Pay ALL your debt off by Xmas 2015!

Pablosammy

Kittycat1981 wrote: »

Hi all.

I'm new but have been lurking around on MSE since the start of November 2014, I'm really inspired by many of you. Since lurking around i have started over paying on some of our debts, (reducing our bank loan by 2 months already)

I would love to be debt free by Christmas 2015 (realistically its probably going to be July 2016 according to my spreadsheet, unless something drastic happens - like a pay rise, but working in the public sector that really isn't going to happen!)

Between me and the hubby we have 10.5K worth of debt, (credit cards and bank loan.) I intent to move our cards over to another 0% interest card in the new year once our current offer runs out.

My aim is to be debt free as soon as possible so i can start over paying on the mortgage- i would like to be mortgage free and debt free by 40 (I'm currently 33) We can totally do this, I am starting to get my hubby to see my way of thinking. It will be a tough 18 ish months for us but will be so worth it to be debt free and to start making our money work for us, instead of the other way around.

Hey KittyCat1981! I've given you #059, welcome to the thread In spite of the thread title, lots of us set targets that are less than our total debt... if you think it'll be more achievable, I can set a smaller target? Don't let me stop you being ambitious though :rotfl:

CAFCGirl wrote: »

Hello,
I joined last years thread but honestly I was absolutely dreadful and still hid my head in the sand so not much changed for us.

We have £6192 outstanding.

I'm not sure we'll come close to clearing that this year but heck even 50% I'd be happy with.
So my monthly target is to pay £258, which would pay off 50% by the this time next year.

Even that is a very tall order at the moment but I'm determined to do what I can.

Well done for staying around, you're number #060 this year, Keep plugging away

twiggy86

Pay day today so I've paid a further £447.65 off my debt - so £452.65 since I started this challenge!

Determined_diva

Sorry mine needs amending as I gig the total wrong it's actually £9,145.24 that I totally have to clear :-(
DDx

amr547

I actuAlly really need to save money next year- really want to get onto the housing ladder! Fat chance...

Roundthebend_2

Just paid my sofa finance payment for this month ( only 4 more to go!) so that's another £50 off my total

amr547

Roundthebend wrote: »

Just paid my sofa finance payment for this month ( only 4 more to go!) so that's another £50 off my total

Three or four more here- done in february or March, not sure which....should probably check:eek:

kirstydriver

amr547 wrote: »

I actuAlly really need to save money next year- really want to get onto the housing ladder! Fat chance...

If there is a will, there is a way!
Unless you live in London!

amr547

kirstydriver wrote: »

If there is a will, there is a way!
Unless you live in London!

I don't, thank god. But I am on the commuter line and they're building a lot of houses right now :eek: and they're way more than I can afford!

Damn our wages. It's almost impossible to live and save really. Think I might go over to the frugal living challenge!

Roundthebend_2

amr547 wrote: »

Three or four more here- done in february or March, not sure which....should probably check:eek:

I'm not sure on mine either actually, i'll check if you will?

kirstydriver

amr547 wrote: »

I don't, thank god. But I am on the commuter line and they're building a lot of houses right now :eek: and they're way more than I can afford!

Damn our wages. It's almost impossible to live and save really. Think I might go over to the frugal living challenge!

Oh I am in the south east and know how tough it is to get a affordable house, saving is the impossible bit!

wishing you luck! you can do it!