The 'extra payment every week' thread 2014

A question about : The 'extra payment every week' thread 2014

Lets get ready to ruuuuuumble! Happy 2014!!

Hi guys, firstly I want to say thanks so much to inamin for starting this thread in 2012, and to Betty Crumble for running it last year. In their absence I've decided to set it up again this year, I hope that's ok! It's kept lots of us on track and helped clear thousands of extra debt ЈЈЈЈs.

Inamin's instructions from the first thread are;

SO the idea of this is that we all make a decision to make ONE additional payment every week towards one of your debts. It doesn't have to be the same debt every week (although that may be a good idea if you have one that is more expensive than the others) and it can be for as much or as little as you like.

However, as a few people (me included) will be changing the focus from a debt to a goal then that's allowed too

There is really only one rule and that is that the payment must be above and beyond your usual minimum or planned payments (so no taking it off your minimum and then paying less on the due date!!!! )

If you wanna state your goal/debt in your first post then please do so, we like a bit of waffle

A signature line that states your amount that week, then cleared and added to your total at the end of the week so we can all see where we're at when we post is a good idea

I think that's everything

Good luck guys.....

.....and we're off!

If you haven't already, join the forum to reply!

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Best answers:

• Thanks so much for starting this thread again. I am so going to try and keep on track with this for the whole 12 months this year. This is such an amazing way to motivate me!
  The aim is to try and do more than i did last year, so will need at least Ј1500 overpay by the end of the year. Can't wait to get started
• Well said Julie 2710 - where would we be without this challenge it encourages me to keep plodding away at being debt free I paid off Ј625.00 last year - on overpayments. When things get tough I know I can read other people's post and no I'am not alone on this journey.
  ......... Ј1.27 today paid.
• It really is a fab way to debt bust without even noticing really. Every Friday I usually round down my available balance and send the odd pounds and pence to a debt. For example, if my balance is Ј123.45 I'd send the Ј3.45. By doing this I paid off Ј710.42 in 2012 and Ј584.11 in 2013. That's a total of Ј1294.53 extra off my debt total!!!
  Today I've sent Ј15 to Barclaycard. That debt is a round number at the moment, but is only on 0% until next month. It certainly won't be cleared by then so will have to look at moving it, however I'm trying to make it as small as possible before then. My other 2 debts are 0% until next year.
• This sounds brilliant I will defo try and do this. Fed up of being in debt and need out!
• I am in!
  Just discovered an 82 spend on my other CC - Christmas emergency in Sainsbury's and a couple of other places I hadn't entirely covered. Curse my grade C maths!
  That rather shafts the budgets this month but will be back on later after some fiddling to see what I can pay
  Thanks for setting this thread up Lucky XXX
• Welcome scotsgal and Buffy, the more the merrier. Xx
• Thanks for starting the thread again ...until reading this thread I didn't even know I could make overpayments to my loan, how stupid did I feel Let's hope we can have another good year getting those debts down
• Hello 2014! Still on the overpayment run. I've counted this week's payment towards last year, so I can round up to Ј400 for 2013. Ridiculously exciting!
  Just stocked up on a fortnight's worth of lunches and other food - am determined to spend as little as possible this month!
  Roll on 2014
• count me in, need to sit down and go through my figures
• Can I join plaese? I found the 2013 thread really motivating and I'm hoping to beat the target this year.
  Today I've paid Ј17.65 off the CC mae up of a money off voucher used at the supermarket and the money left in our current account at the end of the month.
• Hi
  I'd like to join please, I'm new to MSE and forums...I think it's a great idea and after reading the success stories above, Ј5 every friday (I'm paid weekly) will make a huge difference. I aim to be completely out of debt this year so I can start properly saving for a deposit on a house (renting is so expensive!)
• Welcome back rachelja, purple and Flacos. Welcome caravan saver and Ladyloo Xx
• A Ј10 overpayment for me today...not a lot of money about, but it's a start Would so love to get the loan paid off this year and some little bits off the mortgage
• I would like to try this although I may have to do it per month not week but will try weekly.
• Overpayment of Ј25.00 this morning
• Overpayment of Ј50 made today
• I think i am going to joing this as well, it may not always go to the credit card debt, as it may be in my best interest to make the payment o my savings account and then pay at end of year, as im not getting charged interest on the credit card debt. Or it may go towards the mortgage, where i am getting charged interest. But i will aim to make at least one payment every week to one of those 3 places.
• Having signed up for a few challenges and thinking them all over esp the 1% challenge I have decided that I can make an extra payment every week because some of my 1% debts are as little as Ј1.58 and surely I can find that if nothing else? So I AM going to do one a week and I am off to work out what I can spare from my bank and pay something to someone!
  Good luck all