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

Ellie_BB

OMG! Just done a rough reckoning and think if I don't increase my repayments it'll take 6 1/2 blooming years to clear my debt even if most of it is on 0%!!!!!!!!!!!!!!!:eek::eek::eek::eek::eek:

glassy2010

hi all looking forward to crossing off another 1% at the new year also should have my finances rearranged by then and should start it coming down quicker

sure,_new_name

This is a great thread. For years I've ignored my debts because that seemed to big - not very clever i know!

Break it down and tackle it a bit at a time! So simple. I will join in please.

I don't know the figures right now but I have quite a few debts to clear. We will start with a debt which I think is around £400 and ill update properly when I check it tomorrow.

Surenewname - £400. 1% = £4.

Ill be back with updates and my plan of action later in the week.
:j

David x

craftingmad

Hi all and an especially big welcome to all the newbies. Its great to see that this thread is still inspiring people to chip away 1% at a time - Little Miss you should feel very proud


Brilliant progress from everyone considering it's that expensive time of the year - well done everyone


I have some BIG news to share - I have finally got around to paying in the money I had previously earnt from my craft fairs & facepainting but have also been sooooo busy with more craft fairs & parties that I also made quite a bit more from these last minute ones. Coupled this with my hubby & I's decision not to have crimbo presents this year but put the money into savings ready for another BTL house deposit I have just transferred £1200 into the savings account.


This means:-


Member 17 = 100%


Thanks to this thread I have managed to save £10k in two years - I am so happy

GreenSaints

Hi all,

I hope you are all excited for Christmas!

This will be my lat payments for debt busting, so my final total for 2013 is..............

*drum roll please*

Member #198 £6,773.16/£15,505.08 (43.68%) :T:T:T:T:T:T:T:T

It isn't the 50% that I was aiming for (thanks to the redundancy, massively lower paid job etc) however, I am still really pleased that my debt is now 4 figures, instead of 5! Plus it's 'not real' debt - just my Student Loan and Bank of Mum left

Have a fabulous Christmas and New Year - and see you in 2014 to get rid of the last bit!

happytails

Great news craftingmad and greensaints :beer:

We still need to play with figures for our end of year percentages. And we havent gotten paid yet as Dh didnt send the invoices in time but that will be next week i think.

Heres to an optimistic debt busting 2014 :beer::j Merry Christmas everyone!! xx

Maisie_M

Hi

I am joining up for this one with a small debt on a credit card but most of the min payment goes to the interest so I want to bust that one first. So total is £650 and 1% is £6.50. My aim is to pay as many percent per month as possible.

Can I have a number please.

prettyplease

I haven't been around much but this thread is brilliant. Having a new year debt planning session and am at £15212 remaining thus have paid of 36% since April.

All of my debt is at 0% and one until March 2016 (shiny new MBNA) so I am moving forward but taking my foot off the brakes a bit. I have divided the remaining balance on 3 cards into equal monthly payments until each one is paid off at the 0% end date.

jojitsui

Hope you have all had an amazing xmas. I have been offered a few 0% deals so will be transferring balances and paying off what I can ready to start a fresh in the new year So technically I am on 0% again. I am going to try my hardest to be debt 100% free in 2015 (except mortgage) Happy new year all

happytails

Er, anyone know why we have moved to Debt Free Diaries??

Nothing to add except we have slipped a bit with spending. Hoping to set things right by new year!

Sarah