Pay ALL your debt off by Xmas 2014!

minicooper272

Mat_Lock wrote: »

Has anyone added the March totals up yet????

:eek::eek::eek::eek: Thanks for reminding me! I completely forgot! Sorry all, my head has been in my bum this week! Clock change/work stress/job hunting stress!

So in March (and the first 44 hours of April), we paid:

£70,475.32

We took on 19 new members, and now have a target of £1,453,227.61 between us all. Amazingly we said happy debt free day to two of our team. Massive congratulations to trying hard and Bailey25 :j:j

And well done to everyone on all your hard work! :T:T:T

kirstydriver

minicooper272 wrote: »

:eek::eek::eek::eek: Thanks for reminding me! I completely forgot! Sorry all, my head has been in my bum this week! Clock change/work stress/job hunting stress!

So in March (and the first 44 hours of April), we paid:

£70,475.32

We took on 19 new members, and now have a target of £1,453,227.61 between us all. Amazingly we said happy debt free day to two of our team. Massive congratulations to trying hard and Bailey25 :j:j

And well done to everyone on all your hard work! :T:T:T

That is amazing and so inspiring!! thank you for posting such amazing stats!!!

Bublin1

Wow thanks minicooper and well done everyone.
I'm wondering....do lenders hate us? lol

minicooper272

kickuptheasstime wrote: »

Hi everyone

On the bright side, I'm still using my spending diary & am monitoring my spends using a spreadsheet. It's quite an eye-opener that, isn't it? Rather than just logging what I've spent for the last couple of months, I can now see exactly what I spend for each category... I can clearly see that I am consistently spending more that I earn each month

How can I make extra payments when I'm not meeting my current commitments. Scarey. But if I am going to get myself out of this hole once & for all, then I need to sort my life out!

It's easy for me to say this, but don't forget 2.2% is still 2.2% of progress! It sounds to me like you're making the right start though, a spend diary will help you identify where you can make savings.

Once you have a good amount of information, sit down and work out a decent budget. Identify the things you can cut out (i.e. subscriptions), look at your biggest expenses and find ways to reduce them (e.g. changing energy suppliers). After that, I'd suggest you look into envelope budgeting for the day to day stuff - this is where you set budgets for things like food, clothes, going out, and keep the money in either real or virtual envelopes. I have separate purses for certain things. I have one purse for food, and try to trim a few quid off my budget each month (it's easier to reduce food budget at the beginning, but eventually you will reach a comfortable amount for you).

Thrifty_Fashionista wrote: »

As always two more loan payments out on the 1st £428, but an unexpected extra £400 was given to me by someone who I loaned it to...and to be honest - didn't expect back. I have paid it straight off credit card as if I never had it.

£828 in total paid this month off debts

# 128 £3785 / £5000

Tf x

Well done Tf - you are now over 75% :T:T

minicooper272

Bublin1 wrote: »

Wow thanks minicooper and well done everyone.
I'm wondering....do lenders hate us? lol

I should hope so

marliepanda

Amazing year so far! The amount from three months is fabulous! Really glad to be a part of it! Can't wait to see my name surrounded by jumping emoticons on my debt free day!

Thrifty_Fashionista

minicooper272 wrote: »

It's easy for me to say this, but don't forget 2.2% is still 2.2% of progress! It sounds to me like you're making the right start though, a spend diary will help you identify where you can make savings.


Well done Tf - you are now over 75% :T:T

Thank you for this - made my day. Every penny saved is a penny off that debt

TF x

Moneysavingtrainee

Hi All,
I didn't manage to post my March payments before now, but here they are up to date.

#57 1014 paid 22%
getting there slowly but surely

amr547

my next payment is tomorrrow, for my OU fees. and it will be my 3rd to last payment! (just £303 left...) now i have my 5th assignment mark its looking like i will graduate with a 2.1:j not bad for 3.5 years of very hard work, alongside working full time!!! i will be student debt free upon graduating :rotfl:

Mat_Lock

Another small payment today £32.19 to take my barclaycard debt down to £400.

New amounts in my siggy