The "Pay ALL your debt off by Xmas 2012" challenge - PART 2!!!

Ruthy1604

rubywhatashmoo wrote: »

If anybody fancies having a squee over the dress...

http://i2.photobucket.com/albums/y15/rubywhatashmooo/Dress1.jpg

http://i2.photobucket.com/albums/y15/rubywhatashmooo/Dress2.jpg

Ohhh - Its soooo lovely :T

his_missus

rubywhatashmoo wrote: »

If anybody fancies having a squee over the dress...

http://i2.photobucket.com/albums/y15/rubywhatashmooo/Dress1.jpg

http://i2.photobucket.com/albums/y15/rubywhatashmooo/Dress2.jpg

Absolutely gorgeous! Think I'm going to look back through my wedding albums tonight, I'm feeling quite sentimental at the mo :smileyhea

Credit-Crunched

All, been away for a while as work has been crazy. Update for me

In two months paid off £1,040 of debt whilst sorting out some house issues, overdraft now gone and £660 saved into my Halifax share builder (long term savings goal)

So in essence £12,906 left from £13,946.

No credit cards used and no O/D utilised.

Working in a credit position on my accountn every day in 2012 so very happy!

Well done all, too many replies to read!

mf0u1098

Credit-Crunched wrote: »

All, been away for a while as work has been crazy. Update for me

In two months paid off £1,040 of debt whilst sorting out some house issues, overdraft now gone and £660 saved into my Halifax share builder (long term savings goal)

So in essence £12,906 left from £13,946.

No credit cards used and no O/D utilised.

Working in a credit position on my accountn every day in 2012 so very happy!

Well done all, too many replies to read!

Yay!!! So good to hear from you! I was wondering how you were doing as the last we heard, you'd only spent 75p in the first week or so of January

xxx

mf0u1098

his_missus wrote: »

Absolutely gorgeous! Think I'm going to look back through my wedding albums tonight, I'm feeling quite sentimental at the mo :smileyhea

Hey I didn't notice until last night that you had lost 1 stone!!!!! CONGRATULATIONS MY DEAR!!! :T:T:T

mrso2b

Money is so tight for us at the moment

Was so depressed on Friday I nearly took out a loan to cover our debt. it meant we would be in debt for 6 months longer than planned (although I doubt we are going to be debt free by the end of this year anyway) but it would save us so much in interest. The catalyst for this was Barclaycard putting our interest rate up and therefore my interest going UP from £50-odd a month to £75! So I called them and cancelled the card (we weren’t using it anyway). They have reverted it back to the 16.9% rate which is still loads but I can't BT anymore and even if I did, the charges will bump up the balance by a few hundred quid! the outstanding balance is about £4,500. So was very depressed at the weekend!

Decided to overpay this Barclaycard by bumping up the min payment from £100 to £200 – can't really afford to do this but will have to try and cut back somewhere else – MORE nights in, hey?!

My Egg card has now run out of its 0% deal and my Santander one will run out in May! Feel like I'm drowning…

New total below:

152 mrso2b £1200.83/£12,000

mf0u1098

mrso2b wrote: »

Money is so tight for us at the moment

Was so depressed on Friday I nearly took out a loan to cover our debt. it meant we would be in debt for 6 months longer than planned (although I doubt we are going to be debt free by the end of this year anyway) but it would save us so much in interest. The catalyst for this was Barclaycard putting our interest rate up and therefore my interest going UP from £50-odd a month to £75! So I called them and cancelled the card (we weren’t using it anyway). They have reverted it back to the 16.9% rate which is still loads but I can't BT anymore and even if I did, the charges will bump up the balance by a few hundred quid! the outstanding balance is about £4,500. So was very depressed at the weekend!

Decided to overpay this Barclaycard by bumping up the min payment from £100 to £200 – can't really afford to do this but will have to try and cut back somewhere else – MORE nights in, hey?!

My Egg card has now run out of its 0% deal and my Santander one will run out in May! Feel like I'm drowning…

New total below:

152 mrso2b £1200.83/£12,000

If taking out a loan would save you loads of money in interest then it may be the best way forward for you. As I recently found out from the lovely guys on here, with new loans you can actually overpay them as much as you want so it doesn't necessarily mean that you will be tied into the full term. The benefit is that you have one debt, it's a fixed payment per month (unless you can overpay) and the term can be flexible (if you overpay). The low (ish) APR is considerably cheaper than your credit cards by the sounds of it and if you can't BT anymore then it may be the best option...

*hugs* :A xxx

vw_campervan_mum

rubywhatashmoo wrote: »

If anybody fancies having a squee over the dress...

http://i2.photobucket.com/albums/y15/rubywhatashmooo/Dress1.jpg

http://i2.photobucket.com/albums/y15/rubywhatashmooo/Dress2.jpg

That is so classic and beautiful :smileyhea

mf0u1098

I've been seconded to our pallet manufacturing company and the nail guns are going off all the time. It reminds me of the Fire Swamp in Princess Bride with the Flame Spurts! Hope there are no ROUS's... :rotfl:

mf0u1098

Right, tonight I'm going to add Kerfuffle's list to a post on the front page with a list of all Kerri's weekly challenges. I'm also going to have a post for SAVINGS seen as it seems a popular (and really good!) idea. Will keep everyone so motivated and I think it will also help those who become debt free throughout 2012 to stay focused on a new goal with all the great support on here xxx