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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 28th Dec 18, 7:27 PM
    • 1,308Posts
    • 4,520Thanks
    AdventureWanted
    2019 1% challenge
    • #1
    • 28th Dec 18, 7:27 PM
    2019 1% challenge 28th Dec 18 at 7:27 PM
    Welcome to the new home for the The 1% Challenge - 100 ways to make your 1%. Little Miss Uni debt started this amazing thread, and Iíve copied below her first post from the previous thread:

    What's it all about?

    Basically the idea is that money comes to us in lots of small ways and we don't often realise it. When faced with a big debt it can be overwhelming and we find ourselves just waiting for the next pay day when we can make a large payment.

    However, we shouldn't be counting paydays as that's really demotivating, we should be saying we're 100 steps away from being Debt Free or our Savings Target. Each step is 1%. You can do those steps as fast or as slow as you like, as long as you are making progress. There are many ways you can make your 1%. So many in fact that weíve put together a list of over 100+ ways you can make 1%. Some can even be done several times!!

    When the budget has settled and you have a long journey ahead of you, it often gets tough, trying to look for the light at the end of the tunnel. We often push ourselves hard but always wish we could pay more, do more and save more. Sometimes it's hard to be satisfied with the baby steps that we know are good for us.

    By doing it 1% at a time and celebrating every milestone, you're on the debt-free ladder & you know exactly which rung you're on. You can take the steps as fast or slow as you like. When you need to, you can pause for a while and reflect on your progress and then carry on renewed.

    We need to enjoy the journey and not just the destination.

    Three Golden Rules

    1. You MUST pay your minimums to your debts each month (This is covering your interest) The percents you earn are in addition to covering your monthly minimums.

    2. Always work with accurate balances. Honesty with yourself now saves you from being disappointed with your balances later on.

    3. When you feel overwhelmed or demotivated just focus on your next 1%


    How To Join in on the challenge! -

    Post in BIG colourful letters, your name, 1% and total so far. I'll add you to the list. e.g LITTLE MISS UNI-DEBT - 1% is £80.

    What you might need :-
    ē Moneybox / petty cash tin (keep your £s safe!)
    ē 100 wage envelopes, or 100 paperclips - (the freer the better - useful if you are saving physical money eg. change/money made from Facebook sales, etc)
    ē Notebook
    ē Free printable 100 square

    How to...
    Take your exact debt or savings total and divide by 100.
    Round UP to the nearest £1 or £10. This is your 1%
    In your notebook start a list of 100 ways that you can earn 1%
    Print the ideas list below for inspiration
    Use the thread for support & motivation
    Contribute new ideas and what worked for you
    Shout up and join the list & get a member number.
    Post a weekly/monthly update of what you've done and how you did it!
    Colour in your progress on your 100 square
    Put your member number in your sig, and your % so far & spread the word!

    Important Notes

    ***You MUST MUST MUST pay your minimum payments to all of your debts AND save your 1%'s as well.*** This is now a golden rule

    Your 1%'s are what you owe, your min payments are the interest you are paying. I consider the min payments as a 'service charge' the cost of rolling your debt on to the next month. This makes you consider just how much your debt is costing you each month!

    As you pay your 1%'s to your cards, your min payments will start to drop. The faster you put your 1%'s to your cards the less interest you will pay.

    If you save up to 100% and pay it off in one go this is MORE expensive than paying each 1% as soon as you have earned it. (I try to save 5% then pay it off)

    This challenge is probably best for debts/savings £20k or less.
    If you find your 1% still too daunting, just decide on how much you want to pay off this year. Divide it by 100. That should give you a 1% figure that is more suitable. Some find it easier to do one card at a time, starting with the highest interest rate.

    If your debt is still increasing through spending, this challenge isn't right for you yet. You need to go back a step to your SOA and re-work it until your debt is steady and you have a little room for overpayments. Then come back when you're ready!

    Please contribute your 1% ideas - we need to build a fantastic list for people to choose from!

    Anyone wanting to join please post in BIG letters and youíll get assigned a number.
Page 2
    • a_silver_lining
    • By a_silver_lining 30th Dec 18, 9:12 PM
    • 500 Posts
    • 1,700 Thanks
    a_silver_lining
    Right another £12 off the debt. I was over charged for a purchase and I chased and chased it and got a refund so sent it to debt.

    Quidco: 50.48
    Refund: 12

    Total 62.48/4K = 1.5%
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.
    11K OP 31.03.19

    Current goal: 0/5K saved for Ireland purchase in 2021
    • cybertortoise
    • By cybertortoise 30th Dec 18, 10:17 PM
    • 144 Posts
    • 1,015 Thanks
    cybertortoise
    Can I join please? I joined last year but stopped logging in due to life and other commitments. I did manage to pay off around £6000 last year though. Unfortunately I had to use credit of around £2000 to survive when things fell apart, but now they're almost back on track.My current debt total stands at over £13k, but I'm aiming to pay off more than £4k this year so that's what I'd like to track.


    Can my 1% be set at £40 please.
    Fresh start & LBM #3: 29.08.17 ~ Debt at highest: £23,583.27 ~ 26/12/18: £13,389.66 ~ 05.12.2019: £9653.06 ~ DFD aim: 31/12/2021 31/12/2020 ~ PAYDOB 2019 #32 : £3832.60/£4000 = 95.8% ~ 2019 1% Challenge #2: 95.8% (£4000 target) ~ Frugal Living Challenge 2020
    • fatpat
    • By fatpat 31st Dec 18, 9:20 AM
    • 44 Posts
    • 212 Thanks
    fatpat
    Hi, can I join?

    My debt isn't credit cards but a single loan, which I'd love to pay off early.

    My 1% is £50.
    • truebluemummy
    • By truebluemummy 31st Dec 18, 5:42 PM
    • 125 Posts
    • 817 Thanks
    truebluemummy
    I would love to join please.
    I have a total of 3k so my 1% is £30 x
    APRIL £5 a day £4.40/150
    • miss empty piggy
    • By miss empty piggy 1st Jan 19, 1:35 AM
    • 645 Posts
    • 6,677 Thanks
    miss empty piggy
    Please may I join?
    I'm rounding up to £3k for this challenge.
    1% is £30.

    Thanks 😃
    DFW Nerd No: 600
    • DestinyGamer
    • By DestinyGamer 1st Jan 19, 10:33 AM
    • 52 Posts
    • 552 Thanks
    DestinyGamer
    Happy New Year all!

    I canít believe itís 2019 already Iím well on my way to getting my first 1% too because I just sold 2 items on eBay last night. Has anyone else started? Iím fascinated to discover how everyone is making their monies.

    I wish you all a wonderful first day of the new year. Iíve got a good feeling about this one
    Total debt 12/18 £9365.74 | Now: £9337.65
    #12 2019 1% challenge 2% of 100%
    Loan £2552.25 | Now ...
    My debt free Diary is - 2019: Focus & Flow
    • Ian011
    • By Ian011 1st Jan 19, 4:01 PM
    • 2,312 Posts
    • 1,458 Thanks
    Ian011
    89. Phone Calls - Don't pay for expensive calls to banks etc - use the SAY NO TO 0845 for well hidden freephone numbers.
    Originally posted by AdventureWanted
    Usage of premium rate 084 and 087 numbers is now banned for most purposes.

    Usage by retailers, traders and passenger transport companies was banned by BIS on 13 June 2014.

    Usage by banks, card companies and insurers was banned by the FCA on 26 October 2015.

    Usage by government departments, their agencies and contractors was banned by the Cabinet Office on 26 December 2013.

    There is widespread compliance with these rules and rule breakers should be reported for further action.

    There should be no need to call any 084 or 087 numbers these days.

    When looking on the internet for telephone numbers do be aware of the "call connection service" scam. Any numbers found online and starting 084 or 087 are likely to be either out of date, or part of a scam.

    The sayNOto0870 website is still useful in a small number of cases.
    • cybertortoise
    • By cybertortoise 1st Jan 19, 8:10 PM
    • 144 Posts
    • 1,015 Thanks
    cybertortoise
    I made my first 1% today thanks to a refund from Amazon of a subscription I hadn't realised I was paying for. Apparently I'd paid 6 payments after a free trial ended, just goes to show that a small amount can go unnoticed! I'll be checking more carefully in future.

    I used £40 to pay towards a debt, and the rest has gone toward the car tax which I was going to be short on, saving me a trip to the bank to pay in the few £ I needed to. Didn't save me on parking as it's free round here but saved me on fuel!
    Fresh start & LBM #3: 29.08.17 ~ Debt at highest: £23,583.27 ~ 26/12/18: £13,389.66 ~ 05.12.2019: £9653.06 ~ DFD aim: 31/12/2021 31/12/2020 ~ PAYDOB 2019 #32 : £3832.60/£4000 = 95.8% ~ 2019 1% Challenge #2: 95.8% (£4000 target) ~ Frugal Living Challenge 2020
    • Sa1sysoo
    • By Sa1sysoo 1st Jan 19, 8:43 PM
    • 283 Posts
    • 1,202 Thanks
    Sa1sysoo
    #8 updating my front page figure. My 1% for 2019 will be £130.52
    2019 £2 Savers Club #6 - £0/£100 Target Weight Loss: 0/46
    2019 1% Club (#8) - 36.65%/100% Declutter 2019 in 2019 - 401/2019
    Joint Overdraft: £1,400/£1,500, Barclaycard (0%): £4,139.58/£5,197.37
    DH Overdraft: £1,800 Virgin CC (0%):£3,847.08/£3,857.70
    • crazy_cat_lady
    • By crazy_cat_lady 2nd Jan 19, 7:48 AM
    • 5,219 Posts
    • 46,723 Thanks
    crazy_cat_lady
    Morning all
    Please could I join in? My personal circumstances have undergone massive changes over the past year, and whilst I'm not fully sorted out I do want to minimise the impact. I'm aiming to pay off £5750 of debt as a minimum this year so my 1% will be £57.50.
    Thanks
    NST December #2 NSD = 4
    I am honestly trying my best
    • BelleOfBilboa
    • By BelleOfBilboa 2nd Jan 19, 1:25 PM
    • 38 Posts
    • 99 Thanks
    BelleOfBilboa
    Hello I am number 59 and my 1% is £20. Looking forward to clearing this debt in 2019!
    Next £362.91/£0; Natwest OD £2000/£0; Natwest Loan £1692.50/£0; CDL £5700/£2386.72; Bank of M&D £2710.35/£1965.35 DFD 31/12/19

    • Lozza001
    • By Lozza001 2nd Jan 19, 9:21 PM
    • 88 Posts
    • 242 Thanks
    Lozza001
    Hi There,

    I would really like to join this challenge. I've included my old student loan with this. My balance to clear is £4127.76.

    My 1% is £42

    Thanks
    Lozza
    Official DFW Nerd Club - Member no. 974 - Proud to be dealing with my debts

    CC1 £1800 as at Feb 18 £1631.67
    CC2 £1200 as at Feb 18 £88627
    CC3 £950 as at Feb 18 £886.27
    CC4 £790 as at Feb 18 £594.81
    • grassgirl
    • By grassgirl 2nd Jan 19, 10:17 PM
    • 359 Posts
    • 1,826 Thanks
    grassgirl
    Add please
    Hi my total is including a family memberís mortgage (ouch) so my total is
    32,000 so 320 is 1%.
    Eeek here we go!
    • craftingmad
    • By craftingmad 3rd Jan 19, 4:08 PM
    • 1,573 Posts
    • 6,173 Thanks
    craftingmad
    I'd love to join in please. My aim to get £5000 so my 1% will be £50.

    I can't wait to get started

    EDITED TO SAY - I have actually started. I cancelled an order for a new tumble dryer this morning as a friend of a friend was selling an almost new one for £80 (instead of the £180 I was going to pay brand new) and I've also canceled a direct debit for an unused membership which is saving me £50 over the course of a year so I'm declaring 3% of my target reached already


    I'm well on my way to my next percent as well as I returned £21 of things I ordered online today for a refund as I decided I no longer needed them
    Last edited by craftingmad; 03-01-2019 at 4:32 PM.
    Mortgage - £125k £32k £24k OP Made 2010 £29320 OP 2011 £4200
    BTL Mortgage £81K BTL Mortgage £82
    No Craft Spending in 2019 10/365 Stash Busting Challenge 2019 31/2019

    1% club member 17,18& 21 - 100% reached 3 times £10k New Target £300.57/£5000 6%
    NSD JAN 8/16
    • AdventureWanted
    • By AdventureWanted 3rd Jan 19, 9:52 PM
    • 1,308 Posts
    • 4,520 Thanks
    AdventureWanted
    Hi. I would like to join please with a debt to aim at for this year of £15000 - so my 1% is £150. I am very new at this but excited to get going for 2019 - you may have to bear with my rookie mistakes. Thanks
    Originally posted by Less Talk and More Action
    Hi Less talk and more action,
    Welcome to the 1% challenge. I've assigned you number 3. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 3rd Jan 19, 9:58 PM
    • 1,308 Posts
    • 4,520 Thanks
    AdventureWanted
    Can I join please?
    I have £3027.61 to pay off my 1% is £31
    Originally posted by chocolatelover93
    Hi chocolatelover93,
    Welcome to the 1% challenge. I've assigned you number 5. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • miss empty piggy
    • By miss empty piggy 3rd Jan 19, 10:00 PM
    • 645 Posts
    • 6,677 Thanks
    miss empty piggy
    I'm rounding up to £3k for this challenge.
    1% is £30.

    Thanks 😃
    Originally posted by miss empty piggy

    HI would it be ok if I join the challenge?

    Many thanks

    £3000 total
    1% will be £30
    DFW Nerd No: 600
    • AdventureWanted
    • By AdventureWanted 3rd Jan 19, 10:02 PM
    • 1,308 Posts
    • 4,520 Thanks
    AdventureWanted
    Can I join please?

    My 1 % s 50 pounds.

    thank you

    XXX
    Originally posted by Buffythedebtslayer
    Hi Buffythedebtslayer,
    Welcome to the 1% challenge. I've assigned you number 6. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 3rd Jan 19, 10:04 PM
    • 1,308 Posts
    • 4,520 Thanks
    AdventureWanted
    I would love to join please My 1% is £37.
    Got lots to save for this year but want to get rid of some debt too if i can
    Originally posted by weenapoops
    Hi weenapoops,
    Welcome to the 1% challenge. I've assigned you number 7. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 4th Jan 19, 6:28 AM
    • 1,308 Posts
    • 4,520 Thanks
    AdventureWanted
    Hi, can I join?

    My debt isn't credit cards but a single loan, which I'd love to pay off early.

    My 1% is £50.
    Originally posted by fatpat
    Hi fatpat,
    Welcome to the 1% challenge. I've assigned you number 9. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
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