Pay ALL your debt off by Xmas 2015!

Fmess

Pidge_jen wrote: »

Hubby has had his LBM :j
He's spent all morning making spreadsheets showing our predicted income/outgoings and where we can cut back and save.....so proud! QUOTE]

How exciting for you :T

chesterroo

Hi please can I join in your challenge? I have just spent some time going through all my debts and collating them on a lovely spreadsheet. I owe in total 7162.90 and I would love to have this cleared by Christmas 2015 :T

frogmellaandgill

Hi everyone
Would love to give this a try! Realistically not possible to clear all of these by end of the year but am gonna really give it a go because as I'm sure you will agree - baby steps turn into miles!!

Roundthebend_2

frogmellaandgill wrote: »

Hi everyone
Would love to give this a try! Realistically not possible to clear all of these by end of the year but am gonna really give it a go because as I'm sure you will agree - baby steps turn into miles!!

Some people use their total debt as their target number and just aim to clear as much as possible, others, like me pick one (or more debts) and use that total as their target to clear.

My target is £4k, which consists of my 2 overdrafts, my sofa finance and my unsecured bank loan, which I think, that with a lot of hard work, I can realistically clear by the years end (hopefully!)

RTB
xx

dolly84

OK. I am ready to go now. Today I have added up all my debts and updated my signature with my new total. Originally I thought it was about £6k but it is actually £1k more than I thought.

Today I have paid £16.50 towards the debt, not much but still something, my new total includes this payment.

dolly84

#20 £0/£7139.47

There is now way I will get that paid of by Christmas but I will give it a jolly good go.

spiritless

Hi, do you mind if I join you?


Current total debt is a bit beyond what we'd manage in 1 year (£35630)but aiming for all of the minor unsecured stuff (2 credit cards, 2 family loans, loan and an over draft) as well as starting to make an indent in to the unsecured NRAM loan which is stopping us from moving home.


Aim to pay £14128 off in 2015.

Dizzy_Imp

Made an extra payment of £80 today!
Takes my figures to:

#85 £480/£25,000

frogmellaandgill

Roundthebend wrote: »

Some people use their total debt as their target number and just aim to clear as much as possible, others, like me pick one (or more debts) and use that total as their target to clear.

My target is £4k, which consists of my 2 overdrafts, my sofa finance and my unsecured bank loan, which I think, that with a lot of hard work, I can realistically clear by the years end (hopefully!)

RTB
xx

Ah I see - so could just focus on the most expensive and try to clear that. Thanks roundthebend.
So will try to clear scorecard £1786.29 by the end of the year. Will be a tough one cos has a high APR but will be worth it
Am not sure how to reply so here's hoping this reaches the thread!!
Frogmella xx

Pablosammy

frogmellaandgill wrote: »

Ah I see - so could just focus on the most expensive and try to clear that. Thanks roundthebend.
So will try to clear scorecard £1786.29 by the end of the year. Will be a tough one cos has a high APR but will be worth it
Am not sure how to reply so here's hoping this reaches the thread!!
Frogmella xx

Hi Frogmella! You can pick your target, it doesn't have to be your whole debt (despite the title!).

Just post your updates in the thread, I come along every now and then and update the front page. I'll get a number assigned to you on my next 'sweep', welcome along :T