A Payment A Day Part 5

Paulgonnabedebtfree

What a squeeze here at the moment. I need to pay some cash into my bank account to cover the DDs going out on Sunday night/Monday morning. Over the counter cash clears instantly. I'm not in credit at the bank. This is about staying within my overdraft limit (just). I've been trying to avoid withdrawing cash on my credit card to plug the hole till the cheques clear.
So I've been writing out my sums longhand and was amazed that I may just about be able to avoid using the cc cash.
The DDs going out on Monday total £413.26 (not all PADable).
The available balance + remaining cash I can withdraw from my business account + cash in my pocket totals £410. I have just been sitting here quite literally counting out small change to put in £1 bags. With that and a few £1 and 50p coins, I have scraped in - just LOL. I thought I was going to knock on my friend's door to borrow a fiver till Monday but won't need to do that now.
The daft thing is that I have well over a grand in the business account but it won't clear in time.
It has really brought it home to me just how much I am determined to sort out this problem. I will do it even if I have to live on pasta, rice, eggs, fruit,veg and pulses and stay indoors for weeks. There was a time I would have just popped the cc into the hole in the wall and not even thought about the eventual consequences.
Realistically, it won't be for another year yet when I will be able to feel that things are really turning round. Will need to get a couple of, as yet, uncalculated tax bills out of the way first. They will be quite large.

LondonAndy

Hiya folks.

Missed posting yesterday as went for a little pub trip afterwork. Did PAD £21 though via t'internet. Great news yesterday that I don't owe the old employer as much as I had stashed in my ISA as a guesstimate, so today I have made a nice PAD of £100 to the Cap1 - it's almost gone - this month hopefully!

Have a great Saturday everyone.

Purple my PAD is £121 please!

*Jellie*

PAD of £10 today

tattycath

Hi all. Just quickly read last couple of pages...Do you really make payments of less than a couple of quid to creditors please? not being pedantic (sp).
Do the creditors not mind/penalise for the nominal amounts?
I am asking because I think this thread sounds great and i am just starting to make regular overpayments to the mortgage etc (trying to catch up on arrears accrued) and if I can make smaller payments i will be more likely to make more payments than i do at the moment.
any hints/tips/advice greatly received.
TIA

LondonAndy

tattycath wrote: »

Hi all. Just quickly read last couple of pages...Do you really make payments of less than a couple of quid to creditors please? not being pedantic (sp).
Do the creditors not mind/penalise for the nominal amounts?
I am asking because I think this thread sounds great and i am just starting to make regular overpayments to the mortgage etc (trying to catch up on arrears accrued) and if I can make smaller payments i will be more likely to make more payments than i do at the moment.
any hints/tips/advice greatly received.
TIA

Hiya Tatty! I haven't heard a grumble from Egg, HSBC or Capital1 Cards for daily payments. Cap1 have a £1 minimum credit thats all. If its over the internet its anonymous and they cannot really grumble anyway!

As yours is a mortgage I would have a quick check with them. Or maybe PAD to a savings account each day and send it off monthly as a larger chunky payment?

SarahNeedle1872

Paulgonnabedebtfree wrote: »

What a squeeze here at the moment. I need to pay some cash into my bank account to cover the DDs going out on Sunday night/Monday morning. Over the counter cash clears instantly. I'm not in credit at the bank. This is about staying within my overdraft limit (just). I've been trying to avoid withdrawing cash on my credit card to plug the hole till the cheques clear.
So I've been writing out my sums longhand and was amazed that I may just about be able to avoid using the cc cash.
The DDs going out on Monday total £413.26 (not all PADable).
The available balance + remaining cash I can withdraw from my business account + cash in my pocket totals £410. I have just been sitting here quite literally counting out small change to put in £1 bags. With that and a few £1 and 50p coins, I have scraped in - just LOL. I thought I was going to knock on my friend's door to borrow a fiver till Monday but won't need to do that now.
The daft thing is that I have well over a grand in the business account but it won't clear in time.
It has really brought it home to me just how much I am determined to sort out this problem. I will do it even if I have to live on pasta, rice, eggs, fruit,veg and pulses and stay indoors for weeks. There was a time I would have just popped the cc into the hole in the wall and not even thought about the eventual consequences.
Realistically, it won't be for another year yet when I will be able to feel that things are really turning round. Will need to get a couple of, as yet, uncalculated tax bills out of the way first. They will be quite large.

Paul, you always come across as being so positive despite the juggling you have to deal with - you always seem to be waiting for cheques to clear! You are doing really well

Sx

sashybo

Hi all, just 50p to Barclaycard today. Going out for lunch in a bit :beer: I like weekends.

mummy2mygirls

£3.58 for me today rounding down the bank account to a nice even number... will be going towards the abbey cc

mswan

Hi everyone, £2 for me today

How are you all going to cope with Christmas, I was thinking of splitting my Pad's to help pay for it as I have nothing saved. Any tips would be great. I do go on the grabbit board and have grabbed a couple of bargains but my lot are older so it's cash they need now.

Thanks for all the support

Paul - you have a fantastic attitude well done and keep it up :T
Fellow padders thanks for your help so far as soon as I get the hang of it hopefully I will be able to help others as you have all helped me:D

Going to see sick dog tomorrow, I havent seen him since Tuesday but the vet says he is doing well yay

Paulgonnabedebtfree

tattycath wrote: »

Hi all. Just quickly read last couple of pages...Do you really make payments of less than a couple of quid to creditors please? not being pedantic (sp).
Do the creditors not mind/penalise for the nominal amounts?
I am asking because I think this thread sounds great and i am just starting to make regular overpayments to the mortgage etc (trying to catch up on arrears accrued) and if I can make smaller payments i will be more likely to make more payments than i do at the moment.
any hints/tips/advice greatly received.
TIA

I set up bill payments to them on my bank account and pay them online as and when I feel like it. If it's 1p, so be it. If they don't want it, they can always send it back. I see that some companies have a £1 minimum. Not sure if they could actually do anything about it if you paid by internet banking rather than by their own website. Of course, if they want to count 1p as £1 then that's just fine as I would pay 1p every time . The danger being that banks may one day start charging for each transaction or the card companies may makew a charge for receiving a payment below a certain amount. I think this would be some way off as I don't think any banker would dare to start causing grief at the moment. The press would stamp on them in an instant.