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Pay ALL your debt off by Xmas 2020
Comments
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PS welcome back muppets- can’t believe I forgot to say that earlierPay Off Debts by Xmas 2025 debt £0/74003
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#129 Paid another £100 off Cc. Now £10984/£12084
Thanks Muppets x4 -
Hi Gang, #137 here! I literally love payday for the sole reason of paying off debt. Here’s me: £300 payment made on NatWest loan - now paid off🥳 £25 towards SSE debt and paid off my overdraft of £1,170!!🥳 This is huge for me as I’ve had this overdraft since uni which was 2011!Paid off: £25,702.61 // £27,860.14£2,157.53 to go!!Keep up the good work everyone!XD e b t F r e e D a t e: 24th July 2020
P a y A l l Y o u r D e b t O f f B y X m a s 2 0 2 0 (no.137): TOTAL DEBT PAID: £27,860.14
E m e r g e n c y F u n d: £610 // £6,000
F i r s t H o m e F u n d: £2,500 // £40,000
C r e d i t C a r d D e b t: £1,950 PAID OFF6 -
Afternoon Muppets and Everybody,
#030 here
All cards are on 0% and would like to clear them all by Xmas (CC2 is the one that may go beyond this)
CC1 £2780 My Tesco CC
CC2 £1745 DH Virgin CC (made an OP today for this month £100 plus come ebay monies)
CC3 £856 DH Tesco CC
Total Remaining £5381/10,033.44
Cannot believe we are half way through this very odd year!
Hope everyone is keeping well and enjoying the sunshine (I'm sat working with the patio doors open, which is nice).
Chin up!
Bizzy
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Hi guys,So glad to have muppets back and it's great to see our running totals and updates! Payday today for me and I did some overtime in May plus I sold a little bit of my annual leave (work offered it due to Covid) so I've decided to basically pay off my Halifax CC. I've literally left the amount of this month's direct debit on there so that will collect in July and it will be cleared! Although I do still have some big bills coming up in the next couple of months which will have to go on there (0% on purchases so don't worry) but I will add it to my total goal to get rid of in the end. So this month I managed to off £2727.11! That means my running total is:
#4 - £6390.38/£6000 = 106.5%
As I've reached my first target of £6000 (just thought it was attainable), I'll go back to my original target of £7200 now. Hopefully I'll reach that next month and I'll be able to make a new target as my total amount I want to clear is currently £10307 but like I say, that will go up when I get these extra bills. Keep going guys - halfway through the year now!
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2 more DDs taken out today so my new total is
No 70. - £4500.44/£10,000 45%
I will be using some of my furlough savings to clear part of a card that’s about to go interest bearing either today or tomorrow so will have a further £1869 to add to the totalSave £10,500 - £2673.77 - 25.5%
Pay off £7000 - £1743 - 19.4%
Make £2021 extra income - £99.753 -
Paid £1839 off the Ll0yds CC today, as the deal is about to expire, with money saved during furlough as I am back to work on Wednesday
There is another £1030 on this card which we will now focus on to clear by November
No 70 £6339.44/£10,000 63.4%
Save £10,500 - £2673.77 - 25.5%
Pay off £7000 - £1743 - 19.4%
Make £2021 extra income - £99.753 -
I don't have a number, but would love to join if possible? I have £1100 remaining on a 0% credit card and then I'll be debt free! The 0% period was a decent three years, but this runs out in December, so I want the debt cleared before then, and will be snowballing everything at it!
Remaining: 1100
Target: 0
#46 3 to 6 month Emergency Fund Challenge: £585 to go4 -
I'd like to join this club
Just 2 pieces of debt to clear (excluding mortgage)
My car balloon payment £12,000 (due March 2022)
OH car balloon payment £12,500 (due October 2021)
Total debt to clear in 2020 £24,500
We managed to pay off all of the monthly payments already (saving thousands in interest) leaving just the final balloon.
Unfortunately they don't allow you to pay these down bit at a time so instead we are saving and will pay them off when the savings balance equals owed.
So far £13,500 / £24,5003 -
I hope everyone is ok! This challenge is really keeping me motivated. I managed to earn an extra £100 this month which went straight onto the loan payments which feels so good. It's not much but its a start and at least it didn't go on something useless.
#59
£3905 / £9535
£11,000 / £11,000 Overall Debt Paid
2020 Debt Paid: £9535 / £9535
Extra income earned 2020: £17006
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