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Pay ALL your debt off by Xmas 2018

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Comments

  • Willowtree222
    Willowtree222 Posts: 8,350 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 10 March 2018 at 8:27PM
    #71 with another £276! X

    £2106/10,000so far!
    September 2017 Debt = £25330

    Starting afresh.

    You can do anything if you put your mind to it. x
  • a_silver_lining
    a_silver_lining Posts: 535 Forumite
    Part of the Furniture 500 Posts Combo Breaker Debt-free and Proud!
    Have now taken my 2.7k savings and earmarked it for difference places. My £1250 in my regular saver is now for debt repayment, so!

    £4150 / 10k - 41.5%

    I have another £250 going into the saver just before payday and then £100 just after pay day, so by the end of this month will be at 45% :D gotta keep chugging at it!
    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 £6489.88 / £19261 (33.69%)

    After a_silver_lining posting, I don't know whether to withdraw £1000 of my £2000 savings and use that for debt repayment... does make sense I guess...
  • a_silver_lining
    a_silver_lining Posts: 535 Forumite
    Part of the Furniture 500 Posts Combo Breaker Debt-free and Proud!
    edited 11 March 2018 at 10:55AM
    sunshine81 wrote: »
    #145 £6489.88 / £19261 (33.69%)

    After a_silver_lining posting, I don't know whether to withdraw £1000 of my £2000 savings and use that for debt repayment... does make sense I guess...

    If it helps sunshine81, the £1250 I took off the debt is in a regular saver and still being paid into each month and doesn't mature until August. Technically it is not yet paid off the debt but earmarked for it.

    I have an old boiler and an old cat and I know realistically I need a bigger emergency fund before I pay the lump off, probably 3k. So this account gives me a possibility of dipping in. I also have actual savings (the 600 and 795 in my other saving places, which will not be used for the debt)

    The reason I have now put the £1250 in the paid debt calculations is that I was getting excited about how much I have saved and I need to stop thinking of it as my money.

    I hope that helps x
    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!
  • Chappie77
    Chappie77 Posts: 191 Forumite
    Ninth Anniversary 100 Posts Photogenic Combo Breaker
    Afternoon!

    #67 - £246.33 paid off this week = £1222.65/£7268.47

    Chappie x
    PAD - Barclayloan - £3078.32/£3758.32

    January 2022 Grocery Challenge - £600

    Saving for Christmas 2022 - #33 - £1 a day Challenge - £10/£365

    Virtual Sealed Pot Challenge 2022 - £8.55/£500
  • abba1772
    abba1772 Posts: 7,746 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Car Insurance Carver!
    Morning :hello:

    £8.10 sent towards the Halifax brings my total to £2732.42 / £6000
    NEXT TARGET: Halifax credit card DEC 22 £0 / £4499.12
    POAMAYC 2011 £6378.35 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90 POAMAYC 2017 £7278.80 POAMAYC 2018 £13208.18POAMAYC 2019 £13309.28 POAMAYC 2020 £15026.05
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    Morning,

    Paid off some bits and bobs off the Cap One card this morning.

    #41 £3500.84/£7000.00
  • onedaysomeday
    onedaysomeday Posts: 561 Forumite
    Car Insurance Carver! Uniform Washer PPI Party Pooper
    Morning all!

    #79 checking in

    £856/£4674 paid :j
    Just trying to make up for past mistakes and work towards the future I want :hello:
  • Rosie75
    Rosie75 Posts: 609 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    £75.00 paid to Sainsbury's card.

    #088 £1566 / £7440
    3-6 Month Emergency Fund #14: £9000 / £10,000
  • Whatshername
    Whatshername Posts: 112 Forumite
    Another item sold for £5 so straight off the credit card

    #064 £233.73/£5000
    #030 Sealed Pot 2019 Challenge - Declare 31st Oct
    #064 Pay debts by Xmas 2019 Challenge - £3390/ £3390 :money:
    #015 £2 savers club 2019 - target £200
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