Payment A Day - Chapter 2023
Keedie
Forumite Posts: 1,854
Forumite
Hey everyone,
Welcome to the Payment A Day - Chapter 2023 challenge! (this will start from 1 January 2023)
We've decided to start a new thread challenge each year as the last one by Kirstypoos for Payment a Day Chapter 18 was over 1,150 pages long and spanned nearly 6 years 😳👏🏾! If you want to see that one for inspiration, check it out here https://forums.moneysavingexpert.com/discussion/5590353/payment-a-day-chapter-18/p1, and it follows the principles of the thread originally started by Emily Hallett (we alway give credit where credit is due 😁).
But what is Payment A Day (PAD) and what is included?
Well... the idea is that you make any extra payment a day towards your debts or savings, to either clear your debt quicker or build your savings at a faster rate. There is no minimum amount, you could PAD anything from £0.01 to £1,000s, as it just depends on your individual budget, targets and circumstances. Some of us PAD everyday, some sporadically and some save their PADs to make targeted payments once a month. You can PAD your minimum payments, additional payments, mortgage payments, sinking funds, savings challenges, it really is down to you, the only rule is that you post your PADs so we can share and celebrate your achievements.
How do I join and do I need a number?
Everyone's welcome and you can join at any time in the year, and no challenge number/identifier is needed, just pop along as it's never too late to start PADding. We're a friendly bunch, if slightly addicted to PADding (if you know, you know 😉) and if you ever need any advice or inspiration, you'll be sure that one of us can help you.
What is a counter upper?
To help us stay motivated, each month we have someone counting up each day's total (hence the name counter upper) and they declare the total for each month then pass the baton onto a new counter upper. To help the counter upper keep track of everything, please declare your PAD in bold.
🎉 PADding Power 🎉
In 2022, we were on 🔥 and our total PAD was
Our achievements for 2023 will be updated as we go along...
January 2023 = £13,466.30 (thanks to @doily94 as counter upper)
February 2023 = £12,533.08 (thanks to @littlemissdetermined as counter upper)
March 2023 = £13,140.33 (thanks to @Sallyforth as counter upper)
April 2023 = £12,075.23 (thanks to @antomac as counter upper)
May 2023 = £13,559.75 (thanks to @jrcoal5 as counter upper)
June 2023 = £14,820.85 (thanks to @doily94 & @i@IndiJonesi as counter upper)
July 2023 = £14,597.58 (thanks to @indijonesi as counter upper)
August 2023 = £8,826.76 (thanks to @keedie as counter upper)
September 2023 = £7,989.68 (thanks to @LittleMissDetermined as counter upper)
October 2023 = £8,991.54 (thanks to @antomac as counter upper)
November 2023 = £6,010.25 (thanks to @Sallyforth as counter upper)
December 2023 = (thanks to @keedie as counter upper)
Welcome to the Payment A Day - Chapter 2023 challenge! (this will start from 1 January 2023)
We've decided to start a new thread challenge each year as the last one by Kirstypoos for Payment a Day Chapter 18 was over 1,150 pages long and spanned nearly 6 years 😳👏🏾! If you want to see that one for inspiration, check it out here https://forums.moneysavingexpert.com/discussion/5590353/payment-a-day-chapter-18/p1, and it follows the principles of the thread originally started by Emily Hallett (we alway give credit where credit is due 😁).
But what is Payment A Day (PAD) and what is included?
Well... the idea is that you make any extra payment a day towards your debts or savings, to either clear your debt quicker or build your savings at a faster rate. There is no minimum amount, you could PAD anything from £0.01 to £1,000s, as it just depends on your individual budget, targets and circumstances. Some of us PAD everyday, some sporadically and some save their PADs to make targeted payments once a month. You can PAD your minimum payments, additional payments, mortgage payments, sinking funds, savings challenges, it really is down to you, the only rule is that you post your PADs so we can share and celebrate your achievements.
How do I join and do I need a number?
Everyone's welcome and you can join at any time in the year, and no challenge number/identifier is needed, just pop along as it's never too late to start PADding. We're a friendly bunch, if slightly addicted to PADding (if you know, you know 😉) and if you ever need any advice or inspiration, you'll be sure that one of us can help you.
What is a counter upper?
To help us stay motivated, each month we have someone counting up each day's total (hence the name counter upper) and they declare the total for each month then pass the baton onto a new counter upper. To help the counter upper keep track of everything, please declare your PAD in bold.
🎉 PADding Power 🎉
In 2022, we were on 🔥 and our total PAD was
£141,057.41!!!
Our achievements for 2023 will be updated as we go along...January 2023 = £13,466.30 (thanks to @doily94 as counter upper)
February 2023 = £12,533.08 (thanks to @littlemissdetermined as counter upper)
March 2023 = £13,140.33 (thanks to @Sallyforth as counter upper)
April 2023 = £12,075.23 (thanks to @antomac as counter upper)
May 2023 = £13,559.75 (thanks to @jrcoal5 as counter upper)
June 2023 = £14,820.85 (thanks to @doily94 & @i@IndiJonesi as counter upper)
July 2023 = £14,597.58 (thanks to @indijonesi as counter upper)
August 2023 = £8,826.76 (thanks to @keedie as counter upper)
September 2023 = £7,989.68 (thanks to @LittleMissDetermined as counter upper)
October 2023 = £8,991.54 (thanks to @antomac as counter upper)
November 2023 = £6,010.25 (thanks to @Sallyforth as counter upper)
December 2023 = (thanks to @keedie as counter upper)
We hope you'll join us and Happy PADding! 🤗
Debt Free Diary:- The Mental Debt Struggle... https://forums.moneysavingexpert.com/discussion/6364598/the-mental-debt-struggle/p1?new=1
Debt Tracking Restart Take 3 from 01/05/2023 = £22,573.30 (8 creditors) So, on 03/12/2023 = £12,823.30/£22,573.30 (2 creditors) = 56.81% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£2,550/£4,800) 53.13% repaid || Barclaycard (£4,596.23/£12,096.23) 38% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid || MBNA (£875/£875) 100% repaid || Creation (£1,070/£1,070) 100% repaid || Sky Mobile (£1,006.03/£1,006.03) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS:- Emergency Fund (£1,116.58/£1,000) 145.09% saved || 2023 CHALLENGES:- #42 Debt Free Before Xmas 23 (£6,122.88/£6,000) 102.05% repaid || Debt Buster Pot (£140/£250) 56% debt neutral || 2024 CHALLENGES:- Sealed Pot 2024 #79 £6.20/£500 (1.24%) || Round Up Account £87.03/£150 (58.02% accrued)
Debt Tracking Restart Take 3 from 01/05/2023 = £22,573.30 (8 creditors) So, on 03/12/2023 = £12,823.30/£22,573.30 (2 creditors) = 56.81% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£2,550/£4,800) 53.13% repaid || Barclaycard (£4,596.23/£12,096.23) 38% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid || MBNA (£875/£875) 100% repaid || Creation (£1,070/£1,070) 100% repaid || Sky Mobile (£1,006.03/£1,006.03) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS:- Emergency Fund (£1,116.58/£1,000) 145.09% saved || 2023 CHALLENGES:- #42 Debt Free Before Xmas 23 (£6,122.88/£6,000) 102.05% repaid || Debt Buster Pot (£140/£250) 56% debt neutral || 2024 CHALLENGES:- Sealed Pot 2024 #79 £6.20/£500 (1.24%) || Round Up Account £87.03/£150 (58.02% accrued)
5
Comments
-
Brilliant, I'll be here again, aiming to do better this year as starting from January and not late in the year as in 2022. Good luck everybodyMaking the debt go down and the savings go up, one day at a time.
LBM 2015 - debt £57K / Oct '23 now £34,288
Mortgage at 1st Dec '23 £21,800 (Officially finishes June 2026, but plan to get MF well before that....watch this space)
Total Mortgage Overpayments in 2022 was £240.
Total Overpayments so far in 2023 is £486
Challenges
EF #68 £140/£1000
Make £5 a day - Dec £10.31/£155
NSDs for Dec 2/15
My debt free diary...https://forums.moneysavingexpert.com/discussion/6396218/we-will-get-this-debt-down-the-savings-up5 -
Debt Free Diary:- The Mental Debt Struggle... https://forums.moneysavingexpert.com/discussion/6364598/the-mental-debt-struggle/p1?new=1
Debt Tracking Restart Take 3 from 01/05/2023 = £22,573.30 (8 creditors) So, on 03/12/2023 = £12,823.30/£22,573.30 (2 creditors) = 56.81% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£2,550/£4,800) 53.13% repaid || Barclaycard (£4,596.23/£12,096.23) 38% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid || MBNA (£875/£875) 100% repaid || Creation (£1,070/£1,070) 100% repaid || Sky Mobile (£1,006.03/£1,006.03) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS:- Emergency Fund (£1,116.58/£1,000) 145.09% saved || 2023 CHALLENGES:- #42 Debt Free Before Xmas 23 (£6,122.88/£6,000) 102.05% repaid || Debt Buster Pot (£140/£250) 56% debt neutral || 2024 CHALLENGES:- Sealed Pot 2024 #79 £6.20/£500 (1.24%) || Round Up Account £87.03/£150 (58.02% accrued)2 -
Me pls. I’ve only just joined recently but everyone has been extremely friendly and encouraging. Can vouch that it’s an addictive thread 😃
Savings for Xmas 2023 = £1200/£1500#76 3-6 month EF £818.48/£10004 -
Hello,
Can I join please? I've been a lurker for a number of years but have decided this year is the year to knuckle down with finances.
I will update my signature with up to date figures when I can.
Thanks
KirstyPAD 2023 Debt total as of Dec 2022 £18,988.63*April £17,711.03
Halifax CC £3168.21Halifax loan £6095.47
Car finance £7639.02
Next £0/£808.33
#22 - 1p savings challenge 2023 £166.95/£667.95Saving for Christmas - £1 a day savings challenge 2023 £50/£1000
4 -
Yes of course you can join @krustylouise 🤗, and thanks for the endorsement @SuperSavingD 😁. If either of you make PAD up to 31 December 2022, you can declare it on the current thread https://forums.moneysavingexpert.com/discussion/5590353/payment-a-day-chapter-18#latest. If not, happy PADding from 1 January 2023....
Debt Free Diary:- The Mental Debt Struggle... https://forums.moneysavingexpert.com/discussion/6364598/the-mental-debt-struggle/p1?new=1
Debt Tracking Restart Take 3 from 01/05/2023 = £22,573.30 (8 creditors) So, on 03/12/2023 = £12,823.30/£22,573.30 (2 creditors) = 56.81% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£2,550/£4,800) 53.13% repaid || Barclaycard (£4,596.23/£12,096.23) 38% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid || MBNA (£875/£875) 100% repaid || Creation (£1,070/£1,070) 100% repaid || Sky Mobile (£1,006.03/£1,006.03) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS:- Emergency Fund (£1,116.58/£1,000) 145.09% saved || 2023 CHALLENGES:- #42 Debt Free Before Xmas 23 (£6,122.88/£6,000) 102.05% repaid || Debt Buster Pot (£140/£250) 56% debt neutral || 2024 CHALLENGES:- Sealed Pot 2024 #79 £6.20/£500 (1.24%) || Round Up Account £87.03/£150 (58.02% accrued)5 -
Thanks for the new thread Keedie. Marking my place as I am January counter upper
6 -
Debt Free Diary:- The Mental Debt Struggle... https://forums.moneysavingexpert.com/discussion/6364598/the-mental-debt-struggle/p1?new=1
Debt Tracking Restart Take 3 from 01/05/2023 = £22,573.30 (8 creditors) So, on 03/12/2023 = £12,823.30/£22,573.30 (2 creditors) = 56.81% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£2,550/£4,800) 53.13% repaid || Barclaycard (£4,596.23/£12,096.23) 38% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid || MBNA (£875/£875) 100% repaid || Creation (£1,070/£1,070) 100% repaid || Sky Mobile (£1,006.03/£1,006.03) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS:- Emergency Fund (£1,116.58/£1,000) 145.09% saved || 2023 CHALLENGES:- #42 Debt Free Before Xmas 23 (£6,122.88/£6,000) 102.05% repaid || Debt Buster Pot (£140/£250) 56% debt neutral || 2024 CHALLENGES:- Sealed Pot 2024 #79 £6.20/£500 (1.24%) || Round Up Account £87.03/£150 (58.02% accrued)3 -
Yay to a new Thread, new start, new year! Love PADing, definitely is addictive, really supportive people on there too!
Shell xDebt Free - 04/03/23. Total LBM August 2021 £15410.70
My Savings Diary - I can see the light at the end of the tunnel, now my saving journey begins! — MoneySavingExpert Forum
I run this challenge - PAY ALL YOUR DEBT OFF BY XMAS 2023 — MoneySavingExpert Forum2 -
Looking forward to getting on board again - I was a prolific padder back in the day - so need to get refocused!
Here's to 2023 guys!LMB 28th Dec 2022Credit Card - £1015 (int free to 21/10/23) - Now: £862.56Loan - £5079.60 Now: £3763.38PAD TotalsDec 2022 £50.15Jan £280.01Feb £288.45Mar £612.51Apr 2023 £266.473 -
Don’t worry @rsdiscos you’ll back in the swing of it in no time. And yes @shell16 a nice fresh thread and start for 2023. I reckon we can beat 2022’s total… which is MASSIVE…! 🤗Debt Free Diary:- The Mental Debt Struggle... https://forums.moneysavingexpert.com/discussion/6364598/the-mental-debt-struggle/p1?new=1
Debt Tracking Restart Take 3 from 01/05/2023 = £22,573.30 (8 creditors) So, on 03/12/2023 = £12,823.30/£22,573.30 (2 creditors) = 56.81% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£2,550/£4,800) 53.13% repaid || Barclaycard (£4,596.23/£12,096.23) 38% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid || MBNA (£875/£875) 100% repaid || Creation (£1,070/£1,070) 100% repaid || Sky Mobile (£1,006.03/£1,006.03) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS:- Emergency Fund (£1,116.58/£1,000) 145.09% saved || 2023 CHALLENGES:- #42 Debt Free Before Xmas 23 (£6,122.88/£6,000) 102.05% repaid || Debt Buster Pot (£140/£250) 56% debt neutral || 2024 CHALLENGES:- Sealed Pot 2024 #79 £6.20/£500 (1.24%) || Round Up Account £87.03/£150 (58.02% accrued)2
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