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Pay off as much as you can in 2012 challenge!

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  • jacci45
    jacci45 Posts: 1,636 Forumite
    edited 23 January 2012 at 10:05AM
    No 36 reporting... overpayment to Cap One so now owe 16321 and have now paid 49% of total debt....cant wait to get to 50%!!
    Also cant wait to start PADing again tomorrow!! 2012 have now paid 268.86/10000.

    Happy Monday all!!
  • Happytogetdebtfree
    Happytogetdebtfree Posts: 6,798 Forumite
    Well done jacci im waiting for pay day and then I can update some numbers xx
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • jwil
    jwil Posts: 21,992 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    danetastic wrote: »
    Can I join Had LBM after being turned down for loan to clear debts and by end of year want all debts apart from mortgage gone therm next year will work on that ATM I owe vet 200 and have total of 4000 on cards as well as 2000 overdraft . Have 350 a month that can start to pay ant think overdraft fist (am I right). Then cards vet paid this mpnth

    Welcome to the challenge danetastic! I'll pop you down for a total of £6200. Let me know if you would like it changed.

    The usual way is to pay off the debt with the highest interest first as the others have said.

    Good luck with the debtbusting! :)
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • jwil
    jwil Posts: 21,992 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    jacci45 wrote: »
    Hi all.........no 36 reporting..a baby overpayment to Sainsburys and b/card so now owe 16433 and this yr have paid 156.86/10000, going down exceptionally slowly...will I ever get to the 15's???????

    Happy Sunday all!!

    You'll get there jacci! :)
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • jwil
    jwil Posts: 21,992 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks for the updates everyone. I've paid a huge £2 today :)
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    Got some ebay stuff ending today; it's at £73 in total at the moment, hoping to break the £100 mark. Will come straight off debts as soon as I get paid.
  • danetastic
    danetastic Posts: 200 Forumite
    Dont know why refused loan as pAid off van loan(6500) last year and everything was fine til went to credit check got credit rating but doesn't make sence to me . Glad didn't get it tho as this has made me more determined to get rid and the bank can't get more money off me and it will be GREAT 2 be debtfree have found the forums great for ideas re budgeting ( thanks guys)
    Date restarted DFW 30/04/16
    Money owed :-
    Vet £700
    DMP too much ( need to find out how much ) :eek:
    That's it
  • DedicatedDFW
    DedicatedDFW Posts: 4,234 Forumite
    Hi all and welcome to all new members too

    I've been reading but not really posting but decided i'd put what what i've paid off for jan today - don't expect this will increase this month either as all additional funds are going towards 2 big bills i've got to pay :( - One isn't due immediately but really quite soon and i didn't expect it to be this big - the other a totally unexpected car repair bill :(

    £433.90 / 17,000

    Hopefully next month will be better x
    CC1:T £[STRIKE]2531[/STRIKE] £1460
    MORTGAGE OVERPAYMENTS: £10575.20 Target £12,100
    MF Date: [STRIKE]August 2042[/STRIKE] May 2035
    Declutter 1000 things by Xmas 2015! 53/1000
  • Happytogetdebtfree
    Happytogetdebtfree Posts: 6,798 Forumite
    Car repair bills are the worst eugh?! Jwill well done on the £2 every little helps :-) xx
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • LAM2011
    LAM2011 Posts: 1,432 Forumite
    PPI Party Pooper Debt-free and Proud!
    My car decided not to start this morning ! :mad: It must have joined the same club. Cant really grumble as its not cost me anything in repairs for years but OH doesnt know if starter motor or fan belt or what! I have just paid off my vet bill too and now this. Looking on bright side I have bought my car tax for when car is fixed lol.

    I think I have missed another free listing weekend on ebay as well - the weekend just flew past. A few survey payouts and a few over payments and my new update is :
    £500 / £7,500
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