Pay ALL your debt off by Xmas 2015!

lexbubbles

Pablosammy wrote: »

There will be! I'm just starting to canvass for a volunteer to run it, and I think blubella has expressed an interest. Keep your eyes peeled towards the end of the year.

I joined the previous thread around this time last year, and set myself a small target for the remaining two months. You'd be welcome to do the same!

Oooh. Gosh I feel silly now. I made a massive post in the forum earlier about my plan to be totally 100% debt free by next Christmas and then found this

(it has no replies. with any luck it'll just... fade away and be forgotten and we'll pretend it never happened :rotfl:)

So I'll join now with what I plan to pay off next month (this month has been and gone with payments already)

Aqua CC: pay £500 to get down to £1,400.83
Capital One CC: pay £25 to get down to £436.18
Vanquis CC: pay £25 to get down to £223.47
HSBC Overdraft: nope. It's £100 and it's staying that way until the CCs are gone
Loan from a friend: £150 to get down to £1,100

I already worked out my payments for the next year (including calculating all the interest each month as I cleared more and more) so as long as I can stick to a tight budget and no emergencies occur I'll be debt free by this time next year

(Well, I say December. I get benefits and they're paid 2 or 4-weekly rather than monthly. I just start my 'financial month' the day after rent. Which is to say my months run from the 25th-24th.

Anyway tl;dr I should be making those payments on November 27th when the next lot of money is due in)

Pablosammy

First of all, welcome to new members knightley (#188) and lexbubbles (#189)! Good luck for rest of the year and onwards.

Secondly, we have some medals to award! Dah dah daaaaaah....

:T:beer::j:T:beer::j:T:beer::j



:T:beer::j:T:beer::j:T:beer::j


:T:beer::j:T:beer::j:T:beer::j



:T:beer::j:T:beer::j:T:beer::j


:T:beer::j:T:beer::j:T:beer::j



:T:beer::j:T:beer::j:T:beer::j


:T:beer::j:T:beer::j:T:beer::j



:T:beer::j:T:beer::j:T:beer::j

Last but not least, a belated October total. Together we paid off...

£26,624.82

...which pretty much exactly matches last year's total (although we did slightly better :cool:). Well done everybody!!!

abba1772

That's a fantastic amount to be paid off in a month especially with XMAS approaching fast xx

Money_Muppet

Payday. Wife starts maternity leave this month, so money diverted to make sure we have enough for the new arrival. £260, takes me to;

#75 £9204.48/£18624.98

Pace of debt reduction will slow down for me for a while now. The good thing is though, with YNAB, I know we can afford the next few months. I dread to think where we would be without having found that!

mrskingandthescarecrow

Hi Pablo, thanks for the lovely award but I am not debt free yet :-(


I have reached this year's target though and will be back next year to clear the rest of my debt.

Pablosammy

mrskingandthescarecrow wrote: »

Hi Pablo, thanks for the lovely award but I am not debt free yet :-(


I have reached this year's target though and will be back next year to clear the rest of my debt.

Whoops! I'll get the engraver to make you a new one :rotfl:

abba1772

Couch payment of £54.40 has came out And I rounded down my account so sent £32.89 towards my credit card

Beings my total to £6520.22 / £6000

Happy Monday

Pablosammy

abba1772 wrote: »

Couch payment of £54.40 has came out And I rounded down my account so sent £32.89 towards my credit card

Beings my total to £6520.22 / £6000

Happy Monday

Still going! Reckon you'll make £7k by the end of the year?

abba1772

Pablosammy wrote: »

Still going! Reckon you'll make £7k by the end of the year?

Yeah I reckon I can make that target :rotfl: xx

timefortea

I had to take my dog to the emergency vet last night (on a Sunday :eek:), so I put a hefty sum on the credit card. I'll have to divert some of my payments from my interest-free card to pay it off, so... I won't be debt free by Christmas. I'm disappointed, but that's life I suppose.