1% challenge 2023

craftingmad

NeverendingDMP said:

craftingmad said:

I love the last day of the month as it's payday for Hubby
This month's money included lots of OT so I have transferred over £2000 into the OP savings pot ready to earn some lovely interest before being used to pay off the mortgage when the fixed rate ends. 
Talking about interest, the savings accounts have earned £250.50 interest this month so this has been added into the pot too

so my total is now £17262.87 = 36.49%

That means we are over a third of the way to paying off our first BTL mortgage   

It's all going really well. Well done you.
My savings are depleted ...whoops but the kids have all earned some over the past year even with their savings accounts not being that big. It's surprising how quickly interest can add up isn't it. I was quite happy when I opened their statements:)
Good idea about having it ready for the mgage too once the fix expires

Thank you.
Oh I know only too well how quick it can all disappear - been there and done that several times. Just hoping now that it does not happen again! 

Great news about the kids earning interest - you are right - it really does add up. I look at it as "free money" as I don't have to put any effort in to get it  

craftingmad

Another £15 added to the OP savings pot today ready to pay off the mortgage when the fixed rate comes to an end.
This was made up of a NSD yesterday (£5) and cashing out a £10 Airtime Reward voucher (I love this site as I don't have to do anything extra to gain the points to turn into rewards). 

My total is now £17277.87/£47300 = 36.52% 

Small progress but progress none the less  

NeverendingDMP

I'm at 2% paid. Current debts are 19289/19772

craftingmad

I've had a NSD today so have added £5 to the OP savings pot.

My total now stands at £17282.87/£47300 = 36.53%

Tomorrow I will pay in my chippy wages of £194.40 and also have two winning scratch cards (anniversary present from my parents) so will be able to add a further £9  

NeverendingDMP

Just popping on to say I'm at 3% . Progress will be slow from now on but it's a decent start. 

craftingmad

NeverendingDMP said:

Just popping on to say I'm at 3% . Progress will be slow from now on but it's a decent start. 

3% is an amazing start and no matter how slow your progress it is still progress so well done x  

craftingmad

I've managed to add another £404 to the OP savings pot today made up of my chippy wages (£194.40), scratch card winnings (£9) and Etsy earnings for June (£200.60).

This brings my total up to £17686.87/£47300 = 37.39% 

I'm creeping up slowly but surely  

NeverendingDMP

The back pay helped ha ha. I'll aim for 5% by end of year and see how I get on

craftingmad

I've just added another £37.88 to the OP savings account made up of £25 from orders paid via paypal for June and £12.88 from using the Lidl 10% off voucher I earned in June. 

This brings my total up to £17724.75/£47300 = 37.47% 

Should be able to add another £15 tomorrow thanks to a shop and scan reward and a NSD  

craftingmad

Me again - sorry  

I managed to add £15 (£10 shop and scan voucher and £5 NSD) to the OP savings pot yesterday so:-

My total now stands at £17739.75/£47300 = 37.5% 

Only £236.50 to go until I hit 38% - written like that it seems so far away