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  • FIRST POST
    • kirtsypoos
    • By kirtsypoos 22nd Jan 17, 3:05 PM
    • 3,099Posts
    • 13,799Thanks
    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 145
    • cufc_mike
    • By cufc_mike 28th Nov 17, 12:06 AM
    • 378 Posts
    • 1,983 Thanks
    cufc_mike
    The total payments for Monday 27th November:
    £430.64



    CURRENT NOVEMBER TOTAL:
    £10,924.91

    Last edited by cufc_mike; 28-11-2017 at 12:17 AM.
    Make £300 December Challenge: £375.66 / £300 (£2,526.99 since Aug '17) | PAD'ing since August 2017: £1,791.11
    Mortgage Overpayments: £436.59 | £253.62 Interest Saved
    Mortgage End Date: Was 01/06/2033 -> Now: 01/03/2033 (reduced by 3 months by PAD'ing)
    • sashanut
    • By sashanut 28th Nov 17, 12:07 AM
    • 2,619 Posts
    • 24,394 Thanks
    sashanut
    Hi all

    Popping in to PAD - £6.00 3 x £2 coins into VW campervan moneybox - plz cufc_mike - tkyou!!

    cufc_mike huge congratulations on clearing your CC !!!
    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
    • LittleMissDetermined
    • By LittleMissDetermined 28th Nov 17, 5:28 AM
    • 1,824 Posts
    • 7,634 Thanks
    LittleMissDetermined
    Well done cufc_mike!!

    My pad is £425 to the credit cards today
    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...
    • JAMIEDODGER
    • By JAMIEDODGER 28th Nov 17, 5:31 AM
    • 4,120 Posts
    • 17,993 Thanks
    JAMIEDODGER
    £2.49 for me today please
    #185 12k in 2017 - £6300/£8000
    • mandz1
    • By mandz1 28th Nov 17, 7:28 AM
    • 2,504 Posts
    • 10,894 Thanks
    mandz1
    Well done mike on clearing the cc.
    £2.40 to cc2 for me please plus £20.00 standard debt payment
    PAD Maker
    SPC 570
    • kirtsypoos
    • By kirtsypoos 28th Nov 17, 9:12 AM
    • 3,099 Posts
    • 13,799 Thanks
    kirtsypoos
    Massive congrats cufc_mike - it's the best feeling isn't it?!

    £20 to spendy CC for me today please
    £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
    • TheMsTeal
    • By TheMsTeal 28th Nov 17, 9:13 AM
    • 156 Posts
    • 609 Thanks
    TheMsTeal
    Loose change: 24p to cc please.
    Debt Free Day Target: November 2018

    £2 Savers Club 2017: no 41
    • Picklepot
    • By Picklepot 28th Nov 17, 1:12 PM
    • 288 Posts
    • 4,107 Thanks
    Picklepot
    Hi all
    Can i return please?..
    I have been missing in action saving an emergency fund.
    I cant pay off much but i do check my banks daily so figured even if i did a round down every day that would still mount up by the end of the month to pay off CC no 1 which is 0% until 2019.
    • Picklepot
    • By Picklepot 28th Nov 17, 1:24 PM
    • 288 Posts
    • 4,107 Thanks
    Picklepot
    £1.89

    Tidy up and round down of accounts
    • AdventureWanted
    • By AdventureWanted 28th Nov 17, 3:48 PM
    • 170 Posts
    • 598 Thanks
    AdventureWanted
    £5 paid to CC1 today.
    • ahall3519
    • By ahall3519 28th Nov 17, 5:43 PM
    • 190 Posts
    • 674 Thanks
    ahall3519
    Good evening everyone! Hope everyone is well! Well done cufc_mike

    Please put me down for £5 to the usual debt two and also £5 to the OH's CC. Thanks!
    Barclaycard Debt as of April 2016-£1008.07 As of 30th January 2017=100% paid

    Lloyds CC Debt number 2 as of January 2017-£1757.96 As of December 2017-£55.36=97% paid

    OH's Sainsbury's CC total-£1189.53 debt=£961.05=19% paid
    • jet9cat
    • By jet9cat 28th Nov 17, 8:52 PM
    • 1,369 Posts
    • 10,193 Thanks
    jet9cat
    Huge congrats on clearing the cc cufc-mike, bet that feels good.


    Welcome back Picklepot - you know the rules - you might take a break but you never really leave PADding.


    £5 to the cc for me please.
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • cufc_mike
    • By cufc_mike 28th Nov 17, 9:32 PM
    • 378 Posts
    • 1,983 Thanks
    cufc_mike
    Huge congrats on clearing the cc cufc-mike, bet that feels good.
    by jet9cat
    Massive congrats cufc_mike - it's the best feeling isn't it?!
    by kirtsypoos
    Unbelievable feeling. Can't wait to start hitting my mortgage now. Phoned up today to get details for making overpayments, so ready to make my first PAD towards that tonight

    Hi all
    Can i return please?..
    I have been missing in action saving an emergency fund.
    I cant pay off much but i do check my banks daily so figured even if i did a round down every day that would still mount up by the end of the month to pay off CC no 1 which is 0% until 2019.
    Originally posted by Picklepot
    Of course, welcome back As you say, every little helps. Good luck!
    Make £300 December Challenge: £375.66 / £300 (£2,526.99 since Aug '17) | PAD'ing since August 2017: £1,791.11
    Mortgage Overpayments: £436.59 | £253.62 Interest Saved
    Mortgage End Date: Was 01/06/2033 -> Now: 01/03/2033 (reduced by 3 months by PAD'ing)
    • cufc_mike
    • By cufc_mike 28th Nov 17, 10:51 PM
    • 378 Posts
    • 1,983 Thanks
    cufc_mike
    So I've set up a new savings account in my Halifax Online, specifically for Mortgage Overpayments, and have made my first PAD of £14.95 into there. With my CC, I would just make the PAD direct off that each day. With the mortgage overpayments I think I'll build them up in this savings account until I get a few hundred, and then make a one off PAD. I can make £3,350 of overpayments between now and 01/08/2018 without incurring any charges, so don't think that'll be anything to worry about

    So day 1 of my new adventure...£14.95 towards my mortgage

    As November draws to a close - I've really enjoyed doing this daily, and look forward to doing so again - but we now need a volunteer to tot up the totals throughout December. Any takers?
    Make £300 December Challenge: £375.66 / £300 (£2,526.99 since Aug '17) | PAD'ing since August 2017: £1,791.11
    Mortgage Overpayments: £436.59 | £253.62 Interest Saved
    Mortgage End Date: Was 01/06/2033 -> Now: 01/03/2033 (reduced by 3 months by PAD'ing)
    • sashanut
    • By sashanut 28th Nov 17, 11:42 PM
    • 2,619 Posts
    • 24,394 Thanks
    sashanut
    Hi all

    Popping in to PAD - £25.30 pmt to M&S cc - plz cufc_mike - tkyou!!
    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
    • LittleMissDetermined
    • By LittleMissDetermined 29th Nov 17, 6:42 AM
    • 1,824 Posts
    • 7,634 Thanks
    LittleMissDetermined
    Morning!

    £250 sent to my 3-6montj wages savings pot today

    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...
    • mandz1
    • By mandz1 29th Nov 17, 7:58 AM
    • 2,504 Posts
    • 10,894 Thanks
    mandz1
    Morning you lovely lot
    £22.60 to cc2 today please
    PAD Maker
    SPC 570
    • TheMsTeal
    • By TheMsTeal 29th Nov 17, 8:05 AM
    • 156 Posts
    • 609 Thanks
    TheMsTeal
    Loose change: 30p to cc please.
    Debt Free Day Target: November 2018

    £2 Savers Club 2017: no 41
    • Picklepot
    • By Picklepot 29th Nov 17, 9:53 AM
    • 288 Posts
    • 4,107 Thanks
    Picklepot
    63p

    bank round down for me today please
    Thank you for the welcomes
    Last edited by Picklepot; 29-11-2017 at 9:57 AM.
    • mandz1
    • By mandz1 29th Nov 17, 10:35 AM
    • 2,504 Posts
    • 10,894 Thanks
    mandz1
    hi, another payment today of £7.40 to the very account
    PAD Maker
    SPC 570
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