A Payment A Day - Part 8!

sug4r_p1um

Hi all.

PAD today of £4.86. Fanks muchly peeps :A

catspaw

£3.97 for me today please

saorsie

Ooooh that was awful - forgot to subscribe to the new thread yesterday and couldn't find you all initially - sniiiiif!

Anyway PAD for today is £8.29 please COMP - £5 to car tax fund and £3.29 to VSP
-s-

I-need-to-make-£

Hi everyone, never come across this little thread until now and to be honest the title certainly stood out at me!!!! I was so intrigued that I thought I would write to find out more!!!

I currently have just over £4000 on a credit card and a loan which I am paying off every month. The credit card is going down but not quick enough.

Could I ask exactly how do you decide how much you can pay every day and also do you psyhically pay everyday or put the money away to pay when the bill comes in?

I am trying to really focus on changing my ways as have a bump and want to not worry about the debt when go on mat leave.

Thank you for your help!!!! :beer:

psychopathbabble

Hi INTM£

Welcome to the thread! :wave:

Everyone does their pad differently so it's entirely up to you! I personally transfer the money each day as I need to keep track of my various accounts. Others pay a lump each each and split it into days (for example £7 paid = £1 daily pad). You can also stick it in a pot or savings account and just pay a lump sum at the end of the month.

The choice is yours! Only rule is to make the pad colourful, bold, big or all three to make it easy for the counter-upper.

There is also now a pad refuge thread in the moneysaving arms to keep this thread relatively chat free.

Good luck!

sashybo

psychopathbabble wrote: »

Good luck Sashybo.. you will be fine. Thinking of you :grouphug: xx

SarahNeedle1872 wrote: »

Good luck Sashy, I hope it doesn't stress you out too much.... any news on the reference for the admin bank yet?

Sx

Thanks psycho and Sarah. :beer: I'm hoping it should be ok, only 2 hours, that's what I'm telling myself anyway!

No still not heard from admin bank so assuming they still haven't got the reference. :mad: Think I will email them and ask if I can get a reference from somewhere else instead as it doesn't look to be forthcoming!

psychopathbabble

£2.25 please clearing, rounded up my (overspent) weekly budget and put it in my pot. Pads will be pretty tiny for the rest of the month (Except for my deposit when I get it back).

Happy padding all... see you in a week!

Silaqui

nickynoo08 wrote: »

getting fed up now and OH and ds are getting sick of putting my socks on me coz i can no longer reach my feet:rotfl:

OMG!!! It's stuff like that that seriously scares me off ever getting pregnant - seriously you can't even reach your own feet? How do you shave your legs?? :eek:

I've had a really long and busy day today - it's hand in next week so I've had students in panicking about cousework at break, lunch and after school! Just got in and sat down for 5 mins, gonna make some h/m chicken and veg soup in a bit.

Pad of just 50p today please because I ordered my mum's flowers today for Sunday :Axx

Paulgonnabedebtfree

Greenbynature wrote: »

Morning all

Well done on the 5k Piggin :T I'm amazed at where the money went before I joined mse and the amount I've paid off by joining PAD

Paul - who do you have your mortgage with??? My payments have gone down from over £400 a month to approx £240 interest on mine is 3.75% Am dreading interest rates going up again

Pad today is £1.60 tin, 68p jar and £2 cap1


£4.28

Funnily enough, my mortgage is with a lender that has had some flak. I didn't even realise I had a lifelong tracker (albeit a not exceptionally attractive one) until about a year ago. The company is Redstone. Originally the mortgage was with Amber but they tend to sell on to Redstone as I later discovered. Hmm. Amber > Redstone?? Maybe it will get sold on to Greenfly next. As things go, quarterly LIBOR + 2% is not too bad a deal these days, now that so many companies regard their SVRs as a chance to screw what they can from the mortgagees. It's not great protection but at least it's something. Originally my deal was for 5.45% fixed for three years followed by the tracker. Mortgage rates started to plummet around the time my fixed rate was ending. I was paying about £725 a month but since the end of the fix, it's always been below £600 and is now about £560. I really need to get that unsecured debt down a lot further before the LIBOR rates start climbing too much. I'm not updating my debt level in the sig at the moment. I've decided not to update it again until the first number is a "3". Should be somewhere near the back end of this year. I really do need those rates to stay low another couple of years really. Once I've repaid most of my unsecured debt, I will have a lot more room for flexibility. Also, my van/water tank loan will be finished October/November time so that will give £200 a month back - though the van is at an age where that could easily be taken up with repairs. I have credit card debts that I never had when I started this MSE thing but they are mainly replacement debts rather than additional ones. It looks like that van loan will be the first debt to go - out of the ones I had when I started all this stuff.
Future mortgage rates are a concern for me though at the moment.

EDITED TO ADD: My rate for the next quarter is 2.65%

tomtombeanie

nickynoo08 wrote: »

Morning all,

Pad this morning of £1.40 to various pots please clearing.
Well hope today is a better day than yesterday, had a bit of a pants day but feeling more positive this morn. Off to see the midwife today, hopefully she's gonna tell me bubs will be born soon, getting fed up now and OH and ds are getting sick of putting my socks on me coz i can no longer reach my feet:rotfl:

hope the midwife gave you good news. one of my best friends is due the 3 april and i must say i'm starting to feel quite sorry for her dragging that bump around! the last 4 weeks were, in my experience anyway, the hardest from a physical point of view! hang in there! (and socks are overrated!)