1% challenge 2023

Highlanddream

craftingmad said:

Highlanddream said

You are an inspiration!  I am at 16,000 of 30,000, started last September. 53%. I think I need to add more each month after reading your posts  

Aww thank you. I always worry I am putting people off this thread with my huge amount to clear and contact posts. 
You have already made amazing progress in just a few months so I think you are inspiring a lot of people (including me) too. 
What things are you doing to help clear your amount owed?

I started a side hussle, buying and reselling second hand stuff which is taking over! It feels like it is really slow going, will be slower over the summer as I  probably won't spend so much time in front of the laptop in nice weather.  

Highlanddream

NeverendingDMP said:

Well folks DH is back in work and for now at least my debts are going downwards again. (They increased whilst he was on SSP). I've looked back to the beginning of this thread when I've declared that debts in my name were 8090. That puts me at 14% paid off at present from the start of the thread. My 1% is 80.90. I'm back in the challenge ha ha !

LOL, well done for being back in the challenge it is hard work to keep going. I am thinking about easing off over Christmas to enjoy a few treats, but maybe I should wait before making any decisions like that!   

craftingmad

NeverendingDMP said:

Well folks DH is back in work and for now at least my debts are going downwards again. (They increased whilst he was on SSP). I've looked back to the beginning of this thread when I've declared that debts in my name were 8090. That puts me at 14% paid off at present from the start of the thread. My 1% is 80.90. I'm back in the challenge ha ha !

yay - great news. Its fab to have you back
Cannot wait to hear all about your progress. I have absolutely no doubt that you are going to get that debt paid off.

Good luck x

craftingmad

Only me - popping in with another quick update

I have added a further £319.37 thanks to my cafe wages

My total now currently stands at £60956.70/£81700 = 74.61% 

Small progress but moving slowly towards my next whole percent  

NeverendingDMP

craftingmad said:

NeverendingDMP said:

Well folks DH is back in work and for now at least my debts are going downwards again. (They increased whilst he was on SSP). I've looked back to the beginning of this thread when I've declared that debts in my name were 8090. That puts me at 14% paid off at present from the start of the thread. My 1% is 80.90. I'm back in the challenge ha ha !

yay - great news. Its fab to have you back
Cannot wait to hear all about your progress. I have absolutely no doubt that you are going to get that debt paid off.

Good luck x

Thankyou. It's not going to be fast but slow and steady will get me there in the end. I'm at 15% after moving my chase rewards and round ups!

NeverendingDMP

craftingmad said:

Only me - popping in with another quick update

I have added a further £319.37 thanks to my cafe wages

My total now currently stands at £60956.70/£81700 = 74.61% 

Small progress but moving slowly towards my next whole percent  

It's all in the right direction. Well done !

craftingmad

NeverendingDMP said:

craftingmad said:

NeverendingDMP said:

Well folks DH is back in work and for now at least my debts are going downwards again. (They increased whilst he was on SSP). I've looked back to the beginning of this thread when I've declared that debts in my name were 8090. That puts me at 14% paid off at present from the start of the thread. My 1% is 80.90. I'm back in the challenge ha ha !

yay - great news. Its fab to have you back
Cannot wait to hear all about your progress. I have absolutely no doubt that you are going to get that debt paid off.

Good luck x

Thankyou. It's not going to be fast but slow and steady will get me there in the end. I'm at 15% after moving my chase rewards and round ups!

Slow and steady wins the race. I'm always amazed hoe much the little amounts really add up too.
Good luck x

craftingmad

Morning all,

Its hubby's payday today and we got a nice little extra amount in OT this month as they forgot to pay him it last month so we have received two months worth today so I have transferred £2k into the OP savings account.

It is also interest day on one of our savings accounts so that has added a further £299.45 which I love as it is basically money I have had to do nothing to get  

My total now currently stands at £63256.15/£81700 = 77.42%  

Wahoo we are over three quarters of the way to be being able to pay off BTL number 2  

Sadly our interest amounts will drop considerably next month as we will be using £32K of the money saved to pay off BTL1 when the fixed rate expires but hey ho - we won't be paying interest on one mortgage so its still a win win situation

NeverendingDMP

craftingmad said:

Morning all,

Its hubby's payday today and we got a nice little extra amount in OT this month as they forgot to pay him it last month so we have received two months worth today so I have transferred £2k into the OP savings account.

It is also interest day on one of our savings accounts so that has added a further £299.45 which I love as it is basically money I have had to do nothing to get  

My total now currently stands at £63256.15/£81700 = 77.42%  

Wahoo we are over three quarters of the way to be being able to pay off BTL number 2  

Sadly our interest amounts will drop considerably next month as we will be using £32K of the money saved to pay off BTL1 when the fixed rate expires but hey ho - we won't be paying interest on one mortgage so its still a win win situation

What good progress and how exciting to be able to hand the money over to pay off BTL one.  You will officially completely own not one but two houses !!

craftingmad

NeverendingDMP

What good progress and how exciting to be able to hand the money over to pay off BTL one.  You will officially completely own not one but two houses !!

It certainly is something we are looking forward too