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Pay ALL your debt off by Xmas 2014!

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Comments

  • trixie888
    trixie888 Posts: 125 Forumite
    Drastic but I will try atleast to end one loan/debt. Let me join here:T
    Salary Loan: $16,737.42; $ 14,099.64
    Credit Card1: $6,200.73;
    $ 4,846.11; $1,808.21
    Credit Card2: €1,357.07;
    € 365.97
    Sibling Loan: €2,066.77/$1,150.00 --- Friend Loan:
    €3000,00 - PAID ---Fiance Loan: €5000,00

    Mission: To SAVE money but pay debts first. update as of: 13-11-2014
  • If you wouldn't mind popping me up on the board, that would be brilliant.

    Long time lurker, but I'm after a badger badge this year.
    Amount to clear: £3,323.61

    DFD 24/12/14
    MBNA £788.82/£1,416.82 Nationwide cc.£743.12/£906.75 Bike Finc£916.71/£1,083.37 DFW Christmas2014 #195 £958.29/£3,406.94 28.1%paid
    House Saving -£15,621.83/£20,800.00 + £8,000.00
    'why are you laughing?' - 'becuase if I didn't laugh I'd cry and I don't like crying very much'
    Speedhunter - #JoyOfMachine
  • marliepanda
    marliepanda Posts: 7,186 Forumite
    Yay its May!

    Aiming to pay around £700 this month, that will leave me £100 short of 50% so hoping to find that elusive £100 from somewhere :D It will however mean I have paid off my interest accruing CC and should have my interest accruing OD paid off by Mid June.

    Have worked out the interest is still less than the balance transfer fee I toyed with back in january so pleased about that :)

    Can't wait to start reporting payments again, feels like ages since I have! Roll on May 9th!
  • DD265
    DD265 Posts: 2,225 Forumite
    Part of the Furniture 1,000 Posts Homepage Hero Name Dropper
    Hi all!

    Feel like I'm making good progress even though I'm only really paying once a month:

    #020 £4227.92/£6526.84

    I also have some overtime lined up at the end of June so hoping that will be a decent chunk to help me out!
  • Dakota86
    Dakota86 Posts: 99 Forumite
    PPI Party Pooper
    #123 - £1410/£5000

    what a poor show this month just short of £200 paid and I know May wont be any better after bank charges and road tax has left us living on breadcrumbs.

    The only good thing for April was that I made my last payment to one of my credit cards after 8yrs paying it off the statement came through today £0 woohoo!!
    16 projects in 2016 - 5/16
    Debt free Xmas 2016 #90 - 7.2%
  • GunWharf
    GunWharf Posts: 308 Forumite
    100 Posts Uniform Washer
    Dakota86 wrote: »
    #123 - £1410/£5000

    what a poor show this month just short of £200 paid and I know May wont be any better after bank charges and road tax has left us living on breadcrumbs.

    The only good thing for April was that I made my last payment to one of my credit cards after 8yrs paying it off the statement came through today £0 woohoo!!

    Well done on the Credit Card! I hope I have that feeling in a few months. Keep strong-keep going and keep believing!
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
    Secured Loan
    WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000
    (£28,000 PAID OFF SO FAR!)
  • Wanna_Bee_Free
    Wanna_Bee_Free Posts: 2,387 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's a little better than that - 0.22%! and 0.22% in the right direction...

    Oops, forgot to multiply by 100!!

    Well I'm finally getting stuck in to the challenge today with a payment of £456.06 so that's

    100 £467.70/£5411.64 - 8.64%

    I have really found it helpful to read everyone's updates on here - what a great and motivating bunch you are - thank you very much!
  • minicooper272
    minicooper272 Posts: 2,131 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    #31 reporting in, gleefully for the last time as we've paid off the last of our debt.

    a £347 payment to the CC means our challenge total is

    £3,072/£3,072 = 100%
    :j:j:j

    We are so chuffed that our debt is finally gone - only the mortgage remains. My maternity pay starts tomorrow and then I'll be back part time so we've a whole new challenge living on less income. Thanks goodness that debt is gone.

    Thanks for this thread - to the administrators and especially minicooper. It's been crucial having this challenge to keep us on the straight and narrow.

    keep going peeps, and very best of luck

    MIB x

    Congratulations!! :j:j I really do hope this isn't you checking in for the last time ever though... Don't forget to pop in and let us know how mat leave is treating you! Debt free roll of honour to follow :)
  • minicooper272
    minicooper272 Posts: 2,131 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Debt Free Roll of Honour 2014!

    :j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j

    :j#031 Maybe_its_because Paid £3,072 :j

    :j:j:j:j 30th April 2014 :j:j:j:j



    :j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j
  • minicooper272
    minicooper272 Posts: 2,131 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well Maybe_its_because has snuck in at the last minute to give us 1 new debt free member this month :T And we have 10 new members this month to continue the battle against those pesky lenders! Welcome newbies :)

    Of course I mucked up a little last month, and so some of your April payments were lumped in with March, but despite that, in just 26 days, you've all paid a further:

    £38,295.09

    Well done everyone :T:T
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