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  • FIRST POST
    • kirtsypoos
    • By kirtsypoos 22nd Jan 17, 3:05 PM
    • 3,425Posts
    • 15,040Thanks
    kirtsypoos
    Payment A Day Chapter 18
    • #1
    • 22nd Jan 17, 3:05 PM
    Payment A Day Chapter 18 22nd Jan 17 at 3:05 PM
    *The principles of PADding*

    Emily Hallett started a fantastic thread called 'a payment a day' which you can find via going to this webpage (sorry it won't work for me right now)

    The thread is extremely supportive and friendly, with lots of madness and smileys to boot! It is ever increasing, which is why having hit 200 pages, challenge is continuing on a brand new thread.

    The principle of the idea is that you pay any extra money you have against a debt to clear it a little bit quicker. Not everyone makes a daily payment, but instead they save money to make a lump sum at the end of the month. You can do it anyway you want to, but join the thread and let us know how you are getting on.

    Some PaD-ers have cleared their debts and are now focusing on saving following the same principal, so they still post on the thread. Anyone is welcome to join in at anytime.

    Best wishes to everyone

    PS. Here are the rules


    *The Rules*
    1) To assist the monthly 'counter-upper' please post your PaD in Bold, colour, large, or all three
    2) Once you join, you cannot leave

    Total for our Latest Month (May 2016) was:
    11,278.15 (Thanks Bobarella for being Mays counter Upper )
    June 2016:
    27,734.49
    July 2016:
    24,284.13
    August 2016:
    30,740.14
    September 2016:
    27,504.99
    October 2016:
    14,546.08
    November 2016:
    7,661.39
    December 2016:
    4541.33

    Total for 2016
    240,681.72


    January 2017 - Huge thank you to Keedie for keeping tabs
    13,746.74

    Feb 2017 - Keedie doing the honours
    7,930.50

    March 2017 - Huge thanks to Mandz
    15,192.39

    April 2017
    18,117.88

    May 2017
    12,909.60

    June 2017
    15,548.01

    July 2017
    10983.76

    August 2017
    13,640.17

    September 2017
    12303.59

    October 2017
    11,151.91

    November 2017
    14,979.38

    December 2017
    11018.76

    Total for 2017
    157,522.69


    January 2018

    28,031.72

    February 2018

    12,993.43

    March 2018

    15,742.14
    Last edited by kirtsypoos; 02-04-2018 at 8:12 PM.
    PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Original Debt: 0/31010.23 (100% paid)
    Mortgage - 158.500.00 (2017/2018 O/P 3491.79) PAYDBX 17 - 18,442.82
    PAYDBX 18 #006 3850.92/4000
Page 264
    • sunshine81
    • By sunshine81 12th Aug 18, 8:03 AM
    • 1,159 Posts
    • 6,090 Thanks
    sunshine81
    Hi TheHappySnapper! Welcome! I'm pretty certain people do PAD to their mortgage!

    44.49
    for me today x
    • lindez
    • By lindez 12th Aug 18, 9:32 AM
    • 214 Posts
    • 845 Thanks
    lindez
    Morning all and Welcome Happy Snapper
    4.50 between cc2 and cc 3.
    Thank you Jetcat x
    Payment A Day Chapter 18:
    MFWB#44 YTD 74.00 OP/65860.00
    • jet9cat
    • By jet9cat 12th Aug 18, 10:20 AM
    • 1,551 Posts
    • 10,978 Thanks
    jet9cat
    PADs totalled 1567.85 for 11th August
    Last edited by jet9cat; 13-08-2018 at 12:51 PM.
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • jet9cat
    • By jet9cat 12th Aug 18, 10:22 AM
    • 1,551 Posts
    • 10,978 Thanks
    jet9cat
    Happy Snapper I'm sure there is a regular poster on here that includes mortgage overpayments in their PADs

    Back to earth with a bump for my own PADs with just a 5 payment to the balance cc today
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • erin_transport
    • By erin_transport 12th Aug 18, 11:38 AM
    • 590 Posts
    • 2,607 Thanks
    erin_transport
    Hi
    11.50 to online savings
    Happy Snapper - I make mortgage overpayments as PADS. I set mine up as a payee through internet banking. Check with your mortgage if they need a specific reference for additional payments and that there!!!8217;s no penalty.
    Thanks
    Last edited by erin_transport; 12-08-2018 at 11:41 AM.
    On a mission!

    2018 MFW #138
    • TheHappySnapper
    • By TheHappySnapper 12th Aug 18, 2:24 PM
    • 5 Posts
    • 12 Thanks
    TheHappySnapper
    Morning all and Welcome Happy Snapper
    4.50 between cc2 and cc 3.
    Thank you Jetcat x
    Originally posted by lindez
    Happy Snapper I'm sure there is a regular poster on here that includes mortgage overpayments in their PADs

    Back to earth with a bump for my own PADs with just a 5 payment to the balance cc today
    Originally posted by jet9cat
    Hi
    11.50 to online savings
    Happy Snapper - I make mortgage overpayments as PADS. I set mine up as a payee through internet banking. Check with your mortgage if they need a specific reference for additional payments and that there!!!8217;s no penalty.
    Thanks
    Originally posted by erin_transport
    Hi everyone - thanks for the welcome! I actually need to phone and change my bank account with my mortgage company anyway, so will check there's no penalty for payments. I have them set up, but have never made daily payments, only the odd extra if I got a bonus while I was working.

    Would be great if they'd be happy to accept daily overpayments! I guess if I did that it would reduce interest quicker than trying to save up big chunks to pay off - and there's not the temptation to dip into the "savings".

    Definitely food for thought!
    • dangerbadger
    • By dangerbadger 12th Aug 18, 7:06 PM
    • 116 Posts
    • 1,788 Thanks
    dangerbadger
    Just 2 to savings today
    • squeeeek
    • By squeeeek 12th Aug 18, 8:32 PM
    • 249 Posts
    • 1,800 Thanks
    squeeeek
    Wow Jetcat!! What a huge PAD yesterday!!

    Welcome Happy Snapper I do occasionally PAD to my mortgage, no issues so far!- but as I say it's only an occasional thing for now!!


    8.80 to family loan 1 please Jetcat!
    Family Loan 1 2200.00 1108.80 Family Loan 2 750.00 0.00 MBNA 1967.00 1579.36 Lloyds Loan 10,000 6361.50 Mortgage 78,000 73040.65
    • squeeeek
    • By squeeeek 13th Aug 18, 4:59 AM
    • 249 Posts
    • 1,800 Thanks
    squeeeek
    Morning all!

    8.80 to family loan 1 please Jetcat
    Family Loan 1 2200.00 1108.80 Family Loan 2 750.00 0.00 MBNA 1967.00 1579.36 Lloyds Loan 10,000 6361.50 Mortgage 78,000 73040.65
    • erin_transport
    • By erin_transport 13th Aug 18, 8:56 AM
    • 590 Posts
    • 2,607 Thanks
    erin_transport
    Hi
    69.23 to cc
    10 to mortgage over payment
    79.23 total today
    On a mission!

    2018 MFW #138
    • jet9cat
    • By jet9cat 13th Aug 18, 12:58 PM
    • 1,551 Posts
    • 10,978 Thanks
    jet9cat
    Total for yesterday was 76.29
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • jet9cat
    • By jet9cat 13th Aug 18, 1:01 PM
    • 1,551 Posts
    • 10,978 Thanks
    jet9cat
    And a survey payout gives me a payment to the balance cc of 50 today

    Thanks squeeek, yes OH borrowed some family money for upfront costs for something and now is able to pay back in chunks as the project comes off so every now and again there are big PADs to be made which is great and helps me keep going when at other times there's no PADs or only small ones
    Last edited by jet9cat; 13-08-2018 at 1:04 PM.
    Every penny's a prisoner
    PADding is addictive
    MFW August 2023 - unless I get my butt into gear
    • ftbwannabe
    • By ftbwannabe 13th Aug 18, 2:43 PM
    • 62 Posts
    • 230 Thanks
    ftbwannabe
    100 to student loan today, thanks
    Debt Free Wannabe since 1st August 18
    CC1: 100.83/8,839.83 | CC2: 79.47/1079.23 | CC3: 182.92/182.92 | CC4 100/2446.33 CC5 0/4280
    Student Loan 1: 83.28/656.92 Student Loan 2: 25.51/808.60
    Total Repayments: 572.01/17,472 | Outstanding Debt: 1689.99
    • lindez
    • By lindez 13th Aug 18, 5:04 PM
    • 214 Posts
    • 845 Thanks
    lindez
    Hi all
    5.50 between cc2 and cc3
    Thank you Jetcat x
    Payment A Day Chapter 18:
    MFWB#44 YTD 74.00 OP/65860.00
    • sunshine81
    • By sunshine81 13th Aug 18, 9:07 PM
    • 1,159 Posts
    • 6,090 Thanks
    sunshine81
    27.75 for me today x
    • squeeeek
    • By squeeeek 14th Aug 18, 4:26 AM
    • 249 Posts
    • 1,800 Thanks
    squeeeek
    Good morning all!

    8.80 to family loan 1 for me today please Jetcat
    Family Loan 1 2200.00 1108.80 Family Loan 2 750.00 0.00 MBNA 1967.00 1579.36 Lloyds Loan 10,000 6361.50 Mortgage 78,000 73040.65
    • squeeeek
    • By squeeeek 14th Aug 18, 4:34 AM
    • 249 Posts
    • 1,800 Thanks
    squeeeek
    Good morning all!

    8.80 to family loan 1 for me today please Jetcat
    Family Loan 1 2200.00 1108.80 Family Loan 2 750.00 0.00 MBNA 1967.00 1579.36 Lloyds Loan 10,000 6361.50 Mortgage 78,000 73040.65
    • AdventureWanted
    • By AdventureWanted 14th Aug 18, 8:03 AM
    • 662 Posts
    • 1,938 Thanks
    AdventureWanted
    8 to CC3 today. Thanks.
    • LittleMissDetermined
    • By LittleMissDetermined 14th Aug 18, 10:45 AM
    • 2,111 Posts
    • 8,875 Thanks
    LittleMissDetermined
    Hello all

    Apologies that I have been absent, I have been away and then we have started some renovations work in the house which is proving to be quite stressful, time consuming and very costly. There's no spare cash at present and I am eagerly awaiting pay day which is still 2 weeks off (sob!).

    However, I have been making payments which over the days I've been absent total 818.95


    LMD x
    Life gets in the way...PADding is addictive... Saving's better than spending...

    1000 EF Challenge #142 800/1000 ... 3-6Mth Wages Challenge #4 7520.80/7129...
    • lindez
    • By lindez 14th Aug 18, 11:17 AM
    • 214 Posts
    • 845 Thanks
    lindez
    Morning all
    3.78 to cc 3 today
    Thank you Jetcat x
    Payment A Day Chapter 18:
    MFWB#44 YTD 74.00 OP/65860.00
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