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The 'extra payment every week' challenge

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  • elly68
    elly68 Posts: 2,556 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    reevy wrote: »
    hi is there anyway I can save threads like this one - so i dont have to trawl through the lists to get to it? Im new so im clueless.
    Thanks:)
    i add them to my favourites and save each time i post so i know where i am with a thread :T
    So finally debt free and it feels amazing however continuing here to stay debt free.Next declutter house and body and finally swim under that waterfall x
  • This is an excellent idea and I would like to participate! I often neglect to 'chip' away at debt, thinking it won't make much difference in the grand scheme of things but my current repayment plans are obviously not making a dent in the debt so time for a new strategy in 2012!

    Think I will make Friday my payment day - so here goes - lets see what I can clear this year!
  • Angel84
    Angel84 Posts: 64 Forumite
    Oooh, I like this a lot! Can I join in too??

    :D
    Don't be 'Good' - Be 'Amazing'
  • Oooh I'm going to join this, this sounds like a GREAT idea. Especially when my debtors allow me to pay online :)

    I will add to my signature now!
    SAVINGS: £63.86 // £3,000
  • GeorgieFTB
    GeorgieFTB Posts: 437 Forumite
    Hey

    Can I join in.... **whispers** I have a few CCs that need clearing, really should clear them before I tackle the mortgage!!

    I have been lax in my MSE ways, well I'm fine, still in my budget but I'm starting to waste money again... which is a slippery slope!

    I will try to round down my current account each week, just to the nearest £5 or £10. Then the last week of the month I can move any money left over to start clearing the card!

    I don't think it should matter how much each payment is, just as long as I don't miss one!

    I will clear out and update my sig later!

    Gx
    Mortgage at 08/10/10: 110k:eek:
    Current Mortgage:... £109,200 :eek:
    OPs 2011: 100.50/4000
    Current MFD: 02/10/45 :shocked: (will be 63!!!)

    Make a payment a week challenge TW 100/123.79
  • evie451
    evie451 Posts: 364 Forumite
    100 Posts
    georgieFTB what a great idea to round down your acct every week, need to attack OH's overdraft ASAP so I will join in if thats ok :)
    Every Penny's a prisoner :T
  • inamin
    inamin Posts: 122 Forumite
    A warm welcome to evie451, GeorgieFTB, KellyKing1987, Angel84 and GoalDebtFree. The more people that join us the more motivated I hope we will all be. I will try to keep up to date with everyone's totals and will give a running total of how much we have paid off al together each month.

    xxx
    Barclays overdraft £1290 :(
    MBNA £3239 :(
    MBNA £4108 :(
    Extra payment a week challenge (started WC 11.5.2015) This week - £0 Total - £0
    £1000 emergency fund - £0/£1000
  • Betty_Crumble
    Betty_Crumble Posts: 609 Forumite
    edited 3 January 2012 at 6:26PM
    Oh please count me in, i think i may have made 2 pad's since joining but it was a bit much so I think this will be great, thank you. Going to make tea now but will tidy my sig up and add this

    Extra payment a week challenge:
    This week: £
    Total to date: £
    Littlewoods £10 Very BNPL £234.42
    My total debt is [STRIKE]£7242.32[/STRIKE]£244.42
    Extra payment a week: This week: £
    Total to date: £1279.29 not incl this week
    #33 NOvember challenge
  • What a fab thread!!! Please count me in too
    Barclaycard £3000
    Halifax loan £17,300
    Overdraft £500
    :eek:
  • snookey
    snookey Posts: 1,128 Forumite
    Count me in please. Iv paid 20.00 off a debt today as extra and will try to do this every two weeks.
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