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

Cream_Tea

Hi can I join. I have £2620 debt at last count so 1% = £26.
Good luck all
CT

froggie101

I would really like to join this thread. My 1% is £40. I'm new to MSE and think this is a really great way of putting your debt into more manageable chunks. I look forward to learning ways to pay off my debt quicker and getting some really great advice from people who have been around on this site longer than me. :-)

fedupandskint

28% of £19653.31 repaid over the last 12 months.

Next month will reach 30% repaid. There's still a very long way to go but it's better to have reached this point than just repay the minimum payment and interest on the long term loan.

Let's see how much will have been repaid over the next 12 months with my overpayments planned. Hoping at least have reached the 56% repaid point on my piece of paper, it would be good to get to under £10,000 mark in 2 years.

liz-paul

Hi folks just popping in to say Happy Christmas & hope you all have a happy and MSE New Year!

Also I have made it to 50% :j

I can't quite believe it and I am so grateful for this thread, challenge & posters :beer:

As you may know my challenge was to save up for a holiday to Disney world. Being at 50% now my OH has agreed to stump up 25% in 2015 so I just need to save £2000 between now & when we leave in Summer 2016 :eek::D

melodramaticme

End of year total for

#196 £2808.77 45% paid off

tattycath

Sorry! I've not been on this thread for so long.
I desperately needed to pay my catalogue off before interest kicked in...I don't know how I've done it, but I have done it. :j
In the last couple of months I somehow managed to find over £700 :eek: but it's now cleared and I can breathe a huge sigh of relief and concentrate on decluttering the house.

happytails

Hi all. New year and new focus. Getting this debt organised.

We are going to shift everything to 1 loan to keep things simple and it will reduce our monthly debt outgoings by over £100 initially. We will then be able to set money aside for saving for our holiday this year/child 2 starting school/christmas etc. Overpayments and paying it early in full are allowed so going to do that next year.

Currently we need to pay

£5570 by feb 28th (we have £200 so far hence the massive panic and consolidating)
£3500 CC 0% ends in May
£7000 Loan
We have a few essential house repairs to tackle too and need to get new tyres on the cars.

Re assessing our budget for this year also, going to try and find cheaper gas/elec/internet etc

My new challenge will be to save up 20% of our new loan over the next 2 years along side the monthly payments.

£4250 (20% of the loan) - 1% is £42.50

Sarah

grassgirl

Hello!

Resetting for 2015, managed to shave £1000 off the total in the few months I tried..

Could page one get updated? Thank you lovely x

332 grassgirl

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£65.00

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0%

Keep going everybody x

GaLa15

My first 1% of the year done

£50/£5000

happytails

Morning,

Been tracking my spends again from the new year. Determined to stay on track.

The loan is going through so it will be time to make calls to pay the old creditors off :j

We've got a few little holidays in the UK booked this year so im going to be saving up for those along side the 25% i want to save to put towards the loan

Sarah x