The 'extra payment every week' challenge

Naomim

purplegrape wrote: »

This is my one of my favourite bits of sending 85p every day to my card. Feels a bit naughty, but totally legit.

A friend of mine works in a bank, and we once exchanged £10 between our accounts in 10p increments after he suggested it probably cost about the same each time we did it. I wonder what it does cost?

I'd like to think it cost them more to print a statement for 4p, post it to me and process the payment :rotfl:

Naomi x

missladyannie

I've just paid 6.40 off hubby's credit card after a refund from CreditExpert! Off to update my total x

please-let-me-be-lucky

£3.28 paid to cc this week. Totally agree re getting your monies worth from them with all the little payments costing them to process :T

cutestkids

£5.00 extra this week making my total extra payment since starting the challenge £47.50 :beer:

flev

Another £6.77 this week for me. That's over £123 now!

Plus, on a really big note my washing machine broke down last week and I've managed to replace it without having to put it on the credit card! :j This is a really big deal for me, but not many other people would understand, apart from maybe here!

ali.rtw.traveller

Hi all, i've been watching this thread for the last week or so waiting for pay day to come so i can join in but just wondered how everyone picks which card to pay off? i have 3 cc's and am on a dmp with all interest stopped, has anyone had any of the creditors query about people making overpayments whilst on a dmp?
thanks

Naomim

ali.rtw.traveller wrote: »

Hi all, i've been watching this thread for the last week or so waiting for pay day to come so i can join in but just wondered how everyone picks which card to pay off? i have 3 cc's and am on a dmp with all interest stopped, has anyone had any of the creditors query about people making overpayments whilst on a dmp?
thanks

Rather than pay off one of your cards and maybe jeopardise your DMP (I don't know if that would happen) can you make an extra payment into a "pot" or savings account to make a big final or lump sum payment?

Naomi x

ali.rtw.traveller

Naomim wrote: »

Rather than pay off one of your cards and maybe jeopardise your DMP (I don't know if that would happen) can you make an extra payment into a "pot" or savings account to make a big final or lump sum payment?

Naomi x

Hi Naomi, yeah this was something i was thinking about but if i have it in a pot i might spend it, or i was thinking i may alternate the payments between the cards, i don't think i'll be managing to overpay a great deal each week anyway so a few pounds every few weeks i'm sure the creditors won't worry too much about that

Debtbust

Hello everybody,
what a lovely day outside. Imade £10 overpayment on my cc card this week. Ihave updated my signature. I made nearly £100 of extra payments since I started this challenge. I would have never done this without joining chalenges. Thank you all lovely MSE people:)

wishing_my_life_away

£17.49 paid to the credit card for this week's payment