The 'extra payment every week' challenge

please-let-me-be-lucky

Made a payment of £3.16 today from rounding down my bank account. It was making my balance look untidy so I sent it packing to my credit card

Naomim

Hi All,

I've just paid £37.26 against my credit card that isn't on 0% interest. So that's my total for the month so far.

DH and I have "weekly" spending money so anything I have in my purse on a Friday morning is going to go on the CC debt.

Well done everyone on making those payments.

I just realised today I will have been 3 years a non-smoker. If only I could have afforded to save the money I would have spent I'd be almost out of debt now

Naomi x

please-let-me-be-lucky

Naomim wrote: »

I just realised today I will have been 3 years a non-smoker. If only I could have afforded to save the money I would have spent I'd be almost out of debt now

Naomi x

Well done Naomi :T:T:T Think how much further in debt you would be if you hadn't given up!

craftycarole

Well went to check bank account today and by this time of the month we are normally heading towards using some of our overdraft but at the moment the account seems healthy so maybe I will be able to pay a bigger sum off the credit card this week. I feel good that I have started to take control of my finances this year and its all down to this extra payment every week challenge. I feel like a weight has been lifted and that I am in control again.:j

JW13

At the end of the month have still got £68.59 in my account so transferred to CC.

That's £73.09 so far:j

Debtbust

I have paid another £5 towards my credit card so thats £10 so far this year.

lennieelizabeth_2

please-let-me-be-lucky wrote: »

Made a payment of £3.16 today from rounding down my bank account. It was making my balance look untidy so I sent it packing to my credit card

Wow - Fab idea :T Just made an extra payment of £5.14 AND my account looks all tidy :j

lennieelizabeth_2

wear280902 wrote: »

I have no answer just the same question although I am about 400 OD but this is interest free for the first £500 wheras my C/C is 16.9% so it it just better to pay off the higher interest debt free providing you are not leaving yourslef too short if you are in your O/D that you leave yourself in danger of increasing this debt further.

Not sure if I'm right or wrong - my O/D is interest free whereas OH's is £10 every month he uses it. We have cleared his O/D but live in mine up to the hilt. (I'm a student living on my student loans) I keep my money in a high interest internet saver account and transfer in my housekeeping each week. Best of both worlds - money earning interest and surplus each week going to the money we owe the kids! I would say use your interest free O/D to clear high interest debts.

mswan

Hello everyone looks like we are all on track well done.

My 0%card balance transfer has come through which left £67 to pay so I was brave (well.... Shut my eyes and hit the pay of balnce button) and paid it, just need to be a bit careful for this month, but feel great doing it.

nifty50_2

Ihanks for that, please let me be lucky, will look to see what options I can do with store card and credit cards, never thought to ring creditors regarding payment adjustment just let the dd come out, considering been lurking for over a year I don't appear to have learned very much ha ha