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  • FIRST POST
    • muppets
    • By muppets 4th Dec 17, 4:17 AM
    • 822Posts
    • 5,597Thanks
    muppets
    Pay ALL your debt off by Xmas 2018
    • #1
    • 4th Dec 17, 4:17 AM
    Pay ALL your debt off by Xmas 2018 4th Dec 17 at 4:17 AM
    Welcome to PART 1 OF Pay ALL Your Debt Off By Xmas 2018!

    Firstly I would like to welcome all new and existing members from last years thread.

    Anyone is welcome to join this challenge and it is NEVER too late. There is also no amount of money too small or too large that will stop you from joining this challenge. We have several members who will be on their debt journey for several years to come, but they are part of this thread to pay off a fixed amount of their debt as the support on here is fantastic!
    So, if you think you can pay off all your debts by Christmas or have a goal to pay off a certain amount then please join in!

    This challenge runs until 27th December 2018.



    To help me run this thread easily, could you please all post your totals in large text and in a bold colour and post the amount you have paid off // target amount

    It would also be a big help if you could also put with it your challenge number.
    i.e. another £50 paid off so now the total paid off for

    #001 is £315.43/£7685.67
    By the way, don't worry about working out your % paid as I can do that for you!
    PAYDBX 2018 - #01 Pd £8,305.57 / £10,500 - 79.10%
    SPC10 #93
    MFiT-T4 #9
    3-6 mth EF #69
    Ä4,300 / 15,000
    Mortgage - PD 86,136.83/ 271,495.07 31.72% MF Aug 2038 Sept 2035
    My long slow journey to mortgage freedom
    My diary - Making a move on debt
Page 68
    • sunshine81
    • By sunshine81 4th Jul 18, 12:47 PM
    • 1,317 Posts
    • 6,657 Thanks
    sunshine81
    #145 £10,205.81 / £19,261 (52.99%)
    • a_silver_lining
    • By a_silver_lining 5th Jul 18, 7:53 AM
    • 337 Posts
    • 944 Thanks
    a_silver_lining
    #145 £10,205.81 / £19,261 (52.99%)
    Originally posted by sunshine81

    Sunshine81, I've seen you post regularly on here for a while now. Do you chip away at the debt, like direct extra money made/ saved tothe debt regularly rather than a large payment? I'm looking for ways to boost my momentum
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.

    2018: 3k personal savings --- Family Loan (6k paid direct + 680.99 saver 2) 6680.99/ 10K paid 66.8%
    Extra cash made 2018: 1021.41
    • Purplemumof2
    • By Purplemumof2 5th Jul 18, 11:15 AM
    • 6,558 Posts
    • 24,632 Thanks
    Purplemumof2
    Morning,

    Number 41 - £6559.32/£7000.00
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £5660.00 Lloyds: £9878.75 BC: GONE Cap One: GONE
    OD £0/£500 LC £371.25/£1500 Washer PAID
    POAMAYC 2018 #041 PD £7219.86/£7000
    Savings for Christmas £385.36/£400
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 12 2019 #003
    • sunshine81
    • By sunshine81 5th Jul 18, 11:26 AM
    • 1,317 Posts
    • 6,657 Thanks
    sunshine81
    Hi a_silver_lining! There's another thread in here called Payment A Day, so I make a payment to my debt every single day even if it is just a few pence. It keeps me mindful of what I'm spending and it's motivating to watch the paid amount go up every day - it makes me think twice about spending money! If I saved it up and paid it off in bigger chunks I'd end up spending it. I'm not very disciplined, that's what got me here in the first place

    #145 £10,235.33 / £19,261 (53.14%)
    • Flee
    • By Flee 5th Jul 18, 10:29 PM
    • 763 Posts
    • 3,347 Thanks
    Flee
    Number 61 checking in. Paid off the husband's car loan so we are now at £13917 paid off this year so far. The more I see the totals that I have paid off the more annoyed I get with myself for wasting money. I could have bought a new car with that £13k or be part way to buying a 2nd property....
    Lesson learnt hopefully.
    Halifax CC £1029/£2490, Tesco CC £0/£3203, Tesco loan £15431/£15808, Carloan1 £6743/£8241, Carloan2 £0/£3813

    Pay all your debt off by Xmas 18 =22% £6661/£29865
    • spudsmum
    • By spudsmum 6th Jul 18, 10:12 AM
    • 337 Posts
    • 1,810 Thanks
    spudsmum
    Another £39 to MBNA

    #22 now at £1097/£5000
    Originally posted by spudsmum
    Another £52.50 to MBNA

    #22 now at £1149.50/£5000
    Total debts £21050! now £18934.52 . 1% challenge £1641.25/£15000 (10.94%) Total extra income made in 2018 £2544.79 frugal budget 2018 £6253/£7600 Aiming for debt free at 40 - only 24 months to go!
    • elleJay42
    • By elleJay42 6th Jul 18, 12:00 PM
    • 127 Posts
    • 893 Thanks
    elleJay42
    Hello, I hit 70% today! That's the closest I've got to being debt free in all the years I've been on this thread, so pleased!

    #91 £2452.14 / £3500 (70%)
    Total debt at LBM = £4861.03

    DFBXmas2018 #91 - £3302 / £3500 (94.3%)

    HTB ISA - £0 withdrawn for house purchase!
    Wedding Fund £2550 / £5000
    • a_silver_lining
    • By a_silver_lining 6th Jul 18, 12:33 PM
    • 337 Posts
    • 944 Thanks
    a_silver_lining
    Thank you sunshine81, I find it really motivating seeing you chip away. I think I need a similar strategy, maybe not daily... but perhaps money made, and end of the month lumps paid. I think a more regular check in might keep me focused.
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.

    2018: 3k personal savings --- Family Loan (6k paid direct + 680.99 saver 2) 6680.99/ 10K paid 66.8%
    Extra cash made 2018: 1021.41
    • sunshine81
    • By sunshine81 6th Jul 18, 8:17 PM
    • 1,317 Posts
    • 6,657 Thanks
    sunshine81
    #145 £10,392.07 / £19,261 (53.95%)
    • sunshine81
    • By sunshine81 7th Jul 18, 2:01 PM
    • 1,317 Posts
    • 6,657 Thanks
    sunshine81
    #145 £10,397.07 / £19,261 (53.98%)
    • Whatshername
    • By Whatshername 7th Jul 18, 3:58 PM
    • 64 Posts
    • 359 Thanks
    Whatshername
    #064 £162 paid off. Had a rubbish few months where money has been extremely tight so not much paid over minimum amounts. Way off for paying by end of year so need to start chipping away some more to build up some momentum
    #030 Sealed Pot 2019 Challenge - Declare 31st Oct
    #064 Pay debts by Xmas 2018 Challenge - £1462/£5252
    #042 100 ways for 1% challenge - 28%
    • sunshine81
    • By sunshine81 8th Jul 18, 8:05 AM
    • 1,317 Posts
    • 6,657 Thanks
    sunshine81
    #145 £10,407.37 / £19,261 (54.03%)
    • limars19
    • By limars19 8th Jul 18, 11:46 AM
    • 14 Posts
    • 49 Thanks
    limars19
    to whatsername you and me too lol, just about to start new job and health problem meant i could not take it, but little steps and we will get there in the end.
    • LLM2018
    • By LLM2018 8th Jul 18, 1:29 PM
    • 111 Posts
    • 364 Thanks
    LLM2018
    #78 update of £1294 paid off. Over Half way now. 51.88% paid. Really trying hard to get the last of my debt gone. Sorry can't change the font or size on my pc atm.

    #21 Make 1% challenge 77.54/100%
    #78 PAYDBX '18 £1934/2494 paid
    #6 Crazy clothes challenge
    1 debt vs 100 days £40/600 so far
    • supersaver1000
    • By supersaver1000 8th Jul 18, 10:33 PM
    • 2,110 Posts
    • 13,214 Thanks
    supersaver1000
    #98 paid £5065/£7565 so far on the debt (67%)
    1 x cc left : Flylady : Grocery club member : Old Style Weightloss lurker
    It's not getting what you want, it's wanting what you've got

    Need to rejoin the Grocery Budget thread - Completely Debt-free by April 2019 Jan 2019
    • muppets
    • By muppets 9th Jul 18, 4:11 AM
    • 822 Posts
    • 5,597 Thanks
    muppets
    Morning
    Sorry iíve Not updated Juneís totals, work has gone crazy !!!128540; will update as soon as I can xx
    PAYDBX 2018 - #01 Pd £8,305.57 / £10,500 - 79.10%
    SPC10 #93
    MFiT-T4 #9
    3-6 mth EF #69
    Ä4,300 / 15,000
    Mortgage - PD 86,136.83/ 271,495.07 31.72% MF Aug 2038 Sept 2035
    My long slow journey to mortgage freedom
    My diary - Making a move on debt
    • sunshine81
    • By sunshine81 9th Jul 18, 9:16 AM
    • 1,317 Posts
    • 6,657 Thanks
    sunshine81
    #145 £10,412.37 / £19,261 (54.06%)
    • sunshine81
    • By sunshine81 10th Jul 18, 11:27 AM
    • 1,317 Posts
    • 6,657 Thanks
    sunshine81
    #145 £10,477.71 / £19,261 (54.40%)
    • supersaver1000
    • By supersaver1000 11th Jul 18, 9:12 PM
    • 2,110 Posts
    • 13,214 Thanks
    supersaver1000
    Had a really good week and have made £1500 from sales and some money coming to us unexpectedly.

    We are now on track to pay all of our debts off by January, not just our Ccs by xmas. Over the moon. I need to get on and do some PPI reclaiming - you never know we might make that Xmas deadline after all.

    Need to get on and change my signature. Trying to distract myself from extra time at the moment!

    Update 13/7/18 - after updating my spreadsheet I can see I've only got another £224 extra to find by Christmas to be debt-free!!! So another £20 a month to earn/make - I can do this
    Last edited by supersaver1000; 13-07-2018 at 9:39 PM. Reason: Update
    1 x cc left : Flylady : Grocery club member : Old Style Weightloss lurker
    It's not getting what you want, it's wanting what you've got

    Need to rejoin the Grocery Budget thread - Completely Debt-free by April 2019 Jan 2019
    • sunshine81
    • By sunshine81 12th Jul 18, 5:36 AM
    • 1,317 Posts
    • 6,657 Thanks
    sunshine81
    #145 £10,532.71 / £19,261 (54.68%)
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