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

fedupandskint

Another 3% repaid onto credit cards - now 30% has been repaid - get in!

FallenArcher

Hi all, great to see you've all been making great progress.

Little Miss Uni Debt when you're next doing updates can you please put me down as complete... We finished clearing our debt at the start of June but think you must have missed that post :beer:

So, as planned, since then we have been completely frivolous, buying a holiday and things we don't need :rotfl: Feels nice to actually pay for things up front though!

We're now ready to start our savings- got a decent budget together which enables us to save about a third of our income without feeling ridiculously tight.

However, knowing how much we enjoyed our 100 ways challenge and how helpful it was in paying off debt we thought it would be good to set ourselves a new challenge which is to #164 to save an extra £5000, 1% £50, this will all go into a separate savings account and can't come from wages (unless it's an underspend against a budgeted pot!)

Looking forward to being active on here again and sticking to the MSE ways :T

leictina

Hi all have just updated my spreadsheets to the end of July and can report that I have now cleared 7% of my starting balance from the 1st April 2013. If I can keep up this pace I should be clear before I know it!!!!

happytails

Well £27 down after buying some uniform, nearly got it all though :j got 6 items on eBay ending, one with a £12 bid on it.

Expecting a £12 refund for a dress this week too.

Off to sew some birthday presents x

happytails

Lovely bit of spam there for a Monday morning *rolls eyes*

Offered my eBay item that I still haven't received payment for a week on to the lower bidder as I've emailed the buyer twice and no response so just hope the lower bidder accepts (only 50p lower)

Made some soup this morning so that's lunch and tomorrows lunch sorted

Got given a single duvet set off mum yesterday so going to keep that for when Evelyn goes in a big bed (probably this time next year lol)

Hoping to go through the kids toys this week and start listing bits that don't get played with ready for the birthdays and Xmas coming up. Also goingbto try the cloth nappies i have again for the kids as the disposables are costing £20-25 a month for 2 kids so I'm goingbto makeca conscious effort to keep on top of washing this and see how we go.

Sarah x

roxy7699

Hi,

I would like to join in please - better late than never.

My 1% is £19and look forward to marking off my grid.

Thank you.

happytails

Well this month just got interesting. Come home today to a letter from the bank saying they are taking our £1200 overdraft off us 29/08 and basically we need to find the money. Being customers since 2007 and always py our overdraft fee etc clearly means nothing. We will pay it back and close the account and never bank there again, they will loose out.

Sooo focusing on the o/d which is debt 2. 1% is £12, we have £625 already from the payment we were going to make to the credit card, our wee emergency fund and money for luxuries. Putting us at 52% I think. I got the cloth nappies back out (see my earlier post), cancelled £4 worth of cupcakes for Saturday and now looking for free things to do with the kids. Going to be looking at a month meal plan tonight and listing some stuff on eBay. Wish kids would get to bed so I can actually do the aformentioned not just type about it.

Worst case scenario is they'll take it off us we will get charged £5 a day for 2 days till payday then we will clear it and close account but trying to avoid that as september is going to be expensive x

ellesbellesxxx

@Sarah, what a pain Yes, although a nightmare I guess at least you will be shot of them once and for all... hope it gets sorted x

craftingmad

That's disgraceful Sarah (happytails). On the plus side think of all that motivation to get rid of them once and for all

Here's hoping you kick them into touch without having to give them another penny more than you have too

Go Sarah, go (if there was a cheerleader icon I would insert here )

happytails

crafting, we are hoping we can get it shifted. Planning on sorting out some Ebay stuff this afternoon if the kids behave. Raided my penny box, got £8 :j so saving of £25 using the cloth nappies and a further £8 brings us another £33 so now £658 which is 54% :j

DH has done some overtime this morning. will probably do overtime all week even just an hour in the morning will be a help.

Need to watch our groceries and petrol really as last month we spent £700 between the 2 :eek:

Sarah