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Payment a Day - Chapter 2024

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Comments

  • Divingmad
    Divingmad Posts: 577 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Evening all,
    PAD today of £76.37
    DM x
    I feel like a Pelican - everywhere I look there's a bill staring at me!LBM: March 2014 Current CC debt: £2048.29/£3666.53 (55.86% repaid) Current Challenges:Tilly Tidy: £2087.67/£2500 (83.50%) 3 to 6 month emergency fund #75: £3653.62/£6000 (60.89%)
  • AntoMac
    AntoMac Posts: 2,717 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    journeyman2 said:
    Hi there

    just want people’s take on this old conundrum 

    I have 16k left on my student loan at an interest rate of ~6 %. Is it worth paying off a large chunk of this or paying down the mortgage (currently at a much lower interest rate and no renewal needed for a few years) ?. 

    Paying it down will give me more disposable income and quickly get rid of a high interest debt.  If I continue as it stands I’d probably pay this off within 5 years. 

    Many thanks! 
    I agree with @LittleMissDetermined
    I would also pay off the expensive student loan, although I would of course have to review the overall financial position so would need more detail before I made a definite decision.
    I also think you might have posted on the wrong forum. That said, you are very welcome to join us on this PAD challenge. 
    27/5/17 Mort 64705 BTs 1904031/12/17 Mort 59815 BT 1673007/04/20 Mort 49208 BT 1572128/07/20 Mort 47387 BT 1263414/11/20 Mort 45905 BT 10134 20/05/21 Mort 42335 BT 686811/08/22 Mort 32050 BT 2915Sealed Pot Challenge 16 Number 5
  • Lonelygambler
    Lonelygambler Posts: 418 Forumite
    100 Posts First Anniversary Name Dropper
    Hi. New to the post. £75
    Gambling Addict - Acting now before it's too late. Gambling losses well over 25k. 

    Current Situation Started Posting in Apil 24:
    Unsecured Personal Debt - July 2025
    Natwest CC 0% - £3000 (Cleared November 2024)
    Lloyds CC 0% £4500 - £900
    Barclaycard CC 0% £12,567 - £7700

    11/6/24 - 17 MonthsGamble Free - Longest in years. Gambling is an illness. Seek help. It is not worth your life. 
  • AntoMac
    AntoMac Posts: 2,717 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Welcome along @Lonelygambler
    Great to have you with us

     My own PAD today is £11
    27/5/17 Mort 64705 BTs 1904031/12/17 Mort 59815 BT 1673007/04/20 Mort 49208 BT 1572128/07/20 Mort 47387 BT 1263414/11/20 Mort 45905 BT 10134 20/05/21 Mort 42335 BT 686811/08/22 Mort 32050 BT 2915Sealed Pot Challenge 16 Number 5
  • AntoMac
    AntoMac Posts: 2,717 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker

    £13 

    Total for 14 March 24

    27/5/17 Mort 64705 BTs 1904031/12/17 Mort 59815 BT 1673007/04/20 Mort 49208 BT 1572128/07/20 Mort 47387 BT 1263414/11/20 Mort 45905 BT 10134 20/05/21 Mort 42335 BT 686811/08/22 Mort 32050 BT 2915Sealed Pot Challenge 16 Number 5
  • LittleMissDetermined
    LittleMissDetermined Posts: 9,682 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud! Photogenic
    Good morning! £5 to the sabbatical for me today please 
    LMD x
    Life gets in the way...PADding is addictive...Saving's better than spending...
    My savings diary - Now for a healthier, wealthier me
    2025 1p challenge #41 | Cash envelope challenge #01 | SPC #017
    Sealed pot 2025 £6573 | EF £1000/£1000 | Sabbatical £3364/£6000 | Travel savings £1508 | Sinking pots £2571
  • Keedie
    Keedie Posts: 2,854 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Combo Breaker
    Been a bit AWOL, but have been PADding. 

    £12.63 to spare change coin challenges
    Debt Free Diary:- The Mental Debt Struggle
    (Original Debt on 15/07/2016 was £33,056.76) 🙈 but Debt Free on 09/02/2025 🎉
    2025 SAVINGS: Emergency Fund (£604.30/£5,000) 12.09% saved
    2025 CHALLENGES: #16 Sealed Pot Challenge ~ 18 || #9 50 Envelope Challenge 22/50
  • Keedie
    Keedie Posts: 2,854 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Combo Breaker

    Is anyone able to be counter upper for April 2024 please?

    Debt Free Diary:- The Mental Debt Struggle
    (Original Debt on 15/07/2016 was £33,056.76) 🙈 but Debt Free on 09/02/2025 🎉
    2025 SAVINGS: Emergency Fund (£604.30/£5,000) 12.09% saved
    2025 CHALLENGES: #16 Sealed Pot Challenge ~ 18 || #9 50 Envelope Challenge 22/50
  • Aimingforthegoodlife
    Aimingforthegoodlife Posts: 1,138 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Morning, PAD of £5.99 today
  • AntoMac
    AntoMac Posts: 2,717 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker

    £210.94

    Total for 15 March 24

    27/5/17 Mort 64705 BTs 1904031/12/17 Mort 59815 BT 1673007/04/20 Mort 49208 BT 1572128/07/20 Mort 47387 BT 1263414/11/20 Mort 45905 BT 10134 20/05/21 Mort 42335 BT 686811/08/22 Mort 32050 BT 2915Sealed Pot Challenge 16 Number 5
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