Pay off £20,000 (ish) by Xmas 2008

hopeless_case_2

hi polly i am just like you one minute i am going to break eggs with sticks and the next can see no way out. I do spend too much time on here reading and not enough time doing so going to limit myself to time on the computer faffing around and give more time to sorting my finances and making more money.

madmich666

Hi all keep up the good work!!!
Ive had the interest from Lloyds which was £143 so that has been transferred to my bill paying account. And I should get the rest (£370) soon. But Ive had to order some new blinds (£30 for 3) for my flat as everytime I have a bath or shower you can see through the window and dont want to be arrested for indecent exposure!!! And still waiting for money to come through from bingo!!!

andan

Not much to report from me, am just getting slightly frustrated as i know i've made money for this challenge, but am just waiting for it to come through and some of the money i am waiting on is a real hassle to try and get hold of. Really want to update my sig but will just have to be patient. It's funny really, in my job with children i have to be incredibly patient, which doesn't bother me one bit, but when it comes to wanting to update my total, i'm as bad as the children!

lauradora

Morning all!

We all sem to have slowed down a bit. After my rip roaring success over the past fortnight I have gotten stuck as well.

so now i'm going to go for a long walk and decide what i'm going to do today. Keep it up everyone. were all doing well.

xxx Laura

Gemmzie

Got this going on a spreadsheet now and realised we've paid off more than we'd thought Updating sig now :j

debt_free_me

Hi

Can I join please. I have £10875 to pay, but I will be paying around £225 every month from April so I need to find around £8850.00 from means other than my wages. Would love to do this by the end of the year, not sure how I will but I have been given plenty of ideas thanks to people on here So far have about £80

debt_free_me

Oops, make that £8822.04, added it up wrong - a little less than I thought then

Amberamber80

Phew, after must discussion and note writing and doing our sums the OH and I plan to atleast be able to pay off all our CC debt/overdrafts/catalogue by the end of the year. That's about £10,000. Ekkk but this way it's do-able! Going to hold of on the loan until the following year as we realised it really expecting too much to pay it all off too in this timescale!

Looking forward to the end results!!!

Amber xxx

hopeless_case_2

Hi amber amber that is a good idea it is a bit like losing weight do it a little at a time and it you will get there in the end after all we still have a life to live in the meantime!

poorandindenial

Hi all

Amber that sounds completely sensible, if the target just is completely unrealistic then there is no point setting yourself up for disappointment. I think for me the principle of this challenge is great, set yourself a target that you will have to really work to achieve but that you will be able to get to by going for it.

I had set myself a repayment path of £15600 for this year (£1300 per month) which allowed me £700 to live off per month (which is quite bit I think in hindsight) and then I saw this challenge and thought what the hell, I may as well really go for it so it is still going to be hard work but I reckon I can do it if I really put my mind to it, if I get super good at this moneysaving thing (all rather new to me) then I might even go for reducing my debts by £20K rather than just paying £20k towards them, but lets not run before we can walk eh?? lol

On a bright note - I sold my first item on play.com today so that is £8ish that will be winging its way to me shortly. I probably could have sold the item for a bit more but I need to get some quick sells to get some feedback. Hurrah for flogging stuff.