Pay ALL your debt off by Xmas 2015!

Pablosammy

Welcome to all the newbies! Mid month update is about to happen, and you've all been assigned numbers :T Sorry it's taken so long, I tend to do my spreadsheet updates on the gap between my day and night shifts, which happens once every 10 days. Anyway, here's who's who...

Pollygarter - #175
Bored - #176
bumblingbea - #177 (I need a target total from you )
MrCrimeFiction - #178

abba1772 wrote: »

Couch payment came out today so bye byes £54.40 brings my total to £4023.53 / £4000

Woo HOO beat my target and it's only May ..........I'm not debt free so will extended my target to £6000 if that's ok Pablo ?????

Congrats, and that's absolutely fine by me. I'm hoping I'll be doing something similar later this year! :T

Pablosammy

Woop, just sold a phone for £180. That'll be paying off my credit card, which will leave more for an overpayment next month Pay day tomorrow too, bring on the over payments.

Pablosammy

Another quick post from me. Checked my payslip, and my student loan's gone out. My loan will be shortly behind, so I'll declare...

#41 £8,176.63/£15,000.00 (54.5%)

Chuffed to bits, as that takes me over the magical £10k paid since I started in October last year. Under £12k to go... :j

abba1772

Paid £20 towards the very account brings my total to £4191.01 /£6000

Bublin1

Direct Debit of £180.54 has just come out....new total


#149
£1457paid/£5000 =29.1%

Frizzle_2

Hi all,

I was part of this thread last year and about 6 weeks ago I couldn't help but find this years thread and have read it all the way through! I though I needed to post a message.

Firstly, well done to everyone on this thread! You are all amazing. It's not always easy but you are all heading in the right direction and no exactly what you need to do rather than burying your heads in the sand! A massive bonus! Even thought I am no longer in debt (well apart from the mortgage) you have still inspired me to not waste money on things we don't need. So thank you.

This time last year we had no savings and two large car loans. We were to paid the car loans off over 5 years. It never occurred to us to overpay them to pay less interest!

We decided we wanted to move house but we wanted to get rid of the loans before we did. We tightened our belts, saved to pay off the smallest loan and got rid of it and then used the extra money to pay off the second one. It surprised us how much money we wasted before on nothing! I also joined the grocery challenge and have halved my monthly shopping bills which has meant an £200 or so to pay off debts.

Anyway, in October we became 'debt free' and started to use that money to save for our deposit for the next house. We sold the house and got an offer accepted on a new one in April and we should be moving in June. The house needs some work doing to it but it will be done gradually!

Keep up the good work everyone. You are doing great!

Pablosammy

Thanks for the kind post Frizzle. It's always nice to hear from old members, and it sounds like you're still on the straight and narrow! it's posts like these that keep me going, and a nice reminder of the freedom at the end of the tunnel. Congrats on the new house :j

MrCrimeFiction

Number 178 reporting for duty.

Loan 2 came out the bank the other day at £126.37 and I made an overpayment of £26.26.

So I'm now on £152.65/£3000.

Can I change my target to £5000 please.

Thanks

amr547

Good luck with completion today Matlock!

Mat_Lock

Thanks, sat here at work just waiting for things to happen