Pay ALL your debt off by Xmas 2018

muppets · 7 April 2018 at 5:00PM

Determined_diva wrote: »

Hi all,

It is super hard for me to log everytime I make a payment so I am going to do it at the end of every month (or the 1st day of the next month as I am today) to give you my debt balance. Obviously this shall now include interest that has been added so I would have paid more, but debt is debt and with the interest is my true amount anyway.

I now owe £16,261.82 /£18,282.25 = 11%

DDx

Update when ever is best for you. Some find it easier to update every payment, other find it easier to update just once a month.

If possible can you put the total amount paid instead of whats owed as that's how the spreadsheet is set up, just takes it a bit longer for me otherwise. xx

muppets · 7 April 2018 at 5:09PM

limars19 wrote: »

no. 45 now owe 5389 am finding this really hard started at 7802 , sorry not good at working out percentages

If possible can you put the total amount paid instead of whats owed as that's how the spreadsheet is set up, just takes it a bit longer for me otherwise. I can work the % out for you. xx

muppets · 7 April 2018 at 5:21PM

The Front page is now updated :j

Blackberrycurved · 7 April 2018 at 6:21PM

NUMBER 17 checking in. I haven't for a while I was doing the Ostrich thing hide away and it'll go away of course it doesn't and one of my ccs has crept up to £1500 again but my daughter was walking around in rags and her shoes let in. And I needed a car so that set me back £850 but hopefully on track and I'm going to check in every week even if it is just to wave hi. Congrats Kirsty poo on your baby YAY.
So paid another £323 off debt. I've got to try to get rid of Halifax overdraft is anyone else struggle with this change to daily charges I used to pay about £30 for the overdraft now it's costing me nearer to £56 with the daily deductions. So I have to move the cc, move my bank account and pay off overdraft and get back on track, easy if you say it quick. I am doing a budget planner tonight, it won't be pretty.

Mummy_bear · 7 April 2018 at 6:35PM

HI,

I'd like to rejoin this challenge. Did it last year but from mid Nov to the beginning of April I had a forum break

I was #159 last year.

My challenge this year, from this month, is to pay off £7500

So far 261.22/£7500 = 3.48 %

spudsmum · 8 April 2018 at 12:47AM

Blackberrycurved wrote: »

NUMBER 17 checking in. I haven't for a while I was doing the Ostrich thing hide away and it'll go away of course it doesn't and one of my ccs has crept up to £1500 again but my daughter was walking around in rags and her shoes let in. And I needed a car so that set me back £850 but hopefully on track and I'm going to check in every week even if it is just to wave hi. Congrats Kirsty poo on your baby YAY.
So paid another £323 off debt. I've got to try to get rid of Halifax overdraft is anyone else struggle with this change to daily charges I used to pay about £30 for the overdraft now it's costing me nearer to £56 with the daily deductions. So I have to move the cc, move my bank account and pay off overdraft and get back on track, easy if you say it quick. I am doing a budget planner tonight, it won't be pretty.

Yes i'm with Halifax and I hate the daily OD charges - Its costing me quite a lot more and its much harder to work out and budget for. The people who probably need the overdrafts most are the people who'll pay the most in charges - Its incredibly hard to get out of the overdraft cycle as it is and this is just another way for the bank to make sure people stay in their overdrafts as long as possible.

Honeysucklelou2 · 8 April 2018 at 12:56AM

Made a payment of £15 to the credit card last week and made a payment of £50 to a family member so total payments of £65 bringing the total paid to:-

#93 £642/£8,000

Blackberrycurved · 8 April 2018 at 7:01AM

Spudsman I don't know how Halifax have got away with it. They haven't increased their charges but by applying it daily they are in fact almost doubling their charges. I'm struggling with it.

FrankieM · 8 April 2018 at 7:02AM

Morning

Thanks for updating the totals muppets.

I'm nearly at 25%, which means I'm pretty much on track so far for getting the debt paid off by Christmas.

muppets · 8 April 2018 at 7:24AM

Mummy_bear wrote: »

HI,

I'd like to rejoin this challenge. Did it last year but from mid Nov to the beginning of April I had a forum break

I was #159 last year.

My challenge this year, from this month, is to pay off £7500

So far 261.22/£7500 = 3.48 %

Would you like to keep #159 or would you like a new number?

Pay ALL your debt off by Xmas 2018

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