Pay ALL your debt off by Xmas 2014!

recurrent-ostrich

I'm still here. Just! Things aren't going too great right now as we've had loads of added expenditure with the kids, but also we've made a decision to take a BIG trip next summer -my elderly rellies in Oz are getting on now and next Summer is the last time we won't have public exams with the kids for the next 10 years :eek: so we've decided to suck it up and go and visit them. It's gonna knock our DFD back by a year, but actually, I think family is more important, so we're going. Loan payments and minimum payments only until then for us, then we'll hammer it from Sept '15 onwards!

LAM2011

Morning everyone


Please update my total :


#005 £3,730 / £7,000


which if my maths is correct takes me over the halfway mark.

nolongerindenial

minicooper272 wrote: »

I definitely have this feeling right now. I am going to do my utmost to ensure my disasterous May does not extend beyond June!

Congrats on the mortgage! Hope you took some time to celebrate that milestone! :T

Had quite an expensive weekend this weekend as it was our wedding anniversary on saturday night - had a lovely meal and a bottle of Martini Asti (Missed out on a deal :evil) and a few drinks after that, it wasnt cheap but we had Asti at our wedding and so insist on doing it once a year with a steak dinner;)

we then went onto have a BBQ yesterday with my parents and our son, only cost us £5 for the burgers and onions.. it didnt hel

dktreesea wrote: »

That's quite brave, having a mortgage whilst being self employed.

I know the feeling, waiting each month for that magic day when all the overheads and the rent are paid, when we can start paying ourselves. But I wouldn't like the pressure of it being a mortgage that was waiting to be fed.

Luckily were based from home, unluckily I was made redundant by a coke head boss snorting the company profits 18 months after buying a house with a 100% mortgage and the housing markets collapsing within weeks.. I then decided to make a living myself as ive been screwed overa few times and got locked in negatie equity upto £35,000..

Im pleased to say as of May 2014 - theres is around £500 equity in the property :rotfl:

nolongerindenial

mossy wrote: »

nolongerindenial Well done on making another payment. One time I had to contact a regular client to chase an invoice which was overdue. Fortunately payment arrived the day before the mortgage payment went out! Our mortgage is the last bill of the month as it were, so it's normally fine....don't like it when it gets that close though! :eek:

This month was the first month this year that when the mortgage has gone out I have had a positive balance over £1 in the bank :eek:

I am putting myself under a huge amount of stress to get these debts paid off, I dont know if 22k is possible this year, im not going to change my target as that includes a substantial settlement payment i believe I may be able to get.. Once I have paid the poison debts of over7K (down to £5258.51 as I type this and we are targeting sub 4k this month), these cause numerous ups and downs - I will win and I will celebrate with another couple bottles of Asti.

[Deleted User]

Well done on all the updates.

I have to wait another month now before anything else can be paid off.

Wish I had a monthly wage every week how good would that be LOL

Dxxx

Aphidgirl

Evening all,

Another few payments have gone out yesterday to the tune of £300, so the new total is:

#163 £3132/9141 (34%)

Unfortunately I'm expecting to have a tax credits overpayment to pay back soon which could undo all the hard work this year, but as I've almost cleared a few of the smaller debts this should free up some money to pay it back gradually. Not looking forward to seeing the debt total increasing though!

Well done everyone else, keep it up!

amr547

ahh definitely not a morning person - wish i was!!

just transferred some money across so hopefully i will be ok for the rest of the montth. just need t check on OH's bank balance cos he is terrible at keeping track of his payments!

Duke_848

Gonna change my target amount to something more achievable I think, £10,000 seems to be a bit beyond my reach this year unfortunately. Seeing as we are half way through the year and I've paid off c.£2,500 I'll change my target to £5,000 and see how I get on. Hopefully, I'll pay off more but, as a minimum, if I reach that amount by xmas I'll end the year happy. So please update the following...

#187 - £2,672/£5,000 (53.44%)

Cheers!

blubella

£25 paid off now standing at:

#101 £1567.85/2500

Mat_Lock

Sold my old TV so making an extra needed payment to the debt now. £71.14 paid off the MBNA card.

Now stand at:

£2234.85/£4134.85 54.05%