Pay ALL your debt off by Xmas 2017

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  • muppets
    muppets Posts: 1,476
    Name Dropper First Post First Anniversary Debt-free and Proud!
    Forumite
    Here are Jemma's tips from the original 2012 thread:

    Hints, tips and information to newbies!

    Here is a list of things that should be useful to both newbies and us relative oldies alike:

    1) Understanding the lingo! Here is a link to the DFW Dictionary which will explain what things like NSD's and VSP mean. http://forums.moneysavingexpert.com/showthread.php?t=672601

    2) Subscribing to a thread - This is a shortcut to any thread that you want to keep going back to. e.g. if you've joined a challenge and you want to keep going back to it quickly so you don't have to constantly search the forum each time then you can go to your list of subscribed threads and immediately go to that thread. To do this then just go on the thread you want (such as this one), on any page of the thread go to "Thread Tools" which is in the green band just below the page numbers on the right hand side. Then click "Subscribe to Thread". There are 2 boxes with i) a drop down menu for Notifications by email (which you can change later if you want - this just allows you to set up your subscription so that whenever someone posts onto that thread then you can be sent an email or not) and ii) a box telling you the number of subscriptions in your folder (I just ignore this to be honest). Click "Add Subscription" and it will put this thread in a list of subscribed threads. To see your list of subscribed threads then just click on "Quick Links" which is in the first green band, on the left hand side above the page numbers. Click on "Subscribed Threads" and your list will appear. If you want to unsubscribe then, from your subscribed list, just tick the box on the right hand side of the thread name and at the bottom there is a drop down menu called Selected Threads with Move to folder... as the default. Just click on the down arrow to chose whether you want to unsubscribe or change your email notification status etc.

    3) Create a signature - A signature is a powerful tool (at least I think it is!) where you can put your debts, a witty proverb, your challenge member numbers etc. I find it really useful to update mine so you can see very easily how well you are doing with either debt busting or saving or on a challenge. It also helps people running any challenges if you put your challenge number in your signature. To create a signature then click on "Quick Links" in the green band above the page numbers on the right hand side and click on "Edit Signature". Here you can change colours, fonts, insert smileys etc.

    4) Changing the font size/colour or adding smileys to a post - When posting on a thread, it is really helpful if you can make your text large and in a different colour when updating totals so that it is easy for the people who manage the challenges to spot them to help them when updating their lists. To do this then click on "Post Reply" or "Quick Reply" and then click on "Go Advanced".

    5) Snowballing - http://www.whatsthecost.com/snowball.aspx. If you have multiple debts i.e. several credit cards/loans then it can be difficult to know in which order to pay them off. This snowball calculator is really useful in helping you decide and also can tell you the shocking amount of interest you are paying each month! One word of caution though, I think this is a brilliant tool however, it can scare people in how long it tells you that all your debt will be gone and sometimes that can lead to people giving up and losing all their enthusiam. Yes it is great to know your DFD but I try to think of myself as in competition with the snowball calculator. The rule of thumb on the forum is that you should pay off your highest interest debt first although some people prefer to get rid of their debts from the lowest amount first as it can give a great psychological boost to get rid of a debt no matter how small.
    PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉

    MFiT-T5 #36
    3-6 mth EF #5
    €2,445 / 11,100
    Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲
  • muppets
    muppets Posts: 1,476
    Name Dropper First Post First Anniversary Debt-free and Proud!
    Forumite
    edited 20 December 2016 at 3:42PM
    :xmastree:The Thread is now open:xmastree:

    Last years members I will try to keep your same numbers unless you would like a new number.
    PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉

    MFiT-T5 #36
    3-6 mth EF #5
    €2,445 / 11,100
    Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲
  • Evening,

    Can I please join? I will set myself a target of £3729.05 which will pay off one my credit cards, leaving me with three more to tackle in subsequent years!
    VSPC 2019 #10 - £168.80/£100 VSPC 2020 #4 - £262.03/£200 VSPC 2021 #9 - £242.88/£200 VSPC 2022 #3 - £188.03/£200 VSPC 2023 #7 - £0/£200
  • muppets wrote: »
    :xmastree:The Thread is now open:xmastree:

    :j:j:j

    Yipeeee. Please can I keep my same number Muppets I am #2

    Will think about my target in a minute
    X
    SP 9#531=£620/SP 10 # 531=?PDBX 2016 #2 = £16,766.67/£12,000
    PDBX 2017 #2 = £1,200/£12,000


    ''If you want the rainbow, you gotta put up with the rain''
  • muppets
    muppets Posts: 1,476
    Name Dropper First Post First Anniversary Debt-free and Proud!
    Forumite
    Im new to all this. Sounds just up my street. How can I learn more please
    I have inboxed you. x
    PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉

    MFiT-T5 #36
    3-6 mth EF #5
    €2,445 / 11,100
    Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲
  • 12_month_challenge
    12_month_challenge Posts: 2,419
    Chutzpah Haggler Car Insurance Carver! Rampant Recycler
    Forumite
    edited 13 December 2016 at 8:55PM
    :wave:

    Hi Muppets and everyone and welcome all new joiners.
    Thank you for running this thread again :A

    My target for me this year will be #2 target of £12,000 again. :eek: This will be made up of CC payments, loan payments and any other overpayments I am able to make.

    Here goes another 12 month challenge for me. :o

    Good luck all and me

    x
    SP 9#531=£620/SP 10 # 531=?PDBX 2016 #2 = £16,766.67/£12,000
    PDBX 2017 #2 = £1,200/£12,000


    ''If you want the rainbow, you gotta put up with the rain''
  • getmyacttogether2016
    getmyacttogether2016 Posts: 276
    First Anniversary First Post Photogenic
    Forumite
    edited 14 December 2016 at 10:05AM
    Hi Muppets

    I would like to join again for 2017 and keep my number, #33

    This will be to pay off my car loan, 2253.59. Hoping to do this but have just taken on another mortgage which is over double my previous. :eek:

    GMAT
    Lost my way for far too long but now back on board to lead a more simplistic lifestyle

    Mar PP - UU 24 (£279.46), TA 2 (£ 13.99) IN 12 (£89.81)
    Apr PP - UU 27 (£324.94), TA 3 (£38.50) IN 53 (£216.65), GA 6 (£40.97)
    May PP - UU 0 (0.00), TA 0 (0.00), IN 0 (0.00), GA 0 (0.00)
  • I'm in. I'll work out my totals over the holidays, or what I'm going to aim for :think:
    SPCNo.17 #20 (16 £678; 15 £1120.92; 14 £416.53; 13 £191.52; 12 £260.48; 11 £480.95; 10 £682.31; 9 £442.64)
  • muppets
    muppets Posts: 1,476
    Name Dropper First Post First Anniversary Debt-free and Proud!
    Forumite
    Evening,

    Can I please join? I will set myself a target of £3729.05 which will pay off one my credit cards, leaving me with three more to tackle in subsequent years!
    :wave:

    Hi Muppets and everyone and welcome all new joiners.
    Thank you for running this thread again :A

    My target for me this year will be #2 target of £12,000 again. :eek: This will be made up of CC payments, loan payments and any other overpayments I am able to make.

    Here goes another 12 month challenge for me. :o

    Good luck all and me

    x
    Hi Muppets

    I would like to join again for 2017 and keep my number, #33

    This will be to pay off my car loan, exact figure unknown but around the £2100.00 mark.

    GMAT
    Welcome to the 2017 thread.
    swimminginaseaofdebt I have kept your number the same 150, if you would like a new number let me know and i'll see what I can do in a few days.xx

    12 month challenge Number 2 it is again for you. xx

    getmyacttogether2016
    Number 33 for you again. xx
    PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉

    MFiT-T5 #36
    3-6 mth EF #5
    €2,445 / 11,100
    Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲
  • muppets
    muppets Posts: 1,476
    Name Dropper First Post First Anniversary Debt-free and Proud!
    Forumite
    MrsShazbat wrote: »
    I'm in. I'll work out my totals over the holidays, or what I'm going to aim for :think:
    Welcome MrsShazbat, good to see you here. No rush with the totals, whenever you are ready. I have kept you number at 71. xx
    PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉

    MFiT-T5 #36
    3-6 mth EF #5
    €2,445 / 11,100
    Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲
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