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/


    My Ravelry: http://www.ravelry.com/projects/nicd...view=thumbnail

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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...
    The math never lies, budget in INK!


    EF $4900


    Camper (Start March 2013) $4645.26/ $1580.27

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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.

  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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