Pay off £8000 in a year challenge...

ltm07

By the way it certainly will be heaven! Makes us more determined to smash our debts!! All the best!!

wannabemoneysavingstar

Hi Guys,

Like to join you to. Currently owe 10k on a halifax loan, having paid off £1804. Love to get rid of it by the end of the year, (not sure how realistic that is). As I have very little spare money at the end of the month but I am going to start ebaying unless anyone has got any other great ways to make money? ps I already work full time..

In_Search_Of_Me

welcome wannabemoneysaver! All welcome - even if you dont manage 8000 its still good to have a goal isnt it eh!
Well done Ltm thats fab! I'm doing o so far this month but now have a 140 insurance bill to pay so the extra I hoped to pay off cc will go for that instead but at least its cash rather than cc! Have done ok this month and feel like, at last, I'm getting the hang of spending less! Taken me long enogh mind yo! Also rediscovered reading which has been bliss!!

smithywilko

Think I might try and get back into reading again, ISOM, need some quiet me time which doesnt cost anything! Have just finished The Money Secret by Rob Parsons (saw it recommended by someone somewhere on the forum!) and read it in three days because I couldn't put it down... needed to know what the secret was!

embarrassed_about_my_debt

Hi All,

i've just passed the 50% mark

Have paid

Progress4152.13
Remainder3847.87

ltm07

Well done to you,that's a massive amount paid off! How have you managed all that?!!

In_Search_Of_Me

wow thats fab eamd!! Well done!
Smithy wilko can def recomend "A thousand splendid suns", "kite runner" (both Khaled Hosseini) which I have just finished. Both are very powerful...may be a wait in the library or asda are selling for £5 compared to the 11+ I paid!!

embarrassed_about_my_debt

cheers ltm and isom,

@ ltm - probably the easiest way is to read my DFW diary its callled the The secret dfw diary of eamd aged 13 and 3/4's , it tells you how i've managed it all.

Say hello if you pop in!

RiaAnn

wannabemoneysavingstar wrote: »

Hi Guys,

Like to join you to. Currently owe 10k on a halifax loan, having paid off £1804. Love to get rid of it by the end of the year, (not sure how realistic that is). As I have very little spare money at the end of the month but I am going to start ebaying unless anyone has got any other great ways to make money? ps I already work full time..

Welcome to the forums! I would start by working through Martin's money makeover (if you haven't already). Its suprising how lots of small savings add up. Switching credit cards, taking packed lunches to work, car sharing and switching utility providers have worked well for me.

emu1986

Hi everyone i know it's a little late in the year but i would like to be debt free too!! my partner and i currently owe 21610.00 across loans, overdrafts and cataloges, i never realised it was so much (agh!). i have so far managed to save about £200 per month just from switching gas, elec, buildings & contents insurance and i'm in the process of comparing and switching other things to, but this money is going mostly towards normal bills and getting me out of my overdraft! my target is to clear 12k in 12months. my minimum payments make up £8844 of that so i just need to find an extra £3156.