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    A Payment A Day - Part 9
    • #1
    • 28th Jul 10, 10:58 AM
    A Payment A Day - Part 9 28th Jul 10 at 10:58 AM
    Official insert:

    What's it about? The Payment a Day (PaD) forum thread started in 2008, based on the idea of making a payment to just one debt every day – even if just a penny.

    Two years later, nine forum threads have been filled and half a million pounds of debt paid off, proving it really does work. So we're giving it a special mention in the weekly email to help inspire others, and say congrats to all involved.

    Can I join in? Of course - just sign up to the forum (it's free) and click 'reply' to say hi to your fellow PaD-ers!

    Back to the original post...


    *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

    *The principles*

    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 2-8'. Those threads can be found here:

    Thread 2 Thread 3 Thread 4 Thread 5 Thread 6 Thread 7 Thread 8

    The thread is extremely supportive and friendly, with lots of madness and smileys to boot! It is ever increasing, which is why part 9 has now been started.

    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

    January 49,718.31 What a great start to the year!!
    February 55,442.48
    March 49,726.57
    April 41,898.23
    May 47,278.84
    June 48,604.92
    July 41,914.26
    August 57,074.96
    September 31,421.27
    October 40,050.33
    November 37,664.42

    2010 so far : 500,794.59

    This Forum Tip was included in MoneySavingExpert's weekly email

    Don't miss out on new deals, loopholes, and vouchers

    Last edited by clearing_out_my_pockets; 10-12-2010 at 2:36 PM. Reason: Re-formatted
    Don't worry about typing out my username - Call me COMP

    (Unless you know my real name - in which case, feel free to use that just to confuse people!)
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