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

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  • MissMonkeypenny
    MissMonkeypenny Posts: 22 Forumite
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    Oh! I'd love to join in, if I may!

    The credit card is the first on the hit list, it currently stands at £2200.

    So that's 1% = £22
    B/card - £110 / £2200 (@0%) 1% challenge - 5% / 100%
    Loan - £0 / £13900 (@4.9%)
    Overdraft - £-942.79 / £-1800

    Mortgage - £58000 ish (awaiting login details)
  • MissMonkeypenny
    MissMonkeypenny Posts: 22 Forumite
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    Payday and I had 100 extra, so straight off the card.

    £110 paid = 5%
    B/card - £110 / £2200 (@0%) 1% challenge - 5% / 100%
    Loan - £0 / £13900 (@4.9%)
    Overdraft - £-942.79 / £-1800

    Mortgage - £58000 ish (awaiting login details)
  • Aamberle
    Aamberle Posts: 559 Forumite
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    Hi could I join please? Doing 1 debt at a time to stay motivated.

    So current balance is £1200. So 1% is £12.00.

    Thanks
    2012 The year I started dealing with my debts.
    2017. Lets start this again shall we?

    Debt 1 Cleared 2/1/17 £480 Gone forever :j
    Debt 2 100/598
  • Aamberle
    Aamberle Posts: 559 Forumite
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    So 7% off this so far balance now £1110.12..Determined to get there.
    2012 The year I started dealing with my debts.
    2017. Lets start this again shall we?

    Debt 1 Cleared 2/1/17 £480 Gone forever :j
    Debt 2 100/598
  • misselvis
    misselvis Posts: 285 Forumite
    Energy Saving Champion
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    Should have added it at payday but have paid off my first 6%
    off my balance so my grid is getting a bit of colour
    What a fabulous idea- baby steps but in the right direction
    misselvis proud and in motion - dealing with her debts step by step :)DFW #107
    challenge pay off 6.5k by the end of 2017~ £388/£6500 challenge 1% challenge = 6% of debt cleared; challenge - build up 3 months emergency fund- £0/£6000
  • happytails
    happytails Posts: 1,554 Forumite
    First Anniversary Combo Breaker First Post
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    Re-checking in here.

    I have new totals

    Debt 1 CC £1800
    Debt 2 CC £4400
    Debt 3 Mum £2600
    Debt 4 Overdraft £600
    Debt 5 Loan £15000

    I'm focusing on debt 1 and 4 at the moment as Debt 2 is 0% for a while yet and the others come out monthly.

    Debt 1 - 1% is £18 and so far i've paid 1%
    Debt 4 - 1% is £6 and so far still sat at 0%

    Aiming to clear these 2 by New Year so i best get a wriggle on! Hubby is doing a fair bit of overtime which should help with Debt 4.
    DFW Total £21,800 to clear by Dec 2022
    MFW Total £184,950 £179,066 to clear by 2035
  • NotNormal
    NotNormal Posts: 193 Forumite
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    Late to the party but I'd like to join... 1% = £27.35
    20% paid so far. Looking to pay an extra 1% this month to get my largest debt under the £1k mark :D
    No more making the same mistakes!
    Debt Paid £549/£2735 20.1%
  • lynseydee
    lynseydee Posts: 1,802 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
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    I'm still following this thread but not actively taking part so to speak. I have managed though to get all my debt onto 0% and once my finances are sorted out (tax credits have changed) I'm hoping to put money to one side so that I have a lump sum to pay off if I can't get another 0% deal near to the time my 0% deals end and so reducing my overall debt that way.
    Did owe £9,951.96

    Now helping hubby pay off loan. Finally paid off :j

    Owe Virgin [STRIKE]£5,950.00 [/STRIKE]at 0% til June 2009 £3,427.89. Owe HSBC [STRIKE]£5,460.78 [/STRIKE]2.9% til May 2010 £3,703.07. Owe Post Office £1,676.62 at 0% til September 2010
  • happytails
    happytails Posts: 1,554 Forumite
    First Anniversary Combo Breaker First Post
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    Updating - Debt 4 is paid. Tackling debt 1 now!
    happytails wrote: »
    Re-checking in here.

    I have new totals

    Debt 1 CC £1800
    Debt 2 CC £4400
    Debt 3 Mum £2600
    Debt 4 Overdraft £600/£600 100% paid!
    Debt 5 Loan £15000

    I'm focusing on debt 1 and 4 at the moment as Debt 2 is 0% for a while yet and the others come out monthly.

    Debt 1 - 1% is £18 and so far i've paid 1%
    Debt 4 - 1% is £6 and so far still sat at 0%

    Aiming to clear these 2 by New Year so i best get a wriggle on! Hubby is doing a fair bit of overtime which should help with Debt 4.
    DFW Total £21,800 to clear by Dec 2022
    MFW Total £184,950 £179,066 to clear by 2035
  • lynseydee
    lynseydee Posts: 1,802 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
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    Well done happytails, you must be so happy
    Did owe £9,951.96

    Now helping hubby pay off loan. Finally paid off :j

    Owe Virgin [STRIKE]£5,950.00 [/STRIKE]at 0% til June 2009 £3,427.89. Owe HSBC [STRIKE]£5,460.78 [/STRIKE]2.9% til May 2010 £3,703.07. Owe Post Office £1,676.62 at 0% til September 2010
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