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A Payment A Day - Part Six!

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Comments

  • MinniMe_2
    MinniMe_2 Posts: 1,611 Forumite
    Thrifty - i think you should count it, you have worked hard by spending a little less every day and it will give you a boost to see the contribution
    New surname New start!
    Total Debt - [STRIKE]£9999.09 [/STRIKE]now 7633.16 23.66% paid off
  • Afternoon All!

    When I suggested to Jasper to never ever consolidate, I was speaking from (a) a personal point of view as that's how I ended up on here :rolleyes: and (b) that's what most people that I've come across on here think so I've got a seat on the 'don't consolidate' wagon :D

    Anyway, can't pad for just now because I can't get onto online banking so will try again later!

    Hope you all have a fab day! x
    Started PADdin' 13/04/09 paid £7486.66 - CC free 02/11/10
    Aim for 2011 - pay off car loan £260.00 saved
    Nerd No. 1173! :j
    Made by God...Improved by the The Devil :D
  • Flower08
    Flower08 Posts: 4,771 Forumite
    Afternoon All!

    When I suggested to Jasper to never ever consolidate, I was speaking from (a) a personal point of view as that's how I ended up on here :rolleyes: and (b) that's what most people that I've come across on here think so I've got a seat on the 'don't consolidate' wagon :D


    I agree with you completely, i dont really see how anyone could benefit financially by consolidating.
    Biggest Loser Weight Loss: 13 / 20 lb
  • PigginSkint
    PigginSkint Posts: 2,706 Forumite
    Part of the Furniture Combo Breaker
    Hi All

    Todays PADs are £55.17 (£5.17 me and £50 OH) to Evil Egg and £1.17 to Abominable Amex making a total today of £56.34

    I am nearing a milestone with Abominable Amex which is why I am throwing a few little PADS at it!
    PigginSkint's debt free diary
    DFW Nerd 1049 Amazon Sellers Club member 54
    Total mortgage debt: 30/4/17 £14090.77 (Last payment: September 2021)
    LTSB Loan 30/4/17 £6633.71 (reduction by 48%)
    Total credit cards: 30/4/17 £25971.91 :eek:
    Total non-mortgage debt: 30/4/17 £32876.49 :eek:
  • euronorris
    euronorris Posts: 12,247 Forumite
    Part of the Furniture 10,000 Posts Name Dropper PPI Party Pooper
    Flower08 wrote: »
    I agree with you completely, i dont really see how anyone could benefit financially by consolidating.

    It can be beneficial if the circumstances are correct. It depends on the interest applied, the length of the loan, the reason for the debt and the individual's self control.

    Someone has to really have had their LBM for this to work though. ie, gets rid of all other credit and not ask for anymore also.

    Unfortunately, most of us are here because we struggle with the last part and the best solution for us, is to do it the long, hard way.
    February wins: Theatre tickets
  • Hello all - £2.45 for me today.
    Don't worry about typing out my username - Call me COMP
    (Unless you know my real name - in which case, feel free to use that just to confuse people!)
  • nickynoo08
    nickynoo08 Posts: 1,860 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Afternoon everyone,
    £1.50 to my pad acc, £1 to my xmas funds and £1.70 into my pad tin

    Total - £4.20

    Bit of advice please. Made myself an appointment at the bank for next week as i'm a bit confused with the interest rate on my loan. I've been happily paying it since feb this year with some overpayments too but the interest i'm paying doesnt seem to make much sense. I've been looking through my monthly payments and my interest seems to go up and down each month As far as i was aware my interest was fixed till the end of the loan and thought my interest would go down each month accordingly like a credit card would. This is what i've been paying for the last few months
    Aug - £96 min payment £59 interest
    Sept - £96 min payment £62 interest
    Oct - £96 min payment £58 interest
    Nov - £96 min payment £61 inerest
    I nearly died when i was how much interest i was paying each month, no wonder my balance hardly goes down! Is this or does it look right to you? Sorry for all the waffle i just dont want to look a total plank when i go to the bank. Any help much appreciated
    £387.39/£196.46
    Pay my debt by End of Feb 2022
    49.28% paid!

    £199.55/£500 savings by End of April 2022
    39.91% saved!

    Make £2022 in 2022 - £20
  • Silaqui
    Silaqui Posts: 2,778 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi everyone,

    £7 for me today please. Need to sit and do a bit of work now.. is that going to happen i wonder lol

    xx
    Ths signature is out of date because I'm too lazy to update it... :o
  • jo41
    jo41 Posts: 1,172 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi all,
    Welcome to Jasper and any other newbies :hello:
    £20 for me please Sarah to visa .... this is now under four hundred pounds:j I'm really thrilled as I feel that this is the last part of whats been a tough journey.
    I have learnt so much and realise that credit cards aren't as evil as I thought but it was just me not using them properly. When I have cleared this balance, I'm going to keep the card and use it but pay it back each month!
    It's amazing to remember back to how low I was when I first embarked on my DFW journey. I was on the brink of losing everything and just couldn't relax. Now I'm in a better place:D
    Sorry for the long post, it wasn't planned!
    Jo x
  • Flower08
    Flower08 Posts: 4,771 Forumite
    jo41 wrote: »
    Hi all,
    Welcome to Jasper and any other newbies :hello:
    £20 for me please Sarah to visa .... this is now under four hundred pounds:j I'm really thrilled as I feel that this is the last part of whats been a tough journey.
    I have learnt so much and realise that credit cards aren't as evil as I thought but it was just me not using them properly. When I have cleared this balance, I'm going to keep the card and use it but pay it back each month!
    It's amazing to remember back to how low I was when I first embarked on my DFW journey. I was on the brink of losing everything and just couldn't relax. Now I'm in a better place:D
    Sorry for the long post, it wasn't planned!
    Jo x

    :D:DIm really pleased to hear that your feeling so positive!

    Not long now until your debtfree!
    Biggest Loser Weight Loss: 13 / 20 lb
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