The 1% Challenge - 100 ways to make your 1%

happytails

Just about to check the bank and sort out pennies but i doubt there will be anything i can save for the debts (got a fair bit to pay for in May ) But to make it through the month without dipping into the business account would be nice! LOL

happytails

How was everyones Easter?

The kids are back at school/nursery tomorrow, so will just be me and the babe, who is fast approaching 18 months!!!!! :eek:

Sarah x

sgm61

Hi all,

I'm new here and would like to join this challenge as I feel repaying 1% of my debt at a time is the best way for me to tackle my debt.

I owe - wait for it and it was more than I imagined - £8,192.64!!!
Barclaycard £7,861.48 (6.8% for life)
Argos £220 (0% June 14)
FTB CC £110.16 (13.9%)

It feels so much to repay when I look at the total amount but broken down into 1% bites of £82 it is manageable.

So my total rounded up is £8200 & 1% is £82. These are my figures.

I have repaid over £23k from 2007 to get here but am finding I am struggling with this last amount so am joining to get support and stay focused on my goal.

Thanks.

Barclaycard 0/£7581.48
Argos 0/£220
FTB CC 0/£110.16. :eek:

fedupandskint

Happy to post another £85 made selling on eBay, straight off to loan overpayment making it 12% repaid so far on overpayments. Next week with other overpayments will take it up to 13%.

Happy about all this progress so far this year as it's all going well.

GreenSaints

Hi All,

Hope everyone is doing well and had a good Easter.

It's pay day for me (woohoo!) so my new total is:

Member #198 £7,414.13/£8,731.92 (84.91%)


But two amazing things have happened because of this:

1. I no longer owe my mum ANY money for the first time in 7 years!
2. I tweeted Martin :money: to tell him this, he retweeted my message and lots of people have 'favourited' and even said well done!

The end is very much in sight for me and I can't believe it! Just over 15% to go!

sonas_baby

Pay day so more to cc now 24%, loan 6% and got yearly statement from car loan I had miss calculated paid more off than I thought now 13%. Still a long way to go but getting there;)

troglodyte

Congrats GreenSaints you're doing so well, and glad you had such a great response!

sgm61

Hi

Payday at last.

£110.16 to CC to clear balance in full
£120 to Argos
£200 normal payment plus overpayment of £200 to Barclaycard

Total £630.16/£8200 = 7.68% repaid :T

Yes

Barclaycard £400/8200
Argos £120/220
FTB CC £110.16/0

Baileys_Babe

sgm61 wrote: »

Hi

Payday at last.

£110.16 to CC to clear balance in full
£120 to Argos
£200 normal payment plus overpayment of £200 to Barclaycard

Total £630.16/£8200 = 7.68% repaid :T

Yes

Barclaycard £400/8200
Argos £120/220
FTB CC £110.16/0

Wow, if you can maintain making payments of £630 a month you will have cleared all this debt in 14 months.

allybee101

So great to see all these totals adding up! Well done folks


53% now paid off my overdraft. I was making smallish overpayments to my 2 credit cards but now cut this back to £5 (as well as the minimum payment). The overdraft will now be paid off by October '14 and cards will be cleared by next June.