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Pay off as much as you can in 2012 challenge!

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  • hi £93.05 today so £1,489.09/£10,000
    5 Year plan. April 2020 to June 2025- CC and mortgage free by time I'm 60
    Currently CC £23,674.36 /£14,895.41/£14315.42
    Mortgage £28,214.65/ £26,254.71/ £25,746.43
    By end 2020 I want CC at £ 19,000.00.
    By end 2021 I want CC at £10,000.00
  • jwil
    jwil Posts: 22,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kerry1986 wrote: »
    Hey Jwil. :-)

    I would like to join this challenge too. I would like to be debt free (apart from a car loan which has another 2 years to run) by April 2013.

    This is the first challenge I have done but I will give it a go!!

    Thank you :-)

    Santander Credit Card £0/£1798.75
    Barclay Card Credit Card £0/£1966.28
    Santander Loan £0/£3000 :mad:
    Capital One Credit Card £0/£314.82
    Lose 0/28lbs
    Try and make £10 a month of extra income/savings in spending

    Welcome to the challenge Kerry - good to have you on board :) I've totaled up your list there and will pop you down for a target of £7079.85 if that's ok? Let me know if you want me to change it.

    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
  • wot-a-mess
    wot-a-mess Posts: 189 Forumite
    No.21 reporting.

    Over £5k off the total debt (incl. mortgage) so far this year:)

    £5,017 / £14,000
    Pay off £14,000 in 2012 Challenge #21 (incl. mort.) £15,960/£14,000
  • £15 more paid off the Very account. New total of:

    £728.52/£2000 paid
    Clean credit file:12 mths
    Car loan: FREE! :j
    THE PLAN: 1.Pay off debt £8808.42(£3254.45, £1570.32, £2698.33, £0:dance:, £1000, £285.32) 2.Save monthly for Christmas/insurance etc £150 per month 3.Save for emergencies /£1500 4.Save for our B&B £????depends which one takes our fancy :D
  • DedicatedDFW
    DedicatedDFW Posts: 4,234 Forumite
    Hey everyone - great going with the payments :D

    Little PAD of £10 from me today - going to the horrid £50+ interest thats been added onto the overdraft i've paid off :mad: Only moaning about it as its usually about £20 interest and i've been bamboozled by science as to why its so much more :( Still nearly got all of that paid off now too - half tempted to pay the remainder at £1 a time :rotfl::rotfl::rotfl:
    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
  • Well Done for all the payments everyone :T :j :T :j :T I'm itching to make another payment - just need some money to do so first :o

    I'm feeling exactly the same. I think about what I've got coming in and how much I can pay to one of the CCs, but yep, need to make sure there's enough for food before I go doing things like that. Sadly this week, I need to leave £40 in there for the car insurance coming out on Monday, so nothing to play with as got to do shopping later as well. PLus DHs birthday next week so I've spent all of this months extra money on him. Nevermind, I'm already looking at what DDs are covered by which incomings over the next weeks and working out if and what I can overpay. :D
    Clean credit file:12 mths
    Car loan: FREE! :j
    THE PLAN: 1.Pay off debt £8808.42(£3254.45, £1570.32, £2698.33, £0:dance:, £1000, £285.32) 2.Save monthly for Christmas/insurance etc £150 per month 3.Save for emergencies /£1500 4.Save for our B&B £????depends which one takes our fancy :D
  • fairyclicks
    fairyclicks Posts: 3,884 Forumite
    Debt-free and Proud!
    edited 9 March 2012 at 3:05PM
    Another payment for me today - £50 off the avon bill :D

    Total is now £1040.14/5000 - my first £1000 paid off hurray :j:j:j:j:j:j

    I am sure i have made payments and forgotten to add them as well :o but sure as long as the numbers keep going the right way i'm happy :D
    Debt at Aug 2010 (LBM) £21,908.86, Debt Freeeeee Date 4th Nov 2013 :j:j:j Massive Thanks to the £10 per day thread :A Next goals:
    Savings £1203.16/£10,000******Mortgage to Zero: £52,579.46 to go
    Feb Earnings: £711.20/£500 March: £434.41/£500
    Currently compiling an A-Z of earning sites and happy to share it ;)
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    Well done everyone, keep going. We are having blinds made (finally, only moved in eight years ago!) for our bedroom which is expensive as they are large bay windows plus a side window. And of course becuase the material I chose turned out to be stupidly expensive. But I figure I will look at them every day and once they are down they will dominate the room, so got to be right.... anyway. Spare money going to them for the next little while. But I will keep making OPs when I can. Payday not til next Thurs :(
  • 166million
    166million Posts: 1,233 Forumite
    Debt-free and Proud!
    Two weeks to payday everybody!

    Sorry - cross posted with you Sarah.
    **Debt Free as of 15:55 on Friday 23rd March 2012**And I am staying that way
    377 166million Sealed Pot Challenge 2018 :staradmin No. 90: Emergency fund £637
    My debt free diary http://http://forums.moneysavingexpert.com/showthread.php?t=3630099
  • cutestkids
    cutestkids Posts: 1,670 Forumite
    Part of the Furniture 1,000 Posts
    My payments over the last week total £153.93 this includes the final payment on my Argos store card so finally after having always owed Argos money for the last 6 years I owe them nothing and have cut up the card and am closing my account.

    My running total is now at £1807.09 / £5000
    1 Sealed Pot Challenge # 1480
    2 Stopped Smoking 28/08/2011
    3 Joined Payment A Day Challenge 3/12/2011
    4 One debt vs 100 days part 15 £579.62/ £579.62New challenge £155.73/£500
    5 Pay off as much as you can in 2013 challenge!£6609.20 / £7500
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