hadn't been paying things down.

seasideDreamer wrote: »

I'm not halfway there but I've paid off £2000 so thats progress...just hope once I start the new job next month I'll actually start being able to pay more able without the extra £100 a petrol a month although going to town at lunch is easier so that might not help...though Ill be busy walking the dog and I live right in town and can go to the shops when ever I like so it shouldn't be any different should it:)

Here's to doing even better the next 6 months:j I expect like some of you I'll probably be back in 2013 but by this month then it should be gone:j

I'll still be here next year I'm sure. It's great that you've only got a year to go though!

jwil

Thanks for the updates everyone, sorry I haven't updated for a while, it's been a very hectic week.

wannabehermit

sarahs999 wrote: »

Heads up all - we're halfway through June. How did that happen?! And that means almost halfway through the year. Check your total - are you halfway or nearly halfway? I'm certainly not... but then my aim was always a bit ambitious. The last three years the max I've managed to pay off is £7k. If we can do more than that this year I'll be thrilled.

How are yuo all doing? Are you going to meet your targets?!

Well I'm well over halfway there, and not far off my original target of £2000. I'll also still be here next year, but that will be it for me then (fingers crossed) until we get a new car, and hopefully we'll have had a few years finance free to have a decent deposit to put down. I know there's a few things we're about to do that will rack the debt back up, going for a private referral for my son, not sure how much that's going to cost, but there are some things that are more important than how much debt you have.

sarahs999

Free listing on ebay this weekend if you use your mobile to do it. Might be taking advantage of that...

fastdeb

Hi All,

Redundancy pay came through so have made some big payments. Won't make an more until next month to give me chance to figure out how much we need to live off. So my June totals will be

Reduced debt by £8151 in June so...
Total debt reduced by £10562.07/£5000 target
Now owe just £437.93/£11000!

Aside from the redundancy pay this forum has really helped me focus on reducing the debts and my monthly amounts have been much better than I hoped. Will see how things go but may change my totals to include mortgage once other debts are gone and see if I can start overpaying on that if I am able...

Thanks everyone!
Fastdeb

lynnsey30

not over halfway but im 100% up on this time last year as i couldnt even pay the interest on my loan then so im happy that this year its going down not up

seasideDreamer

I just hope its gone by then Jwil...I thought the same 2 years ago but then work cut our money and things got worse. Fingers crossed the economy is getting better:)