The 'extra payment every week' challenge

Cranny44

Evening all last update for 10 days as i am off on my holidays on sunday so next weeks paid up early - bit extra as no food or petrol needed

£221.00 paid

Total since 05/10/12 = £1401.61

Cranny44

Nessa56 wrote: »

forgot to post last week :mad: overpaid credit card by £10.00 last week and have overpaid another £20.00 this week

so £30.00 in total.

I wish it could be more but I do overpay my credit card by £60.00 each month anyway so not doing too badly. Should I include that in my signature I wonder?

Keep up the good work guys
v
x
:santa2:

I have a set (ish) amount i work out each month and split it into weekly payments (OH paid weekly) but pay this on debts as over and above normal payments so i include this otherwise i wouldnt have anything extra :rotfl:

suzitiger

Betty_Crumble wrote: »

Welcome suzitiger, the more the merrier and better late than never. Look forward to seeing your progress and we are starting afresh new year too so you'll not run out of time hehe.

please-let-me-be-lucky wrote: »

Hi suzitiger!!

£8.40 to add to the little payment I made earlier in the week Xx

purplegrape wrote: »

£3.80 this week, a slow one before pay day.

Welcome suzitiger, no time like the present to get cracking on a debt!

Thank you for the welcomes guys :j So how do you do this, do you just try to make little payments each week, as much as you can afford? Do you focus on one debt or try and pay a bit to each? I am going to pay a little tonight towwards a debt so that this week is done I will update how much in a bit

please-let-me-be-lucky

suzitiger wrote: »

Thank you for the welcomes guys :j So how do you do this, do you just try to make little payments each week, as much as you can afford? Do you focus on one debt or try and pay a bit to each? I am going to pay a little tonight towwards a debt so that this week is done I will update how much in a bit

Whatever works for you! Personally, my debt is split 3 ways and 2 are on 0% so it makes sense to throw all my little extras at the one that is accruing interest. I 'tidy' my bank account weekly so say the balance is £118.30, I will pay the £8.30 to the debt. (Or £3.30 if things are tight, or £18.30 if I'm feeling flush etc).

I'm sure others do things differently but I can honestly say I haven't missed all the little payments I've made and I'm thrilled that they have lowered my debt by more than £600 in a year

Betty_Crumble

Cranny44 wrote: »

Evening all last update for 10 days as i am off on my holidays on sunday so next weeks paid up early - bit extra as no food or petrol needed

£221.00 paid

Total since 05/10/12 = £1401.61

Hey cranny have a lovely time, you get a brownie point if you manage a payment and a post while you are away lol :rotfl:

suzitiger wrote: »

Thank you for the welcomes guys :j So how do you do this, do you just try to make little payments each week, as much as you can afford? Do you focus on one debt or try and pay a bit to each? I am going to pay a little tonight towwards a debt so that this week is done I will update how much in a bit

so here's the joy of this thread, your payment can come from wherever (what youve sold, found, saved, been given, earned extra) can be any amount whatsoever and can be made whenever you want, sometimes once a week wont happen and others 3 times a week will, it really doesnt matter, anything above and beyond your normal payment is included.

Oh and nessa,yes include your £60 its an extra payment and it counts :beer:

suzitiger

please-let-me-be-lucky wrote: »

Whatever works for you! Personally, my debt is split 3 ways and 2 are on 0% so it makes sense to throw all my little extras at the one that is accruing interest. I 'tidy' my bank account weekly so say the balance is £118.30, I will pay the £8.30 to the debt. (Or £3.30 if things are tight, or £18.30 if I'm feeling flush etc).
I'm sure others do things differently but I can honestly say I haven't missed all the little payments I've made and I'm thrilled that they have lowered my debt by more than £600 in a year

Betty_Crumble wrote: »

so here's the joy of this thread, your payment can come from wherever (what youve sold, found, saved, been given, earned extra) can be any amount whatsoever and can be made whenever you want, sometimes once a week wont happen and others 3 times a week will, it really doesnt matter, anything above and beyond your normal payment is included.

Ok great, thanks guys, that's really helpful. I have a few debts , but 3 are under £100 and are heavy interest so i'd like them to go. one of them I have had for nearly 10 years :eek: but it WAS 1k which I have got down to under the 100 mark in 2 years so i'm much much happier about that.
Anyway, waffle waffle, I can't do it tonight but I am going to pay £4 towards Capital1 to round sthe bank acc. down :money:

fedupandskint

suzitiger wrote: »

Thank you for the welcomes guys :j So how do you do this, do you just try to make little payments each week, as much as you can afford? Do you focus on one debt or try and pay a bit to each? I am going to pay a little tonight towwards a debt so that this week is done I will update how much in a bit

Welcome aboard suzi!

As for me, I either use spare money to throw at the 3 biggest debts if I have some or just pay off little tiny bit extra if that's all I have. This weeke was the big payment from ebay sales and next week may be little payments as not too many pennies left before payday

Good luck!

ToniLiz

Hey guys, lovely to see that we still have new budgeteers joining our merry little band.. welcome suzitiger!
Bank account skim for me only £5.78 this week (didn't want to just send 78p !). Really must knuckle down and sort some Christmas pressies out soon, only 30 days to go and not even started yet...!! Bah humbug ;-)

boobiebonboo

:jlove this idea would love to join will post on here on a Sunday if that's ok:) good luck everyone:)

please-let-me-be-lucky

Of course you can boobiebonboo (love the name!), the more the merrier.

I feel I must warn you though, it gets addictive!