Pay ALL your debt off by Xmas 2014!

Since1981

I should have started this in January! Long way to go!!

Since1981

marliepanda sounds like you may work different amounts of hours per week? Your tax will be calculated on a cumulative basis and new tax year started 4th April

marliepanda

Since1981 wrote: »

marliepanda sounds like you may work different amounts of hours per week? Your tax will be calculated on a cumulative basis and new tax year started 4th April

I do overtime some weeks yes, but I never got any tax back throughout my payslips last year. I need to check out my p60, but I worked for two companies so its a bit of an awkward one!

They did say I would be put on a week 1 month 1 basis when I updated my tax allowance (changed companies) not that I really knew what that meant!

GunWharf

#174 It's the Captain here reporting for duty from the South Coast.

Payment to Loan so I am now £5893 / 27890

Thanking you

lashie

£600 paid for me so:

127 - £1900/£4000:j

Thank you

Bublin1

I have just received my yearly loan statement. It normally consists of 1 page. This year it has 4 pages showing all my overpayments.

minicooper272

Wanna_Bee_Free wrote: »

#100 £11.64 £5411.64

I have taken my head out of the sand and made a payment of 11.64 to check the new account details. Next payment on Thursday. .002% there already and 33% in to the challenge.

It's a little better than that - 0.22%! and 0.22% in the right direction...

argomatt wrote: »

Do you think I should continue at this level of direct debit to pay the student loan, and divert any extra cash towards building up an emergency fund, or should I be sending all surplus money to the student loans in order to clear it quicker??

I always had my definition of being "debt free" as being clear of unsecured debts, but now don't know if the student loan should be included in this definition or not?

I don't include student loan either. It sounds bad, but I don't really view it as debt. It comes off before my wages hit my bank account, I can't default on a payment, and the interest is reasonable. I think there are other things to focus on first for me at least...

ali_bf wrote: »

I've realised I hadn't added in my store cards! I've updated my signature to reflect all debts and totals. Right. I'm severely depressed, I never ever thought it was that much but I know I am in the right place to get it down though so here goes .....

It's a horrible feeling, but like you say, you're in the right place, and you're starting to deal with it. Your debts will go down from here on in, and you won't be so inclined to get into debt again. Sending hugs!

minicooper272

Betsie2010 wrote: »

But more importantly - to me - I have just paid off 1 cc completely:T so only 3 to go and they all have really long balance transfer dates (all in 2015)

Well done :T

DjShimmer wrote: »

Is it too late to Join?? Hubby and I moved last year and we have really been struggling.. both financially and emotionally.

I need to add up all the debt but trying for the end of the year.. that's my goal and I am working my !!!! off to achieve this..

Let me know if its too late to join.

Hi DjShimmer - not too late at all! Will pop you down as #193, just let me know how much you have left to pay off!

Since1981 wrote: »

I should have started this in January! Long way to go!!

You can start now if you like Do you want me to add you to the challenge?

Bublin1

#173 19.13% figures in signature

kickuptheasstime

Sorry MC!!


#153 £369 paid / £9790 debt (3.8%)


Feeling very proud of myself - I've managed to make some additional payments towards the end of April, totalling £74.86 - woohoo!! I've just been transferring tiny amounts here & there but it all adds up.


I'm fully budgeted for May already (have been for 2 weeks!) and updating my spending diary & spreadsheet as I go along. The only unexpected spend so far (I get paid on 25th of the month, so I budget from that date), is to the local chemist for some hayfever spray (£5.40) as I'm really suffering overnight, more than ever.


Still reading everyone's updates which helps to keep me focussed


Well done to all of you who are making progress!


KUTAT x