We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
The Forum is currently experiencing technical issues which the team are working to resolve. 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!
2020 1% challenge
Comments
-
Hi all,
will try and update the figures tomorrow.Since having baby number 4 a few months ago I just don't have time to come on the forum as much anymore, so I won't be starting a 2021 1% challenge. I'm really hoping that someone on this thread will set one up and take on the running of it. It's easy to set up a new thread and I usually copy and paste the first few posts from this thread to the new one so people understand how the 1% challenge works.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 £15,010.60.0 -
AdventureWanted said:Hi all,
will try and update the figures tomorrow.Since having baby number 4 a few months ago I just don't have time to come on the forum as much anymore, so I won't be starting a 2021 1% challenge. I'm really hoping that someone on this thread will set one up and take on the running of it. It's easy to set up a new thread and I usually copy and paste the first few posts from this thread to the new one so people understand how the 1% challenge works.0 -
I would love to join next year but everything is so up in the air! I am putting over payments into savings at the moment rather than paying off my 0% cards.0
-
#46 now at 15%, just last dd to come out on the 25th Dec. Merry Christmas everyone x0
-
#46 dd came out so finishing the year at 16%, hoping to clear the remainder next year. Hope you all have a lovely Christmas 🎄 x0
-
Thank you so much for running this thread @AdventureWanted I have found it a great way to keep motivated, and I'm blown away by how much I have surpassed my original goal by. Hopefully someone will pick up the baton for 2021.
My final payments for the year have gone out. I would in the past have counted them in next months totals, as I'm paying with next months money, but it got a bit complicated so I'm adding the totals to here and starting afresh on Jan 1st. Total paid 44%https://forums.moneysavingexpert.com/discussion/6086606/debt-free-by-23/p1
True LBM, December 2019 = £32934. Current Debt = £12762. 1% Challenge = 61.1%. #51 3-6 Month EF Challenge = £1200/£6000
1 -
-
I’m happy to keep going from last year but have joined the pay off all debts in 2021 challenge x0
-
SuperSavingD said:I’m happy to keep going from last year but have joined the pay off all debts in 2021 challenge x
I'd be up for this & have set my own intermediate challenge with the 1st goal being £520 to clear off a Barclaycard debt1 -
I don't know if anyone is doing this still but I'm up to 55% thanks to selling stuff on ebay0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.5K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.5K Work, Benefits & Business
- 598.2K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards