Pay off £20,000 (ish) by Xmas 2008

Sanshing

Nothing new to report either. Did however get some free money from DH's grandad in coins which paid for weekly shop and for Christmas tree (fake, to last a few years of course) and decorations. Our last one went missing in our move or something like that! On top of that it was all half price so not bad going. Still enough cash left over for any extras that will come on Christmas day.

We've got loads coming over for Christmas lunch but everyone is bringing something so that's saving a shed load.

All helps since this is last month on smp. Back to work in Jan so can really put cash towards debts.

Hope you all had a lovely weekend.

lauradora

Right then I have done my rummaging and got the final figures for this challenge.

All figures as of tonight

Personal HSBC Loan £11752.72
Old business debt £1426.63
HSBC Overdraft £1500

So my challenge is;

:eek: Pay off £14679.35 by Christmas 2008:eek:

Now i've snowballed it and apparently as long as I pay off £1250 a month i'll MANAGE IT! :eek:

hey here goes, merry xmas everyone xxxx

FrankieM

Morning...well, evening for me...
How's everyone doing?
I've managed to tweak a few more things. I've had a credit put on my credit card and I've worked out how much money I'll have left once all mt DD's come out and child benefit goes in, so I've popped it in my savings pot and have updated my signature....I'm hoping it will feel this easy when I'm back in the UK...!

taxi73

Afternoon everyone..how are we all?
I'm on top of the world as I've just paid off £1159.20 to clear my barclaycard!!!!!....I'm so happy...so have just updated my sig..I'm now below £35k as well so am proud of myself...also applied for a 0% halifax card and have got that with £8200 limit...so good day for me...
Hope everyone else is having a good day...take care xxx

jpwhittle

wow well done your total is great for one week in. how are you doing it all?

Uniscots97

Is it too late to join up this challenge? I have other debt other than the cc showing in my sig but thats the debt I'm wokring my **** off to clear first.

Honeybee_2

I'm in too.

I'm going to go for £10K though as £20K is going to leave us with £4K to live on!

taxi73

Thanks jpwhittle...I'm just doing it by being really frugal and only spending what needs spending...and have really trimmed my bills down....and cut out everything I possibly can...I also used the money I had put away for my tax bill as it was less than I thought it was...I spent a lot less on christmas than I would/ve done previously..it's a combination of little things as they really do add up...it does help that my CC debts are interest free and my loans are pretty low rates as well about 6% I think...

lucy7509

Hope everyone is doing well with the challenge, I would like to clear the full amount just under £15K before next christmas.

We are having a boot sale, selling some stuff on Ebay, I have signed up to any and all cash back sites I can. Will be looking for a second job in the new year, along with moving to a cheaper let in the area.

With any luck we will achieve our goal.

If anyone knows any other hints, please keep posting!
Merry Christmas!

Lucy7509

taxi73

Good luck you will do it!!