A payment a day............

edited 30 November -1 at 1:00AM in Debt-free Wannabe Challenges
4.8K replies 162.7K views
ehallettehallett Forumite
2K Posts
edited 30 November -1 at 1:00AM in Debt-free Wannabe Challenges
............makes the debt go away!!!

I need to start getting rid of my debts again. All my money seems to go on bills and stuff at the moment but I thought if I could just take 1 debt and make a payment to it each and every day then it will soon disappear (in theory!!).

So I am going to try this with my smallest debt first which is my Barclaycard. It currently stand at £389.90.

So I will HAVE to make a payment to this card every day, even if it is just a penny.

Today, I have made a £5 payment from my debit card and another £8 payment via internet banking so my current total is now £376.90.

If anyone wants to join me then you are more than welcome :D .

Emily x

List of challengers:

1. Ehallett
2. Nicnacnoo
3. Tinkabell25
4. Hobsch
5. Postingalwaysposting
6. Mudbath
7. Penguin83
8. Babes21
9. Mizmir
10. Stressedsteph
11. Bowski_1011
12. MissL2
13. Amyandjon
14. Badgerbread
15. Little Pickle
16. Cleosmum
17. CAFCgirl
18. Yogismum
19. Catrin.williams7
20. Scaredandindebt
21. Andan
22. Monday blues
23. Gillypen
24. Welsh-Dragon
25. Angelflower
26. Wleigh
27. Vashda Nerada
28. Emmaglet
29. Littleangels3
30. Pink_fairy
31. Jo1972
32. Aligerdie
33. Greenbynature
34. Runmichellerun
35. Empy
36. Gbatey
37. Aimee-lou
38. Thepinklady
39. Pigginskint
40. Different_corner
41. Mumo5
42. Jak
43. Naomim
44. Buffythedebtslayer
45. Puzzledbubbles
46. Pandapaws
47. Havekidsamskint
48. Sugarpants
49. Rchrisp
50. Iwanttogoonholiday
51. Jo41
52. Lula-Hula
53. Misty Blue
54. Gailey
55. Kalojac
56. Sheepchick
57. Eveie189
58. Redkelly
59. Miemie
60. Moneymuddler
61. Piquant
62. Jo1981
63. Robbda
64. Lunar
65. Elantan
66. Katie2407
67. Pooky
68. Stacy
69. Ally16
70. Stressed.mum
71. Effy
72. Debt Free Dreamer
73. Gelbean
74. Andrinaperry
75. Boo2905
76. Dizzybee
77. Jennyred
78. Sarah_lou_21
79. Cady
80. Icka
81. Chipbeck
82. Lelc
83. Beasygirl
84. Welshmaiden
85. Maz1964
86. Jazza77
87. Girlieindebt
88. Bigbeff
89. Cherry red
90. Falady
91. LittleOne83
92. Flower08
93. Gypsyroseloz
94. Kezia
95. Stargirl29
96. Brummiebabe
97. Rose11
98. Yorkshirecath
99. Granny Grey Beard
100. Bunty109
101. Sazzledazzle
102. Ally67
103. Mumsrus
104. Redmel1621
105. Loobylee
106. Herewegoagain
107. *Mari*
109. Kbarty
110. Mell242
111. BridgetJones
112. Princess Leia
113. Gargrave50
114. Purpleposting4
115. Iwanttosavemoney2008
116. Punkypickle
117. Purpletea65
118. Pippo
119. Maisie M
120. x.xEmmax.x
121. Jacci45
122. Hopeful1
123. Miss R
124. Mumofcookers
125. Kate123
126. Roxy7699
127. Vixsta7
128. Sunny Donny
129. MrsPorridge
130. Searching_me
131. Gilly1964
132. JW1096
133. Mappygirl
134. JTR2803
135. Lornz23
136. Mrs.Aggy
137. Northernspender
138. CharliesAngel
139. Snugglepants
140. Kashton
141. One-day
142. L-M
143. Septemberblues
144. ZoeGirl
145. Charlie030882
146. Citizenb
147. Lilith1980
148. Mumzyof2
149. Magni
150. Glittermonkey
151. Lonestarsky
152. Sams247
153. Nickyhutch
154. Quincifer
155. Gtx
156. Allisonj
157. Tinuel
158. Milliemonster
159. Damita
160. Thegolfingdog
161. Jamiedodger
162. Lysasparkles
«134567476

Replies

  • nicnacnoonicnacnoo Forumite
    408 Posts
    Part of the Furniture Combo Breaker Debt-free and Proud!
    ✭✭
    what a good idea, ive got internet banking and might do this with you, but to clear my credit card, the other 2 debts are overdrafts and i dont want to ring up everyday and ask them to reduce my overdraft by a penny...lol, although could be a laugh!
    Nic
  • ehallettehallett Forumite
    2K Posts
    nicnacnoo wrote: »
    what a good idea, ive got internet banking and might do this with you, but to clear my credit card, the other 2 debts are overdrafts and i dont want to ring up everyday and ask them to reduce my overdraft by a penny...lol, although could be a laugh!
    Nic

    The bank might get so fed up with you that they might pay off your overdrafts for you!! :rotfl:

    How much is on your credit card?
  • I like this idea too, maybe not every day for me as getting to the right places can be a nightmare, but every week i could use all the spare change in my change pot to pay another bit off the credit card, or any leftovers from my daily budget can be used. Thank you for a good idea!!!! I'm really struggling with how to pay my debts back (even though they are tiny in comparison to some) but this may make a slight difference!
    Tink x
    Debt to clear: feels endless...

    Weight loss to go: 42lb/13.5lb

    Maybe someday i'll be skinny, organised and debt free..
    :rotfl:
  • nicnacnoonicnacnoo Forumite
    408 Posts
    Part of the Furniture Combo Breaker Debt-free and Proud!
    ✭✭
    ehallett wrote: »
    The bank might get so fed up with you that they might pay off your overdrafts for you!! :rotfl:

    How much is on your credit card?


    £1455, just went and paid £1 after i read your post :rotfl:
  • HobschHobsch Forumite
    613 Posts
    Its a good idea. I like it. I had thought where I used to spend £1.50 per day on 2 bottles of Coke - and I am trying to reduce the coke completely I could make a payment of the money I save to one of my debts.

    I think I might start to do this now. Well done.
    Total Debt now £22,525.07 Start Debt £32,732.36
    £10207.29 OF DEBT PAID OFF:j 31.18%
  • .... makes my dreams come true :A

    Hi emilly, can I join you? But I am doing a payment a day to my savings... so off I go and transfer £1.40 to my savings account :T
  • MudbathMudbath Forumite
    5.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭✭
    I really like this idea too. My 'debt' is my extra mortgage that we used to get an extension and house repairs. We have a one account so if I leave money in rather than spending it then it reduces the debt. So, i'll join your challenge by not buying things I don't need therefore reducing the debt (if that makes sense!!).

    My first saving is a refund for £174 that I wasn't expecting....I was going to use the money for a treat but that's the start of me paying back the debt. So money saved - £174!! xx
  • MudbathMudbath Forumite
    5.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭✭
    Oooh i've just thought - this will help me shed a few pounds too, if i'm not allowed to spend money on non essentials I can't buy carp to eat!!! That's the theory anyway! xx
  • ehallettehallett Forumite
    2K Posts
    Welcome all :D .

    If you didn't want to physically make a payment off the card/loan/savings etc every day then you could put some money in a pot everyday instead and then maybe pay this money off once a week/fortnight/month - as long as you put something towards it everyday then it counts :D .

    This could work for all sorts of things, loans, credit cards, savings, mortgages, holiday funds etc etc - everyone is welcome :j .

    Emily x
  • penguin83penguin83 Forumite
    4.8K Posts
    Hi Emily - can I join too to get rid of the Dorothy Perkins card. I'll just go and get a correct balance - back in a bit. x x
    Pay Debt by Xmas 16 - 0/12000
    There is something about the outside of a horse that is good for the inside of a man.
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