PDA

View Full Version : It's The Little Things- Pay Off Your Smallest Debt in 2012!



gatosqueak
12-20-2011, 08:37:28 PM
It's The Little Things- Pay Off Your Smallest Debt in 2012!

Let's see how many of us can pay off our smallest debt! At the end of each month, if someone's smallest debt was paid off in full, I will add up how much our group has paid off each month! Once you finish your smallest debt, move to your next smallest... At the end of the year, I will total how much we have paid off in 2012! :biggrin:

Member/Debt Amount:

Jan 2012
CouponClipper15: $906.24 (Student loan)
Gatosqueak: $82.15 (Paypal credit card) paid 1/5/2012; $139.56 (Best Buy credit card)
Total paid off: $82.15

CouponClipper15
12-26-2011, 10:55:35 PM
It's The Little Things- Pay Off Your Smallest Debt in 2012!

Let's see how many of us can pay off our smallest debt! At the end of each month, if someone's smallest debt was paid off in full, I will add up how much our group has paid off each month! Once you finish your smallest debt, move to your next smallest... At the end of the year, I will total how much we have paid off in 2012! :biggrin:

Member/Debt Amount:

Gatosqueak: $68.17 (Paypal credit card)

Great idea!

Student loan - $906.24

It started out at $3,500.00, but by the end of 2012, it will be $0.00. :BigHand:

jenrose
12-27-2011, 10:42:42 AM
Come on everyone! This is a great challenge.....

I'd join but my remaining debt is our house and that will not be paid off this year LOL

kimandkathess
12-27-2011, 05:54:38 PM
I will be joining- need to find out my smallest debt first :)

gatosqueak
01-05-2012, 11:04:05 AM
yay, paypal paid off
$82.15 (Paypal credit card) paid 1/5/2012

next:
best buy for $139.56

CouponClipper15
01-06-2012, 10:33:54 AM
I paid $100 yesterday (1/5/12) towards my student loan.

The balance remaining is 806.88.

Interest sucks! :sad3:

bugweena
01-06-2012, 11:01:20 AM
yay, paypal paid off
$82.15 (Paypal credit card) paid 1/5/2012

next:
best buy for $139.56


:encourage15:

bugweena
01-06-2012, 11:03:09 AM
I paid $100 yesterday (1/5/12) towards my student loan.

The balance remaining is 806.88.

Interest sucks! :sad3:

But you're a $100 closer to your goal. :encourage12:

CouponClipper15
01-06-2012, 11:57:42 AM
But you're a $100 closer to your goal. :encourage12:

Yes, I am! :big grin:

I'll be glad when I see $0.00. :biggrin:

gatosqueak
02-01-2012, 10:13:18 AM
Taking updates for Feb :)

kimandkathess
02-01-2012, 11:28:20 AM
Right now I have $4574 worth of debt..not counting my house payment. $3748 is my student loans. My payment is $57 a month and I pay $120 every month. Always applying my extra towrads my principle.

I have figured it down to a T on how much to pay to have these paid off my May 2014 the same month i pay off my house. I am currently on a land contract. I pay one reg payment plus an additional principle payment each month. Also every year I will be paying off a years worth of my house with my income taxes. Currently I owe $25,500 on my house.
By the end of 2012 I will be down to : 17,389
By the end of 2013 I will be down to : $4,850
By may of 2014 I WILL BE PAID OFF :)

Now I have little things other than my student loan on my credit im tryin to pay off. $826 worth. I am currently doing everything I can to improve my credit because I am not 100% sure we will have enough money to buy a new house with savings and selling 2 houses. So I want to be able to have loan as a back up just encase.

I recently applied for a credit card to help boost my credit. I need something to show that I can borrow and pay on time. If i don't get approved I am going to wait quite a while and continue to improve my credit more.

So how is everyone else doing?

gatosqueak
02-02-2012, 07:24:02 PM
Doing okay! Paid off one and paid off $157ish on another one so we wouldn't accrue the debt. We put all the high interest cards on another credit card so we have 0% for 18 months. We're getting our tax return soon. We'll pay the HOA fee and then figure out what to do with the rest.

cody82414
02-18-2012, 06:10:54 AM
This is Dave Ramsey's 'snowball' theory

join the monthly support thread:wavehi:

http://www.hotcouponworld.com/forums/debt-help-management-support/457970-february-2012-dave-ramsey-financial-peace-support-thread-everyone-welcome-8.html#post3226302

cody82414
03-03-2012, 06:15:36 AM
anyone paying off their smallest debt with their tax return???