We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

2018 1% Challenge - 100 ways to make your 1%

Options
191012141548

Comments

  • Adventure wanted would it be possible to change my 1% total as i was planning to clear my loan this year however i have decided to keep my car for the time being at least and now i want to focus solely on my credit cards and then next year tackle my loan. Based on that my new 1% would be £41 and my current 1% paid off would be 6.10%

    Yep all changed :)
    LBM Aug 2017.
    Debt at LBM - £30,055
    Debt at highest - £43,148.59
    Current debt - £18,880.00
    EF - £1,000.00

    Challenges
    PAYDBX 2021 - #29 Pd £2,355 / £8,000 PAYDBX 2020 - Pd £6,459.00 | PAYDBX 2019 - Pd £16,945.60 | PAYDBX 2018 - Pd £15,010.60.
  • So today my dd has come out for cc4 meaning I have finally achieved my 1st 1%. Only £8.40 away from the 2nd, so hopefully I can round down my bank account tomorrow to achieve this.

    #1 = 1% paid
    LBM Aug 2017.
    Debt at LBM - £30,055
    Debt at highest - £43,148.59
    Current debt - £18,880.00
    EF - £1,000.00

    Challenges
    PAYDBX 2021 - #29 Pd £2,355 / £8,000 PAYDBX 2020 - Pd £6,459.00 | PAYDBX 2019 - Pd £16,945.60 | PAYDBX 2018 - Pd £15,010.60.
  • A_Random_Man
    A_Random_Man Posts: 1,167 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hi everyone i have decided to make a payment to clear my first credit card so now it has 0 balance this now means my total is:

    #11 20.29% Paid Off

    Mortgage Amount Outstanding £116,682.20
    2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
  • With the original debt, do I take 1% of the monthly payments or 1% of the loan amount, not the interest?
  • Rachel24
    Rachel24 Posts: 214 Forumite
    Part of the Furniture Combo Breaker
    Number 20 - finally got my 1% made from eBay sale 😊
  • lynseydee
    lynseydee Posts: 1,808 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    With the original debt, do I take 1% of the monthly payments or 1% of the loan amount, not the interest?

    You take your debt amount either over one debt or all of them if you feel this is achievable. For example if you owed £1,000 your 1% would be £10.
    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
  • Rachel24
    Rachel24 Posts: 214 Forumite
    Part of the Furniture Combo Breaker
    Number 20 - now at 2% :-)
  • dizzytina
    dizzytina Posts: 777 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Number 29 checking in :-) Just returned a top that I ordered in the sales and used the money to make a payment off my card so that's another £13.20. Just £3.14 till I reach 1% so I will list some items on ebay and facebook tonight to try and achieve it this week.
    V 12500 B 8300 N 1900 Oct £51/£155
  • #24 back with another 2% :j had £250 appear in my bank today for a bank switch! Thrilled!!
  • No. 26 reporting in with 2%
    February Grocery Budget: £190.75/£350.00
    NST no. NSD 4/15
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.