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Pay ALL your debt off by Xmas 2020

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Comments

  •  That’s such a good thing to do TT. My smallest is £1200 so not an option 
    Total debt £18,000 at the start of DFW Journey. 2018 14TH JULY 2021 DEBT FREE / 2026 trying to stay debt free
  • TrushTush
    TrushTush Posts: 218 Forumite
    Sixth Anniversary 100 Posts Photogenic Energy Saving Champion
     That’s such a good thing to do TT. My smallest is £1200 so not an option 
    Thank you! I will say, it started off around that amount, I divided the remaining interest free period into equal blocks and whittled it down bit by bit, I had 2 months left but thought 'sod it' and cleared it.I needed the boost of achieving something I think, daft really as we're all achieving something everytime we make a payment :lol:
    Means next month I can put that amount to the next smallest (which is unfortunately the £2500 ish CC balance :confounded:
    No Spend Days 2020 Jul 24 / 28 Jun 20/25 May 22/25 Apr 20/25 Mar 16/25 Feb 20/20 Jan 20/15
    Clear all Debt in 2020 #97 WE DID IT!! DFD June2020
  • abba1772
    abba1772 Posts: 7,746 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Car Insurance Carver!
    morning

    Sent £315.25 towards hubbys barclaycard

    brings my total to £4009.79 / £10000
    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
  • Done the beginning of the month money shuffle, struggling to remember how to make text a different colour but total below.
    # 68  £587.29 paid off so that takes me to £2,319.87/£12,943.39 17.9%
    Debt free on the 28/05/13
  • st182
    st182 Posts: 164 Forumite
    Sixth Anniversary 100 Posts Photogenic
    edited 2 March 2020 at 5:41PM
    DD gone out, another £100 bites the dust:

    #175 = £3100 / £6700

    Top effort everyone, keep it up  B)
    Pay Off Debts by Xmas 2025 debt £0/7400
  • Skinnylatte
    Skinnylatte Posts: 1,244 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud! Home Insurance Hacker!

    #005 skinnylatte  £6627/£3394 = 39%  :D 

    Well done everyone :)
    Pay off Car Loan £17,047 £10580 by Christmas 2022

    Mortgage 1 @ 23/03/2019 [STRIKE]£101297[/STRIKE]
    £84457 16.6% DI [STRIKE]£6.95[/STRIKE] £6.15
    Mortgage 2 @ 12/04/2015 [STRIKE]£136121[/STRIKE]
    £100,546 26.1
    % DI [STRIKE]£9.13[/STRIKE] £6.07
    1st LBM 02/06/2013 £[STRIKE]21595[/STRIKE] Debt Free Day 27/03/2015

  • crazy_cat_lady
    crazy_cat_lady Posts: 7,063 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 2 March 2020 at 8:39PM
    Lots of little PAD's today, totalling £142.50 - like the beginning of the month when I have the funds available for that.
    So my new total is... £2669.23

  • TrushTush
    TrushTush Posts: 218 Forumite
    Sixth Anniversary 100 Posts Photogenic Energy Saving Champion
    Feeling very motivated!
    * cleared the Very account on the 1st  [£309.99]
    * made a payment towards my daughter's school trip total [£129]
    * made a small payment to Barclaycard to make it a round total [£38.15]  (still has its direct debit of £150 to come out later this month)
    * made a small payment to the Sainsbury's credit card to make it a round total [£37.49] (still has its direct debit of £150 to come out later this month)

    Because the 2 credit cards are now round totals, I worked out how much I would need to pay a month on each to have them cleared by Christmas... I discovered that the way we're going at the moment, we can actually just about do it, so I changed the direct debits.
    A slightly risky move but now I HAVE to do it. Obviously I can amend them if I've pushed too hard, but I'm determined. It's a ridiculous amount of money a month to put towards credit card debt, and that is what is motivating me. 
    I could be putting an extra £500/600 a MONTH into savings / onto the mortgage!! Frustrating that we let it get to this, but I'm so grateful to this challenge because otherwise I would have let them sit until their interest free period ended and then transfered them on as we always do. 
    :heart:
    No Spend Days 2020 Jul 24 / 28 Jun 20/25 May 22/25 Apr 20/25 Mar 16/25 Feb 20/20 Jan 20/15
    Clear all Debt in 2020 #97 WE DID IT!! DFD June2020
  • abba1772
    abba1772 Posts: 7,746 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Car Insurance Carver!
    morning

    Sent £4.46 towards the hubbys card

    brings my total to £4014.25 / £10000
    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
  • abkb
    abkb Posts: 17 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    Number 11

    £2894.48/£13394.48


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