Pay ALL your debt off by Xmas 2014!

abba1772

abba1772 wrote: »

Paid my argos card £100 and cleared hubby's credit card £18.56 (it's a credit repair ones so he's putting the fuel on it every month then we are clearing it)

Brings my total to £2724.18 / £3000

Getting there xx

Another £20 towards the credit card bring my total to £2744.18 / £3000

Frizzle_2

Direct debit has come out so another chunk paid!!!

DFBX2014 no. 208 £3905.39 / £6965.20 (56.1%)

JAMIEDODGER

Can I join in too? Hope its not to late.

I would like to set my target at £1500 to pay off by christmas 14 if thats ok?

Many thanks:)

SpagBol

minichick31 wrote: »

Hi all, it's been a while as I'm currently away in Afghanistan as I'm in the RAF.

As a bonus I'm spending no money, just working all the time!

#098 £2002.32/6540 31%

See ya'll soon!

Well done :T

markymark355 wrote: »

would love to know how this is done.
wot have peeps done, to do this.
i owe about £5500.i have cut back so much,stopped over paying on my mortgage,dumped some polices that i did not need,stopped the milk, beening devlived to my door. it was £0.71 a pt.i can get four for a quid.
i have done a budget.
i should have £400/£600 left over each month!!!!!
i am single and live alone,well just me and the cats.

overdraft. £1,900 old account
secone overdraft £1,500 main account
loan £1, 700

i have no credit cards

each month i get £250 from the atm,which i use for food, fuel,cat food. and so now.
just looking for some adviced really.

thanks

I would read back a few pages and get a feel, everyone goes about this differently but in general the successful ones just plug away slowly, a small payment frequently adds up and becomes addictive. Maybe ask your bank how you can reduce your overdraft limit gradually say by £50 at a time so the facility isn't there any more. Give your total and minicooper will give you a number, I hope there will be another challenge next year too (as you can see I have a LOT to pay still...)

JAMIEDODGER wrote: »

Can I join in too? Hope its not to late.

I would like to set my target at £1500 to pay off by christmas 14 if thats ok?

Many thanks:)

Absolutely! Welcome :wave: minicooper will give you a number at some point.


Exciting news chez spagbol. DH has some freelance work this week which should prove lucrative and I've been told I will have a small amount of an inheritance coming my way soon from a family member that died last year. Whilst I feel a bit bad just chucking that into the black hole when I think about interest and monthly payments it is as if they have gifted me about £60 a month for the rest of my life so that's wonderful :A

JAMIEDODGER

Thanks Spagbol

Off the starting block with first payment made this morning:

£16.35/£1500 1.09%

GunWharf

JAMIEDODGER wrote: »

Thanks Spagbol

Off the starting block with first payment made this morning:

£16.35/£1500 1.09%

Fantastic :T

Glittery_2

minicooper272 wrote: »

glittery I think you would regret it! You'll have to buy presents anyway, arrange for them to be posted, buy food you wouldn't have had to.

I lived a similar distance from home until recently - can you take the train instead? Book early and it's 1/4 of the usual price. Can you look at making presents? I made home made limoncello and infused gin for people 2 years ago it worked out around £4 a gift. I was going to make toiletries for people last year, but we did secret Santa a instead because my friend needed to save money. I also doubled up my clubcard vouchers to buy my sister an expensive set of kitchen scales and my OH a caffetierre. This year I've switched my clubcard to save up all my points for Christmas, and I'll do something similar. At this rate i should have around £50 to spend.

There are lots of ways to save money and give you a happy time with your family!

That is such a good idea, I think I might look up some limoncello recipes tonight.
We couldn't get the train as I have a large doggy (and he'd take up too much room on the train!), Plus with two Adults, it probably works out the same on fuel.
Thanks for your brilliant suggestions :A

amr547

Ahhh spent a fortune this week. Going to try not to spend anything else on food,,,,,,hoping to get a decent amount back from expenses this week and that will go straight into my savings pot.

DreamerHelen

I'm really sorry but I'm going to have to pull out of this Challenge for this Year....It's all I can do at the moment to stay out of more Debt without trying to pay any extra right now....


I think I just need to concentrate on making my Weekly Payments to my Debt and keep paying off gradually for the rest of this Year...


I wish you ALL the best for the rest of this Year and I will hopefully be back in the New Year for the next Challenge when I will have then finished College and be on a more even keel...

SpagBol

DreamerHelen wrote: »

I'm really sorry but I'm going to have to pull out of this Challenge for this Year....It's all I can do at the moment to stay out of more Debt without trying to pay any extra right now....


I think I just need to concentrate on making my Weekly Payments to my Debt and keep paying off gradually for the rest of this Year...


I wish you ALL the best for the rest of this Year and I will hopefully be back in the New Year for the next Challenge when I will have then finished College and be on a more even keel...

If you think you're struggling this is the best place to be, I regret not posting more at the start of the year. It's up to you obviously but do stay even if you aren't able to make any payments