The 'extra payment every week' thread 2014

purplegrape

Cantfindafreeuserid wrote: »

Having signed up for a few challenges and thinking them all over esp the 1% challenge I have decided that I can make an extra payment every week because some of my 1% debts are as little as £1.58 and surely I can find that if nothing else? So I AM going to do one a week and I am off to work out what I can spare from my bank and pay something to someone!

Good luck all

Hiya, and welcome! What's the 1% challenge?

Cantfindafreeuserid

You break your debts down into 100 parts giving you 1%. You make a chart with 100 boxes representing your 1%'s and when your paying off your debts you tick off every 1% you pay. Its less daunting I find and I look for the next 1% as an extra payment. People do their whole debt but I have done it with each debt so I can concentrate on them individually and feel like I have accomplished more :-) I also like making charts and ticking things off lists so this is excellent for me :-) There is a thread on it somewhere that explains it much better than I have I'm sure but I hope I have made sense :-)

purplegrape

Ooh, I like that idea, Cantfindafreeuserid! Will take a look, thanks

Cantfindafreeuserid

Your welcome it really is helping me as finding all of it or even an extra months payment is daunting but finding just 1% of it seems really acheivable :-) and it all helps no matter how small :-)

FlacosFloozie

Unexpected expenses cheque for Mr F has led to an exta £101.64 this week. January is off to a good start, not sure I'll keep up this momentum.

please-let-me-be-lucky

£15 extra for me today, £10 from budget and £5 from banking 5ps from my coin jar yesterday.

Everyone is doing really well :T Xx

scotsgal1

£10 overpayment made to credit card

smiffy64

Hi everyone

can i join in again this year, didnt post every week last year but paid off my overdraft £350. well proud i managed it. still lots to clear but slow but sure wins the race. I will start my week one next week if thats ok with every one

jaxsmar

£40.00 today paid off towards credit card the 0% balance transfer ends next month :eek: Also looking at the other credit card for a good deal.. I suppose that makes me a credit card tart :j .... Well it's something I wouldn't have done a year ago ..onwards and upwards!

Buffythedebtslayer

Just checking with an extra payment of 9.34 -to round down my CC debt to 4480.


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