Pay off £10k in a year challenge

Lacherlich

Hey.

Thanks - I forgot to include my usual repayment for last month, so my new total paid off is £1308.

October:
Credit Card= £102
Loan= £267 (repayment) + £620 overpayment + £250 from eBay sales.
Loan for dentist- I also paid off £60 towards my dental loan.

On Friday I get paid and expect to pay off another £1497:

November
£500 to clear my dental loan
£730 on my credit card (I need to pay this off first now instead so I can get a mortgage for new house)
£267 usual loan repayment


Ill confirm on Friday!

Finally feels like I'm making a dent in this debt!

Lacherlich

Wow you paid off £7k in 3 months! Pretty good going - what's your secret?

The_Only_Girl

I realised I haven't updated my totals recently, which currently stands at £1124.13. I got paid last Friday but still awaiting hubby's pay on Thursday to write the November budget and update the EF. I'll update again on Friday.

crunch_time

Hi all

I'm afraid I only managed £305 in October which was way off my £750 target. DH appears to have been double taxed so we are £700 down for November - pretty rubbish. Hopefully I will be able to pay off more at the end of November.

I've got £3995 left to pay off of overdraft and CCs.

Crunch x

cybertortoise

Lacherlich - I had some unexpected income in October, this meant I could replace and return the items I had on HP and pay off a couple of smaller debts that I had previously been paying weekly.

I'll update totals as soon as possible.

Don't feel too disheartened crunchy, these things cannot be avoided. At least you still paid off something so are going in the right direction.

Good work all!

The_Only_Girl

Sorry for lack of updates: current total is now £1227.13.

Lacherlich

Hello!

Just dropping by to update my totals so far....
I've had to tweak the numbers slightly as have taken into account all the debt I have including residual credit card amounts etc. So i started with £17,488 and have now paid off £3083.

So about 18% cleared now.

Wont be able to pay any more off this month as living on £50 until next payday, ouch!

crunch_time

Morning all

Right all getting back on track after our little glitch!

Here are my figures...

Starting debt was £9000 on 1st August.

So far I have paid £1552 off so 17.24%.

Glad to see everyone is doing well!

Crunch

cybertortoise

Sorry for the late update. I have had some old debts that have come through that I didn't remember so my total debt amount is higher than previously thought, sucks!

But I challenged myself to drop £10,000 so I am sticking to that for now while I get a better overall picture of my situation. I have paid off £7748.69 so far so 77.48%.

I'll update everyone's totals later this evening or in the morning.

Good work everyone, we will get there slowly and we are all heading in the right direction.

MrsSave

Sorry, sorry for not updating! I have been making my payments, though. So far I have paid off £1,306.77.