A Payment A Day - Part Six!

debtbegone

Morning All, flying visit before eleven.

£1 for me today again please

septemberblues

Hello all, £1.30 for pad today, and 11p for penny a day fingy...........

Flower08

Hi £2.35 for me today - will probably update with more later!

Thanks Sarah for the adding up, as usual you are doing a brilliant job. Can i just remind everyone that it makes it alot easier for Sarah to do the adding up of the totals if you put your PAD in bold, colour or large (or all three!)

boysma

Morning all

£10 please to DH cap one cc please Sarah.

Going to start Xmas shopping this weekend though most of you seem to have yours finished:eek:

Have a lovely day despite the weather.

euronorris

Starting talking about buying a place here at lunch and one of my colleagues starting to explain it all to me etc.

Turns out that, on mine and my OH's salary, even taking into account our UK debts, they would potentially lend us just over €350,000!!!! If you remove the debt repayments from the calculation it goes up to €500,000!!!

Now, I earn a decent wage and OH is double mine (lucky thing), but I still didn't think they would lend us that much and they don't want a deposit either!! I think a lot of this is down to the fact that you get a third of the interest (on the monthly mortgage payments)back from the government each month, but even so.

I'm a little freaked out. I'd love for us to buy our own place, but I really don't want to overstretch ourselves. Although, we can make a free appointment with a mortgage advisor and get a lot more info (needed!).

By contrast, I just had a quick look at how much a UK bank would lend us and it's 175,000! Bit of a difference there!

I need to talk to the OH about this but he's in UK on business at the moment. Am nervous though, it seems too good to be true!

Then again, if we could get our own house and the repayments are the same as our rent currently, then this would surely be better for us, no?

Ahhhh, this was confusing enough when I was in England!

PurpleJellyFish

Afternoon,

My PaD for today is £20 please Sarah.

Yeay, Hump Day!

mooomin

psychopathbabble wrote: »

Had a look but couldn't find you as I play farmville far too often!

If you want, PM me your details and I'll look you up on FB when I get home from work (It's blocked so I can't farm, boo!)

Thrifty_Pixie

RillyRillyRillyRilly pleased today :j I had my flat deposit returned to me, and so I immediately made a juicyBouncyLubberly PAD of £600 to my c/c :T It felt so good I may just overdose on smilies. I've left a little of the deposit in my account for now, in case anything drastic should occur between now and payDay, but if it's still there then I will throw the rest at it too. :A The change in my attitude isince 14/9/9 is pretty phenomenal...then I would've immediately bought myself a treat...and now I'm happy just to give it all away again! :rolleyes: And I have all you lot to thank :heartpuls

Hope everyone's well. I'm off to read through the last few posts and try not to gag on all my smileySugaryGooey stuff

*meeeeeeeeeeeeEEEEEEEep*

nickynoo08

Afternoon, right here goes - £11 into xmas fund
- £6 into pad acc
- £30 to catalogue
- £5 into savings
Think thats it for me today, i've prob forgotten something.
I went on to whats the cost again last night and scared myself. If i continue paying 50p a day towards my loan i can shave just over a year off my debt free date which i know is not too bad. It will mean i'll be debt free in 3yrs 7months. Our fixed mortgage rate ends feb 2011 and if we want to stand any chance of getting a decent rate or possibly moving we really need to be debt free by then, meaning i need to find an extra £300 to go towards our debt. As things stand ( i did my sums last night) i should be able to pay an extra £170-£200 depending on o/t but i'm not. Our money just seems to be dissapearing. I'm careful with food spends and dd's are always the same, yes we've had a few unexpected payments to payout last month and the month before but icant figure out where the rest seems to have gone especially when i know it could of helped to pay more off our loan. Looks like i'm gonna have to do some digging. I'm hoping once xmas is over i can really crack on with paying this loan off.
Sorry for waffling i was just a bit miffed that we could have paid an extra £500-£700 off our loan that we appear to have just frittered away:(

euronorris

Hey nickynoo, I think you need to do a spending diary to find out where this money is going. It should certainly help