The 'extra payment every week' challenge

missladyannie

I've made my third payment of the challenge of £9 after getting a refund from Asda!

purplegrape

Betty_Crumble wrote: »

please don't apologise for the amount you are paying, it's all money and any amount is better going towards your debt and working towards your debt free future. I dont think this thread will give 'bad' weeks, the fact that we're doing one payment a week will make everyone a good week. Wow where did the david icke in me come from :cool:

Well said! Every penny counts, but the value should absolutely be your own, achievable goal!

(My 85p's are stacking up nicely.)

MusicalLawyer

I have been selling things on eBay yesterday and made around £13. Once this has cleared in to my bank account - as it's with PayPal currently - I will pay off my eBay fee's (about £3.42) and then proceed to pay the rest off on my Little woods debt.

Naomim

Hi All,

A bit late but I'd like to join in please.

I am determined to attack these debts this year and any little bit extra will help. I can manage to get to the bank once a week so will just transfer the contents of my desk change pot every Friday or anything I make on eBay.

I've made £27.50 on Ebay this month so will transfer that from Paypal later.

Today I've banked a cheque for £18 which was an insurance overpayment refund so that will go towards the debts too.

Off to add it to my sig now.

Naomi

cutestkids

I have paid another £5.00 off my Barclaycard today so my running total is £15.00 so far

scotmumof3

Thanks mswan deleted my sig and did it over now it's ok :beer: I've made a payment of £5 to my cc this week x

Anjington

I just made my first extra payment. Feels like a drop in the ocean with a debt I'm not proud of, but I know it will snowball as the weeks go by.
Happy new year everyone!

scotmumof3

Anjington wrote: »

I just made my first extra payment. Feels like a drop in the ocean with a debt I'm not proud of, but I know it will snowball as the weeks go by.
Happy new year everyone!

Happy new year to you too. All of us are here for the same reason and nobody will ever judge you we all know how HARD it is but I've had so much good advice and support here it's fantastic.:)x

nifty50_2

I pay some of my debts by dd and if I make an extra payment the dd is either reduced or not taken so should I save the extra payment in a holding account and pay just before the dd is taken or try and just make over payments anyway.

please-let-me-be-lucky

nifty50 wrote: »

I pay some of my debts by dd and if I make an extra payment the dd is either reduced or not taken so should I save the extra payment in a holding account and pay just before the dd is taken or try and just make over payments anyway.

It depends on what works best for you nifty. Obviously money in a savings account will earn interest, but this has to be offset against how much interest you are paying on your debts, and also how tempting it might be to take some out here and there for things other than debts? Who are your debts payable to that you cant make extra payments to? Can you make payments to the ones who arent set up in this way? Or call the creditors in advance to ask them to take a larger direct debit amount when you know how much extra you can afford?