The 'extra payment every week' thread 2014

Picklepot

Hi Everybody

Ive been away for a couple of weeks but have been keeping track and have the last three weeks of October to update. Its been a really expensive month but here goes:

Week beginning 6 Oct
Overpayment to credit card (another regular payment has now been paid off so i have 'snowballed that payment into my direct debit and added it to my minimum and fixed my direct to a higheramount - hope that makes sense!) £33.00

Week beginning 13th October
Bagged up loose change from pots around house £15.00

Week beginning 20th october

Checked minimum payments on other cards (all on 0% way longer than the one i m making all the overpayment to which ends in Feb 2015) Total reduction rounded up to £6.00

(Total so far this month - £54.00)

Thank you Lucky for starting this thread and for all of you out there for the inspiration i cant believe how the small amounts have built to make such a difference.

Aphidgirl

An extra £5 for this week

please-let-me-be-lucky

Picklepot wrote: »

Thank you Lucky for starting this thread and for all of you out there for the inspiration i cant believe how the small amounts have built to make such a difference.

It really does make such a difference!

£1 extra per week = £52 off the debt over the year
£5 extra per week = £260
£10 extra per week = £520
£15 extra per week = £780
£20 extra per week = £1040
£50 extra per week = £2600
£100 extra per week = £5200

All of these amounts can then be even doubled or tripled if you are paying interest on your debts, and factor in interest saved by paying off the extra!

£15 for me this week Xx

Picklepot

..and the biggest thing for me is that even the days when it really all gets me down , i know that the small amounts are do- able.

Am really kicking myself..i miscalculated the end date for a 0% card and been charged £16 interest. I have swiftly found a 28 month interest free offer with transfer balance low fee and moved it across but still annoyed with myself :mad:

Only £5.00 for me this week

abba1772

Rounded the account down so 36.94 sent to my credit card today as a extra payment xx

smiffy64

ive lost my way a bit this year with paying extra payments. but im positive that next year will be better and more focused.

abba1772

Paid another £50 towards credit card xx

lancashirelassie

Morning Peeps,


been missing a while in here for my updates. got a new lap top and cant get onto here with it I cant remember what I need to grr... so dug out the old one...
big chunks have been paid off bless my hubby drawn down on some of his pension not the best way I know but he wanted to relieve some pressure..
I have been kept motivated by all your inputs and welcome to the newbies. In honesty looks we have all had a bit of upping and downing this year but we have all kept at it!!!!! well done!!!!
I am looking forward as have managed finally to move utility supplier to a much more cheaper one, and breath again and use spare for more extra payments.
Speak again soon


Lanky xx

abba1772

Another £36 towards the credit card that's £124 extra sent to the card this month xx

Aphidgirl

I'm gonna be quite poor for the rest of this month having treated myself to an expensive weekend of socializing right after payday.
Still managed a little bank skim today though so this weeks payment is:

£3.57

Hope everyone else is doing well