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

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  • kirtsypoos
    kirtsypoos Posts: 3,825 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    14% on my current target at the moment! Keep plodding along!
    :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:
  • Hi Everyone,

    I've been following this thread for a while but think it's time I actually become accountable and tackle my debt!

    Total debt is £7217.47, so 1% is £73.00.


    Virgin Credit Card £1051.46
    Barclay Card £6166.01

    I've moved back in with my parents and have recently got a pay rise so I should be able to be quite aggressive!
  • happytails
    happytails Posts: 1,554 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 6 January 2016 at 2:16PM
    Hi all!

    First off LMUD well done for becoming debt free!!!

    We have had a jig up of money recently.

    Debt 1 - loan - £14718.88 (Paying nearly 2.5% monthly via DD, 40 months outstanding) - 1% is £147.19

    Debt 2 - Mum - £1650 (will be paying £275 per month Feb-July 16 to clear) 1% is £16.50

    Debt 3 - Credit Card - £1500 - 1% is £15. To be cleared ASAP.


    SAVINGS 1 - Holidays this year - £1000 - 1% is £10

    SAVINGS 2 - Florida 2017 Holiday - Saving £6000 - 1% is £60 - 16 months.

    Got a few things for sale and now DD is in nursery 3 days a week i am hoping to batch cook and work on more instock sewn/crochet bis for my business. I seriously need to cut down on costa coffee. This is my biggest downfall.

    This week i am to set the children savers accounts up and tidy up the budget. Small steps.

    Sarah x
    DFW Total £21,800 to clear by Dec 2022
    MFW Total £184,950 £179,066 to clear by 2035
  • ems85
    ems85 Posts: 14 Forumite
    edited 4 January 2016 at 4:27PM
    Hi

    Can i join please? I am looking at 2 debts that i want to get out the way first

    Debt 1 - £1.200 1%= £12
    Debt 2 - £400 1%=£4
  • blubella
    blubella Posts: 581 Forumite
    Tenth Anniversary 500 Posts Name Dropper Combo Breaker
    First 1% paid :j
    #4 DFBXMAS24 - £2,322.85/£5,000
    NSD Challenge - Jan 15/12, Feb 3/12, Mar 10/10 Apr 10/12, May 5/12.
    SPC #44


    Success is the good fortune that comes from aspiration, desperation, perspiration & inspiration ~ Evan Esar
  • kirtsypoos
    kirtsypoos Posts: 3,825 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    16% paid on my latest target!! Slowly but surely, as ever!
    :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:
  • LionessInWinter
    LionessInWinter Posts: 437 Forumite
    edited 15 January 2016 at 6:15AM
    We are finally at 69%, Christmas and over spending has really delayed any advancement.
  • kirtsypoos
    kirtsypoos Posts: 3,825 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    17%....still chipping away!
    :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:
  • Now at 70%
  • Hi

    Hope I can join in:

    Looking at the first CC to go in 2016 which stands at £324.80
    so 1% would be £3.25 have a money pot so will raid that tommorrow and make my first payment.

    Will update when I have
    218monthstogo (Government Retirement Date 2034)
    Change of Attitude for 2016: Pay, Save,& Invest
    Work on Net Worth: Assets - Liabilities.
    Totals 1st April 2016 £8091, May £8703, June £9343, July £10159
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