Payment A Day - Chapter 2023
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Keedie
Posts: 2,235 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 = £7,720.81 (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 = £7,720.81 (thanks to @keedie as counter upper)
🎉🎉 Our total PAD for 2023 was £133,732.16 🎉🎉
We hope you'll join us and Happy PADding! 🤗
Debt Free Diary:- The Mental Debt Struggle
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid
5
Comments
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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 savings go up
LBM 2015 - debt £57K / Now £33,676
Mortgage 04/24 £17,400 Officially ends June '26 but plan to be MF sooner
Total OPs 2022 - £240 2023 - £1766
OPs so far in 2024 £581.00
EF #68 £175/£1000
Challenges
1p a Day '24 #12 £76/£667. SPC '24 #41 £13.75
Christmas '24 £14.
Make £5 a day - Apr £105.17£150
NSDs April 9/15
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
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid2 -
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 2024 = £100/£2000#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
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid5 -
Thanks for the new thread Keedie. Marking my place as I am January counter upperPAYDBC24 #8 ~ £10188.216
-
Debt Free Diary:- The Mental Debt Struggle
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid3 -
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
2 -
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!Plan to PAD Everyday 2024Credit Card - £3662.99 (int free to 11/11/25) -PAD TotalsJan 2024 -3 -
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
Debt Tracking Restart Take 3 from 01/05/2023 = £23,643.30 (8 creditors) So, on 02/04/2024 = £15,543.30/£23,643.30 (1 creditor) = 65.74% repaid Aiming to be Debt Free = 31/12/2025
CREDITORS: Barclaycard (£6,066.23/£14,166.23) 42.82% repaid
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2024 SAVINGS: Emergency Fund (£220.99/£1,000) 22.10% saved || #5 50 Envelope Challenge 6/50
2024 CHALLENGES: #30 Debt Free by Xmas 2024 (£2,030/£6,750) 30.07% repaid2
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