Pay ALL your debt off by Xmas 2015!

abba1772

Rounded down my account sent £1.73 to my barclaycard credited card xx

Brings my total to £6347.45 / £6000

mrskingandthescarecrow

#141 here. Have paid November bills and extra payments to reach my 100% target. Signature updated.


I am now going to bow out of this challenge as I am moving next month. I will see you all in the new year for next year's challenge where I hope to get rid of the remainder of my debt.

black_cat

£4423/£4423 100% paid!
Thank you Pablo for this thread and thanks to all who post on it. You are all inspirational and I hope that you achieve your goals this year (and next) :beer:

timefortea

#183 £2,393/£3,757 63%

I bought a winter coat this month so haven't paid off as much as I otherwise would have. But on the plus side I've just gone full time at work so next month's pay packet will be fatter. And we'll be getting our (sadly tiny) annual pay increase backdated for the last three months, so I'm looking forward to that.

Pablosammy wrote: »

After we've all reached our targets, what do people feel is 'acceptable debt'?

Clearly it's unrealistic for most people to buy a house without going into debt, but what about cars? Or big credit card purchases that you intend on paying off within two or three months? How about sofas on interest free credit and the ilk?

I'd like to get to the point where a mortgage is the only debt I have, and am buying cars and other big purchases outright when I can afford them with cash. It might take a few years to get to that point, but that's my 'end game'. I don't know how realistic it is, but I'm going to try!

I have almost the same aims as you. I'm more forgiving of interest free debt so would be happy to buy things on a credit card if I already had the money to pay it off at the end of the month, but that's it.

Pablosammy

black_cat wrote: »

£4423/£4423 100% paid!
Thank you Pablo for this thread and thanks to all who post on it. You are all inspirational and I hope that you achieve your goals this year (and next) :beer:

Well done! Another debt bites the dust :beer::j

Aphidgirl

Well I've paid off my Natwe$t loan completely (originally £6000) and paid back all of my tax credit overpayment for 2013-2014 (around £1800), taking me to my target of £4683/4683 :j

The sad news is that I have received another bill from HMRC - I owe a £400 overpayment for the tax year 2014-2015. I also put £200 on my one remaining credit card to pay for a hotel and I won't have the money to pay that off till the end of the month - so I'm still in debt!

I can't declare myself debt-free till I've cleared those balances, but it's only £600 and with 2 paydays left before xmas I think I can do it.

So my revised total is:

#9 £4683/£5298 (88%)


Well done everyone else on all the hard work this year!

elleJay42

I got a new job! After almost three years of temping I've got a permanent job. I'm really pleased but it means I'm going to be moving from weekly wages to monthly wages... most likely won't get paid until the end of the year


I have a small emergency fund that will pay the bills (just!) but I won't be able to put anything towards my debt for the rest of the year.


I'm going to concentrate on not getting into any more debt and looking forward to next years thread when I'll kick this debt's butt!

abba1772

elleJay42 wrote: »

I got a new job! After almost three years of temping I've got a permanent job. I'm really pleased but it means I'm going to be moving from weekly wages to monthly wages... most likely won't get paid until the end of the year


I have a small emergency fund that will pay the bills (just!) but I won't be able to put anything towards my debt for the rest of the year.


I'm going to concentrate on not getting into any more debt and looking forward to next years thread when I'll kick this debt's butt!

Congrats on the job xx

abba1772

Rounded down my account sent £3.29 towards my credit card

Brings my total to £6350.74 / £6000

abba1772

Tax credits came in sent £29.89 towards the barclaycard brings my total to £6380.63 / £6000