Pay off as much as you can in 2012 challenge!

loumac

Been a bit rubbish in keeping up with threads lately so apologies if I'm not replying to important comments and questions.

However, currently I stand at:

£521.67/£4,000

Which means I've now paid off my CC!! First debt of the year done.
Just waiting for loan payment and payment to inlaws to come out now!

jacci45

Well done Loumac...I cannot wait to be cc debt free!!

jacci45

No 36 reporting...Well good news,my boy doesnt need an op and my cold seems to be going very quickly so hopefully i will have my op on Weds!!
Bad news is I cant sleep...theres a shock!! and my laptop seems to be dying, I have a very unresponsive cursor!!
Anyway early PAD of 10.00.....so now owe 16259/31943 and paid 421/10000.
Thank you so much for all your kind thoughts....

runninglea

Hi all - quick update have paid £2,283 this month.

My normal car and loan d/d together with all tesco visa.

runninglea

no council tax in feb so will have another bit of spare cash this month

jwil

Payday :T £469 for me today

Needhelpsaving

Hi all,

Payday for me too - is it me or did it take ages to come round???

Just paid off another £263.03 to the credit card, bringing my running total to £607.64/£4988.75

LAM2011

Good luck for tomorrow Jacci and good news your son doesnt need an op. x

Managed a few more pennies off the loan so my final Jan update is :

£785 / £7,500

It looks like I might be getting my PPI back off one of my loans although dont want to get my hopes up yet. Apparently payment in 28 days but looking at the PPI board that doesnt always happen. Good news was it was nothing serious with my car and so didnt cost bomb either so now I am worried that with the good comes the bad ? Such a pessimist (sp?)

Last day of Jan though

sarahs999

Made a momentous decision last night to start overpaying the mortgage. We still have £3k on credit cards to pay off, as you can see in my sig, but it's down from a high of about £14k, all on 0% and over the past two years I haven't had any problems getting 0% offers on the cards I already have - seems lenders are falling over themselves to give us interest-free debt at the moment! So given that we're on a v good tracker rate at the moment (2.5%) and our mortgage is the lowest it's ever likely to be, I thought we should bite the bullet and funnel some money into it. IT's only a small overpayment of £50 a month, but even that would knock five years off our mortgage if we kept it up! Also my thinking is that when interest rates go up again we can stop overpaying and won't notice the difference for a while (assuming they don't jump up three percentage points or something).

Meanwhile DH has finally managed to come to the end of the month with some money left, for the first time in a long time, so he is going to put the extra £50 in from his account each month (he earns a good £10k more than me so only fair!). Really wish I could have got him on board a few years earlier; we would be debt free by now if I had.

Anyway. THat's my exciting end of jan news!

OrangeFairy

Can i join please???

I would like to pay off £5000 this year including loan payments. I wont include interest.

My payments include Next, credit card, loan and parents. I owe £50 to my Mum and i think we owe hubbys Mum £150 still. Would like to get rid of them as even though there is no interest it isn't nice to owe them any money!

So as my loan payment will come out tomorrow i will put myself down as

£410/£5000

This includes my loan and money paid off in Jan

Motivated to get lots of money paid off this year!