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A Payment A Day - Chapter 14
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# 1
mandz1
Old 01-06-2013, 9:32 AM
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Default A Payment A Day - Chapter 14

*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

The thread is extremely supportive and friendly, with lots of madness and smileys to boot! It is ever increasing, which is why the 2013 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:


£440,536.74

£373,295.71 in 2012

2013 total:- £254,420.24

2014 monthly totals


January -£73,659.55
February -£18,183.50
March -£16,550.92
April -




*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
Debts: £1500, £3780
Debt at May 2010:- £16,110.47
Debt @ 21.7.14 -£5,280one debt vs 100 days £40/£500

Last edited by mandz1; 01-04-2014 at 8:41 PM. Reason: Monthly update
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# 2
Igamogam
Old 01-06-2013, 10:40 AM
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Kicking off June with£814 to the nominated CC

Last month I reduce one outstanding debt by 44% just through make PADs - I just round down the bank account each day and pay on line a nominated card - works wonders I rarely notice the 'extra' going out - only the fab reduction on the monthly bill
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'
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# 3
Time to face the music
Old 01-06-2013, 12:28 PM
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Thanks to Mandz for starting this new thread and for posting all the 2013 totals so far and last but not least for being our fabulous, fantastic, counter upper for May

And thanks to Igamogam for taking over the baton for June and being our new super duper counter upper

Let's all hope it's a brilliant month for PADs


I am starting off the month with a rounding down PAD of £11.67 to the NatWest OD. This now leaves us with 4 monthly payments and another debt will bite the dust at the end of September
LBM 10/1/12 ~ DFW Start 5/2/12: £82344 ~ Month 29: £15477=81.20% paid ~ DFD 31/1/16 ASAP
8/11 unsecured debts down, 3 to go ... Next target MBNA
Mortgage free 3rd July 2014 - Grateful thanks to the 2013/4 MFW threads
“Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt” Henrik Ibsen
Proud to be dealing with our debt and making our money our own
Time to face the music is online now
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# 4
LunaLady
Old 01-06-2013, 7:11 PM
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Lovely shiny new thread

Starting off with a payment of £10.00 please
SPC #1813
Addicted to collecting Nectar Points!!
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# 5
jet9cat
Old 01-06-2013, 9:02 PM
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Hey there, fellow PADders, and good to see you all on chapter 14, duly saved to my favourites. Thanks to Mandz for sorting it all out and counting up last month.

Well, the payday financial review shows I have a suspiciously large amount of money left in the current account before my pay went in. In part this is due to OH paying me back some money into the housekeeping fund that he owed but I also seem to have done better than I thought considering May was a low payday month. I don't trust that I won't need the money for something I've forgotten, though, so for the moment I've paid £200 into emergency funds.
Every penny's a prisoner
PADding is addictive
MFW August 2023 - unless I get my butt into gear
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# 6
sashanut
Old 01-06-2013, 11:28 PM
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Hi all

Popping in to PAD £5000.00 to tax saving a/c plz Igamogam - tkyou!! Starting as I mean to go on...tax bill due later this year

Fantastic total for May - tks to Mandz1 for being a great counter-upper
New start JAN14 - DF THIS YEAR!! We are 2 adults/2 cats/3 dogs. Long haul DFW #145 : 2011 DEBTBUSTING : £5500 OD GONE, £2000 OD - GONE £93,610.30 cc & loan debt - GONE 27.6.14 DEBT FREE
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# 7
Buffythedebtslayer
Old 02-06-2013, 12:08 AM
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Location: UK
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Found you!

I have paid 100.37 to my BC card.

am aiming to pay something somewhere each day.........but having just done my money for the month I have literally done my money!! so we shall see

xxxx
Sealed Pot Member 008 Debt = 4600 down to 3790
Organiser of the 50p thread - see link in my diary. savings = 1000, plus pots for known expenses
Your life does not get better by chance it gets better by change.
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# 8
Time to face the music
Old 02-06-2013, 7:24 AM
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Posts: 4,078
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Good morning fellow PADders

A little rounding down PAD of £8.33 to emergency fund today please Igamogam

Have a super sunny Sunday everyone
LBM 10/1/12 ~ DFW Start 5/2/12: £82344 ~ Month 29: £15477=81.20% paid ~ DFD 31/1/16 ASAP
8/11 unsecured debts down, 3 to go ... Next target MBNA
Mortgage free 3rd July 2014 - Grateful thanks to the 2013/4 MFW threads
“Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt” Henrik Ibsen
Proud to be dealing with our debt and making our money our own
Time to face the music is online now
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# 9
Igamogam
Old 02-06-2013, 4:49 PM
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Total for Saturday was a fantabulous................
£6035.67



Sorry got carried away with font size
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'

Last edited by Igamogam; 03-06-2013 at 7:03 AM.
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# 10
Igamogam
Old 02-06-2013, 4:51 PM
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£2.90 to the nominated CC


To all those who took part in Race for Life events to day and the coming weeks.........thank you
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'
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# 11
CariadsDream
Old 02-06-2013, 5:21 PM
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Can I chip in this month please x I find once started its addictive ive got a credit card of £299.99 on 0% till july so will do my damnedest to pay this off with bits n pieces earned and not spent started just now with £9.99/£399.99-£390 left.. oops lucky I checked as the bills £399.99 ...
June groc chal-£42/£220.
Slim world joined may 2013 -9lb June 2/14 NSD,0/10 LSD
PAD £119.14/£399.99 29.8%
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# 12
mandz1
Old 02-06-2013, 7:07 PM
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Quote:
Originally Posted by Igamogam View Post
Total for Saturday was a fantabulous................

£60356.67




Sorry got carried away with font size
is that a mistake? 60 thousand???


£4 for me today
Debts: £1500, £3780
Debt at May 2010:- £16,110.47
Debt @ 21.7.14 -£5,280one debt vs 100 days £40/£500
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# 13
InsertWittyName
Old 02-06-2013, 7:28 PM
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Quote:
Originally Posted by mandz1 View Post
is that a mistake? 60 thousand???
I did a double-take too!

Should be £6035.67 I think, looks like Igamogam got carried away with 6's as well as the font size
I was a DFW, now I'm a MFW
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# 14
lotti379
Old 02-06-2013, 8:11 PM
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£188.01 today

Takes me under £1000 on the CC!!
Debt hill: £8940 £7840 Debt hummock: £1430.35 £1459.19 Debt molehill: £665.48
3.22%

“Obstacles are those frightful things you see when you take your eyes off your goals.”
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# 15
sashanut
Old 02-06-2013, 11:55 PM
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Hi all

Popping in to PAD £100 to ltsb cc plz Igamogam - tkyou!!
New start JAN14 - DF THIS YEAR!! We are 2 adults/2 cats/3 dogs. Long haul DFW #145 : 2011 DEBTBUSTING : £5500 OD GONE, £2000 OD - GONE £93,610.30 cc & loan debt - GONE 27.6.14 DEBT FREE
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# 16
Time to face the music
Old 03-06-2013, 6:14 AM
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Good morning fellow PADders

A little PAD of £5.39 to emergency fund today

Have a super day everyone
LBM 10/1/12 ~ DFW Start 5/2/12: £82344 ~ Month 29: £15477=81.20% paid ~ DFD 31/1/16 ASAP
8/11 unsecured debts down, 3 to go ... Next target MBNA
Mortgage free 3rd July 2014 - Grateful thanks to the 2013/4 MFW threads
“Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt” Henrik Ibsen
Proud to be dealing with our debt and making our money our own
Time to face the music is online now
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# 17
Igamogam
Old 03-06-2013, 6:54 AM
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Quote:
Originally Posted by mandz1 View Post
is that a mistake? 60 thousand???


£4 for me today

Also got carried away with the decimal place Now corrected
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'

Last edited by Igamogam; 03-06-2013 at 7:04 AM.
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# 18
CariadsDream
Old 03-06-2013, 7:37 AM
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Beautiful morning here in Wales again

£20.01 off my barclaycard this morning xx
June groc chal-£42/£220.
Slim world joined may 2013 -9lb June 2/14 NSD,0/10 LSD
PAD £119.14/£399.99 29.8%
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# 19
mandz1
Old 03-06-2013, 9:19 AM
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£20 for me today please igamogam
Debts: £1500, £3780
Debt at May 2010:- £16,110.47
Debt @ 21.7.14 -£5,280one debt vs 100 days £40/£500
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# 20
LunaLady
Old 03-06-2013, 10:39 AM
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£2.00 to my holiday fund today please Igamogam.

Might be back with a bit more later.
SPC #1813
Addicted to collecting Nectar Points!!
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