Help me wity a payment plan.

[Youagain2025]

Can anyone help me work my debts out. So that I can work out what I need to pay between now and before interest kicks in.

Lookagain:
13th oct 500
13th Nov 155

Very
13th Nov 965.00
13th Dec 308.00

How do I do a payment with myself so that theses are paid of by the dates above

Surely you need to post income and outgoings - no one can help you with a plan without. You say interest kicks in - if that’s BNPL on Very if you don’t hit the due date for payments the interest charged is backdated to when you got them item not just from that date forward.

Do you get paid weekly or monthly OP?

Are these all separate balances so 4 accounts?

How about:

Now - look again £327.50
1st Aug - look again £327.50
1st Sept - very £321.67
1st Oct - very £321.67
1st Nov - very £321.67
1st Dec - very £308

I need to try and make them into smaller payments more often

When do you have money coming in? And I can do that for you.

In my op it says how much i owe and who to. And when it needs to be paid by. But i want to try and spilt the payments into smaller payments either fortnightly or even weekly.

Not what you’re asking but is it too late to return any of the items?

Way to late. But once im sorted im getting rid of them.

How much can you afford to pay

Surely is just basic math?

You calculate how much you owe $total and how much time you have to pay Y weeks. You then either decide how much you can pay each time and figure:

$total/$per payment = Z payments
Y weeks/Z payments = number of weeks between payments

So, you need to pay $500 by 13 October.

You decide that you can pay $50 each time. That's 10 payments (500/50). Between now and 13 October is about 97 weeks, you can make a payment about 9 days (well, 9.7 but that's too confusing). Or do it by weeks and there are 13 weeks (plus six days), so you can make a payment about once a week (with a 3 week buffer).

Or, you decide that you want to pay once a week. That gives you 13 weeks which is about $38.50 per week. Or once every two weeks which is about 6 pay periods or $83.33 a fortnight.

Do the same math for each bill. It would be easier to calculate based on how often you want to pay so that the pay cycle is the same for each bill.

I don't know if get confused with everything. Thats why I just wanted to try and put whats owed together and spilt it between now and the end dates

Okay, how often do you want to pay? Weekly or fortnightly?

I have learning difficulties that's why i cant do it . And this post has really confused me . I dont understand it at all 😭

This may not be exact, but I erred on the side of caution (rounded down to full week and rounded up on the amount). It also assumes that you'll pay the minimum you can on every amount (rather than, say, prioritizing the sooner ones).

Lookagain:
13th oct 500 pay 39/week. Or £78 every 2 weeks. Or £143 a month.

13th Nov 155 pay £9.12 a week. Or £18.24 every 2 weeks. Or £38.75 a month.

Very
13th Nov 965.00 £57/a week. Or £114 every 2 weeks. Or £276 a month.

13th Dec 308.00 pay £14 a week. Or 28 every 2 weeks. Or £77 a month.

If you want to pay weekly you could do:

14th July, 93.58, Look again

21st July, 93.57, Look again

28th July, 93.57, Look again

4th Aug, 93.57, Look again

11th Aug, 93.57, Look again

18th Aug, 93.57, Look again

25th Aug, 93.57, Look again

1st Sept, 90, Very

8th Sept, 90, Very

15th Sept, 90, Very

22nd Sept, 90, Very

29th Sept, 90, Very

6th Oct, 90,Very

13th Oct, 90, Very

20th Oct, 90, Very

27th Oct, 90, Very

3rd Nov, 90, Very

10th Nov, 90,Very

17th Nov, 70.75, Very

24th Nov, 70.75, Very

1st Dec, 70.75, Very

8th Dec, 70.75, Very

I know OP but we need to know really how often you get paid, because for example if it was me I get paid monthly so I’d have 3 pays left before October, 4 before November or 5 before December, so that’s how many payments I’d break it down into.

It’s the same amount whether you pay it a little bit every week or a chunk each month, it just depends how often you get paid which is easier for you budget wise.

So take this example a PP has kindly created:
Now - look again £327.50
1st Aug - look again £327.50
1st Sept - very £321.67
1st Oct - very £321.67
1st Nov - very £321.67
1st Dec - very £308

That’s based on monthly payments so just divide each one by the weeks in the month to get your weekly or fortnightly payments. So e.g. for July you’d have to pay £81 per week, or £163 a fortnight. Same for August and so on. Does that make sense?

Don't worry about this post which is confusing you, just ignore it. It's both rude and wrong.

Ok lets try and help -

If you pay a bit every Friday I would split it like this
£35.72 every Friday starting from 11th (this Friday) to Look Again with your last payment on the 10th October
£69 every Friday from 11th (this Friday) to Very with your last payment also on the 10th October
Then from the 17th of October you start paying £38.75 to Look Again and your last payment is on the 7th November
Also on the 17th October you pay £34.23 every Friday to Very. You make the last payment on the 5th December. And then on the 12th December you pay Very £33.16

It will be a bit more painful between now and the 10th October where you will need a total of £104.72 each week, but then the payments reduce down. Would that work for you?

Sorry, there should have been an image there (when I tried to paste directly from Excel, it shows up really hard to read):

I know another poster has mentioned it already but just incase you aren’t able to make all the payments I would really advice checking the details of the interest on all of the accounts to see if you’d be better off prioritising one over the other because Very BNPL the interest doesn’t just start from that day if not paid off it gets backdated right back to day 1 so it could cost you significantly more.

I've tried pasting as a table from Excel, so you could see the options for weekly and fortnightly, but it isn't posting. This might be tricky to read but trying:

First amount is weekly payments, and second amount is fortnightly (it's not exactly double because of rounding):

Look again - 500 pounds - 13 October - 38.47 76.94
Look again - 155 pound - 13 November 8.62 17.24
Very - 965 pounds - 13 November 53.62 107.24
Very - 308 pounds - 13 December 14.00 28.00

If one of the interest rates is higher and you are worried that you won't pay in time, it might make sense to focus on that one first (rather than doing it evenly), but I've assumed everything is equal for these calculations.

Sorry for the confusing earlier post.

I'm not sure this does what she is asking though.

This approach recommends a weekly payment of £115 at the beginning of the period, and a weekly payment of £14 at the end of the period. She's looking for a roughly consistent payment schedule across the whole time, broken down per week.

Is there a post that I missed that said she wanted them roughly equal?

I did say in my post that it assumes that she wants to spread each payment across as many weeks as possible. If clarifies a different prioritization, it can be recalculated. It also ignores, as others stated, that the penalties for some may be different than for others which also changes things (both in terms of prioritizing one debt over the other and also if paying more as early as possible is beneficial (depends on when interest starts).

I think its implicit in the OP? But maybe I'm wrong?