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

rubywhatashmoo

Thank you for all your comments about the dress - it's nice to know I haven't picked something completely god awful when left to my own devices!!

rictus123 wrote: »

One day i will hear of someone being in debt and get a flashback to this working to pay the bank times i am in currently.

You're so right - I'm very lucky that I was able to get the extra overtime at work - but I'm sad that I gave up so much of my Xmas/New Year and so much time since then for what now seems like no reward Don't get me wrong getting rid of the debt is AWESOME, but it would be nice if I had the cash to show for it, rather than Barclays!! :rotfl:

kerri_dfw wrote: »

Right then, here's a BIG update and I have no idea how I'm managing it but I apparently have cleared all but one debt (although hope to clear that next month bringing my DFD by an entire 8 months).

When I first started thinking of clearing my debts my target was going to be July, I even told my Dad I'd be debt free by July. If I can clear it by end of March I'll be so happy as that will mean I can definitely save the same amount I've paid off by the end of the year £5030 will be my savings target.

Anyway enough yabbering...

#005 £3450/£5030

Kerri that's absolutely mammoth!! You're sooooooo close now!! :T

karenann76

I am having a bad day! I have worked out I need to pay off £1200 a month to be debt free and we just dont have that spare, nowhere near!

So I am hoping I will manage about 10k if not more which will still be good. I get paid quarterly so no payments till the end of March unless I earn any extra.

If I get to Christmas with 10k less debt off I will be happy. I will feel better when I get my money in March and make some payments until then its all a bit miserable.

rubywhatashmoo

DebtFreedom wrote: »

Hi there. I've been on MSE for years now, and it's really helped me get things sorted. God knows how we got into debt in the first place, I've felt depressed, miserable, unhappy, desperate and everything else! I also get insanely excited by paying off debt!

I hate the feeling of being nervously excited between pay days... I really need to get rid of this debt. I've been carrying a similar level of debt since I graduated, and I'm now 32.

Anyway, I reckon I can clear £1,000 a month. I've got £2,084 put to one side for it after 2 months, so I'm on track. Here's hoping.

Welcome to the thread! You're already £84 over your monthly targets for this month - well done!!

rubywhatashmoo

karenann76 wrote: »

I am having a bad day! I have worked out I need to pay off £1200 a month to be debt free and we just dont have that spare, nowhere near!

So I am hoping I will manage about 10k if not more which will still be good. I get paid quarterly so no payments till the end of March unless I earn any extra.

If I get to Christmas with 10k less debt off I will be happy. I will feel better when I get my money in March and make some payments until then its all a bit miserable.

Crikey I'm not sure my budgeting skills would cope if I only got paid quarterly! 10k before the end of the year is still LOADS - and even if you are still on your debt-free journey in 2013 just think what a better position you'll be in this time next year!

PedroMatias

camuk81 wrote: »

Collectively we have repaid £181,583.11.

More than that! It was over £230,000 a week or so ago! :j

choclover

Made a few payments over the last couple of days, but have been away so haven't been able to post.

Paid off a total of £104.25 after interest, also have made an adjustment to last month so

#304 £899.75/£6962.2
0 (12.92%)

Kerfuffle

camuk81 wrote: »

Right come on everyone, I know how fed up everyone and lord know this weather isn't helping. So tomorrow is last day for self pity.

March is just around the corner and in March the clocks go back on the 25th March & Spring officially begins on 20th March.

So here is to the last day of feeling rubbish. We're all feeling pants and though we are amazing at our debt busting we are all stuck in! A few more weeks and the weather will turn, we won't feel so cooped up and we will be 3 months in our amazing journey having made some brilliant friends.

Collectively we have repaid £181,583.11. So every time you have resisted that choccy bar, that class of wine (not doing well for lent am I?) Every penny you have saved & repaid you've put towards that huge total.

So when the government announce public borrowing is down keep your head held high saying I'm contributing.

You are all doing amazing and I know a lot of you have it far harder then me.

Keep it up you are all amazing and when you have all that disposable income back each month you can feel proud that it was you did this.

Right motivational speech over. Hope its spurred a few people on.

Just to save any confusion, the clocks go forward, we don't want anybody turning up for work 2 hours late :rotfl:

iwanttogoonholiday

made another payment of £76.03

so thats now -

''debt off by Xmas 2012'' £1074/£8,299 #215

Lemon_Tree

hello everyone, payday for me today so my monthly check in with numbers.

This month i've been able to pay £500 off Mad Mavis which brings my totals to:

£1,100 of £4,400 #310

which i'm pretty chuffed about

Canucksfan

kerri_dfw wrote: »

Boring? If debt-busting was boring then I'd struggle when I'm finally free as I'd be wanting to spend, spend, spend again. I've found I enjoy life more now that I'm not rushing around like a blue bummed fly all the time.
I go for walks in the woods with my 2yo nephew instead of going out for expensive coffee/cake/shopping. I get lost in a good book, watch some amazing films, and I eat a whole lot better.
I've got more food in my cupboards now, than I've ever had before. Yet I've got more money to play leftover as I am being a savvy shopper.
I've joined a local book club to meet people and invite friends round for HM dinner instead of eating in restaurants/going to the pub. In is the new out.

Yes, you are sooo right, Kerri. This whole debt-busting malarkey doesn't just involve my purse...it impacts our whole way of life. The meal planning alone means that we are eating a lot healthier. Even the cheapest, 'whoopsie' meal has more nutritional value than nipping out for a McD when we have been racing around after swimming lessons. Knowing that I HAVE to educate myself about the Canadian bank system and actually OPENING and READING my statements has saved us money. Our social life as a couple is slowly coming back to life, as we are forced into doing summat with the money left in the Entertainment jar!!! Now that I feel as if I am standing up and fighting against the debt has improved my mood no end...:)