The 'extra payment every week' challenge

debtfree_future

Hello everyone

Just to say my 1st payment was £5.00, which went in the bank Friday. This was Co-operative yearly dividend which I totally forgot about.

DFF

mavvymoo

Hi all £20 for me this week :T

Sammy246

I am with many other challenges on this forum but I think I will join this thread to concentrate on one particular debt as currently I am not paying anything off it accept the minimum payment!!! Hope this counts!!!

It will be my one and only SC which has a ridiculous IR...aiming to pay at least £2 per week extra....not much but a lot more than I am doing now...

Naomim

JoV wrote: »

Hi, I would like to join this thread please, it sounds great!! I will have to decide which debt I will pay extra off, do you think the smallest with no interest to pay it off quicker or the highest that charges interest? Not sure. Anyway can't wait.

I will post a signature shortly.

Joanne

As a rule of thumb, ALWAYS pay off the debt with the highest interest first. I know it can be satisfying to get rid of a "smaller" debt but in the long run it will take longer.


So, this week I potted myself some lovely shiny £2 coins (my other challenge). This takes me up to another £20 saved to be paid to Richard Branson today.

I've updated my sig already :T

Naomi x

donna_dynamo

Made my extra payment this week another 5.00 off my credit card.

missladyannie

This morning i've just paid £100 off my husbands credit card due to a good couple of weeks of ebaying! It was very tempting to keep the money but I know its going to a better cause! Keep up the payments everyone!x

kiki98

I'd REALLY like to join but I'm scared I don't have the will power to do it ......

Ok lets do it!! Officially count me in - I'm taking the plunge!

I get paid weekly so should be nice and easy to make at least a little payment each week, I have all my debts sorted into nice easy payments but I like the idea of being able to do that little bit extra to get them paid off quicker.

Saving for my holiday spending money as well at the minute and I honestly cannot believe how good I've been at saving money.

Wish me luck everyone!

Debtbust

Made payments to my CC plus overpaid by £36.

I have updated my signature - by paying CC as soon as my statement is available and doing my little overpayments, I saved £1 on the interest :j - pleased about that

I have updated my signature

wishing_my_life_away

I am late posting for last weeks payment however I had jusy been paid and had money from Ebay so was able to make a payment of £195!! Hurrah!!

missladyannie

£4 paid today off hubby's credit card by using the left over money in my bank account after the DD's