Pay ALL your debt off by Xmas 2014!

rogueylawyer

Can I have a number please? My current debt is £7045.54 I've already paid this down by about £500 this month, everything is moved to 2 0% credit cards; one 0% until December 2014 and the other 0% until May 2016. My trouble isn't the paying back - it's the not buying as soon as a card is clear. Once all the transactions are finalised on to the 0% I have one spare card to close and will ask to reduce the limit on the second card so there's no room to spend.

rachie_2011

Please may I join again... seeing as I never updated my debt once last year (hangs head in shame).

My target to clear is £5,500.

amr547

Urg, not going to hit my £700 savings target for the car this month - just too much to pay out! I will be close though with around £500.

starnac

Hi guys. I kind of disappeared for a while during the 2nd half of last year but I'm going to try to do better this year. I really really really want to be debt free this year. My target for this year is £9,827.73 Thank you

Rachiedabbler70

amr547 wrote: »

does anyone else feel really impatient??? sigh! i don't want to wish my life away, but i'm pretty bored of not doing anything!

Yes definitely share this feeling, I am very impatient:D. My mortgage payments went out today so can report a debt reduction, but need to wait a few more days before credit card payments are due.

Mortgage payment £325.51 off the capital I owe. (Interest payment was £226!) I need to average a reduction of £1,050 per month to reach my target for the year (this is 43% of the money I earn), but think I will exceed this for January because I have lots of food left in and no plans for any big spends. I will also take my lunches to work every day and pack the kids up their dinners also.:D



Good luck everyone.

#058 £601.51/ £12,600 (4.77%)

Maccydu

Ok, so I've worked out if I pay £50 a day, every day, all the way up to Christmas, I'll be debt free.

It'll be a struggle (financially) but it feels quite easy to log on to my computer every morning and pay £50, so I'm going to go at it that way. Otherwise the thought of tackling almost £18K will overwhelm me!

I think it will also challenge me to find money every month (week / day / hour!) knowing that every morning I need to have £50 available.

So, with that said, I've made today's (and yesterday's) payment, and also cancelled a £400 order for a new treadmill (does that count as a payment?) which puts me at...

#65 £500 / £17935

mumfirst_2

This is getting additive and its only the 2nd.. before i started this i would have thought this too small a sum to pay but ...

ive found an extra £4.00 ... so

#55 £4.00

please

DD265

#020 £325/£4813.83

Got to wait until Monday for the next payment!

minicooper272

EmilyTee welcome - you're number 080

fenmad welcome back - it's nice to see you again. You're number 81 this year.

Shoppingsinner welcome to the site/challenge you're number 082

freebiz14 I hope it will be a good year for you - you're #083

redbooties welcome to the challenge, you're number 084

rogueylawyer welcome to the 2014 challenge - you're number 085

rachie_2011 no need to hang your head in shame - on my spreadsheet it says you paid off £3000 last year - well done :T you're number 086 this year.

starnac welcome back to you as well - you're number 087 this year.

It's really nice to see so many 'newbie alerts' when I'm logging in at the moment - hope it's the start of a good year for everyone!

minicooper272

mumfirst wrote: »

This is getting additive and its only the 2nd.. before i started this i would have thought this too small a sum to pay but ...

ive found an extra £4.00 ... so

#55 £4.00

please

Could I be a little bit of a pest and ask if you can post you're cumulative amount for future (i.e. £18.39) my maths skills aren't up to it if people do it this way