The 'Extra Payment Every Week' Thread 2015

please-let-me-be-lucky
please-let-me-be-lucky Posts: 10,202
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edited 23 June 2015 at 4:22PM in Debt-free wannabe challenges
Welcome to 2015 and the 4th year of this thread!

The idea was conceived by inamin in 2012, continued by Betty Crumble in 2013 and then taken over by yours truly! In that time it has kept lots of us on track and helped clear thousands of extra debt £££££s.

SO, the idea of this is that we all make a decision to make ONE additional payment every week towards one of your debts. It doesn't have to be the same debt every week (although that may be a good idea if you have one that is more expensive than the others) and it can be for as much or as little as you like.

However, if it helps, then you are more than welcome change the focus from a debt to a savings goal, that's ok too!!

There is really only one rule and that is that the payment must be above and beyond your usual minimum or planned payments (so no taking it off your minimum and then paying less on the due date!!!! )

If you wanna state your goal/debt in your first post then please do so, we like a bit of waffle

A signature line that states your amount that week, then cleared and added to your total at the end of the week so we can all see where we're at when we post is a good idea too. Personally, I've left previous years' totals on mine too, I love seeing that I've cleared £2k in extra payments in the last 3 years using this thread!!

No amount is too small! Every little helps as they say in a certain blue supermarket! Where you find the extra money from is up to you!

Everyone is welcome and I look forward to having you on board.

Lucky Xx
If you haven’t already, join the forum to reply!

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Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0 :j
Best win so far - holiday to Florida
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Comments

  • Hi, I'm having a go at this this year. I reckon the more I challenge myself the better. I will concentrate on CC of £268.38, then Overdraft of £1,350 then huge CC which I doubt I will clear but I want to make a good inroads to this year. To clear it all would mean overpayments of approx £127 per week :eek:. here wego here we go here we go :j
    5 Year plan. April 2020 to June 2025- CC and mortgage free by time I'm 60
    Currently CC £23,674.36 /£14,895.41/£14315.42
    Mortgage £28,214.65/ £26,254.71/ £25,746.43
    By end 2020 I want CC at £ 19,000.00.
    By end 2021 I want CC at £10,000.00
  • Fab to have you on board MiT!
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0 :j
    Best win so far - holiday to Florida
  • Kelxx
    Kelxx Posts: 103 Forumite
    Count me in for 2015 :) Off too edit signature :j
    :heart:***I LOVE, LOVE, LOVE YNAB***:heart:

  • scotmumof3
    scotmumof3 Posts: 1,951
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    Thanks for the new shiny thread plmbl :T. I can't believe I paid almost £80 to my cc in just a few weeks so count me in for this year. I am going to try and reduce the cc by £500 extra this year so fingers crossed :)
    Debt free as of 29.10.2020 🎉😁
    SPC #73 Feb NSD 0/20
  • Hope78
    Hope78 Posts: 755 Forumite
    Oooohhh thinking about setting a target for the year but I did so well in 2014s without one I'm thinking it might jinx me! Think I'll just say "Aim to beat last year". Off to get my sig ready
    LBM 03/07 £44k:eek: DFD 31/12/17 :A 12/17 £2545.50
    Credit Card £2500.00 & Next £45.00
    Savings = £81.21 & Help To Buy ISA = £4700.00
  • jaxsmar
    jaxsmar Posts: 473
    First Anniversary Name Dropper First Post
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    New year and a good spring clean on my finances things are worse than I thought and there is very little to spare but life happens unexpected events of last year affected by spending, so my debt is higher than last year even though this thread inspired me to make extra payments. I am off to edit my signature and have a good cry!
    ............nah already done that maybe a cuppa tea and ring BT to reduce my payments.
    Penny wise pound foolish. 366 days 1p challenge 2020 ✓ 2021 2022 2023 completed.
    No.13 1p a day challenge 2024
    No. 24 52 week savings challenge.
  • jaxsmar
    jaxsmar Posts: 473
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    £6.93 overpayment on credit card. that felt good!
    Penny wise pound foolish. 366 days 1p challenge 2020 ✓ 2021 2022 2023 completed.
    No.13 1p a day challenge 2024
    No. 24 52 week savings challenge.
  • Welcome everyone! Lovely to see returners and new faces. 2015 is going to be a great debt busting year!

    I did my monthly debt calculation this morning and it stood at £2755. Couldn't help but send an extra £5 to Bcard to make it a nice round £2750. Sad I know, but it's that kind of OCD behaviour that is helping me pay off the debt :D. 3 and a half years ago I owed £23k :eek:.
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0 :j
    Best win so far - holiday to Florida
  • mrskingandthescarecrow
    mrskingandthescarecrow Posts: 105
    Debt-free and Proud!
    Forumite
    edited 1 January 2015 at 4:47PM
    Hi, I'm newish here and this will be my first challenge.


    I'm going to try to make an extra payment off my Barclaycard which has a balance of £9,030.41. I am paying £400 off per month as the normal payment so will pay extra per week on top of the £400.
    Debt in 2008 - £97,417 :j*DEBT FREE - SEPTEMBER 2016*:j
    #107 - Save £12k in 2017 Challenge - £2,315.22/12000
    HOUSE DEPOSIT - £6,499.76/20,000
  • Aphidgirl
    Aphidgirl Posts: 431
    First Anniversary Combo Breaker Debt-free and Proud!
    Forumite
    Happy New Year!

    I'll be doing this again this year, I'm hoping to actually be debt free my Sept-Oct 2015.

    I've started the year with a bank skim of £3.54 to the credit card.

    Best wishes to all the other challengers!
    Starting 2016 debt-free :D
    Emergency Fund: £350/£1000
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