A Payment A Day

A question about : A Payment A Day

*The principles of PADding*

Emily Hallett started a fantastic thread called 'a payment a day' which you can find here:

Thread 1

The thread was a huge success and was continued in 'A Payment a Day Parts 2-12'. Those threads can be found here:

Thread 2 Thread 3 Thread 4 Thread 5 Thread 6 Thread 7 Thread 8 Thread 9 Thread 10 Thread 11

The thread is extremely supportive and friendly, with lots of madness and smileys to boot! It is ever increasing, which is why the 2012 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

*The numbers*

To show how well we all do, the collective amount paid to each debt, per month, will be logged here. Look how amazing the totals are

In 2011 the People of PAD repaid towards their debts/savings a massive:

Ј440,536.74

2012 Totals:
January: Ј51,890.82
February: Ј27,651.56
March: Ј41,266.31
April: Ј27,687.84
May: Ј42,887.71
June: Ј20,614.17
July: Ј28,746.67
August: Ј27,587.66
September: Ј35,405.19
October: Ј27,388.81
November: Ј15,091.02
December: Ј27, 077.95

Making a whopping Ј373,295.71 in 2012

*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

Best answers:

• Hey everyone, welcome to our new home for the second half of 2012
  A million thanks to flying_fresian for the upkeep of the last thread. I'll update this one with June's total when Erme has totted it all up on Monday and the counter-upper reins will be handed over to LondonAndy.
  Oh, and can someone PM me (or publicly embarrass me) on how to link previous threads to this one. For example, in the above post I want to link threads 1 to 12 but can't work out how
• Wooo!! Shiny new thread.
  Looking forward to being the totaliser man for July.
  Most of you Seasoned MSE members will know this, but I thought I would post this for any newbies or internet phobes.....
  Remember folks, you can add this thread to your favourites by clicking "Thread Tools" at the top of the page and then "Subscribe to this Thread"
  This will then appear as a subscribed thread when you click on "User CP"
• Morning all - lovely shiny new thread
  First PAD for July is Ј2.00 please Andy. Going to Very as always.
• Good morning everyone
  It's July and it's still raining
  Tiny first PAD of the month from me, Ј1 to NatWest OD
  Have a great day and happy PADding
• Ј11.66.Rounding down into the ISA and overpayments to CCs
• Can I join in please? Ј1.39 to the NatWest overdraft today.
• Ooo pretty shiny new thread! Kicking off for July with a Ј1 please, Andy. Good luck with all the PADs this month everyone! Only 24 days to go for me until a 7 year loan is banished forever! Love danko xx
• Hi Erme - click on "more" under smilies as you post and a pop up window comes up with extra smilies there.
  Extra Ј10 for me as I didn't go out for lunch !
• First PAD of July's a bit smaller than I would have liked, but rounding down my account means a Ј1.15 PAD today please Andy
• Just a nice round Ј1 for me today thanks
• Hi all
  Popping in to PAD - Ј6 in Ј2 coins into VW campervan moneybox plz Andy - tkyou!!
  Many thanks for Erme for June's totals
• Sorry been MIA a lot lately, but will put this right now.
  Ј1.00 PAD for me today.
  Many thanx LondonAndy for running the thread this month and also thanx to Erme for your hard work last month.
• Good Morning
  Thank you to everyone who runs this thread
  Just a small PAD of Ј4.63 for me this morning
  Have a great day
• Good morning everyone
  I hope you haven't all got that "Oh no it's Monday feeling!"
  Tiny pad of Ј0.89 to NatWest OD today please but it's our CCCS direct debit day so we do have a total of Ј1784 going towards our debts
  Don't think I can count that as a PAD
• Ј3.00 to Very this morning please Andy.
• Morning! Hope it's ok for me to join!
  Ј2 for me today!
  Need to get my debt down to 5k by December!
• Hi folks
  1st July total was Ј45.20
  Well done all, a slow start to the month but onwards and upwards !