A Payment A Day - Chapter 14

sashanut

Hi all :j


Been absent a few days...... sorry about that but been working on the accounts seeing if we could do this .....so .........drumroll.....today's PAD is £42,650.00 to Woolwich reserve (aka overdraft). That is it cleared now which leaves us £1200 p/m better off which is the amount of overpayment we've been making :j:j:j:j:j:j:j


Also just been on the snowball calc for the first time in years to see how much debt we were in at the beginning - it was terrifying :eek::eek::eek:


Well done everyone, every PAD helps.


Keep on everyone, you are doing great!!

Time_to_face_the_music

Good morning

Today's PAD is another £1 to M&S please :T


Oh wow sashanut! You really do know how to make a PAD! :j

Brilliant news about clearing that, am so happy for you :T

Traymos

Still no movement on the bank account so another PAD of £1 today. Balance of target debt it now £60.86.

araminta

PAD of £178.11 for me today

angelbob

My PAD today is £2.50 thanks xxx

milky1991

Today's pad is £21.92

The first debt I am paying off is now sub £100 and I'm excited that it will soon be gone.

Just the other 4 big one's to tackle then

InsertWittyName

sashanut :j

A healthy £150 for me today please.

sashanut

Hi all :j


Just out of interest (!) I went on to the snowball calc which I filled out in 2009. Just thought I would post this to tell you how bad it was - I think that was an updated version because I first came on here in despair in 2006, but the figures were approx. the same tbh. as no payment other than minimums made in the next 3 years. We have our own business which was doing well initially - hence the stupid spending - but then in 2006 our income dried up completely :eek: to not even enough to pay the mortgage, let alone any debts.


Total cc debt in 2009 was £93K+ - which was made up of various credit cards for us both, all at huge interest rates. In addition to this we had a £5.5K and a £2K overdraft that was maxed out every month. Plus we have a mortgage which allows you to draw cash on the 'unused' portion of your debt - fatal for people like us!!! So the actual mortgage was £70K but the additional overdraft facility that was used - was another £65K.

I had hoped to be DF last year but all the debt we have now is just one cc - at 0% till July - of approx. £6K. We also have a M&S cc which I pay everything on & pay off in full every month - the vouchers we get from this we use to buy all our food in December for Christmas. Yesterday the huge payment was to finally pay off the overdraft on the mortgage - £42,650.00. That then leaves a mortgage of £37,500 on this house...plus the £6k cc


That wouldn't have been possible without the help from MSE & this great thread, keeping me focused!! So Thank You everyone, I am not DF yet but getting there :T

PigginSkint

Hello again - does anyone remember me? (She says, blinking in the daylight!!) I used to be a regular on this thread but have been absent without leave for quite a while (just look at how out of date my sig is!:o).

I have really let things slide for some months (very naughty of me) so I really need to get my act together again.

Is it OK to join you all again? :D

jet9cat

OMG Sashanut, what a stupendous PAD :j:j:j
Thank you for sharing your story with us, it's such an inspiration to us all of how far you can get with determination and a strong community of fellow DFWers behind you.

This has put yesterday's total into the stratosphere at £42833.35!!! The month's total is going to look more like a telephone number:rotfl:

While we would all love to make these massive PADs do remember that every PAD helps and for many it is the discipline of making a payment, however small, as often as possible that keeps us all moving in the right direction. In the spirit of which, welcome back to Piggingskint - you know you never really leave the PAD thread, it lures you back sooner or later:)