Payment a Day - Chapter 2024

Charlotte_88_24

Relentlessdreamer said:

Hi can I join please?
may I ask people on the forum how do they know how much they can pad everyday that doesn’t leave them short for the rest of the month?

On pay day I deduct my bills/debt payment and do a bulk shop top up. Following this I divide the remaining per day (sometimes per week, but daily is best for me atm). 

From this daily amount I pay any adhoc travel, bits and pieces i need then chuck the rest to debt.

Won't work for all, but works for me  

I also use prolific or vinted sales as PAD boosts.

lianne1984

Hey all!
Happy New Year!

I'm back in & on 1 PAD so far

Aimingforthegoodlife

Morning, PAD of £17.83 today

@Relentlessdreamer, I may do some double digits, but usually I tend to PAD small. The minimal amount is £1 from two accounts, so I will PAD £2, I know I should be able to afford that, but it is a guess! I use interest, cash back and random payments- refunds/cancelled spends etc to top up the PADs. Also if hubby earns a bit extra, I will do something with that as it isn't included in my usual basic budget. If I ran out before the next payday, I would just stop for the month, or if I felt it was going to upset my budget I would stop as well Welcome!

Sallyforth

Morning!
£3.62 PAD today please.
SF x

LittleMissDetermined

My PAD for today is £5 to the sabbatical 
LMD x

Makingabobor2

Morning all
Yesterdays PADs were a very respectful
£269

Keep PADding everybody

Charlotte_88_24

Sending to the overpayment pot today - £4.57

meeemee

Hi payment today to next for £10 please 

Keedie

Welcome @meeemee! Great to see more people joining us this year.

Although the title is Payment a Day (PAD) @Relentlessdreamer, you're not obliged to PAD everyday. Some people do and some people don't. Some people only PAD debts, some do savings and some do both. Some people PAD their mortgage value some don't. Some people may round down their account to the nearest pound or £5 (tilly tidying) and declare that. Some people may have the automatic round up feature on their bank accounts and count that too. Some count money from surveys, cashback, interest and so forth.

It's very much down to your budget and how you manage your finances. I don't PAD everyday, but I do PAD when I have made a minimum payment to a debt, any overpayments, money sent to savings (including cashback and money from surveys). I mainly use cash to spend as a way of controlling my spending, and so I have a few tins on the go for different denominations and when I put my spare change into the relevant tin, I declare it as a PAD. You have the freedom and flexibility to PAD your own way, that's why this challenge is so great!

My PADs today:

£4 to the £2 challenge
£1.50 to the 50p challenge

Total £5.50

Doily94

£187.85 for me today to my loan.