Pay a debt or reach a goal in 2015 challenge? Yes please!

DebtFree2012

Love your posts Highland Lass you sound very similar to me and I like to get my thoughts out on paper too. Makes them easier to process.

We are also similar in the sense, once I am DF we will be looking for the next place which is my whole drive to become DF.

Good Luck with your job hunting.

monz

Mine is pay half my debt/ goal. I am being realistic that I will not achieve paying my £4,555 loan off next year (I wish!) so if I half that £2550 next year more attainable... I think lol Means from January paying 212.50 a month... yikes lol. Well my monthly is £98.54 and well see how it goes x

DebtFree2012

Hiya - it's best to be realistic - you know you so only you know what you can do and £2550 is a cracking amount to achieve

sonicetomeetyou

Pay day today so have made a little dent in the credit card debts. I will pay more towards them but need to work out a proper budget for the month first to see what I can afford. My plan is basically, pay minimum payments for both from my pay every month. Any earnings I make online doing surveys etc will go straight to the smaller card and anything else I can spare from my pay through the month will go to the bigger card. I want the smaller card paid off first. Doesn't make the most sense interest-wise but I know I will feel so much better when I get one of them paid off fully and the smaller one will be easier to do.

millionaire_in_training

Hi DF2012 please add me to your list. I have a card that has 0% until Jan 2016 so I would llike to get rid of as much of that as I possibly can. It' s at £5768.65 just now. It is a big ask but I want to really go for it. Thanks x

sonicetomeetyou

Well, I've already changed my plan. Hahah. I've been thinking and I really should deal with the highest interest rate first, which at the moment is actually the overdraft. Although the 0% offer on my Lloyds card (the £500 one) will end in April or May I think and then that will be charging more interest than the overdraft. So my new plan is to only make minimum payments to the cards, and keep all other money in the bank to keep the interest on the overdraft down. And then when the Lloyds card starts charging interest I will pay off whatever I can from what I've built up in the bank. Then as soon as that's completely paid off I will get back to work on the overdraft. Make sense? Hahaha. I will get this sorted. Really I will.

Calling14

Hi Can I join in the merriment.

Ideally would love to clear my debt 6k by xmas more realistic try £4200 pushing myself but determined. Have managed nearly 4k this year but think my cc going to be used this month unforeseen circumstances.

PinkPoppies

I'd like to join please!

Going to aim for paying off/saving £20k in 2015. A lot of money, I know, but should be doable if we really, really focus and knuckle down. Once our CC is paid off we will be spreading our monthly payments between our remaining loan, and a mortgage offset account- for the purposes of this challenge I'll count the offset payments.

I'm SO looking forward to 2015, have a good feeling about it! Lovely fresh clean slate! Roll on January!

Good luck everyone!

kdalwayskint

Please can I come too?

I want to get rid of my credit card, luckily I've only got one but I'm the same as Highland lass, . Things are very tight.

I need to go some number crunching to see what's what but determined to get some debt busting done next year!

tinks112

Please may I join its to pay my mum,dad and Nan off that i haven't had a chance to pay yet.

I owe my dad for a car, my mum for tax and MOT and my Nan for a Fridge freezer as mine broke.

I owe in total £1100.00

Things have just seemed to get in the way etc so 2015 is my year to clear money owed.

Thanks.