A Payment a Day -Part Seven!

Greenbynature

Hopeful1 wrote: »

I would bite his hand off!!!! I understand your worries though, so why not talk to him about that sort of thing before you agree? Also, agree a minimum amount you can definitely afford and then if you can pay extra at any point, then all the better. Your OH half obviously wants to help you out or he wouldn't have offered. I'm sure you've said before that he's quite tight, so this is obviously a big thing for him. I would go for it Green as it's a big monthly saving.

Thanks hopeful - I did talk to him over the weekend and went to his yesterday cos the way I tried to tell him how I felt about his offer came across to him as me being an ungrateful cow I wasn't and am extremely grateful - I'm just worried about it all - I am a worrier by nature (should have called myself worrierbynature instead of green )

He has quite a bit of money in various savings accounts and he's not getting much interest at the moment so he said he'd rather help me and as he's never been in debt or had a credit card he's horrifed by the interest rates. We've discussed how I'll pay him back - and I mentioned pad - I don't think he was too impressed by it - hence a few heated arguments! But like I tried to point out to him what difference does it make if I make small daily payments or one big payment a month??? I find it easier making the daily ones than trying to find one big lump sum every month - if that makes sense?!!? I've found pad has helped me loads since I started it.
He's got an empty savings account that I'll pay money into and I'm going to add his debt to my snowball account to keep us straight.

SarahNeedle1872 wrote: »

I agree with Hopeful, sort out some of the smaller details like that, then go for it! With a minimum agreed amount, he'll probably appreciate it if you do manage to pay off more

Sx

Thanks sarah

flying_fresian wrote: »

Take the loan!

What I would do though is this...

1. Arrange a fixed monthly payment for you to give him
2. Make up a written agreement about how much you will pay him and keep a note of the payments
3. Remember the cardinal rule of clothes shopping - if they ask it cost you 50% less than you spent :A

Thanks ff

1. He said he's happy for me to pay whatever I can afford every month - I said I'd pay at least what the minimum monthly payments were on the cards and also any extra cash I had would go to it as well.

2. Am paying it all into his empty savings account and will be adding it to my snowball account every time I make a payment

3. :rotfl::rotfl: I always do that or it goes in the wardrobe for awhile and then when I do wear it and he says is that new I say er no I've had it ages :rotfl:

gilligansyle

green sometimes its hard to explain to people how you personally manage your debts. My sister can't understand why if I can pay £200 by padding I can't just pay a one off figure of £200, but it works for me. But then she does work in a bank and owes nothing except her mortgage, and has university funds for the kids, and ISA's and shares etc.

do whatever works for you, but if you will pay off your debts faster by doing it, I would bite his hand off too!

mswan

Hi, Pad of £4.05 to cc rounding down my account, I am actually looking forward to my statement this month, I am really hoping it goes below the £1000 mark

Jo41 it is really inspiring to see you padding to your savings as it gives me the encouragment to know I can get there too

Thrifty_Pixie

Greetings peeps!

My PAD today is a wee £4.31 into my pot please

I need to have a good sort through my wardrobe and book collections to weed out everything unnecessary, and was wondering about people's experiences on eBay? I've sold a couple of things many years ago, but thought the listing/fees/invoices/packaging/postage to be all a bit much and was wondering if anyone had some tips or tricks to make it all easier, or simpler? I really want to declutter and will donate quite a few bits, but some are just too good to give away, if you know what I mean?

Anyhoo, congrats to everyone who has paid things off, and a big WELCOME finally to rictus123 for dipping your toes into the World of PAD. You will be surprised at how addictive it is!

Have a wonderful day everyone

*meep*

tomtombeanie

afternoon all!

will catch up on the posts in a minute, but wanted to post my PAD for today...

OH has had another unexpected bonus (:D:j:j:j:D) so this is what i have done with it...

£253.78 to clear both remaining interest free plans with argos, £50.00 to DS1 savings, £50.00 to DS2 savings (both those were borrowed to pay the cash deposit for the puppy and forgot to replace before now :o:o), £300.00 to temporary savings for leah's spaying and hernia op, £255.00 to temporary savings for OH's diving course, £150 to temporary savings for new wardrobe for OH to hang his diving gear in and £2000 to proper savings (i.e. i shouldn't be taking it back out again anytime soon!)

...so PAD of £3058.78 from me today, please! back to pennies in the morning...

now i can start overpayments on the mortgage again, this is once again our only debt and i want to see it below 100k asap. not far to go but the interest is (as is usually the case in the first half of the lifetime of the mortgage, i think) way more that what we are actually paying off the debt so it comes down so slowly...

i confess i also bought myself a bottle of soap and glory perfume for a tenner from boots (on offer, though!) as a little treat... :j

so it's a happy tuesday here and the sun is shining as a bonus! hope everyone else having a good day too... xxx ttb

Greenbynature

gilligansyle wrote: »

green sometimes its hard to explain to people how you personally manage your debts. My sister can't understand why if I can pay £200 by padding I can't just pay a one off figure of £200, but it works for me. But then she does work in a bank and owes nothing except her mortgage, and has university funds for the kids, and ISA's and shares etc.

do whatever works for you, but if you will pay off your debts faster by doing it, I would bite his hand off too!

thanks gilli and I'm glad I'm not the only one who seems to find it easier to pay by the pad method than paying a big lump sum every month. I think it doesn't seem quite so overpowering when it's small amounts at a time.
And yes it will help me pay off my debt quicker cos there'll be no massive interest rates to add on every month!

lemma1968

£100 to HMRC arrears please

Greenbynature

tomtombeanie wrote: »

afternoon all!

will catch up on the posts in a minute, but wanted to post my PAD for today...

OH has had another unexpected bonus (:D:j:j:j:D) so this is what i have done with it...

£253.78 to clear both remaining interest free plans with argos, £50.00 to DS1 savings, £50.00 to DS2 savings (both those were borrowed to pay the cash deposit for the puppy and forgot to replace before now :o:o), £300.00 to temporary savings for leah's spaying and hernia op, £255.00 to temporary savings for OH's diving course, £150 to temporary savings for new wardrobe for OH to hang his diving gear in and £2000 to proper savings (i.e. i shouldn't be taking it back out again anytime soon!)

...so PAD of £3058.78 from me today, please! back to pennies in the morning...

now i can start overpayments on the mortgage again, this is once again our only debt and i want to see it below 100k asap. not far to go but the interest is (as is usually the case in the first half of the lifetime of the mortgage, i think) way more that what we are actually paying off the debt so it comes down so slowly...

i confess i also bought myself a bottle of soap and glory perfume for a tenner from boots (on offer, though!) as a little treat... :j

so it's a happy tuesday here and the sun is shining as a bonus! hope everyone else having a good day too... xxx ttb

Go you tomtom :T:T

tomtombeanie

Paulgonnabedebtfree wrote: »

Glad to hear you're up and running again. 2 weeks off. Lovely if it's with full pay

hear hear! glad you're sorted and hope you can put your feet up a bit while you are at home! xx

tomtombeanie

SarahNeedle1872 wrote: »

I agree with Hopeful, sort out some of the smaller details like that, then go for it! With a minimum agreed amount, he'll probably appreciate it if you do manage to pay off more

Sx

me too! i think i would put a little something on paper just to make it a bit "official" and draw up some kind of repayment plan - saving that much interest would be fab and give you the chance to pay debt off faster and have the odd treat, too.