The "Pay ALL your debt off by Xmas 2012" challenge - PART 3!!!

kerri_dfw

Hope you have a lovely time Jemma, just hide from that waiter behind your menu

Well I'm going to lower the tone of the conversation...again!...surprise? I've just made myself a pair of french knickers They were super easy, took 5 minutes, and look fab! What's better is they only cost me about 50p. Pic

k30lly

They are fab kerri!

Thought about paying extra today & know i need to hit the one with the highest interest rate, however i have a large monthly payment which i need to reduce down. Too big to be gone by the end of the yr & i need it to be

minicooper272

Hi all,

I'm hoping to join in the challenge! Debts so far:

Overdraft £2950 (interest free graduate acc)
Credit Card £86 (52 days interest free - pay off £50, spend £40)
Family £900 (Pay £100 per month, no interest)

I'm giving the total overdraft value more than what's in it, as it's an active account and the money in it varies day to day!

I can offset £450 from an ISA account so total debt =

£ 3486

I'm not long from being a student, and have frantically managed to pay off approx £1200 to date, but my motivation is waning - help me keep it up!

mf0u1098

minicooper272 wrote: »

Hi all,

I'm hoping to join in the challenge! Debts so far:

Overdraft £2950 (interest free graduate acc)
Credit Card £86 (52 days interest free - pay off £50, spend £40)
Family £900 (Pay £100 per month, no interest)

I'm giving the total overdraft value more than what's in it, as it's an active account and the money in it varies day to day!

I can offset £450 from an ISA account so total debt =

£ 3486

I'm not long from being a student, and have frantically managed to pay off approx £1200 to date, but my motivation is waning - help me keep it up!

Lovely to have you on the team minicooper272! :j I'm mega impressed you've managed to get rid of £1200 already so give yourself a huge pat on the back! :T:T:T I've still got debts from uni (exc student loan) and I graduated in 2005...

Let us know what your plan of attack is! We have loads of tips on here and weekly mini challenges by our lovely knicker-making Kerri :rotfl: which has been compiled in one of my first few posts by our equally lovely Kerfuffle!

Some of us also are part of other challenges on this site such as NSD's (No Spend Days - pick a target number of days where you will not spend anything during the month and try to achieve it) or PADding (Payment A Day - make a payment a day off your debt no matter how small that payment may be) or VSP (Virtual Sealed Pot - if you account balance is £32.06 then round down to the nearest £10 so you'd transfer £2.06 into an online savings account or ISA or just pay it straight off a debt) or SPC (Sealed Pot Challenge - a tub to put your change in!)

There is tonnes of info on this site and our members on this challenge have a huge amount of tips and things that work for them so just pick our brains! xxx

mf0u1098

kerri_dfw wrote: »

Hope you have a lovely time Jemma, just hide from that waiter behind your menu

Well I'm going to lower the tone of the conversation...again!...surprise? I've just made myself a pair of french knickers They were super easy, took 5 minutes, and look fab! What's better is they only cost me about 50p. Pic

Bl00dy hell Kerri! How tiny are you???!!!! :eek::rotfl:

mf0u1098

:xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree: Only 258 days until we are DEBT FREE!!!! :xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree::xmastree:

minicooper272

mf0u1098 wrote: »

Some of us also are part of other challenges on this site such as NSD's (No Spend Days - pick a target number of days where you will not spend anything during the month and try to achieve it) or PADding (Payment A Day - make a payment a day off your debt no matter how small that payment may be) or VSP (Virtual Sealed Pot - if you account balance is £32.06 then round down to the nearest £10 so you'd transfer £2.06 into an online savings account or ISA or just pay it straight off a debt) or SPC (Sealed Pot Challenge - a tub to put your change in!)

I like these ideas! I was given a tiramundi pot but never seem to have any change to put in it....
just now all my money goes into one bank acc, and everything comes out of that account (i 'save' a set amount each month towards paying of the overdraft) it's easy to forget what comes out when. I think next month, I'll give myself a budget and transfer it into a separate account so I can watch it as it really goes down and not fool myself that rent has already come off, when I know it hasn't!

kerri_dfw

Welcome aboard minicooper (and welcome aboard the other person higher up the page that I forget the name of, I forgot to say yesterday due to sore neck/shoulder thing but I thought it ) we're glad to have you both with us in this challenge

I've found keeping a spending diary is pretty good for knowing what is coming out when and this month I'm categorising it into where my money is going to. So far this month I've spent more on paying back debt than I have on groceries, although for such a small person almost £200 on groceries seems a lot!

Jemma, those are a size 8/10. If you'd like me to make them a bigger, then I need someone to send me some la s3nza french knickers so I can create a pattern from them Oh and it's stretchy material for a snug fit If anyone would like destructions on how to make knickers themselves, then I am happy to send them via pm Oh and this is the coin purse I made today

I'm amazed at how easy it is to make things myself, funny how when you step back and think about things you realise you're paying 3-4 times the amount because you don't know how to make it yourself

mumof3plusoh

wow Kerri you are so talented. Knickers and purses (all ready for a good night out :rotfl:)

Welcome to the newbies.

Waiting for the Barclaycard bill to arrive so that I can make a payment. Although had a couple of spends, £40 on daughers clothes that she is buying herself out of birthday money (she has already offered the money, will have when the bill comes in) and £85 for a hotel bill last week when hubby and I stayed in Shrewsbury over night for a party. We never have time on our own so worth paying a bit. I have paid these yesterday so that when the bill comes it will go straight off the main debt.

Jemma hope the meal went ok and the waiter wasn't on.

fallenwiccan

We have a giant sealed jar, it's an old Bells whiskey bottle the kind you get in pubs. It's so heavy we don't even need to seal it as you'd really have to be desperate to want to try and get anything out :rotfl: Can't wait until it get a bit more full then I'll count it all up and put it into our car tax/ car insurance pot.

Have to take OH to his parents tonight I know 40 minutes isn't too far from the hospital (there are closer to us now but that was the closest to his parents) but I'm at work tomorrow and I know his Mam wants to look after him which I don't mind at all. Just gunna hate being away from him although his Dad was already asking about when I was picking him up, we don't even know when he'll be released from hospital yet! :eek: :mad:

I set up a mini savings account to funnel our car tax and insurance into to at least earn some basic interest on it as insurance is September and Tax is in Jan. Might put extra in it to pay for the MOT.

Don't think I'll be able to pay anymore into my ISA as looks like OHs pay may end up being 2-3 weeks stat sick pay next month so want to make sure there's enough to cover all the bills. We have a good buffer set up already but I don't want him to feel any worse I'd rather take my extra then ask for his savings.

Hope everyone has a good day.