Payment a Day - Chapter 2024

Keedie

Small Payments. BIG Impact. Making a small (or large) Payment a Day (PAD) - or whenever your budget allows - towards debts or savings all adds up really quickly! And can change your financial future...

Hey everyone,

Welcome to the Payment A Day - Chapter 2024 challenge! (this will start from 1 January 2024)

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 our latest thread, check it out here Payment a Day - Chapter 2023 and it also follows the principles of the thread originally started by Emily Hallett (we always 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 2023, we were on 🔥 and our total PAD was
£133,732.16!!! 

Our achievements for 2024 will be updated as we go along...

January 2024 = £14,372.69 (thanks to @Makingabobor2 as counter upper)
February 2024 =  £9,334.10 (thanks to @LittleMissDetermined  as counter upper)
March 2024 = £9,100.39 (thanks to @AntoMac as counter upper)
April 2024 = £8,869.18 (thanks to @Divingmad as counter upper)
May 2024 = £8,416.28 (thanks to @Keedie as counter upper)
June 2024 = £12,553.14 (thanks to @Divingmad as counter upper)
July 2024 = £12,304.89 (thanks to @Keedie as counter upper)
August 2024 = £10,814.27 (thanks to @AntoMac as counter upper)
September 2024 = £9,663.58 (thanks to @Divingmad as counter upper)
October 2024 = £7,704.79 (thanks to @AntoMac as counter upper)
November 2024 = £16,225.38 (thanks to @LittleMissDetermined  as counter upper)
December 2024 = £9,102.78 (thanks to @Keedie as counter upper)

We hope you'll join us and Happy PADding! 🤗

Makingabobor2

I do love shiny new threads, they help me to stay motivated

Keedie

Me too! I just need to work out my personal PADding and debt target so that I'm ready to go for January 2024.

LittleMissDetermined

All bookmarked and ready to go for 2024! 

Aimingforthegoodlife

Bookmarking now in anticipation!!!

CMD79

Me too! Got to get this done this year! 

@Keedie just read some of your diary. A woman with a plan!! Like it - following suit. 2024 is the year to be debt free!! 

Keedie

Most definitely @CMD79! We'll be able to cheer each other on 🥳.

I can honestly say out of all of the debt free challenges, this one has been my biggest motivator and has helped me to take charge of my finances in a way that I never thought was possible. That's why I now run it. Since 2022, I've cleared around £13k of debt and built savings through being more intentional with my finances and wanting to get the mini high of declaring a PAD. As @LittleMissDetermined says, PADding is addictive...!

BlueJ94

Can I join please! Got a new laptop this year so can keep myself motivated to log on and save the pennies!

Keedie

You can most certainly join us @BlueJ94! The more the merrier. We'll start on 1 January 2024, but if you have any PADs to declare before the new year, you can add them at Payment a Day - Chapter 2023. x

Charlotte_88_24

Hi!

Can I join for 2024? I find having a big goal too overwhelming, so this challenge works well for me

Keedie

Hi @Charlotte_88_24, of course you can join and you're more than welcome! I find that little and often works best for me and allows me to chip away at a larger goal that would otherwise overwhelm me.