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1% challenge 2020

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Comments

  • pavlovs_dog
    pavlovs_dog Posts: 10,229
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    paid today: £60 
    paid (cumulative): £451/£642 (70%)

    remaining: £191
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • Barny1979
    Barny1979 Posts: 7,920
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    Refund on hotel for foreign trip next month, £140.48 paid, total of £1754.07 paid.
  • As my interest has fallen I'll be able to pay a little more every month - £127 paid this month.
    Updated total -
    £327/£1200 now paid
    :santa2:
  • pavlovs_dog
    pavlovs_dog Posts: 10,229
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    cashed out money for 2 surveys

    paid today: £8
    paid (cumulative): £459/£642 (71%)

    remaining: £183
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • x_raphael_xx
    x_raphael_xx Posts: 4,414
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Forumite
    Ooh interesting challenge!
    I actually rang the mortgage peeps today to see if they had an online portal so I could see my balance (transfered in Sept, old account had an app). Sadly they don't have one and I'll need to wait for my yearly statement. She did give me my current balance however.
    I then wondered how much 10% would be (as that's how much we can op without fees) it was a little unobtainable so I looked at 1%. Then I found this thread!
    Bf isn't quite on board, he still has his credit card to pay off, and is now out of work for the forseeable due to the current situation. But I will do what I can in the background and keep working on him.
    Mortgate was £121688 when we transfered, so 1% is £1216.88. We did have a credit of £443.05 after we transfered, so we paid that straight off. The remaining £773.83 will be harder!
    £443.05 / £1216.88
    Debt Free as of 17/01/2009 Turtle Power!!

    EF Challenger #3 £1543.72 / £5000
    MFW 2024 #100 £1300.00 / £10,000

    MFiT #40 Jan 2025 Target - £99,999.00
    Mortgage at 30/09/22 £113,694.11 | Mortgage at 24/01/23 £110,707.87
    Mortgage at 21/04/23 £107,701.01 | Mortgage at 20/07/23 £106,979.65
    Mortgage at 04/10/23 £106,253.77 | Mortgage at 10/01/24 £105,324.57
    Mortgage at 01/04/24 £104,424.73 | Mortgage at 01/10/24 £103,594.98
  • £33.34 paid today.
    Total paid £130.26.
    23.05% of target achieved.

    Debt Busting Again in 2026

    Starting Debt 03.05.26 £5345. Total 01.10.26 £2994

    Challenge 1 - Clear M&S Card: Starting Balance 03.05.26 £600, cleared 05.07.26

    Challenge 2 - Clear V12 Finance: Starting Balance 05.07.26 £600, cleared 12.08.26

    Challenge 3 - Clear Barclaycard: Starting Balance 12.08.26 £940, current total 01.10.26 £344

  • 5erge
    5erge Posts: 108
    Ninth Anniversary 10 Posts Combo Breaker
    Forumite
    edited 9 April 2020 at 2:34PM
    Jan £32.65
    Feb £30.53
    Mar £50.00
    April £50.00
    Into 36k range by June with no limit on my over payments.
    £56/279
  • pavlovs_dog
    pavlovs_dog Posts: 10,229
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    hope everyone is keeping well.  

    paid today: £100
    paid (cumulative): £559/£642 (87%)

    remaining: £83
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • nat21luv
    nat21luv Posts: 3,435
    Part of the Furniture 1,000 Posts Name Dropper Cashback Cashier
    Forumite
    Total debt: £14202
    1% £142
    Current debt: £2513

    I’m currently on 83% of my total debt paid off but I’ve saved an extra £1000 as a secondary emergency fund. I plan to use this to pay off debt if I don’t need to use it. So I’m actually at 89%.

    I set myself the goal to be debt free by July and I have hopes I may even be able to do it by end of May or early June. May’s monthly payment will see me at 91%. Fingers crossed!
    2025 Mortgage start £378K 2025 Overpayment £103 Savings Challenge 2025 **MONEY MAKES ME HAPPY**
  • savingholmes
    savingholmes Posts: 29,235
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Paid £530 off so far of the £1450 challenge = so 36.5% so slightly ahead of target. We should get better still as our contractual payment has dropped by £80 a month - so while that's the case can over-pay more at no extra cost.
    Achieve FIRE/Mortgage Neutrality
    1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
    2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
    3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 2028
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