A Payment a Day Part 2!

A question about : A Payment a Day Part 2!

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

https://forums.moneysavingexpert.com/...html?t=1079175

The thread has been a fantastic success and has grown so much it is fit to burst!! We have decided to carry on Emily's great idea in this new thread:
New Year New thread, more debt busting!

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.

Anyone is welcome to join in at anytime. You will find all the posters are extremely friendly and we are all very supportive of each other.

Best wishes for 2009 everyone

Best answers:

• Happy new year everyone
  Had an interesting chat with the bank last week. Unfortunately both me and OH found out we will be stuck on basic hrs for the forseeable future, this was not good news as we've had a manic month with bills coming out our ears. Some were things i'd forgotten about and some were just unexpected. Thing is, if i were to just plod along as normal in 3 months we'd be n some serious poo! So i've had to do the one thing i didnt want to do.....Take out a consolidation loan. Has both its positives and negatives. Negatives being its a loan i didnt want (but needed!), and 2 its over 6yrs!. The positives being, i've managed to save us Ј190 a month on our out goings and 2 its a flexi loan so i can and will be making overpayments.
  Crazy thing was the lady in the bank showed me how long it would take for me to get out of this mess if our money wage situation stayed the same.
  We're Ј600 into our o/d and once all of our bills have been paid we could afford to pay no more than Ј20 a month towards it! Then that brings us to my cc. My intrest free peroid ends soon and coz of our o/d getting another interest free card wasnt looking good. We were told it could take us in excess of 40odd yrs to clear it all
  Right sorry for the rant. I feel a lot more positive going into 2009, hope everyone here all the best
• Great a new thread
  check on line banking have some extra money in it as we decided not to go out last night or get any drink in as both of us are working over the new year period so paid
  Ј40 to credit card and Ј50 to virgin
• Hi
  Going to be first to post (if I am quick)
  Thanks to Emily for starting pad thread and thanks to Hopeful1 for continuing... it is sooooo addictive.
  pad for today ... Ј4.55 to loan and Ј2.00 to savings. Will sort sig later.
  Have a good day everyone.
  miss t
• Happy New year everyone. A nice shiny thread, hope everyone has a healthy one
  Ј5.00 to post office today
• Happy 2009 to everyone.
• Morning all and Happy New Year!
  It's nice to see a new thread for 2009 - now which brave soul wants to volunteer to add up all our PADs each day?
  On with mine, Ј3.97 paid to the Overdraft Begone Fund, and 8p interest went into that account too, so total PAD of Ј4.05. Shame my overdraft interest of Ј3.04 came off today
  Hope you all had a lovely night and that you're not feeling too rough today
  ff
• Morning all. I'd like to join this challenge please. I have managed to persuade OH to help me free ourselves from debt (most of it built up by me giving in to his 'I want it' nature) and we have agreed that if he can see the debt going down he will be motivated to stop spending and we'll pay it of more quickly!
  As it stands today our DFD is June 2012 - just in time for the Olympics! So I am aiming to get it cleared by Dec 2011 ..... which sounds so much better.
  I will be paying something 'extra' everyday to our debts - even if it's only Ј1. I will put it into a jar and make the payment at the end of each week. We cleared our overdraft this week and will be living within our credit balance for the first time in a decade! I psychologically (big word for this time in the morning) like the idea of living within our means and reducing the debt everyday!
  I'll check in with this thread to keep me on track. Thanks for the support!
  Lewby xx
• Welcome Lewby. Sounds like you're married to my hubby's brother lol My hub has improved only cause he now knows we aint got it. HOWEVER, i have discovered he spends Ј22 per WEEK on bets and can't see what's wrong
  When he is being paid weekly again i will be saving Ј22 per week to show him what that looks like at the end of the year.
  Geez!!
• It's nice to see a new thread for 2009 - now which brave soul wants to volunteer to add up all our PADs each day?
  just added up everyone so far and its
  Ј107.60 today
  keep it up everyone
• Thanks Hopeful ..... Glad to know that his brother is kept in check too!!!!!
  I have implemented an 'allowance' system which means my OH gets a monthly amount of cash to fritter away without me getting stressed. We have been doing it for a while now and it makes him think twice about spending it because it's 'his'! How bizarre is that! He also works better with cash that 'virtual money' as buying things with a card means nothing to him but actually handing over the cash makes it real! Whatever works......
• Hi everyone
  Happy 2009
  We haven't got any debts (but unfortunately also no house now due to BRsy) so I would like to join this challenge to put money away to start again ( I don't know if we'll ever buy another house but if you don't try you'll never know). I hope this is OK
  Happy saving everyone
  Cuddles
  OH I've put Ј2 away today (sorry I nearly forgot)
• Happy New Year everyone. Ive paid 15.00 to MBNA today, going to keep up the 15.00 a day till the end of Jan - hopefully!
  Hope everyone has a great day x x x