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

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  • elly68
    elly68 Posts: 2,556 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well my cc is now under the 8000 mark made me happy to see i double the minimum payment about a year ago and it slowly went from accrueing interest to paying off more than the interest is it certainly feels good
    So finally debt free and it feels amazing however continuing here to stay debt free.Next declutter house and body and finally swim under that waterfall x
  • kirtsypoos
    kirtsypoos Posts: 3,825 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Hello!

    I'd like to join please if that's ok - I'm focusing on two debts at a time so my first one is £383.61 and second is £600.00. My 1% is (1) £3.83 and (2) £6.00.

    Got my envelopes at the ready and looking forward to this one :)

    K
    :j PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID :j LBM 24/07/15 - Original Debt: £0/31010.23 (100% paid) :eek:
    Mortgage - £151.316.54 :eek:
  • crazy_cat_lady
    crazy_cat_lady Posts: 7,063 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 11 August 2015 at 5:43PM
    Hello
    Please may I join in here? I am coming towards the end of my DMP but am just about to get into debt with an expensive vet bill, which I've had to take out a credit card for. Little 1% targets would be brilliant for me.
    The bill is an estimated £1000 (could be more or less than that). I've allocated £537 so far, so am going to break the remaining £463 into 1% chunks of £4.63 - which sounds far less daunting.
  • jdjd83
    jdjd83 Posts: 46 Forumite
    Seventh Anniversary 10 Posts Combo Breaker
    Can I join please I am combining a personal loan and cc so
    1% of 8300
    Loan4795/12000
    Credit card: 700
    2pound- £42
    Determined to do this:j
  • fedupandskint
    fedupandskint Posts: 10,358 Forumite
    Part of the Furniture Combo Breaker
    37% repaid mainly through overpayments on the loan. Looking forward to reaching the next milestone of 50%.

    13% to go until I get there!
    final unsecured debt to repay currently £8333
    Proud to be Dealing With my Debt
    DFW Nerd 1154 Long Haul 155
  • kirtsypoos
    kirtsypoos Posts: 3,825 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Hello,

    I've hit 10% in my envelopes and will be paying into the bank to pay off tomorrow AM :)

    £98.60 down, £884.40 left to go :)

    My OH can't understand how envelopes can help, he's not as literal as I am so it's a big help for me!
    :j PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID :j LBM 24/07/15 - Original Debt: £0/31010.23 (100% paid) :eek:
    Mortgage - £151.316.54 :eek:
  • jojitsui
    jojitsui Posts: 403 Forumite
    Part of the Furniture Combo Breaker
    I went AWOL but I have returned! My 1% has reduced from £45 to £35 so not all bad!
    Make £10 a day, October 2023 - £105/£310
  • Hello :hello:

    Can I join in with this challenge? My aim is to clear off a £4000 credit card balance so my
    1% is £40. Oh, and I'm 1% there already only another 99% to go!
    Extra Payment Every Week 2016 = £40.91

    1% Challenge = 1% / 100%
    Swagbucks 2016 = £74 Amazon Vouchers
  • fedupandskint
    fedupandskint Posts: 10,358 Forumite
    Part of the Furniture Combo Breaker
    £50 overpaid off the long term loan from eBay sales, another chunk paid off
    final unsecured debt to repay currently £8333
    Proud to be Dealing With my Debt
    DFW Nerd 1154 Long Haul 155
  • kirtsypoos
    kirtsypoos Posts: 3,825 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    I've paid 100% off debt (1) Woo! :j

    16% off debt (2)

    Getting there slowly but surely!
    :j PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID :j LBM 24/07/15 - Original Debt: £0/31010.23 (100% paid) :eek:
    Mortgage - £151.316.54 :eek:
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