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Pay ALL your debt off by Xmas 2018

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Comments

  • #29 checking in with £5,683.10 paid / £12,500
    LBM Aug 2017.
    Debt at LBM - £30,055
    Debt at highest - £43,148.59
    Current debt - £18,880.00
    EF - £1,000.00

    Challenges
    PAYDBX 2021 - #29 Pd £2,355 / £8,000 PAYDBX 2020 - Pd £6,459.00 | PAYDBX 2019 - Pd £16,945.60 | PAYDBX 2018 - Pd £15,010.60.
  • spudsmum
    spudsmum Posts: 584 Forumite
    Fifth Anniversary 500 Posts Name Dropper Combo Breaker
    #22 checking in with another £35 paid

    £708/£5000
    Total debts £21050! :eek: now £10941. 76. Total extra income made in Jan22 £109. 27 Feb 22 £45.25 Total extra income made in 2022 £154.52 Aiming for debt free at 45 - 41 months to go!
  • supersaver1000
    supersaver1000 Posts: 2,465 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    edited 13 May 2018 at 10:08PM
    #98 Checking in with my monthly update. Just been paid and have allocated another £500 to the debts this month:

    As my cards are on 0% I'm paying just over the minimum and the rest into savings in an interest paying account so a grand total of £2565 has bitten the dust.

    I've just corrected the totals as I'm confusing myself with what the balance on the cards is now and what it was. I have savings of £2300 which, with minimum payments made, leaves £5000 left to pay of an original £7565 = £2565 paid off.

    I also received the bank switch fee of £150 (I had included in the figures but wanted to report it) :)
    OSWL (start 13st) by 30Jun20 6/10
    £1/day Xmas'20-62 £214/£366 saved
    Grocery Challenge Jun £742/£320 spent
    Homeowner wannabe by July 2020 - WooHoo!!
    Starter Emergency Fund £1000/£1000 saved
  • sunshine81
    sunshine81 Posts: 1,485 Forumite
    Seventh Anniversary 1,000 Posts Combo Breaker
    #145 £7957.01 / £19261 (41.31%)
  • spudsmum
    spudsmum Posts: 584 Forumite
    Fifth Anniversary 500 Posts Name Dropper Combo Breaker
    #22 checking in again
    Another £22.50 paid so now £730.50/£5000
    Total debts £21050! :eek: now £10941. 76. Total extra income made in Jan22 £109. 27 Feb 22 £45.25 Total extra income made in 2022 £154.52 Aiming for debt free at 45 - 41 months to go!
  • #82. £3657.72/9547

    great big thanks to all
    Jan 2025 £26561.43/£0. I want to clear £9000 this year (2025)
  • E11ie
    E11ie Posts: 47 Forumite
    Hi, can I join please? Have recently graduated form Uni and have a total of £5633 over various credit cards and accounts, not including my overdraft as that is interest free for the next 2 years, and am gradually paying that off each month. All debts are on 0% apart from my AMEX card which is my main daily usage card and is paid of in full each month.

    I am now working and picking up overtime shifts when able to so am aiming to make a decent dent in the debt this year, however we are in the process of buying a house so need to be realistic with my target. I aim to pay off this amount over the next 2 years.

    Thaaaaaaaanks :-)
    Total debts £6471.03 / £6261 all currently on 0% interest
    Make £2018 in 2018 = £1010
    Focus on 1% challenge = £64.50
  • #81 checking in at 48.5%, 4.85k/10k

    My £250 regular saver doesn't come out until the end of the month due to direct debit timing, but comes out of the pay I just received, so this month I will officially hit 50% debt paid, actually 51%.

    I've calculated that at £350pm it will then be 14 paydays exactly if I continue paying at this rate. So DFD of June payday 2019. I will have savings at Christmas which would be more then my debt owed, but I think I will end up keeping it as my emergency fund and paying off the debt until June.
    19/12/14: Spent 10 years of savings!!
    :heart2: ..... to buy my first home. :heart2:
    11K OP 31.03.19

    Current goal: €151,000 deposit Ireland and counting, to buy Spring 2022 we hope!
  • sunshine81
    sunshine81 Posts: 1,485 Forumite
    Seventh Anniversary 1,000 Posts Combo Breaker
    #145 £7962.01 / £19261 (41.34%)
  • Mummy_bear
    Mummy_bear Posts: 604 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    End of month update from me

    #159

    £1196.84/£7500 = 15.96 %

    Had a very good month!
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £46444.23 :eek:
    £40773.61 /£46444.23 87.8% paid
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