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The 1% Challenge - 100 ways to make your 1%
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Hi all,
Had a bit of luck - we did a recommend a friend deal with our house and got a cheque for 1000 pounds! We have given them half of it as a surprise but that means 500 can go straight to family loan YAY! Plus 100 of our money too=
Debt 1: Family loan 3000 paid out of 8000 = 37%
Savings: 3100/10000 = 31%
Was looking at some figures and really think we could pay off family this year if we work hard at it...:rotfl:0 -
Could I please join?
I owe my dad £550 (was almost £2000) and have been paying him off over the last 3/4 years!! So have decided to pay him £50 a month until it is paid off but any extra ways are good and I like the idea of having the % to keep track of and makes me feel like I've achieved something!!
So my 1% is £5.50 so will round up to £6Read my diaryHere0 -
Number 38 here, crawling out of the woodwork to start all over again. My 1% is £35 and I have to find this with extra money as we haven't got any spare cash. So I've started today by putting 4 bits on ebay. Not much but its a start.0
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I've now paid 50% off my loan
Will try and chip a bit more of it if i can later in the month !0 -
Halfway there:j
#196 £3108/6200 50%
Savings goal £30,000 1% = £300.
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Wow! Last time I posted was November, and I had reached 5%. Fast forward to today and I have reacher 10.9%. Still a long way to go, and I need to get back to selling on ebay to increase payments, but the debt is reducing!Starting a new debt free journeyStarting Debt: £5,250Current Debt: £4,995.50Amount Paid: £254.50 Percentage Paid: 4.84%Emergency Fund: £3500
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I'm at 40% paid off, unfortunately the pt job that helped us get here has ended so the % will be a lot slower
. But as long as it is moving down not up, I'm happy
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£144.60 overpaid on the long term loan last week.
Another £10.31 to pay towards it and then see if any eBay sales roll in to add to the overpayments this month.
Still chipping away at the total...final unsecured debt to repay currently £8333Proud to be Dealing With my DebtDFW Nerd 1154 Long Haul 1550 -
Got £5 back by getting rid of my Oyster card, apparently there was a £5 deposit on it. I don't use it any more as use contactless card. Also got just over £4 interest on a savings account which is empty, but I guess it must have had some money in it at some point in the last year! Sold some stuff on ebay but need to post it before I can see how much I made. So not enough for a % but feels good anyway!0
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Hey all, what a great challenge, I am subscribing and hope to join you very soon...3-month emergency fund (Cash ISA & PBs): £4744/ £6,000
Stocks and shares ISA: £1497
Additional pension contributions £0
Overpayment on mortgage: £0
Big Renno..£00
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