3 debts in 6 months

penguin83

Hi everyone - I have been plodding along ok on the DFW wagon but things aren't moving as quick as they could be and Ive started sneaking the odd takeaway, mag, lunch at work etc soooo I have set myself a challenge :eek:

I have 3 annoying debts that I want to clear.

Comet - 153.43
Dorothy Perkins - 398.12
MBNA - 1850.00

Total - 2401.55

I have set myself 6 months to do it (which coincides with the dreaded 'C' word) and did a similar challenge last year which went really well.

Feel free to join in or give me some hints and tips along the way! x x x

tealady

Hi. I would try setting yourself a weekly shopping budget and if you come in under budget pay the remainder off the debt with the highest APR (as well as making regular payments to clear the debts).

beanielou

Hope it goes well.

boredofbeingathome

Hey i know you can do it, why not look at the £10 a day challenge, and use the extra for that.

penguin83

Thank you everyone

Tea - good idea thanks - my shopping budget is starting to creep back up again so will give that a go.

Thanks Beanie and Bob - Ive tried the £10.00 a day challenge but only half heartedly so will sign up for the July one - someone nag me to do that please!

Have a ridiculous amount of stuff that could go on ebay so will start to sort through all that - never sold anything on ebay before so wish me luck!

x x x

penguin83

Well - Ive made a start anyway! Have been working on our budget for the rest of the month and had around £50.00 spare so have paid that off my comet card. Slowly but surely! It means I have definately got to stick to my shopping budget but I have £65.00 to spend tomorrow and only 6 days till the end of the month and payday - yeay! xx

Comet - [strike]153.43[/strike] 103.43
Dorothy Perkins - 398.12
MBNA - 1850.00

Total - [strike]2401.55[/strike] 2351.55

lunar

just lost one reply to your thread....my internet is driving me mad.

I think your challenge is a really good one to keep motivated for those overpayments. I know you will make this target by christmas. Part of me is disapointed i dont have any smaller amounts to overpay left. it was always good to motivate me.

really glad to see your total under 40K while i have been off the board.

CHEAP_AS_CHIPS_4

good luck penguin

i'm sure you will do it now that you have put your mind to it.:D

its all those little one offs (i'm a sucker for a mag and the odd cheeky take away):D

percypenguin_2

Good Luck Penguin! Its good to have a specific date target too. :-) I'm sure you'll get to grips with the shopping budget quickly!

PP

poorandindenial

Good luck Penguin, I have every faith that you will do it, your first one is nearly gone (sort of) so soon there will only be 2!!!!

jpwhittle

oh can i join you please? im doing the 20k challenge so ill combine the two and help pay things of. sould give me some more determination. the ones i want to clear are only small at the moment but if i clar them ill add more to the challenge.
aim to clear
bt phone bill- £100 outstanding charges
comet-£150.28
ann summers-£36.78

would love to try and lear my natwest card in that as well if i can wich stands at £3242.76 so if its ok ill aim for 4 debts clear as 3 of mine are relativly small debts.

dont have anything extra to pay of at the moment but am aiming to start paying of more and more. just need things to start clearing.