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

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  • liz-paul
    liz-paul Posts: 899 Forumite
    I don't have any more %'s to declare but I have a new client signing next week which means that I will have a new child starting with me (I'm a childminder) in August which is a relief. The days/hours really suit me and it means that along with 2 other after schoolers I don't NEED to take on any more kids and I will earn more than I did in the last year..... Big relief :)
    1% at a time no. 40. £8000 (For dream family holiday) 94/100
    MFW 2013 no. 62 £10,000/£10,000
    MFW 2014 no 62 £8000/£7000
  • Sellurgranny
    Sellurgranny Posts: 237 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Hi all, have been a bit quiet on the posting front recently but still slowly chipping away at the %'s.... can now declare 30% for Member number 225.

    1st debt completely cleared... nasty Very catalogue who were charging me 44% interest :mad:

    Im determined to up my income this month so that i can make another 2% payment towards my CC2. Ive been keeping track of things by using the snowball calculator which I've found really helpful to give me an overview of how much to pay off and what to pay first according to highest interest rates on my debts.

    Have joined the make £10 a day challenge this month for a bit more inspiration too.
  • Morning all
    I don't think I have a number, but I'm pleased to announce my 1st 1%, I've been doing a payment a day, so chipping away slowly and then my minimum payment went out (slightly unexpectedly for me as I'd already paid off £450 this month, so didn't think they'd take the min payment too, but never mind), so I've got to my 1% a bit quicker than I'd thought.
    1% challenge - /100%
    NSD Jan 7/15
    Weight to lose - 6lb/29lb
    Learning from the past but focusing on the future :j
  • leictina
    leictina Posts: 297 Forumite
    100 Posts
    Hi all

    May was my first month of this challenge and i have managed to reduce the balance of my debts by 2.48% so i am claiming my first 2% and will carry the 0.48% on to next month.

    Well done to everyone who is slowly chipping away at their debts....
    LBM @ 01.01.12 TOTAL DEBT = £13301.77. LH number 320
    POAMAYC in 2013 #1 : £54.53/£10159.90
    1% challenge - 7% paid off.
    DFD @ 31.07.13 is April 2017 (45 months to go!)
  • happytails
    happytails Posts: 1,554 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well I have another problem with my car, the engine fans aren't working :( life is never easy
    DFW Total £21,800 to clear by Dec 2022
    MFW Total £184,950 £179,066 to clear by 2035
  • Skinnylatte
    Skinnylatte Posts: 1,244 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud! Home Insurance Hacker!
    Please can i join, I'm going to start with just 1 debt first, as 1% of the total is a bit scarey!
    sophie.christie and 1% is £12.80
    Pay off Car Loan £17,047 £10580 by Christmas 2022

    Mortgage 1 @ 23/03/2019 [STRIKE]£101297[/STRIKE]
    £84457 16.6% DI [STRIKE]£6.95[/STRIKE] £6.15
    Mortgage 2 @ 12/04/2015 [STRIKE]£136121[/STRIKE]
    £100,546 26.1
    % DI [STRIKE]£9.13[/STRIKE] £6.07
    1st LBM 02/06/2013 £[STRIKE]21595[/STRIKE] Debt Free Day 27/03/2015

  • Little_Miss_Uni-Debt
    Little_Miss_Uni-Debt Posts: 844 Forumite
    I've been Money Tipped!
    edited 4 June 2013 at 10:23PM
    Goooood Evening everybody! :D

    Great to see lots of new folks joining - welcome all! We're on page 1 too! I will be sure to add everyone to the list shortly in one giant update.

    Having a very busy time of it lately. Finishing up a contract (managed to get it extended by a few extra weeks which is very helpful!)

    Photography is getting to the busy season now so that's taking lots of arranging - August is going to be crammed!

    Little MSE tip for you all brought to you by my 10 year old nephew. Lego released their series 10 mini-figures recently. One of which is limited edition (only 5000 made). On the lego homepage you can see that less than 1000 have been found so far so there are still lots left to find.

    If you can find a rare Mr Gold - they're selling between £300 & £700 on ebay! Next time you're at the supermarket - pick up a pack, if it feels like one of the pieces is a top hat - it might just be the best £2 investment you make! :)

    Ciao for now!
  • WifeandMummy
    WifeandMummy Posts: 203 Forumite
    100 Posts
    hi, can i please join this challenge? I would like to save £3500 so i can pay my overdraft off. So 1% = £35 i have already saved 2% :) thanks xxx
    DEBT FREE BY CHRISTMAS 2015 - #018
    £204.38 / £11,360.14 1.8%

    SEALED POT CHALLENGE - #33
  • LoveaDove
    LoveaDove Posts: 491 Forumite
    Debt-free and Proud!
    :hello: Hi all 1%ers!

    I realise that I have been proceeding with my 1% challenge since May and haven't actually posted or even obtained an official 1% Challenge number. It was while I was crossing off my 1%s on my Cheeky Monkey 100 Square Table (Courtesy of this forum) that I thought it was about time I said 'Hello!' and made it official! :)

    **Newbie Alert!*
    My Debt at the time I started this challenge was: £3300
    My 1% is: £33
    Total % Paid to date is: 19%


    Little Miss Uni-Debt Thanks for starting the thread and when you're updating challengers, please add me to the list! :D

    Keep Going everyone, all of your suggestions are inspirational!
    :coffee:
    *Do More of What Makes You Happy*
  • pozza_73
    pozza_73 Posts: 195 Forumite
    Can I join in please? My debt is around £8000 and therefore the 1% is £80. Have paid £20 today so it is a grand total of 0.25% has been paid. Hey it can only get better right?
    Saving for Christmas 2017 £120/£400 :beer:
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