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Pay ALL your debt off by Xmas 2018

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  • Hi i would love to join if possible and i am looking to clear £9984.56 which i have already started to clear now i am hoping that i can cut this down pretty quickly and be debt free very soon :)

    Mortgage Amount Outstanding £116,682.20
    2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
  • kindofagilr
    kindofagilr Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts
    limars19 wrote: »
    hello, please may i join, having never done this before , how often do we log in with results ?

    my total amount needed is £7802


    thank you

    Hi I like to post once a month, once all my card/loan/mortgage statements are in showing the payments I've made that month, I then add them all up and post here with the total xx
    Debt £30,823.48/£44,856.56 ~ 06/02/21 - 31.28% Paid Off
    Mortgage (01/04/09 - 01/07/39)
    £79,515.99/£104,409.00 (as of 05/02/21) ~ 23.84% Paid Off

    Lloyds (M) - £1196.93/£1296.93 ~ Next - £2653.79/£2700.46 ~ Mobile - £296.70/£323.78
    HSBC (H) -£5079.08/£5281.12 ~ HSBC (M) - £4512.19/£4714.23
    Barclays (H) - £4427.32/£4629.36 ~ Barclays (M) - £4013.78/£4215.82
    Halifax (H) - £4930.04/£5132.12 ~ Halifax (M) - £3708.65/£3911.20

    Asda Savings - £0

    POAMAYC 2021 #87 £1290.07 ~ 2020/£3669.48 ~ 2019/£10,615.18 ~ 2018/£13,912.57 ~ 2017/£10,380.18 ~ 2016/£7454.80

    ~ Emergency Savings: £0

    My Debt Free Diary (Link)
  • FrankieM
    FrankieM Posts: 2,454 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi

    Can I please join for this year. Could you please put me down for £13,406.26 ?

    I'll update my signature once I've been given a number after Christmas.

    Looking forward to the encouragement a thread gives to get this paid off. :)
  • Hi Muppets, thanks for doing another challenge for next year!

    I was number 118 last year and I'd like a new target of £3500 please :)

    Want to really kick the debt ASAP as I want to start saving for our wedding from about June!
    Total debt at LBM = £4861.03

    DFBXmas2018 #91 - £3342 / £3500 (95.4%)

    HTB ISA - £0 withdrawn for house purchase! :D
    Wedding Fund £2550 / £5000
  • Can I join in. I started last year and list my motivation. My target will be £6000. Think I have more than enough motivation for this next year.
    If you dream it can you do it????????
  • Hi there!

    I'm a newbie, so I'm a bit confused by all the acronyms and the way this world works! BUT, I'd love to be involved.

    I have £7156 worth of debt across 2 credit cards (£1663 and £3992), an overdraft (£500), and a kind friend who paid a credit card off for me that was charging interest (£1000)

    Ideally, I'd love to pay off my debts and have some money saved for emergencies by the end of next year, to stop me from relying on my credit cards again.

    So, my overall target is £8000.... EEEEEEK :eek:

    Any help or advice at this stage would be SO appreciated!!! xx
  • Iheart
    Iheart Posts: 179 Forumite
    Part of the Furniture
    So the challenge is going to kick off soon. How are people planning on making extra cash to pay off debts?

    Mine will be
    - TCB
    - Receipt Hog
    - Overtime and extra hours at work when I can
    - Ebay sales.

    as well as doing a weekly/monthly/yearly budget.
  • please explain what is TCB and receipt hog
  • Flee_2
    Flee_2 Posts: 770 Forumite
    Hello can I join. I have quite a bit of debt that I want to clear by the end of the year and I have a plan in place.
    £29865 is the total that I will be clearing.
    Halifax CC £1029/£2490, Tesco CC [STRIKE]£0/£3203[/STRIKE], Tesco loan £15431/£15808, Carloan1 £6743/£8241, Carloan2[STRIKE] £0/£3813[/STRIKE]

    Pay all your debt off by Xmas 18 =22% £6661/£29865
  • Flee_2
    Flee_2 Posts: 770 Forumite
    limars19 wrote: »
    please explain what is TCB and receipt hog

    Taking care of business...

    Receipt hog is where you upload your receipts and get points for doing this based on what you spend and how much. I started in the middle of November and are over half way to getting £3 cashback or vouchers. It is an app for you phone and is really useful.
    Halifax CC £1029/£2490, Tesco CC [STRIKE]£0/£3203[/STRIKE], Tesco loan £15431/£15808, Carloan1 £6743/£8241, Carloan2[STRIKE] £0/£3813[/STRIKE]

    Pay all your debt off by Xmas 18 =22% £6661/£29865
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