Pay ALL your debt off by Xmas 2015!

Glittery_2

So up for doing this challenge again.

I was #211
Am going to try and pay off £9600
(Which consists of a credit card, and 2 loans)

Will make my first payment after I get back to work next week.
Here's to a happy, debt free 2015 :beer:

minichick31

Hi y'all first payment for this challenge

#098 £440/£1840 24%

Sweet! :beer:

Harryspotter

hi everyone and hope you all had a good christmas - i had a fab time wight he family and lots of rest too. made another payment today to the barclaycard.
so

no 39 £375/£20108/1.8%

bathroom payment is due in full in about a month so i am keeping some money back in my current account to pay this as god only knows what the interest payment would be if i don't pay it all!!:eek:

x

blackberrycurved_2

PabloSammy / Mini Cooper a big thank you for doing this.

amr547

Okiedokes, and we are off

#011: £51 / £3500

It's a start!:rotfl:

Fmess

Fmess wrote: »

Sorry for all the updates. Just managed to pay off another £26.50 so I'm now at...

#017 £413.39/£4842

:j :j :j :j

Me again! Keep rearranging my budgets and shaving bits off so going to pay off another £20 today

#017 £433.39/£4842

BodieGirl

Please can I join. Was DF last year but due to various unforeseen medical circumstances I now am not!

Total debt £2733 to be paid off this year

nearlytherenow

I would love to join this thread please! Slightly apprehensive as I'm really expecting a stay the same with my debts in 2015 as planning for a wedding at the end of the year but, you know what, as always these forums motivate me to be better with my finances. So, quick total shows:

£2050 capital one 1
£200 capital one 2
£150 rent arrears (will be gone by April as overpaying monthly)
£300 Next
£500 overdraft :-(
£2000 default CC with DCA (no current payments may offer F&F?)
=
£5,200 which is more than I thought gulp! But I'm going to go for it with all your support :j

Aphidgirl

blackberrycurved wrote: »

Any good ideas on what order to do this in I think I need to be better organised than last year. I have £1900 on one cc £1300 @ 0% £600 @14.5 and £5K on a loan @ 5%.

I'm doing the Dave Ramsey snowball method, paying off the smallest balances first. It's definitely worked for me as you get the buzz sooner from seeing those accounts closing.

blackberrycurved_2

Yes thanks I'll do the cc then the loan it might not be as financially sound but makes sense psychologically.