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

NeverendingDMP

Number 32. Now at 8.44%. This is above my target for the whole of this year. New sensible target is 10%. Wild crazy but who knows target is 12.5% wish me look.

GlendaSugarbean

Adventurewanted could you add me to the list? Am paying enough off the CC to clea it before the 0% rate runs out, but I would like to get rid sooner if possible! Just tidied my budget envelopes and found a 1% which for me is £21. So 1% now completed

Rachel24

Number 20 here, I'm now at 51%.
My aim is to clear this off by the end of this year then next will be 1 of my credit cards :-)

LLM2018

#21 update of 51% paid off so far.

remote_control

Number 48 on 40%!!! Half getting there and half a long way to go. I don't include the minimum payments and they are set up to go no matter what. So I am actually a little closer to 50% and may include them when I reach the actual half way point - i.e. when my balance is £1950. Can't imagine it starting with a 1!

Sold a big item for a good amount (£25) feels good as I am normally selling tiny things for pence.

remote_control

Number 48 - 42% that was quick! A couple of market research type things helped.

craftingmad

Hi everyone, I'm a bit late to the party but could I join in please
I want to raise £4000 so my 1% will be £40

BelleOfBilboa

AdventureWanted wrote: »

Welcome to the new home for the The 1% Challenge - 100 ways to make your 1%. Little Miss Uni debt started this amazing thread, and I’ve copied below her first post from the previous thread:

Three Golden Rules

1. You MUST pay your minimums to your debts each month (This is covering your interest) The percents you earn are in addition to covering your monthly minimums.

I'm a little confused whether we can count our monthly minimum repayments or not as %'s. Or can we only count additional %'s above what we normally pay back? Please could someone clarify.

Thank you in advance

lynseydee

BelleOfBilboa wrote: »

I'm a little confused whether we can count our monthly minimum repayments or not as %'s. Or can we only count additional %'s above what we normally pay back? Please could someone clarify.

Thank you in advance

Your %'s are in addition to the minimum payments you make so if you make your minimum payment on £1000 then pay an extra £10 after your minimum payment then you've paid 1%. I hope this makes sense.

remote_control

Yep I don't count my minimum payments towards my 1%. I figure it will mean I'll finish the challenge a little early!