Pay off £8000 in a year challenge...

RiaAnn

Well just made June payments and we are over half way at the half way point :T

Major money saving since last post:
Switched from AA to Autoaid: Saved £90 (and better cover!)
Shopped around for Car insurance cover, phoned back current supplier: saved £82
Recieved my six free bottles of wine for opening a FD credit card: saved £30?


Also had offer from LTSB on PPI reclaim but not all we are after so still pursuring that . . .

RiaAnn

Just updated my signature and realised we are now under the 10K mark! :j :j :j

In_Search_Of_Me

fab news riaann! I will do my sums tomorrow & update then! Am a bit behind because I had MOT etc and because I pay max on cc's it means I pay with CC IYKWIM! Thankfully alot is on 0% & the rest on low LOB!

In_Search_Of_Me

Well done EAMD!! Fab!
Just done my sums & havent managed to put such a big dent in this month due to going over & effectively paying o/d & cc back IYKWIM! Will hopefully catch up next month as plan to have a cheap month this month! No major socialising planned lol!
Its gonna be tight getting to he target but I shall carry on trying! Hows everyone else doing?

doodledo_2

Well done :T some fab totals already.

I am just updating my figures at the mo so hoping I am somewhere near half way.:cool:

doodledo_2

Whoooooooooo have just updated my sig and I am over halfway so on target shockingly :j

smithywilko

Just wanted to touch base, things going swimmingly for us at the moment. Getting bills paid off that require big payments each month which is freeing up £100s for other bills so that is great. Really starting to make a difference on the spreadsheet! Hope everyone else is still on target.

In_Search_Of_Me

Great news! Suspect I will have a final push at the end of the year & debating doing a sale of body stuff near Christmas if I can get organised...Plus theres the rasp vodka etc that could make some dosh...

embarrassed_about_my_debt

Getting a little confused now as to how i should be calculating this. Is it an £8k reduction in debt or £8k of payments in the year IYSWIM?

If it is payments in the year then it is around £7k!

If it is debt reduction in year then it is £5,120.67 so quite a bit of difference between the 2!

In_Search_Of_Me

I work my totals out every month based on the debt - ie the amount of debt vs the prev month IYKWIM - that way interest etc is all in IYKWIM! Atthe end of the day figure paying off as much as I can as soon as I can without going spare is the wayto go! Just found out I may be eligible for tax rebate!! Lots of forms to fill in first (of course!!) but hey it will hopefully be worth it!