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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 11th Dec 17, 7:36 PM
    • 257Posts
    • 796Thanks
    AdventureWanted
    2018 1% Challenge - 100 ways to make your 1%
    • #1
    • 11th Dec 17, 7:36 PM
    2018 1% Challenge - 100 ways to make your 1% 11th Dec 17 at 7:36 PM
    Welcome to the new home for the The 1% Challenge - 100 ways to make your 1%. Little Miss Uni debt started this amazing thread, and Iíve copied below her first post from the previous thread:

    What's it all about?

    Basically the idea is that money comes to us in lots of small ways and we don't often realise it. When faced with a big debt it can be overwhelming and we find ourselves just waiting for the next pay day when we can make a large payment.

    However, we shouldn't be counting paydays as that's really demotivating, we should be saying we're 100 steps away from being Debt Free or our Savings Target. Each step is 1%. You can do those steps as fast or as slow as you like, as long as you are making progress. There are many ways you can make your 1%. So many in fact that weíve put together a list of over 100+ ways you can make 1%. Some can even be done several times!!

    When the budget has settled and you have a long journey ahead of you, it often gets tough, trying to look for the light at the end of the tunnel. We often push ourselves hard but always wish we could pay more, do more and save more. Sometimes it's hard to be satisfied with the baby steps that we know are good for us.

    By doing it 1% at a time and celebrating every milestone, you're on the debt-free ladder & you know exactly which rung you're on. You can take the steps as fast or slow as you like. When you need to, you can pause for a while and reflect on your progress and then carry on renewed.

    We need to enjoy the journey and not just the destination.

    Three Golden Rules

    1. You MUST pay your minimums to your debts each month (This is covering your interest) The percents you earn are in addition to covering your monthly minimums.

    2. Always work with accurate balances. Honesty with yourself now saves you from being disappointed with your balances later on.

    3. When you feel overwhelmed or demotivated just focus on your next 1%


    How To Join in on the challenge! -

    Post in BIG colourful letters, your name, 1% and total so far. I'll add you to the list. e.g LITTLE MISS UNI-DEBT - 1% is £80.

    What you might need :-
    ē Moneybox / petty cash tin (keep your £s safe!)
    ē 100 wage envelopes, or 100 paperclips - (the freer the better - useful if you are saving physical money eg. change/money made from Facebook sales, etc)
    ē Notebook
    ē Free printable 100 square

    How to...
    Take your exact debt or savings total and divide by 100.
    Round UP to the nearest £1 or £10. This is your 1%
    In your notebook start a list of 100 ways that you can earn 1%
    Print the ideas list below for inspiration
    Use the thread for support & motivation
    Contribute new ideas and what worked for you
    Shout up and join the list & get a member number.
    Post a weekly/monthly update of what you've done and how you did it!
    Colour in your progress on your 100 square
    Put your member number in your sig, and your % so far & spread the word!

    Important Notes

    ***You MUST MUST MUST pay your minimum payments to all of your debts AND save your 1%'s as well.*** This is now a golden rule

    Your 1%'s are what you owe, your min payments are the interest you are paying. I consider the min payments as a 'service charge' the cost of rolling your debt on to the next month. This makes you consider just how much your debt is costing you each month!

    As you pay your 1%'s to your cards, your min payments will start to drop. The faster you put your 1%'s to your cards the less interest you will pay.

    If you save up to 100% and pay it off in one go this is MORE expensive than paying each 1% as soon as you have earned it. (I try to save 5% then pay it off)

    This challenge is probably best for debts/savings £20k or less.
    If you find your 1% still too daunting, just decide on how much you want to pay off this year. Divide it by 100. That should give you a 1% figure that is more suitable. Some find it easier to do one card at a time, starting with the highest interest rate.

    If your debt is still increasing through spending, this challenge isn't right for you yet. You need to go back a step to your SOA and re-work it until your debt is steady and you have a little room for overpayments. Then come back when you're ready!

    Please contribute your 1% ideas - we need to build a fantastic list for people to choose from!

    Anyone wanting to join please post in BIG letters and youíll get assigned a number.
Page 7
    • Lauralozzle
    • By Lauralozzle 11th Jan 18, 5:45 PM
    • 540 Posts
    • 4,817 Thanks
    Lauralozzle
    No. 26 reporting in with 2%
    January grocery challenge £189.15/£275 | January NSD 06/18
    Credit Card 1: £95.00 (0%) | Credit Card 2: £2,233.50 (0%) | Credit Card 3: £787.60 (0%) Car Finance: £7,865 (7.9% APR) | Mortgage: £111,173 (2.79% APR) | Emergency Fund: £65.56/£1000 | Honeymoon Fund: £474.16
    • A Random Man
    • By A Random Man 11th Jan 18, 7:30 PM
    • 125 Posts
    • 633 Thanks
    A Random Man
    Number 11 in with a large payment towards my second credit card to clear the majority of the balance so i am declaring a total today of:

    #11 80.75% paid off
    Credit card 1 £600/0 (100% Paid)|Credit Card 2 £4500/£1289.25 (71.35% Paid)|Loan £7500/7228.53(3.61% Paid)
    Payment A Day total: £10.00
    • LuckyPenny
    • By LuckyPenny 12th Jan 18, 6:53 PM
    • 729 Posts
    • 5,493 Thanks
    LuckyPenny
    Hi all

    Got 25% of my food at a local curry house last night, got a free coffee with my costa points (wombled a receipt whilst there) and cashed out £45 from eBay from selling unwanted Christmas gifts.

    Feeling happy I've tipped over my 1% now.
    LP x
    1% Challenge #28 £95.41/£4000 2.3%
    Pay off all debts by Xmas 2017 #40 £0/£6500 Christmas 2018 Saving #16 £12/365
    Competition wins £12,029
    Declutter 3 per day
    • AdventureWanted
    • By AdventureWanted 12th Jan 18, 8:06 PM
    • 257 Posts
    • 796 Thanks
    AdventureWanted
    Well done to you all, you’re doing really well with your 1%s. Huge well done to A Random Man for getting to 80%, that’s a fantastic achievement.

    I’ve had a few of my DDs come out, as well as a few extra payments, so I am currently at 3% paid.
    • angelicious
    • By angelicious 12th Jan 18, 8:16 PM
    • 189 Posts
    • 1,402 Thanks
    angelicious
    Evening every one,


    Could I join you all in this challenge please?

    My saving total is £22,800 so my 1% with be £228, scary!!!!! Don't know how likely this is but am going to give it a good try
    Last edited by angelicious; 16-01-2018 at 7:09 PM. Reason: to add more info
    Make £10 day '18: Jan '18 £382/1000


    2018 1% challenge - £228 - 0.7% @ 16/01

    Make £10 day say 2017 total £5256.25
    • *JaneDoe*
    • By *JaneDoe* 12th Jan 18, 9:39 PM
    • 15 Posts
    • 101 Thanks
    *JaneDoe*
    Another 1% to add for #24 please, total now up to 6%
    • Rachel24
    • By Rachel24 12th Jan 18, 10:47 PM
    • 118 Posts
    • 417 Thanks
    Rachel24
    No 20 reporting I’m now at 3% :-)
    • A Random Man
    • By A Random Man 13th Jan 18, 6:27 PM
    • 125 Posts
    • 633 Thanks
    A Random Man
    Well done to you all, you’re doing really well with your 1%s. Huge well done to A Random Man for getting to 80%, that’s a fantastic achievement.

    I’ve had a few of my DDs come out, as well as a few extra payments, so I am currently at 3% paid.
    Originally posted by AdventureWanted
    Thanks adventure wanted i was so sick of seeing it there i decided to get rid of it , now that i have cleared to majority of the credit card i also want to focus on paying my loan off so i may update on the loan as well as cc's.

    The only downside is that my car needed repairs so i put the repairs on cc, i still plan to clear this as it is 0% interest deal until next year however my overall percentage has gone down however i am still declaring today:

    #11 71.22% Paid
    Last edited by A Random Man; 13-01-2018 at 6:32 PM.
    Credit card 1 £600/0 (100% Paid)|Credit Card 2 £4500/£1289.25 (71.35% Paid)|Loan £7500/7228.53(3.61% Paid)
    Payment A Day total: £10.00
    • Blackberrycurved
    • By Blackberrycurved 14th Jan 18, 12:07 AM
    • 74 Posts
    • 574 Thanks
    Blackberrycurved
    Number 7 checking in. I have made £21 so far by not having coffee for a week and a half. This week I am going a step further in taking my lunch every day. I usually spent £15 a week at lunchtimes and another £2.20 on a coffee. I'm keeping my Monday and Friday coffees but hoping to have another £21.60 by the end of next week.
    Blackberry Curved debt free 2018[ #17 £321.59/£11,000Save for Christmas #? £40/£3651% challenge #7 £21/£110
    • dizzytina
    • By dizzytina 15th Jan 18, 10:48 AM
    • 724 Posts
    • 3,575 Thanks
    dizzytina
    NUMBER 29 Checking in. Just claimed back the cost of a prescription as part of my private health care so put the £8.60 towards this meaning I have reached my first 1% £35.46 total so far...
    MBNA £8812.79 SANT £3168.74 £3099.64 BARCLAY £5529.37 NEXT £0 ARGOS £1857.12£1826.12
    1% debt challenge £35.46/£30.84
    • vintagebrighton
    • By vintagebrighton 16th Jan 18, 12:27 PM
    • 546 Posts
    • 1,657 Thanks
    vintagebrighton
    #6 checking in with another 2%

    taking me to 4%

    Still not really off the staring block as neither of us have been paid! I've got £15 in nectar points which I'll use for shopping and put the cash in the pot.

    I've also got a couple of bits on fleabay and a few more to go.

    VB x
    Australia (1% Challenge #6) ~ 4/100
    Weight Loss Challenge ~ 0/42
    Save 12k in 2018 #32 ~ 700/6000
    • frooglefraggle
    • By frooglefraggle 16th Jan 18, 12:47 PM
    • 296 Posts
    • 1,168 Thanks
    frooglefraggle
    Can I join this thread with my credit card debts and loans so high I would like to do one at a time smallest first with highest interest £2016 1% = £20.16
    1% challenge £2015.50 = £20.16
    Make £2.50 a day £80.82/77.50
    Sealed pot opening Nov 2018: ???
    Going back to being to basics. And penny pinching in 2018 This will be my year 😘
    • angelicious
    • By angelicious 16th Jan 18, 7:15 PM
    • 189 Posts
    • 1,402 Thanks
    angelicious
    Evening all


    I have got a number for the challenge yet but wanted to post a quick update:


    So far: £180/22,800 so 0.7%. Have done overtime this month and have change counted up to changed to add in but will do this when I actually have the money.


    Hope you're all doing well x
    Make £10 day '18: Jan '18 £382/1000


    2018 1% challenge - £228 - 0.7% @ 16/01

    Make £10 day say 2017 total £5256.25
    • MoneysavingmadGem
    • By MoneysavingmadGem 16th Jan 18, 11:46 PM
    • 25 Posts
    • 130 Thanks
    MoneysavingmadGem
    Can I possibly join?
    Iv got £9000 in total all on 0%
    so looking at
    1% = £90
    Crazy clothes 2018 #8 - £120, handmade or cs
    Pay all debt off xmas 2018 #066. ( £9900)
    2018 frugal living #34 (£2500)
    1% a day #36 (9000)
    • AdventureWanted
    • By AdventureWanted 17th Jan 18, 11:10 AM
    • 257 Posts
    • 796 Thanks
    AdventureWanted
    Evening every one,


    Could I join you all in this challenge please?

    My saving total is £22,800 so my 1% with be £228, scary!!!!! Don't know how likely this is but am going to give it a good try
    Originally posted by angelicious
    Hi, welcome to the 1% challenge. Iíve assigned you number 34 on the list of challengers. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    LBM Aug 2017. DFD - March 2021 / Dec 2021
    CC1 - £0 / £5,185 1/8/17. CC2 - £6,567.00 / £13,470 1/8/17. CC3 - £10.820.00 / £11,400 1/8/17
    CC4 - £12,610.00 / £13,000 20/11/17
    2018 1% challenge - #1 - 5%.
    PAYDBX 2018 - #29 Pd £683.60 / £12,500
    • AdventureWanted
    • By AdventureWanted 17th Jan 18, 11:13 AM
    • 257 Posts
    • 796 Thanks
    AdventureWanted
    Can I join this thread with my credit card debts and loans so high I would like to do one at a time smallest first with highest interest £2016 1% = £20.16
    Originally posted by frooglefraggle
    Hi, welcome to the 1% challenge. Iíve assigned you number 35 on our list of challengers. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 17th Jan 18, 11:14 AM
    • 257 Posts
    • 796 Thanks
    AdventureWanted
    Can I possibly join?
    Iv got £9000 in total all on 0%
    so looking at
    1% = £90
    Originally posted by MoneysavingmadGem
    Hi, welcome to the 1% challenge. Iíve assigned you number 36 on our list of challengers. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 17th Jan 18, 11:16 AM
    • 257 Posts
    • 796 Thanks
    AdventureWanted
    Hi, I’ve updated the list on the first page, so hopefully it is now up to date with all challengers names and current %s. If I’ve made any mistakes let me know
    Last edited by AdventureWanted; 17-01-2018 at 11:21 AM.
    • AdventureWanted
    • By AdventureWanted 17th Jan 18, 11:20 AM
    • 257 Posts
    • 796 Thanks
    AdventureWanted
    #1 checking in with 4% paid. Itís slow going at the moment with only the usual ddís and a payment a day bank round down. At the moment it seems unlikely that Iíll manage to get to 100% by the end of the year, which is my own personal target. Oh well, on to the next 1%..
    • princess2102
    • By princess2102 17th Jan 18, 3:41 PM
    • 6 Posts
    • 2 Thanks
    princess2102
    Hi all


    Can I join in please...... my total debt (all on 0%) is £8722 so 1% - £87.22.


    I have been lurking for a few days and started already and have already managed to pay 2% and only £5.10 off another 1%!!


    Thanks
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