Pay off as much as you can in 2012 challenge!

jwil

lynnsey30 wrote: »

well i have had a rubbish day a debt a thought my ex had been paying has been taken over by a collection agency and unfortunately they have given up chasing him and have contacted me so my debt has increased by over £3800. oh well hopefully they will accept the measly monthly amount i can afford puts my dfd way way back though will have to do the number crunching tomorrow. hope everyones ok

Sorry to hear about the extra, hope you manage to work it out.

Twiggy_34 wrote: »

This post is going to be full of mixed emotions & a mixed lot of good/bad news.

Firstly I managed to make some reasonably good sized payments this month totalling £122.

103 - £1748/£3566

We finally completed on the purchase of our flat on 31st July so that means we now have a mortgage for £68k.

Some of you may recall that I was going to have to increase my debt further by including a loan which my dad had given me for my half of the deposit, something I was going to add once the deposit had actually gone through and been taken from my account.

The bad/sad news is that my dad passed away suddenly at the beginning of this month after a short illness.

Jwil, if it's ok with you, I will continue to document my progress clearing my c/card debts while we sort out his estate, but once it's sorted I'm unsure of what to do regarding my participation with this challenge, as it's possible that I will be able to clear my debts (with the exception of the mortgage). That's something to worry about at a later date though and I'm not in any hurry to leave all you fellow challengers just yet!

So sorry to hear about your Dad Twiggy, that must have been a big shock for you.

Congratulations on the flat though, and you are welcome to stick around here as long as you want. If you want to set a savings target or mortgage overpayment target once your debts are clear, then that would be fine too.

jwil

runninglea wrote: »

Paid off final credit cards as 0% was into last month and car dd.

Total paid this month £921 so total this year £7064

Well done on clearing your cards runninglea! :T

AngryDog wrote: »

Hi,

Just joining now seeing as how I am now taking my debts very seriously indeed.

Paid 2 of my bad debts off today, so thats £613.98 of £40,513.49 total paid off, though I'd like to pay another £10,000 off before 2013 (unlikely to be full settlements, only partial).

Welcome to the challenge AngryDog, good to have you on board I've popped your target as the full amount, let me know if you want to change it. Good luck with the debtbusting!

sarahs999 wrote: »

Two thirds of August gone already. Where does it go? I got paid nearly £100 extra this month which is unheard of. When I studied my payslip it seems that I'm suddenly paying less tax. Isn't this an odd time of year to get that sort of adjustment? Thought that would happen April time.

That's weird about the tax isn't it. Enjoy the extra cash though!

jwil

seasideDreamer wrote: »

Sorry to hear of your loss Twiggy. No payments for me through we have decided to go walking in Cornwall for our hol instead of abroad this week so that should save a lot of money I didn't have in the first place. We are camping too but treating ourselves to a lunch at Fifteen. Can't wait, love Fifteen yum yum.:j

That sounds fab seasideDreamer, hope you have a lovely break! Enjoy your meal too

2joanne wrote: »

Hi all...been a while since I checked in but I'm pleased to say its because I've been working v v v hard to clear my debt....I'm proud to say I'm now up to £2468.69 cleared!

What's really working for me at the moment is rigorous updating of my budget spreadsheet every night but more importantly wheni come in under budget on a planned spend I always pay the difference of my debt...so for example shop this week was budgeted at £75 and it came to £73.12... I therefore paid off £1.88!

No 139... Off to complete some more debt busting!!

Well done 2joanne, those small amounts really do add up don't they. That's something I need to do as well as I'm a bit slack with that.

jwil

Thanks for the updates everyone

AngryDog

Thanks jwil .

been paid today so hoping I can clear a few more debts.
got my offer letters posted off last night so fingers crossed.

jwil

AngryDog wrote: »

Thanks jwil .

been paid today so hoping I can clear a few more debts.
got my offer letters posted off last night so fingers crossed.

Fingers crossed the offers are accepted.

seasideDreamer

Thanks Jwil, I will, love the south-west:)

jacci45

No 36 reporting 10.00 PAD so now owe 2591/31943 and paid 13989/10000 in 2012.

Happy Wednesday all!!

fastdeb

Hi,

Checking in with my August update as I don't think I'll manage any more this month. Reduced my mortgage by £357.64 this month.

So progress against target for 2012 is £11357.64/£13000

sarahs999

£100 payment to Virgin. Get thee gone, last card! So close.