Payment a Day - Chapter 2024
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Keedie
Posts: 2,234 Forumite
Hey everyone,
Welcome to the Payment A Day - Chapter 2024 challenge! (this will start from 1 January 2024)
We've decided to start a new thread challenge each year as the last one by Kirstypoos for Payment a Day Chapter 18 was over 1,150 pages long and spanned nearly 6 years 😳👏🏾! If you want to see our latest thread, check it out here Payment a Day - Chapter 2023 and it also follows the principles of the thread originally started by Emily Hallett (we always give credit where credit is due 😁).
But what is Payment A Day (PAD) and what is included?
Well... the idea is that you make any extra payment a day towards your debts or savings, to either clear your debt quicker or build your savings at a faster rate. There is no minimum amount, you could PAD anything from £0.01 to £1,000s, as it just depends on your individual budget, targets and circumstances. Some of us PAD everyday, some sporadically and some save their PADs to make targeted payments once a month. You can PAD your minimum payments, additional payments, mortgage payments, sinking funds, savings challenges, it really is down to you, the only rule is that you post your PADs so we can share and celebrate your achievements.
How do I join and do I need a number?
Everyone's welcome and you can join at any time in the year, and no challenge number/identifier is needed, just pop along as it's never too late to start PADding. We're a friendly bunch, if slightly addicted to PADding (if you know, you know 😉) and if you ever need any advice or inspiration, you'll be sure that one of us can help you.
What is a counter upper?
To help us stay motivated, each month we have someone counting up each day's total (hence the name counter upper) and they declare the total for each month then pass the baton onto a new counter upper. To help the counter upper keep track of everything, please declare your PAD in bold.
🎉 PADding Power 🎉
In 2023, we were on 🔥 and our total PAD was
Our achievements for 2024 will be updated as we go along...
January 2024 = £14,372.69 (thanks to @Makingabobor2 as counter upper)
February 2024 = £9,334.10 (thanks to @LittleMissDetermined as counter upper)
March 2024 = £9,100.39 (thanks to @AntoMac as counter upper)
April 2024 = (thanks to @Divingmad as counter upper)
May 2024 = (thanks to @Keedie as counter upper)
June 2024 =
July 2024 =
August 2024 =
September 2024 =
October 2024 =
November 2024 =
December 2024 = (thanks to @Keedie as counter upper)
Welcome to the Payment A Day - Chapter 2024 challenge! (this will start from 1 January 2024)
We've decided to start a new thread challenge each year as the last one by Kirstypoos for Payment a Day Chapter 18 was over 1,150 pages long and spanned nearly 6 years 😳👏🏾! If you want to see our latest thread, check it out here Payment a Day - Chapter 2023 and it also follows the principles of the thread originally started by Emily Hallett (we always give credit where credit is due 😁).
But what is Payment A Day (PAD) and what is included?
Well... the idea is that you make any extra payment a day towards your debts or savings, to either clear your debt quicker or build your savings at a faster rate. There is no minimum amount, you could PAD anything from £0.01 to £1,000s, as it just depends on your individual budget, targets and circumstances. Some of us PAD everyday, some sporadically and some save their PADs to make targeted payments once a month. You can PAD your minimum payments, additional payments, mortgage payments, sinking funds, savings challenges, it really is down to you, the only rule is that you post your PADs so we can share and celebrate your achievements.
How do I join and do I need a number?
Everyone's welcome and you can join at any time in the year, and no challenge number/identifier is needed, just pop along as it's never too late to start PADding. We're a friendly bunch, if slightly addicted to PADding (if you know, you know 😉) and if you ever need any advice or inspiration, you'll be sure that one of us can help you.
What is a counter upper?
To help us stay motivated, each month we have someone counting up each day's total (hence the name counter upper) and they declare the total for each month then pass the baton onto a new counter upper. To help the counter upper keep track of everything, please declare your PAD in bold.
🎉 PADding Power 🎉
In 2023, we were on 🔥 and our total PAD was
£133,732.16!!!
Our achievements for 2024 will be updated as we go along...January 2024 = £14,372.69 (thanks to @Makingabobor2 as counter upper)
February 2024 = £9,334.10 (thanks to @LittleMissDetermined as counter upper)
March 2024 = £9,100.39 (thanks to @AntoMac as counter upper)
April 2024 = (thanks to @Divingmad as counter upper)
May 2024 = (thanks to @Keedie as counter upper)
June 2024 =
July 2024 =
August 2024 =
September 2024 =
October 2024 =
November 2024 =
December 2024 = (thanks to @Keedie as counter upper)
We hope you'll join us and Happy PADding! 🤗
Debt Free Diary:- The Mental Debt Struggle
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid
3
Comments
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I do love shiny new threads, they help me to stay motivatedMaking the debt go down and savings go up
LBM 2015 - debt £57K / Now £33,676
Mortgage 04/24 £17,400 Officially ends June '26 but plan to be MF sooner
Total OPs 2022 - £240 2023 - £1766
OPs so far in 2024 £581.00
EF #68 £175/£1000
Challenges
1p a Day '24 #12 £76/£667. SPC '24 #41 £13.75
Christmas '24 £14.
Make £5 a day - Apr £105.17£150
NSDs April 9/15
My debt free diary...https://forums.moneysavingexpert.com/discussion/6396218/we-will-get-this-debt-down-the-savings-up3 -
Me too! I just need to work out my personal PADding and debt target so that I'm ready to go for January 2024.Debt Free Diary:- The Mental Debt Struggle
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid2 -
All bookmarked and ready to go for 2024!Life gets in the way...PADding is addictive...Saving's better than spending...My savings diary - Now for a healthier, wealthier me2024 1p challenge #11 | Cash envelope challenge #01 | SPC #017Sealed pot 2024 £2551.68 | EF £1000/£1000 | Sabbatical £970/£3000 | Holiday spends £540 | General Saver £2422.483
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Bookmarking now in anticipation!!!2
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Me too! Got to get this done this year!
@Keedie just read some of your diary. A woman with a plan!! Like it - following suit. 2024 is the year to be debt free!!
November 2023
I'm always in it, it's only the depth that varies....
Current debt: £10,806.75
Debt free date April 2025 (though expecting this to come forward)2 -
Most definitely @CMD79! We'll be able to cheer each other on 🥳.
I can honestly say out of all of the debt free challenges, this one has been my biggest motivator and has helped me to take charge of my finances in a way that I never thought was possible. That's why I now run it. Since 2022, I've cleared around £13k of debt and built savings through being more intentional with my finances and wanting to get the mini high of declaring a PAD. As @LittleMissDetermined says, PADding is addictive...!
Debt Free Diary:- The Mental Debt Struggle
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid5 -
Can I join please! Got a new laptop this year so can keep myself motivated to log on and save the pennies!I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe boards and spending & discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Debt owed;JD Catalogue - £580/£700, ZopaCC £100/£200, Zable £294.65/£350 = Total Debt £974.65
The 365 Day 1p Challenge 2024 #27 £0/£671.61
Time to start a fresh. — MoneySavingExpert Forum
Time to start a Fresh part 2, 2022! — MoneySavingExpert Forum
New fresh diary for 2023! — MoneySavingExpert Forum
https://forums.moneysavingexpert.com/discussion/6494873/fresh-diary-for-2024#latest4 -
You can most certainly join us @BlueJ94! The more the merrier. We'll start on 1 January 2024, but if you have any PADs to declare before the new year, you can add them at Payment a Day - Chapter 2023. xDebt Free Diary:- The Mental Debt Struggle
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid2 -
Hi!
Can I join for 2024? I find having a big goal too overwhelming, so this challenge works well for meTotal debt remaining £15,664.211 -
Hi @Charlotte_88_24, of course you can join and you're more than welcome! I find that little and often works best for me and allows me to chip away at a larger goal that would otherwise overwhelm me.
Debt Free Diary:- The Mental Debt Struggle
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid2
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