Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • kirtsypoos
    • By kirtsypoos 22nd Jan 17, 3:05 PM
    • 3,099Posts
    • 13,790Thanks
    kirtsypoos
    Payment A Day Chapter 18
    • #1
    • 22nd Jan 17, 3:05 PM
    Payment A Day Chapter 18 22nd Jan 17 at 3:05 PM
    *The principles of PADding*

    Emily Hallett started a fantastic thread called 'a payment a day' which you can find via going to this webpage (sorry it won't work for me right now)

    The thread is extremely supportive and friendly, with lots of madness and smileys to boot! It is ever increasing, which is why having hit 200 pages, 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

    PS. Here are the rules


    *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

    Total for our Latest Month (May 2016) was:
    £11,278.15 (Thanks Bobarella for being Mays counter Upper )
    June 2016:
    £27,734.49
    July 2016:
    £24,284.13
    August 2016:
    £30,740.14
    September 2016:
    £27,504.99
    October 2016:
    £14,546.08
    November 2016:
    £7,661.39
    December 2016:
    £4541.33

    Total for 2016
    £240,681.72


    January 2017 - Huge thank you to Keedie for keeping tabs
    £13,746.74

    Feb 2017 - Keedie doing the honours
    £7,930.50

    March 2017 - Huge thanks to Mandz
    £15,192.39

    April 2017
    £18,117.88

    May 2017
    £12,909.60

    June 2017
    £15,548.01

    July 2017
    £10983.76

    August 2017
    £13,640.17

    September 2017
    £12303.59

    October 2017
    £11,151.91

    November 2017
    £14,979.38
    Last edited by kirtsypoos; 01-12-2017 at 12:15 PM.
    £150/3000 OH BC(95% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £150/31010.23 (99.51% paid)
    Mortgage - £160,500.00 (2017 O/P £2475.46) PAYDBX 17 #006 - £18,079.25/14,539.71
Page 117
    • mumofthetwins
    • By mumofthetwins 1st Oct 17, 10:42 AM
    • 880 Posts
    • 3,815 Thanks
    mumofthetwins
    Managed to sell a couple of bits on eBay last night (buy it nows) and used my VSP to make my PAD today of £201.65 ..
    means I have a nice round number on my cc balance (I knew this OCD was good for something lol)
    This time I'm sticking with it !!
    Oct /£300 3NSD
    PAD
    June £3362.78 July £1803.88 Aug £1895 Oct £483.77
    • AdventureWanted
    • By AdventureWanted 1st Oct 17, 3:21 PM
    • 167 Posts
    • 592 Thanks
    AdventureWanted
    £258.99 to CC1 today.
    LBM Aug 2017. DFD - May 2021 / Dec 2021
    CC1 - £971.00 / £5,185 1/8/17. CC2 - £7,020.00 / £13,470 1/8/17. CC3 - £10.940.00 / £11,400 1/8/17
    CC4 - £12,740.00 / £13,000 20/11/17

    1% challenge - 80%. PAD challenge - £2,581.77 (since 13/9/17)
    • IWILLgetthere
    • By IWILLgetthere 1st Oct 17, 4:10 PM
    • 61 Posts
    • 278 Thanks
    IWILLgetthere
    Hello PADders
    I've not been on here for a while as things have been pretty dire and I have basically been sitting with my head in my hands wondering what on earth to do
    My total debt is £11,800 approx (cc's and a loan) and as I have slipped behind on payments am finding it hard to keep up and everything is spiralling out of control - very scary times!!
    I went on the Stepchange website and filled out a budgeting form with them - they advised me to set up DMP and I have just sat and handwritten (can't afford printer ink!) 6 letters to my creditors offering them a proportionate monthly amount from my available funds (eek) - some get £1.60 up to some getting £20.80.I have paid them all their amount online today making my PAD £52.00
    I have not included Next and Littlewoods when writing these letters (now I know a lot of people are going to say this is wrong) beacuse the payments to them are manageable and I really need to keep my accounts open for emergencies - I only ever use them for school shoes/coats, christmas and if I need to replace something like washing machine/fridge etc.
    Will post my letters off tomorrow and hope for the best.... I AM VERY SCARED.
    If anyone has any advice of any type I welcome it!!! xx
    • cufc_mike
    • By cufc_mike 1st Oct 17, 11:00 PM
    • 375 Posts
    • 1,968 Thanks
    cufc_mike
    £5.21 off my cc today.
    Make £300 December Challenge: £347.74 / £300 (£2,499.07 since Aug '17) | PAD'ing since August 2017: £1,763.19
    Mortgage Overpayments: £408.67 | £237.64 Interest Saved
    Mortgage End Date: Was 01/06/2033 -> Now: 01/03/2033 (reduced by 2 months by PAD'ing)
    • LittleMissDetermined
    • By LittleMissDetermined 2nd Oct 17, 5:52 AM
    • 1,823 Posts
    • 7,627 Thanks
    LittleMissDetermined
    First working day of the month so £325.80 to various places for me please

    LMD x
    Target Debt Free Day 27th Jun 2019
    Life gets in the way...PADding is addictive... Saving's better than spending...

    £1000 EF Challenge #142 £1285/£1000 ... 3-6Mth Wages Challenge #4 £4100/£7129...
    24 months of Debt-busting to go...
    • AdventureWanted
    • By AdventureWanted 2nd Oct 17, 6:37 AM
    • 167 Posts
    • 592 Thanks
    AdventureWanted
    Morning everyone,
    Hope you all had a good weekend. Just paid an additional £5.50 off CC1.

    AW
    LBM Aug 2017. DFD - May 2021 / Dec 2021
    CC1 - £971.00 / £5,185 1/8/17. CC2 - £7,020.00 / £13,470 1/8/17. CC3 - £10.940.00 / £11,400 1/8/17
    CC4 - £12,740.00 / £13,000 20/11/17

    1% challenge - 80%. PAD challenge - £2,581.77 (since 13/9/17)
    • jet9cat
    • By jet9cat 2nd Oct 17, 6:39 AM
    • 1,368 Posts
    • 10,180 Thanks
    jet9cat
    So welcome to October everyone, let's see what we can do this month towards smashing this debt and letting us all sleep easier. Any advice/encouragement for those struggling always welcome. We got off to a good start with payments yesterday of


    £532.85
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • jet9cat
    • By jet9cat 2nd Oct 17, 6:41 AM
    • 1,368 Posts
    • 10,180 Thanks
    jet9cat
    My own payment today is £30 to the EF




    Iwillgetthere - really feeling for you and hoping you have support through this. Have you posted on the DFW board for help and support? There's plenty there with experience of working with Stepchange or doing DMPs that will have help and advice. Hope the DMP is the start of seeing light at the end of the tunnel.
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • dg1019
    • By dg1019 2nd Oct 17, 10:28 AM
    • 100 Posts
    • 570 Thanks
    dg1019
    £25 to card 4 for me today please jet9cat
    LBM 24/07/17
    02/10/17: CC1=£1879.68 CC2=£3351.56 CC3=£1849.28 CC4=£2337.38 OD=£0 Total=£9417.90 / £11763.90 (19.94% repaid)
    • erin_transport
    • By erin_transport 2nd Oct 17, 10:45 AM
    • 348 Posts
    • 1,630 Thanks
    erin_transport
    Morning
    Just a little banking tidy up this morning
    £1 to cc
    £1.27 to savings
    £2.27 total for me today
    On a mission!
    • mumofthetwins
    • By mumofthetwins 2nd Oct 17, 11:56 AM
    • 880 Posts
    • 3,815 Thanks
    mumofthetwins
    took the plunge and paid £200 off cc .. this means that the remaining balance after my 0% BT has now been cleared ..


    now to start chipping at that one ..


    Lisa x
    This time I'm sticking with it !!
    Oct /£300 3NSD
    PAD
    June £3362.78 July £1803.88 Aug £1895 Oct £483.77
    • mandz1
    • By mandz1 2nd Oct 17, 9:57 PM
    • 2,504 Posts
    • 10,893 Thanks
    mandz1
    Late payment of £12.36 to cc2 please
    PAD Maker
    SPC 570
    • sashanut
    • By sashanut 2nd Oct 17, 11:52 PM
    • 2,619 Posts
    • 24,394 Thanks
    sashanut
    Hi all!

    Back from hols for a while now - please put me down for a little £2 PAD - 1 x £2 coin into VW campervan moneybox please Jet - thankyou!!

    PS didn't want to post & run iwillgethere - you have taken the bull by the horns by contacting Stepchange, please take help & advice from them & the DFW board as well. Come on here & post, you will get loads of support. I did this when my debt was so bad I couldn't sleep. Best thing I ever did..
    New start JAN15 - NOT BUYING IT 2015 . 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
    • cufc_mike
    • By cufc_mike 2nd Oct 17, 11:58 PM
    • 375 Posts
    • 1,968 Thanks
    cufc_mike
    £4.23 off my cc today
    Make £300 December Challenge: £347.74 / £300 (£2,499.07 since Aug '17) | PAD'ing since August 2017: £1,763.19
    Mortgage Overpayments: £408.67 | £237.64 Interest Saved
    Mortgage End Date: Was 01/06/2033 -> Now: 01/03/2033 (reduced by 2 months by PAD'ing)
    • jet9cat
    • By jet9cat 3rd Oct 17, 6:17 AM
    • 1,368 Posts
    • 10,180 Thanks
    jet9cat
    Morning all you lovely PADers!


    Yesterday we totalled £607.16 positive payments.
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • jet9cat
    • By jet9cat 3rd Oct 17, 6:19 AM
    • 1,368 Posts
    • 10,180 Thanks
    jet9cat
    Paid £12 off balance cc2 this morning. Payments likely to be a bit more scattered now as I had a good run of survey payouts and various bits of money coming back to me last month but back to building it all back up again now.
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • LittleMissDetermined
    • By LittleMissDetermined 3rd Oct 17, 6:43 AM
    • 1,823 Posts
    • 7,627 Thanks
    LittleMissDetermined
    Morning PADdingtons

    Last of the big ones this month for me today with £539.25 off to various places.

    Have a lovely day

    LMD x
    Target Debt Free Day 27th Jun 2019
    Life gets in the way...PADding is addictive... Saving's better than spending...

    £1000 EF Challenge #142 £1285/£1000 ... 3-6Mth Wages Challenge #4 £4100/£7129...
    24 months of Debt-busting to go...
    • TheMsTeal
    • By TheMsTeal 3rd Oct 17, 11:19 AM
    • 154 Posts
    • 596 Thanks
    TheMsTeal
    Morning All! Token 0.60 to cc.
    Debt Free Day Target: November 2018

    £2 Savers Club 2017: no 41
    • TheMsTeal
    • By TheMsTeal 3rd Oct 17, 12:07 PM
    • 154 Posts
    • 596 Thanks
    TheMsTeal
    Hi IWILLgetthere, From my experience most companies etc are reasonable and will accept even small monthly repayments as long as you show willing and get in touch with them as you have done - no need to be scared, you've done the right thing!
    Debt Free Day Target: November 2018

    £2 Savers Club 2017: no 41
    • mandz1
    • By mandz1 3rd Oct 17, 12:51 PM
    • 2,504 Posts
    • 10,893 Thanks
    mandz1
    £21.24 to very, £35 to cc1 and £25 to cc2 totalling £81.24 today please
    PAD Maker
    SPC 570
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

215Posts Today

1,325Users online

Martin's Twitter
  • Have a lovely weekend folks. Don't do anything (fiscally) that I wouldn't do!

  • RT @thismorning: With his last deals of the year, @MartinSLewis wishes us all a 'very merry Christmas, a happy Hanukkah and a wonderful and?

  • RT @stoneygran: @MartinSLewis I furtively used a pub toilet last night before getting on the bus and felt really guilty!

  • Follow Martin