Can we start a monthly debt reduction challenge?
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  1. #1
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    Default Can we start a monthly debt reduction challenge?

    The 2008 reduction challenge just scares me, I think if I did it in smaller steps then I feel like it would be more attainable. Anyone with me?

    My March Debt Reduction goals


    Visa #1 $700 left. Would like to pay $200 down on it.

  2. #2
    Registered User Samigirl's Avatar
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    Sounds good to me. My goal for March is to start on baby step 2. I want to put $250 extra on our car loan.

  3. #3
    McD
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    I will join. I want to pay an additional 200$ towards my computer loan.
    McD
    -wife to Z
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    Blog: http://familystylemayhem.com/


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    Registered User Cricketlegs's Avatar
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    ME me me!

    I want $300 on my credit card--can I even stress how much I HATE the dang thing enough?

    $300 in my savings account

    $400 on my car--that is about $90 over my regular payment.

    Past that we will see...

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    Registered User MirandaK's Avatar
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    My goal is $550 on my credit cards...luck to everyone!!!!

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    Registered User DJ1972's Avatar
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    I'm in and I agree...I do much better on focusing on the month at hand. I want to finish paying off my computer this month, as the interest free period ends in 2 months. Also want to reign in my spending..sort of been wacky since christmas!

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    Registered User itlw8's Avatar
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    I am continueing with the extra $100 on my mortage it takes 1 entire monthly payment off every time I do that.

    not sure is much progress will be made this month I have enough saved to pay my taxes and most of the 800 into my IRA that is lowering that tax amount

    Once I get those out of the way back to paying off the debt.
    Meg

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    Count me in too.

    I want to pay $358.60 to our two debts (LOC & Disc - Disc min is $50ish and not sure what LOC is b/c always pay more so they send me $0 due bill)

    Also want to pay $290.57 to the sinking fund (which covers vehicle tags renewal, Christmas, insurance, tires (will need before long), and taxes in case I didnt figure my new witholdings correct).

  9. #9
    Registered User tlenad's Avatar
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    I'm in too. After the great month, I had last month paying down debt I'd like to keep myself focused.

    I'd like to get my Visa down to $2000.00. It's at $3000 right now so $1000 this month.

  10. #10
    Registered User Amanda2008's Avatar
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    Since we don't pay our first mortgage payment until June, I would like to pay off the following: Tire Kingdom, JCPENNY, and most of Wal-Mart. We will also save some to put towards the principal of the loan.

    I agree- one month at a time sure does help with the bigger challenge!

  11. #11
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    I am in

    I'd like to pay down the car. My goal is an extra 700.00 on the car.

  12. #12
    Registered User Mamaw's Avatar
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    I will aim for another 250.00 by the end of the month toward debt snowball.
    Barb
    July 2014 Goals
    Grocery challenge 500.00/0
    Menu planning - 5/1
    Christmas 2014 50/0
    Swim with Dolphin Fund 100/00
    Bedroom carpet and redecorate fund 100/00

    Time Goals
    Exercise 3x per week - walk/bike/boflex/dvd/yoga class 15/1


    Health Goals
    Drink 32 ounce water or herbal tea daily 31 days/3
    Sleep - retire no later than 11 in bed as opposed to on chair

    UFO July - Hem Maddies dress/weed flower beds again

    Every little tiny bit helps to get rid of that debt

    Success is not determined by how smart we are, It is determined by the decisions we make

  13. #13
    Registered User ravenmaniac's Avatar
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    I'm in. I'll put $50.00 on my personal loan. Right now it is all I can afford but at least it's something.

  14. #14
    Registered User Marie78's Avatar
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    I like a monthly goal too, I put $253 towards my credit card debt this month.

  15. #15
    Registered User mombottoo's Avatar
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    I'm in, I also like the idea of looking at things month to month, with an ultimate goal for the year.

    I want to pay off the IRS this month...
    "Life is what happens while you are busy making other plans." John Lennon
    "Infinite goodness has wide arms." Dante

    Change & Penny Challenges:
    Penny : $11.63
    Change : $66.20

    Grocery Challenge:
    Grocery $400 avg. per month: $122.58/$400 April
    Running Total: $1,243.92

    2014 Coupon Savings Challenge:
    $312.47

    Savings Challenge: $/$3,000 to be put into other acct. when goal is met

    2014 Fling Challenge: 63/2014
    20 Wishes Challenge: 10/24
    2014 Backwards 52 week Christmas Challenge: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52
    To date: $637.00 - $53.84 = $583.16

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