Clear £6342.00 in 6 Months! Personal Challenge

hypno06

Loads of time yet, Madnessa - you will get there!

I need to do another carboot sale but trying to find a spare weekend is becoming difficult - I think it may have to wait until the school holidays.

weegie-dfw

I'd like to join to, we pay out roughly £800 a month on minimum payments, really need to try and pay more so that the debt actually goes down

So I'm in my target to pay £6000, so that's £1000 per month. This should put a dent in it.

For this month already I have £500 coming in on 30th June, an extra £300 in my wages, £200 from teaching (invoice sent today), then I have my travel expenses which will be another approx £200. So before my wages of £765 I have an extra £1200 approx. Which will pay off one credit card and my next bill.

AJolly

Ok so things have not started off well for me so far, ive had to reduce my hours at my part time job down to just a friday and saturday evening as my main job need me to go and over see some new projects in Norwich. I would end up slowly killing myself driving back to cambridge each evening just work 4 hrs at the bar, and at £5.80 an hour it just would not be worth the time or effort.

Alas because iam having to work in Norwich i have had to buy a car. Work will pick up the bill for insurance (but only the work part) i have to pay for everything else. So that's £250 ive just spent which i dont have.

Going to try and get selling some stuff on ebay this weekend to make the money back, i just feel really down at the moment and that target seems to be slipping away.

Ill pick myself back up by the weekend im sure, also its wednesday i hate wednesday's. Nothing to look forward too and nothing to talk about what you did last weekend.

How is everyone else doing?

blackangeluk

Hi Jolly, sorry to hear you are feeling a bit down, you were right to cut down your hours with work, at the end of the day although we are all striving to get rid of our debt, you need to be able to feel happy at the same time and also find some time to relax. Hope you can get some money back on ebay - it's amazing what people buy. Did you do your insurance through Quidco?

I'm doing ok since I joined up to do this, but more from luck than anything else. Thanks to a kind MIL and paying a bit over our normal £500 this month to debts, my debts are now about £22.5k :eek: why does that sound good Think I still have £5k to go to my target and I have ebayed practically everything that isn't glued down in my house - the kids have even taken to hiding their toys :rotfl: I can't even get overtime at work, so it will be down to sheer money saving I think if I can achieve that figure.

Hope your week speeds along - I hate Wednesdays too

Seaxwyn

Hi AJolly

Sorry to hear about the setback. I really sympathise, I've had times like that where it felt hopeless but for me it has felt like a roller coaster with completely unpredictable ups and downs. Here's hoping you think of something to replace that lost work.

I hate to rub salt into the wound, but I've got off to a flying start and managed to reduce my debt by a whopping £3500 this month. That was due to getting paid for a load of work I'd done earlier in the year all in one lump sum. It won't be repeated, but it does mean my 35k-by-xmas target is now very achievable so I'm going to refine my target to: pay off Sainsburys CC and Overdraft by Xmas.

I'll PM you details of a competition you can enter with a £1k prize - must be worth a shot.

Looking forward to hearing how everyone else is doing.

Angelcake1_2

AJolly wrote: »

Afternoon all,

Just sat down this afternoon with my excel sheet and have worked out i can clear £6342.00 in 6 months (before xmas) Its a challenge to myself but if anyone would like to join in , or just give moral support so i stick at it your more than welcome :beer:

I wish you the best of luck and hope you can do it. I have got £32,000 to clear but I am not setting a definitive plan I am just going to review what extra I can pay each month. I am going to look for a second job though. Again wishing you all the best.

H
x

OliveOyl_2

Please can I be a late arrival at this challenge?

We're currently paying our debts @ £800-ish per month, but if I try for £1000 per month that will be £6000 off the debt by Christmas.

We have a couple of hurdles approaching, not least the end of a cheap mortgage to renegotiate in November......

AJolly

OliveOyl wrote: »

Please can I be a late arrival at this challenge?

We're currently paying our debts @ £800-ish per month, but if I try for £1000 per month that will be £6000 off the debt by Christmas.

We have a couple of hurdles approaching, not least the end of a cheap mortgage to renegotiate in November......

More the merrier :beer:

This is a personal target thread dont feel you have to hit £6000+ by xmas thats just my target some people have choosen to set a lower or even higher target.

OliveOyl_2

I need to aim high, otherwise this will drag on for years.

We really like the idea of getting the debt below £40K, it hasn't been that low for about 4 years....

The way we were going, everytime we made a few steps forward we'd get down-hearted & give up. I'm determined this time, and I'm aiming to be debt free (mortgage excepted) by November 2009.

hypno06

Hey AJolly, sorry to hear of the setback, but on the upside - you get to come to Norwich

My challenge is going abysmally - I have increased my debt so now need to pay off just over £8000 instead of just over £7000 by Christmas!!!!!

Oh well, loads of time :rolleyes: