Pay off as much as you can in 2012 challenge!

jwil

LAM2011 wrote: »

No I feel the same JWIL - I am already playing with my Jan 2012 spreadsheet! I wish I could wish away the debt as fast For the first time in my life, even though I have debt, I feel that I have some sort of control over it.

Glad it's not just me then

I seem to be having a bad time at the moment, and am not in control of things, but am hoping that it will improve next year.

jwil

Happy weekend everyone

FrankieM

Hi,
Could I join please.
I'm going to go for a target of £27032.63. This is our credit cards and a loan to a friend.
As that's the total as at today, I'm going to start now if that's okay with everyone?

I'm going to be paying it off by selling things, getting expenses paid and trying to cut back in other areas.

Here's to a financially positive 2012....

jwil

FrankieM wrote: »

Hi,
Could I join please.
I'm going to go for a target of £27032.63. This is our credit cards and a loan to a friend.
As that's the total as at today, I'm going to start now if that's okay with everyone?

I'm going to be paying it off by selling things, getting expenses paid and trying to cut back in other areas.

Here's to a financially positive 2012....

Welcome FrankieM, it's good to have you on board. You can start straight away, that's absolutely fine. Good to have you on board!

wannabehermit

Hi everyone, ooh I'm glad we can start straight away. I love paying off debt, seeing the amounts going down. My favourite letter of the year used to be my mortgage statement, seeing that it had gone down by a few thousand pound was the best feeling ever. My landlord must love that feeling now

Anyway, not sure how to post my payments as my £2000 target is cleared debt. So, thinking I may post what I've paid as I've paid it, but then do a proper update at each statement date to show what has actually been paid off. Does that make sense? Would that make things difficult jwil for you to keep track of things for the front page? Let me know what you'd prefer.

For now, I paid £5 yesterday to each of the CCs, statements for them are both due towards the end of the month.

jwil

wannabehermit wrote: »

Hi everyone, ooh I'm glad we can start straight away. I love paying off debt, seeing the amounts going down. My favourite letter of the year used to be my mortgage statement, seeing that it had gone down by a few thousand pound was the best feeling ever. My landlord must love that feeling now

Anyway, not sure how to post my payments as my £2000 target is cleared debt. So, thinking I may post what I've paid as I've paid it, but then do a proper update at each statement date to show what has actually been paid off. Does that make sense? Would that make things difficult jwil for you to keep track of things for the front page? Let me know what you'd prefer.

For now, I paid £5 yesterday to each of the CCs, statements for them are both due towards the end of the month.

It is very exciting seeing the balances go down isn't it

If you want to post payments as you make them that's fine, (and is great actually, because we all find it motivating), but if it's a figure you want me to update on the first page, then pop it in large and/or colour so it's clear to me what an update is.

charlyze2

Yay. Im happy that we can start now. i was thinking its such a loooong time until 01.01.12 to start recording payments.

so i have paid £466.11 :j

millionaire_in_training

Hi there. Please add me to your list for this. Brilliant challenge and just what I was looking for. I want to pay £10,000 in 2012. This will be all payments to CCs and Loans including interest. I am really going to go for it next year and will start as soon as my Christmas shopping is finished . £10k is a huge challenge for me and would reduce my debt by approx £9k so iw well worth the effort. Good luck everyone x

cleggie

Hi,
starting early and have paid off £49 towards my debt today!

cleggie

A bit fed up today as i realised that i have done my sums wrong, so have worked it out again and realise i owe £2186, not £2001. :mad:

So can you please ammend my total on the 1st page?