Clear 3 Debts By Christmas Challenge!!

ehallett

Hi everyone :wave:

I was going to start my new challenge at the beginning of september but as it is the 25th August today and Christmas is exactly 4 months away, I thought I would start it now. :rudolf:

The challenge: Clear 3 different debts by Christmas.

The rules: The 3 debts can be anything you like. You must declare them when you join the challenge so everyone knows what you are aiming for. They can be as big or small as you like so if you think it's hard to clear 3 debts in 4 months then just pick 3 of your smallest debts. It also doesn't matter what order you clear the debts in or whether you want to pay off an equal amount off each debt so they all reduce together.

The money can come from anywhere but only declare it off the debt when you have physically paid it off or saved it towards the debt (if it's a loan or hp for example).

The deadline: Christmas Day!! :snow_grin

On this thread we can encourage eachother with our debt-clearing. We can also share our ideas for making some extra money and I thought it would be good to share any bargain offers that people see for Christmas gifts or maybe competitions where there are a good selection of prizes on offer. This would help to cut the cost of Christmas down too.

For example, I have been buying some bits and pieces from Ebay already for Christmas. I got a Fiorelli gift set for my sister for only £11 including p&p and it costs £25 in the shops! I also got a DVD boxset for my mum for £8 when it costs around £18 in the shops (saving on postage as the seller lives in Portsmouth!).

Anyway, getting off topic now!!

I will kick the challenge off with my 3 debts:

Barclaycard - I tried to clear this with my previous challenge but thanks to some kid with no road sense I won't be able to clear it on that challenge so I am having to bring it over to this one!! The challenge is still going on and I am hoping to bring the card down to £200 before the end but at the moment it stands at £240.

Capital One Credit Card - There is £1,000 on this card and I have been trying to get rid of the horrible thing for ages!!

LloydsTSB Loan - This currently stands at £1,200 but if I can clear it then I will be freeing up £135 a month .

I will mainly be relying on my money from AQA (will really have to work my socks off on that from now on!), mystery shopping, winning prizes and selling on Ebay.

So, let the challenge commence. If you would like to join in then please declare what 3 debts you are going to clear.

Good luck :j

Emily x

(Sorry for mentioning Christmas so many times in August!!)

howskint?

I've been lurking for ages but really need a challenge to get me back on track. Have just come back from holiday where my lightbulb had a little flicker! But it's well and truely back on now!

My three smallest debts are:
Next: approx 100 pounds
Barclay card: approx 2000 pounds
LTSB visa: approx 800 pounds (sorry pound sign doesn't work)

I will hunt out the exact figures this evening when the kids have gone to bed. It would be fab to get these paid off by Xmas leaving me with just one rather large card to pay.

Good luck:beer:
howskint?

ehallett

howskint? wrote: »

I've been lurking for ages but really need a challenge to get me back on track. Have just come back from holiday where my lightbulb had a little flicker! But it's well and truely back on now!

My three smallest debts are:
Next: approx 100 pounds
Barclay card: approx 2000 pounds
LTSB visa: approx 800 pounds (sorry pound sign doesn't work)

I will hunt out the exact figures this evening when the kids have gone to bed. It would be fab to get these paid off by Xmas leaving me with just one rather large card to pay.

Good luck:beer:
howskint?

Welcome - good luck

mrsspendalot

Ok I'm up for this. I don't normally do the challenges, but I think it could be just the kick I need.

Right my 3 debts are:

1. clear hubby's capital one card, balance approx £550 (waiting for statement)
2. pay back my nanna £700 (I promised to pay her back by Xmas as have owed for 4 years!! :eek: )
3. clear old DSS overpayment £340

ehallett

mrsspendalot wrote: »

Ok I'm up for this. I don't normally do the challenges, but I think it could be just the kick I need.

Right my 3 debts are:

1. clear hubby's capital one card, balance approx £550 (waiting for statement)
2. pay back my nanna £700 (I promised to pay her back by Xmas as have owed for 4 years!! :eek: )
3. clear old DSS overpayment £340

Thanks for joining in and good luck :j

penguin83

Yeay new challenge:j

Ok my 3 are

Dorothy Perkins - £296.50 (interest 29.9%)

G E Capital (loan) - £299.00 (26.9%)

Comet - £382.67 (24.9%)

Total - £978.17

I will also continue chipping away at my Capital One card if I can balance currently £632.19.

Time to get saving again! x

ehallett

penguin83 wrote: »

Yeay new challenge:j

Ok my 3 are

Dorothy Perkins - £296.50 (interest 29.9%)

G E Capital (loan) - £299.00 (26.9%)

Comet - £382.67 (24.9%)

Total - £978.17

I will also continue chipping away at my Capital One card if I can balance currently £632.19.

Time to get saving again! x

Welcome - good luck on clearing those debts.

baxgttdi

Hey, I'd like to join this too if that's ok. My 3 are...

Bank OD - 1000
Pay 1300off my car loan (can't clear cos it's like 10k heh)
Save 300 ready for a bill coming in Febuary

=£2600 total

vanilla

Ok i've never done a challenge before so here are my 3.
Capital one =£300
Aqua =£480
Simply be =£457.95
Total =£1237.95:eek:

evab_2

Hi I'd like to join in as I have 3 very annoying debts:

1. Electricity bill - £332.47

2. Gas bill - £186. 60

3. Overdraft - currently -£411 (this one is most annoying as I never seem to get rid of it, new plan of action required).

Thanks Eva

jammydodga

Hi

Can I join in?

I have the following that i would love to clear:
OD 1 - £100
OD 2 - £150
2008 Holiday - £700 eek!!

Total - £950