Payment A Day Chapter 18

shell16

Morning!

Payday for me today and lots of shifting of cash into various pots and clearing debt.  Paid £34 to Virgin CC, £100 to Lloyds CC, £251 to Sainsburys CC, £175 to Vehicle Maintenance (now Fully Funded), £100 into Hols Part 1 Fund which is my new accelerated funds focus and £175 to my Variable Funds Pots.  Total £835.

Thanks Shell x

Keedie

Morning All,

The total PAD for 15 December 2022 was £334.82

Sometimes depending on our financial journeys, we can feel as if we're climbing a mountain and be laser focussed on getting to the top or achieving our goals, and forget the benefit of the journey itself...

Keedie

That's some great PADding there @shell16! I need to get on top of my sinking funds, and I think I'll probably work out which one needs accelerating and concentrate with one main focus instead of spreading myself a bit thin and not really feeling like I'm getting anywhere. Do you still pay some money into the non-accelerated fund, or simply only start a new accelerated fund once you've reached your target?

SuperSavingD

Money from a sale going into the loan pot £14.30.

Going to try and not go silly and stick to my remaining Christmas budget for gifts this weekend, only about 20% left to get, must not get carried away 🤣

Makingabobor2

You're doing well @shell16.  We have a vehicle maintenance fund, but the money just goes in every week when DH gets paid and then he takes it out as he needs it for spare parts, MOT etc. So I don't really think of that one as a savings pot, its just something we have to use....lol  Maybe I need to rethink the way I save.

SuperSavingD

shell16 said:

Morning!

Payday for me today and lots of shifting of cash into various pots and clearing debt.  Paid £34 to Virgin CC, £100 to Lloyds CC, £251 to Sainsburys CC, £175 to Vehicle Maintenance (now Fully Funded), £100 into Hols Part 1 Fund which is my new accelerated funds focus and £175 to my Variable Funds Pots.  Total £835.

Thanks Shell x

Great amount to PAD in one day x

shell16

Keedie said:

That's some great PADding there @shell16! I need to get on top of my sinking funds, and I think I'll probably work out which one needs accelerating and concentrate with one main focus instead of spreading myself a bit thin and not really feeling like I'm getting anywhere. Do you still pay some money into the non-accelerated fund, or simply only start a new accelerated fund once you've reached your target?

Hi Keedie.  I have £275 a month I use for accelerated focus funds, £175 for variable and £50 to savings every month.  If things are a little tight I may just reduce those amounts but in the main thats what I put away every month.  I used the term accelerated as I direct all that cash to a focus as I too was feeding multiple pots and felt I wasnt getting anywhere.  Its a bit like snowballing funds, using the same principle (Debt Snowball)
Shell x

Makingabobor2

£2 to the DMP /F&F pot
£1 to the Boiler service/Insurances pots
£1 to Christmas & Birthdays '23

Doily94

£20 for me today, which for some reason AO put in my account today. I think it must be cashback from an appliance I bought for them so I am not complaining. 

LittleMissDetermined

Back with £9 cash out from surveys. Sent over to CC7 
LMD x