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  • FIRST POST
    • kirtsypoos
    • By kirtsypoos 22nd Jan 17, 3:05 PM
    • 3,087Posts
    • 13,766Thanks
    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.
    £175/3000 OH BC(94.16% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £175/31010.23 (99.43% paid)
    Mortgage - £161,000.00 (2017 O/P £3191.73) PAYDBX 17 #006 - £17,910.81/14,539.71
Page 148
    • kirtsypoos
    • By kirtsypoos 4th Dec 17, 10:00 AM
    • 3,087 Posts
    • 13,766 Thanks
    kirtsypoos
    Morning all!

    £75 paid off our flights credit card today please
    £175/3000 OH BC(94.16% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £175/31010.23 (99.43% paid)
    Mortgage - £161,000.00 (2017 O/P £3191.73) PAYDBX 17 #006 - £17,910.81/14,539.71
    • erin_transport
    • By erin_transport 4th Dec 17, 2:19 PM
    • 342 Posts
    • 1,620 Thanks
    erin_transport
    Afternoon all
    £58 to cc
    £18 to mortgage over payment
    £78 total for me today
    On a mission!
    • LittleMissDetermined
    • By LittleMissDetermined 4th Dec 17, 3:09 PM
    • 1,821 Posts
    • 7,617 Thanks
    LittleMissDetermined
    £2.67 to piglet bank today

    LMD xx
    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...
    • jet9cat
    • By jet9cat 4th Dec 17, 7:35 PM
    • 1,361 Posts
    • 10,153 Thanks
    jet9cat
    Total for 3rd December was £375.15
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • taskey
    • By taskey 4th Dec 17, 7:41 PM
    • 81 Posts
    • 179 Thanks
    taskey
    £10 towards Santander cc
    Last edited by taskey; 04-12-2017 at 7:43 PM. Reason: Highlight text
    £1 a day for Xmas 2018 #9 £7/£365 As at 7/12/17
    DEC 17 1 - Overdraft £1 p/day when used £650 2 - Next account £108.99 3 - Argos card 0% interest till Oct 18 £369.52 4 - Tesco CC 0% interest till nov 18 £2207.33 5 - Loan d/d set up and paying till 1/7/20 6 - Mortgage - looking to pay extra per month/day
    • AdventureWanted
    • By AdventureWanted 4th Dec 17, 9:23 PM
    • 158 Posts
    • 577 Thanks
    AdventureWanted
    £131 paid to CC1 today.
    • ahall3519
    • By ahall3519 4th Dec 17, 9:45 PM
    • 189 Posts
    • 668 Thanks
    ahall3519
    Good evening everyone! Thanks Jet for being counter upper this month!

    Please put me down for £25 to my usual debt two and also £20 to the OH's CC.

    Mine is nearly gone! Woo hoo! And we've gone under the £1000 mark on the OH's CC!
    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=£969.55=18% paid
    • cufc_mike
    • By cufc_mike 4th Dec 17, 10:52 PM
    • 361 Posts
    • 1,944 Thanks
    cufc_mike
    £2.30 mortgage overpayment today.

    So according to a spreadsheet I found on MSE which helps calculate mortgage overpayments, and the impact they will have, I have already reduced the length of my 17 yr mortgage by 1 month. I'm going to enjoy these overpayments
    Make £300 December Challenge: £212.37 / £300 (£2,363.97 since Aug '17) | PAD'ing since August 2017: £1,628.09
    Mortgage Overpayments: £273.57 | £159.70 Interest Saved
    Mortgage End Date: Was 01/06/2033 -> Now: 01/04/2033 (reduced by 2 months by PAD'ing)
    • Cazzell
    • By Cazzell 5th Dec 17, 5:51 AM
    • 45 Posts
    • 307 Thanks
    Cazzell
    Morning all. Todays PAD is £41.23 to CC2 please.
    Proud to be dealing with my debts
    Snowball amount £25548.54
    PAD Challenge £956.15(Oct - Dec 2017)
    1% Challenge so far 11%(Oct - Dec 2017)
    • LittleMissDetermined
    • By LittleMissDetermined 5th Dec 17, 6:28 AM
    • 1,821 Posts
    • 7,617 Thanks
    LittleMissDetermined
    Morning everyone

    My offering today is £39.26 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...
    • TheMsTeal
    • By TheMsTeal 5th Dec 17, 10:29 AM
    • 151 Posts
    • 586 Thanks
    TheMsTeal
    £5 to regular payment.
    Debt Free Day Target: November 2018

    £2 Savers Club 2017: no 41
    • Florence J
    • By Florence J 5th Dec 17, 2:01 PM
    • 1,794 Posts
    • 10,172 Thanks
    Florence J
    £30 to Mr T CC. Last official payment of the year!
    Sealed Pot Challenge 11 #553
    £1000 Emergency Fund Challenge #253
    Wombling free 2017 = £2110.15
    Pay off all your debts by Xmas 2017 #53 (£3133.08/£3000)
    November 2017 Credit Card Debt: £3980
    • catlady1990
    • By catlady1990 5th Dec 17, 2:52 PM
    • 83 Posts
    • 341 Thanks
    catlady1990
    Not been on for a while but just my usual £3 to mum's debt today. It's slowly going down and I've managed to pay off one cc which is great so I'm getting there. Only two more cc's to pay off, by which time (hopefully my loan will be paid off). I aim to be debt free by may 2019 :-)
    Cc debt £8700
    Loan £2261
    Bank of mum £1100/ £2000
    • taskey
    • By taskey 5th Dec 17, 3:17 PM
    • 81 Posts
    • 179 Thanks
    taskey
    £0.91 bank round down towards next account
    £1 a day for Xmas 2018 #9 £7/£365 As at 7/12/17
    DEC 17 1 - Overdraft £1 p/day when used £650 2 - Next account £108.99 3 - Argos card 0% interest till Oct 18 £369.52 4 - Tesco CC 0% interest till nov 18 £2207.33 5 - Loan d/d set up and paying till 1/7/20 6 - Mortgage - looking to pay extra per month/day
    • jet9cat
    • By jet9cat 5th Dec 17, 5:28 PM
    • 1,361 Posts
    • 10,153 Thanks
    jet9cat
    Welcome to newbies and occasional posters joining in.


    Well done ahall - always nice to see milestones reached and real progress being made.


    cufc-mike - sounds really motivating calculating the difference the payments will make.


    We are being quite consistent - yesterday's total was £373.72
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • AdventureWanted
    • By AdventureWanted 5th Dec 17, 7:38 PM
    • 158 Posts
    • 577 Thanks
    AdventureWanted
    £32.30 paid to CC1 today.
    • erin_transport
    • By erin_transport 5th Dec 17, 11:22 PM
    • 342 Posts
    • 1,620 Thanks
    erin_transport
    Hi
    £50 to pension pot
    £2 to online savings
    £52 total.
    On a mission!
    • sashanut
    • By sashanut 5th Dec 17, 11:36 PM
    • 2,619 Posts
    • 24,394 Thanks
    sashanut
    Hi all

    Popping in to PAD - £20.00 pmt to M&S cc - plz Jet - 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
    • cufc_mike
    • By cufc_mike 6th Dec 17, 12:05 AM
    • 361 Posts
    • 1,944 Thanks
    cufc_mike
    £7.10 mortgage overpayment today...well technically yesterday (5th)
    Make £300 December Challenge: £212.37 / £300 (£2,363.97 since Aug '17) | PAD'ing since August 2017: £1,628.09
    Mortgage Overpayments: £273.57 | £159.70 Interest Saved
    Mortgage End Date: Was 01/06/2033 -> Now: 01/04/2033 (reduced by 2 months by PAD'ing)
    • beach-holiday
    • By beach-holiday 6th Dec 17, 5:39 AM
    • 135 Posts
    • 468 Thanks
    beach-holiday
    Finally remembering to post

    Just a little £2.11 for me off target CC

    b-h
    #014 SPC10 2017 - £500 target
    1% Challenge - 4% paid (start: £3858; now £3698)

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