Payment A Day Chapter 15
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mandz1
Posts: 2,548 Forumite
*The principles of PADding*
Emily Hallett started a fantastic thread called 'a payment a day' which you can find here:
Thread 1
The thread was a huge success and was continued in 'A Payment a Day Parts 2-12'. Those threads can be found here:
Thread 2 Thread 3 Thread 4 Thread 5 Thread 6 Thread 7 Thread 8 Thread 9 Thread 10 Thread 11 Thread 12 Thread 13
Thread 14 http://forums.moneysavingexpert.com/showthread.php?t=4629473
The thread is extremely supportive and friendly, with lots of madness and smileys to boot! It is ever increasing, which is why the 2014 challenge is continuing on a brand new thread.
The principle of the idea is that you pay any extra money you have against a debt to clear it a little bit quicker. Not everyone makes a daily payment, but instead they save money to make a lump sum at the end of the month. You can do it anyway you want to, but join the thread and let us know how you are getting on.
Some PaD-ers have cleared their debts and are now focusing on saving following the same principal, so they still post on the thread. Anyone is welcome to join in at anytime.
Best wishes to everyone
*The numbers*
To show how well we all do, the collective amount paid to each debt, per month, will be logged here. Look how amazing the totals are
In 2011 the People of PAD repaid towards their debts/savings a massive:
:T:j:T£440,536.74 :T:j:T
£373,295.71 in 2012 :T:T:T
2013 total:- £254,420.24 :T :T :T
2014 total-£223,726.04
2015 monthly totals
January- £ 22,474.19
February - £47,739.50
March - £16,397.13
*The Rules*
1) To assist the monthly 'counter-upper' please post your PaD in Bold, colour, large, or all three
2) Once you join, you cannot leave
Emily Hallett started a fantastic thread called 'a payment a day' which you can find here:
Thread 1
The thread was a huge success and was continued in 'A Payment a Day Parts 2-12'. Those threads can be found here:
Thread 2 Thread 3 Thread 4 Thread 5 Thread 6 Thread 7 Thread 8 Thread 9 Thread 10 Thread 11 Thread 12 Thread 13
Thread 14 http://forums.moneysavingexpert.com/showthread.php?t=4629473
The thread is extremely supportive and friendly, with lots of madness and smileys to boot! It is ever increasing, which is why the 2014 challenge is continuing on a brand new thread.
The principle of the idea is that you pay any extra money you have against a debt to clear it a little bit quicker. Not everyone makes a daily payment, but instead they save money to make a lump sum at the end of the month. You can do it anyway you want to, but join the thread and let us know how you are getting on.
Some PaD-ers have cleared their debts and are now focusing on saving following the same principal, so they still post on the thread. Anyone is welcome to join in at anytime.
Best wishes to everyone
*The numbers*
To show how well we all do, the collective amount paid to each debt, per month, will be logged here. Look how amazing the totals are
In 2011 the People of PAD repaid towards their debts/savings a massive:
:T:j:T£440,536.74 :T:j:T
£373,295.71 in 2012 :T:T:T
2013 total:- £254,420.24 :T :T :T
2014 total-£223,726.04
2015 monthly totals
January- £ 22,474.19
February - £47,739.50
March - £16,397.13
*The Rules*
1) To assist the monthly 'counter-upper' please post your PaD in Bold, colour, large, or all three
2) Once you join, you cannot leave
PAD Maker
0
Comments
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Hi all- please put £2.75 to mbna had hoped to pay more but annoyingly dropped bus ticket running from bus 1 to bus 2 on way to work and had to rebuy!!lloyds 1350/ rbs cc 1921.89/ mbna 3323.53/ barclays cc 5402.77/ nationwide l 8460.88/ current total debt 20459.07:eek::eek::eek:
Will update ever month end.0 -
£2.41 to The Debt:)
Happy new thread:j:j:jBe the change you want to see -with apologies to Gandhi
In gardens, beauty is a by-product. The main business is sex and death. ~Sam Llewelyn
'On the internet no one knows you are a cat'0 -
Hi Mandz Thanks for starting new thread.................can you put a link in post 1 for Chap 14 and there appears to be a total already for April 2014????Be the change you want to see -with apologies to Gandhi
In gardens, beauty is a by-product. The main business is sex and death. ~Sam Llewelyn
'On the internet no one knows you are a cat'0 -
Hi all,
I know its a PAD, but sadly today I haven't made any extra payments... but I thought I would still check in... not to get out of the routine... hopefully back on track tomorrow....
nice new thread.. woop-woopWork to live= not live to work0 -
£6.16 my first PADTotal debt March 2014: £11,194. Now £4,198.
0% CC1: [STRIKE]£2,240[/STRIKE] £0. 0% CC2: [STRIKE]£1,934[/STRIKE] £0.
0% CC3: £0 0% CC4: £4,198.
12.9% Loan: [STRIKE]£3,000[/STRIKE] £0
14.9% HP: [STRIKE]£1,103[/STRIKE] £00 -
Hi all :j
Popping in to PAD £89.00 to ltsb cc plz Igamogam - tkyou!!
Many thanks to Mandz1 for the great totals for the last 2 months :T:T:T:T:T
and Welcome to NHS worker bee :T:T:TNew start JAN15 - NOT BUYING IT 2015 :eek:. Long haul DFW #145 : 2011 DEBTBUSTING : £5500 OD GONE, £2000 OD - GONE £93,610.30 cc & loan debt - GONE 27.6.14 FINALLY DEBT & MORTGAGE FREE :happyhear0 -
Good morning fellow PADders
Today's PAD is £5.55 to MBNA please :T
Hi and welcome to NHS Worker Bee :hello:LBM 10/1/12 ~ DFW Start 6/2/12: £82,344 ~ Now Zero:staradmin:starmod::staradmin Debt free 17th April 2015 :staradmin:starmod::staradmin
Eternal thanks to the DMP & Mutual Support (no.439) and Payment a Day ThreadsMortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads"Debt is normal. Be weird!" Dave RamseyProud to have dealt with our debt0 -
Good morning padders:)
my pad today is £1 to emergency fund please , Thanks for the totals Mandz :T
Mobo xxCC1-£1729.53
CC2-£4323.00
LOAN-£14,519.05
TOTAL DEBT £20,571.58 :eek:
Then there's the mortgage0 -
Morning all,
£1.16 for me today"If you can dream it, you can do it" - Walt Disney0 -
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