Pay ALL your debt off by Xmas 2019

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  • BigDreams
    BigDreams Posts: 43 Forumite
    Debt-free and Proud!
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    Huge congratulations to everyone who made a dent in their debts or smashed their targets.
    I'm very embarrassed to say that Mr BigDreams and I will have to sign up for next year's challenge. As no. 110 I managed to dump over £7000 in debt earlier this year.
    Unfortunately one of our cars gave up the ghost in summer so back in debt again as it happened before we'd managed to build up some savings. Currently owe £6960 to parents which we aim to clear by next christmas.
    Feel so stupid being in debt again and it put me off coming back to cheer people on as I didn't want to admit I was no longer debt free (those 4 months of actually being debt were great though) so let's do it all again x
    Debt 0/6960 Dec 19
  • st182
    st182 Posts: 153 Forumite
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    Hi All,

    Well done and thank you- the help here really spurred me on this year, and I couldn't have hit my target so efficiently without all the encouragement on this thread- i truly mean that :beer:

    Although my personal circumstances and therefore financial priorities have somewhat altered this last quarter of 2019, I still have the desire to be everything but mortgage debt free by the end of 2020- so my target will be whatever I have outstanding at the start of the year! I will more than likely need a new car soon so I think that it may be a bumpy ride, and go backwards a bit at some point. :eek:

    So, a bit nervous but I'll take it on, and hope that with everyones help i'll give it my best shot- and succeed. See you all in the 2020 thread people, happy holidays :A
  • muppets
    muppets Posts: 1,476 Forumite
    Name Dropper First Post First Anniversary Debt-free and Proud!
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    The Pay ALL your debt off by Xmas 2020 thread is now open to sign up



    https://forums.moneysavingexpert.com/showthread.php?p=76598857


    If you would like to keep your same number from this year you have until 10th Jan to say.



    New member will get their numbers after 10th Jan.
    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 😲
  • Steameh
    Steameh Posts: 369 Forumite
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    Decembers payments made today... £463.73

    Brings my total to #134 - £7,992.50 / £15,985.00

    Finishing the year at 50% paid off. Bring on 2020!!! Well done everyone! Happy Christmas and New Year.
    EMERGENCY FUND CHALLENGE - £2,292.05 / £6000

    DEBT FREE DATE - 16/02/2021
    Pay Debt by Xmas 2021 - No.134 - £2,871.64 / £2,871.64 - 100% Paid
    Pay Debt by Xmas 2020 - No.134 - Target: £7,985 / Achieved: £5,113.36
    Pay Debt by Xmas 2019 - No.134 - Target: £15,985.00 / Achieved: £8,000
  • Blackberrycurved
    Blackberrycurved Posts: 402 Forumite
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    It’s been a difficult year money wise and I’ve been trying to keep my head above water so actually pleased I’ve paid off 30% next year will be my 3rd year on this thread and I will do it. I did it before but I had no contingency fund for things breaking so any ideas on how to try to build up that greatly appreciated. If I can get a proper job I may even do this sooner. You are all doing brilliantly. I’d like the same number for next year if this is running again. Have a great holiday see you all on the other side xxxx
    DF by 2023 No 17 £1,644 /£6000 Total debt £18,000 at the start of DFW Journey. 201814TH JULY 2021 DEBT FREE now in control365 1p challenge No 49
  • Willowtree222
    Willowtree222 Posts: 7,696 Forumite
    Photogenic Name Dropper First Anniversary First Post
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    #071 has paid of 10k of 10k 100% whoop whoop!!
    September 2017 Debt = £25330

    Starting afresh.

    You can do anything if you put your mind to it. x
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    First Anniversary First Post Debt-free and Proud!
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    Nicnak wrote: »
    #071 has paid of 10k of 10k 100% whoop whoop!!

    :j:j

    Well done on meeting your target, Nicnak. :T:T
  • Willowtree222
    Willowtree222 Posts: 7,696 Forumite
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    bestlifenow wrote: »
    :j:j

    Well done on meeting your target, Nicnak. :T:T
    Thank you xxx
    September 2017 Debt = £25330

    Starting afresh.

    You can do anything if you put your mind to it. x
  • AliceBanned
    AliceBanned Posts: 3,048 Forumite
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    Next year will be my debt free year - final target. I thought it was going to be this year but I was over-ambitious. Now that I know I'm going to make it next year I am more relaxed and realistic.


    My update includes my latest payments and I will start again on next year's thread.


    #163 repaid £4,456 (final total for the year) /£10,607.38.


    Thanks everyone and good luck!
  • Steameh
    Steameh Posts: 369 Forumite
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    AliceBanned wrote: »
    Next year will be my debt free year - final target. I thought it was going to be this year but I was over-ambitious. Now that I know I'm going to make it next year I am more relaxed and realistic

    Better to be over-ambitious and fall short. We were the same, we just massively underestimated how much running a family of 5 and having a newborn would cost on a month to month basis, plus the extra nursery day we hadn't planned.

    We can see the light at the end of the tunnel though and next year is massive for us. We too are feeling more relaxed about it. Still planning on smashing the remaining debt by August / September time though.
    EMERGENCY FUND CHALLENGE - £2,292.05 / £6000

    DEBT FREE DATE - 16/02/2021
    Pay Debt by Xmas 2021 - No.134 - £2,871.64 / £2,871.64 - 100% Paid
    Pay Debt by Xmas 2020 - No.134 - Target: £7,985 / Achieved: £5,113.36
    Pay Debt by Xmas 2019 - No.134 - Target: £15,985.00 / Achieved: £8,000
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