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2020 1% challenge

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Comments

  • Sharon87
    Sharon87 Posts: 4,011 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    By the end of this month after all my DDs have come up I'll be on 14%

    My debt is now below 10k for the first time in years! 
  • gettingtheresometime
    gettingtheresometime Posts: 6,911 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    edited 20 April 2020 at 11:35PM
    #8 checking in after a long hiatus.
    I've still been chipping away at the debt and realised that I've cleared 50% of my target so am well chuffed with that.
    I've also cleared the card with the extortionate apr with my interest free overdraft so every penny will now go to effectively clearing the debt....just got to make sure that the overdraft is cleared before I start getting charged for that instead!
  • ditty1234
    ditty1234 Posts: 2,116 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Hi I dont know if I have a number byt my 1% is £50 and I am now on 2% this is my savings for a housing deposit when ever I need to move in the future!
    Isa help to buy: 1000/3000 33%
    Emergency fund: 100/1000 10%
    Weight loose 8.6 kg - while having fun. 0/8.6 0%
    Focus debt to clear HSBC £10/1111, 0% updated May 25
  • Is anyone running this thread anymore. I would love to join in 
    Total debt when my journey began in December 2022- £66,133.42
    Current debt May 2024- £40,064.57
    Repaid 39.42%

    My Debt Free Wannabe Diary
    https://forums.moneysavingexpert.com/discussion/6411146/the-final-bite-of-the-cherry-journey-to-clear-66k#latest

  • AdventureWanted
    AdventureWanted Posts: 1,474 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Hi all,
    I will be updating the thread later tonight. Sorry it's taken a while, real life has been really manic.
    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.
  • AdventureWanted
    AdventureWanted Posts: 1,474 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Hi all, 
    Please see below for new challengers numbers.  Firstly welcome to the 1% challenge. I hope you find it usual in helping to reach your debt busting/savings goals.   If you could mention your challenger number and the percentage reached in your updates (and bold the number and percent reached) that would make it lots easier for me when it comes to updating the thread.  e.g.  #1 now at 38%.
    Good luck to you all with your 1%'s

    New challenger numbers
    #34 - tigwell
    #35 - a_silver_lining
    #36 - df-Mres_student
    #37- craftyali
    #38 - princesst84
    #39 - ditty1234
    #40 - nat21luv
    #41 - jem1276
    #42 - outoftheviciouscircle  

    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.
  • NeverendingDMP
    NeverendingDMP Posts: 2,173 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    #17 checking in. Ive gone backwards a little bit unfortunately. I was at 7% paid but current circumstances have put debt payoffs on the back burner and increased the debt slightly.  Im at 3.6% paid now of my 19033 starting point.  On the plus side i still have a small EF have food in the cupboards and can pay current bills etc. Ill try and get back up to the 7 % paid over the next few months. 
    Keep going folks x
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 May 25- just over 65k

    June 25 Debts in my name only £5550
  • lynneee
    lynneee Posts: 877 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 19 May 2020 at 12:21AM
    Hi all, just a quick update, as I have forgotten to post for a while. I've paid off a massive 77% of my debt now, and hopefully it will be gone by the end of June! (when my 0% interest rate runs out). I am very pleased with this, thank you for running this thread Adventurewanted, it's been very helpful.

    So #16 with 77% paid!! 😊
    mortgage £800 overpayment 2022. £600/£2400 2023 🙂 savings £1853/£1800 😊
  • lynseydee
    lynseydee Posts: 1,806 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Can I ask how you all know what extra you have to put towards your debts from any disposable income?  I have four different incomes that come in at different times of the month. Unfortunately my laptop is broken otherwise I would put everything on an excel spreadsheet so was wondering if there are any apps or other methods you use that I might find useful.  Thank you.
    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
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    I have moved this thread to Debt Free Wannabe Challenges

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
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