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
-
Can I join again this year please. With being off work for 9 months last year I never managed to pay anything off (just seemed to respend what we did).
Going to aim for £5000 paid off this year so my 1% is £50.LBM in April 17 - Starting card debt £33554
Mortgage@1 June 18 - £76350
Total debt @june 18 £102311
Debt Jan 25 £8282
Mortgage £51215. Total debt now £594970 -
Please, can I join? My 1% is £73 ( £7300 between a loan and a credit card) I would like to pay an additional 1% a month (as well any other payments above the minimum I can make as and when ) so intend to make a payment of £17 each and every week for 52 weeks, will be taking a flask of coffee and a packed lunch every day when I return to work next week and also aim to reduce the weekly shop by £10 a week. The aim will be to transfer £17 from the bank to reduce the credit card balance each Friday, starting tomorrow!0
-
Can I join please I have cleared all of my debt apart from my car loan so am looking to save as much as I can therefore my 1% would be £61.37
Mortgage Amount Outstanding £116,682.20
2025 Mortgage-Free Wannabes #49 £1355.29/£1,250 (104.74%/100.00%)
0 -
After some back pay, saving pennies and clearing a savings account Imve managed to clear 50% of my overdraft!
It’s going to slow down immensely now so heading to eBay for a few more % and looking into Appen.LBM November 2019
Starting Debt: £52,803
September 2021 total: £36,471
Total paid: £15,683 29.9%
My debt free diary: https://forums.moneysavingexpert.com/discussion/6110976/here-s-to-the-future/p10 -
Can I join too for 2020 please. Goal is to pay at least £3000 off this year. So my 1% is £30.#7... 3 - 6 month Emergency Fund Challenge (part 2)
#22... 2025- 52 Week Envelope Saving Challenge0 -
I listed 20 items on ebay yesterday, one has already sold. It will all go towards my 1%s, I just need to calculate fees etc.Mum to 2 DSs, dog mum, wife full-time worker.
Keen to live a healthly lifestyle and save money0 -
Can I join in again this year please? My 1% is £32. I paid off over a quarter of my entire debt last year using this method, so looking forward to getting into it again!Debts: CC1: [STRIKE]£1675.83[/STRIKE] £2269.40 CC2: [STRIKE]£3209.11[/STRIKE] £707.56 CC3:[STRIKE]£704.04[/STRIKE] £235.69 OWE PARTNER: £0
2020 1% Challenge:0 -
My 1% is £299. Would like to join this - the big number (£29,991) seems like a lot but £299 much more reasonable - albeit a lot and I don't know how we could make that extra, but we could definitely find it through monthly budgeting. Great idea!0
-
I’d like to join please my 1% is £30, looking to save £3,000 this yearCompetition wins £14,136.30[\COLOR]0
-
May I join please.
My 1% is £153. I’m currently servicing the debit at 3.29% a month but would like to add in another 1% a month. The challenge is to cut costs and save that extra 1%.
Happy New Year!0
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