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Pay off as much as you can in 2013 challenge

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  • rising_from_the_ashes
    rising_from_the_ashes Posts: 12,433 Forumite
    10,000 Posts Combo Breaker Home Insurance Hacker! Debt-free and Proud!
    Happytogetdebtfree wrote: »
    Thank you :) i wish it could have been more but every little helps, good luck on your journey :) x

    Thanks ..... I dug myself out from £19k a couple of years ago (after many, many years of trying!) so small compared to that - but finances are a lot tighter now so it may be just as hard this time!
    getting-there-slowly wrote: »
    If not I would like to have a target of £2000 for the overdraft, CC is planned and ok but overdraft feels like a black hole!

    Hi Getting there - my OD is like a black hole too! (and def the worst debt to try to sort out!)

    I think it's like Happytogetdebtfree says, it's like negative wealth and, as it fluctuates as you use the account it feels harder to make progress - where with a c/card, you have a balance on a statement, pay a bit and know what the new balance will be (+ interest of course!) next month.

    Good luck!
    Grocery Challenge £211/£455 (01/01-31/03)
    2016 Sell: £125/£250
    £1,000 Emergency Fund Challenge #78 £3.96 / £1,000
    Vet Fund: £410.93 / £1,000
    Debt free & determined to stay that way!
  • leictina
    leictina Posts: 297 Forumite
    100 Posts
    getting-there-slowly wrote: »
    Is it too late for me to join?

    If not I would like to have a target of £2000 for the overdraft, CC is planned and ok but overdraft feels like a black hole!

    It never too late......

    Added!

    Good luck with your debt busting...
    LBM @ 01.01.12 TOTAL DEBT = £13301.77. LH number 320
    POAMAYC in 2013 #1 : £54.53/£10159.90
    1% challenge - 7% paid off.
    DFD @ 31.07.13 is April 2017 (45 months to go!)
  • leictina
    leictina Posts: 297 Forumite
    100 Posts
    Tiglath wrote: »
    Sorry, can I increase my goal again to £12,000 please? Member #17. I've done some more number-crunching and it's looking like I'll be able to pay off close to £14k which will halve my outstanding debt, but I'd like to leave myself a bit of wiggle-room while still having a challenge.

    Target updated!

    Good luck...
    LBM @ 01.01.12 TOTAL DEBT = £13301.77. LH number 320
    POAMAYC in 2013 #1 : £54.53/£10159.90
    1% challenge - 7% paid off.
    DFD @ 31.07.13 is April 2017 (45 months to go!)
  • leictina
    leictina Posts: 297 Forumite
    100 Posts
    boobiebonboo wrote: »
    :hello:can I join please:D gotta long way to go but could you put me down for

    £10, 000 please thankyou :D

    Added!

    Good luck with your debt busting...
    LBM @ 01.01.12 TOTAL DEBT = £13301.77. LH number 320
    POAMAYC in 2013 #1 : £54.53/£10159.90
    1% challenge - 7% paid off.
    DFD @ 31.07.13 is April 2017 (45 months to go!)
  • LunaLady
    LunaLady Posts: 1,625 Forumite
    edited 27 November 2012 at 12:37PM
    Can I join please :)

    I have a balance on our summer holiday of £1934 (including spending money). This needs to be paid of before June. In the past I have let the time go and then panic the month before. I am hoping this thread will help me pay it off with time to spare.
    SPC #1813
    Addicted to collecting Nectar Points!! :D
  • Happytogetdebtfree
    Happytogetdebtfree Posts: 6,798 Forumite
    Hi luna and welcome have you booked anywhere nice ?? :)
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • LunaLady
    LunaLady Posts: 1,625 Forumite
    Happytogetdebtfree wrote: »
    Hi luna and welcome have you booked anywhere nice ?? :)

    North Devon. We are staying in a nice cottage.

    Once I have paid off the balance I need to save the spending money too :o
    SPC #1813
    Addicted to collecting Nectar Points!! :D
  • Happytogetdebtfree
    Happytogetdebtfree Posts: 6,798 Forumite
    OOOh that sounds nice, something to look forward to :) how much savings for the holiday do you think you will need ?? x
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • LunaLady
    LunaLady Posts: 1,625 Forumite
    I always like to be a bit generous on holiday so I would like to save £1000. Its always better to have money left over than not be able to do things.

    I will edit my total to reflect both :)
    SPC #1813
    Addicted to collecting Nectar Points!! :D
  • Fae
    Fae Posts: 664 Forumite
    Hello,

    Could I join this please :) my target for 2013 is £6218

    Fae
    LBM 29/10/2013 £14,218.00 As of 13/04/2014 £6477.00
    Paid 54%
    3 months to go 13 weeks
    DFD 28th August 2014
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