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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 11th Dec 17, 7:36 PM
    • 551Posts
    • 1,636Thanks
    AdventureWanted
    2018 1% Challenge - 100 ways to make your 1%
    • #1
    • 11th Dec 17, 7:36 PM
    2018 1% Challenge - 100 ways to make your 1% 11th Dec 17 at 7:36 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
    • parpirate
    • By parpirate 16th Dec 17, 1:15 PM
    • 8 Posts
    • 18 Thanks
    parpirate
    Didn't enjoy adding my debt up, stands at 13,379 so 1% would be £134.
    • AdventureWanted
    • By AdventureWanted 16th Dec 17, 9:58 PM
    • 551 Posts
    • 1,636 Thanks
    AdventureWanted
    Thank you so much for setting this up, Adventure Wanted.
    My total debt stands at £13,052.00, meaning my 1% would be £130.52
    Originally posted by Sa1sysoo
    Hi, welcome to the 1% challenge. I have assigned you number 8 on the challengers list. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 16th Dec 17, 10:00 PM
    • 551 Posts
    • 1,636 Thanks
    AdventureWanted
    Didn't enjoy adding my debt up, stands at 13,379 so 1% would be £134.
    Originally posted by parpirate
    Hi, welcome to the 1% challenge. I have assigned you number 9 on the challengers list. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    • Maddie57
    • By Maddie57 17th Dec 17, 7:13 PM
    • 137 Posts
    • 607 Thanks
    Maddie57
    Hi

    I'd like to join please. The debt I would like to tackle is £1678 so my 1% is £16.78.

    thanks
    Maddie
    Growing old is mandatory
    Growing up is Optional
    • AdventureWanted
    • By AdventureWanted 17th Dec 17, 7:59 PM
    • 551 Posts
    • 1,636 Thanks
    AdventureWanted
    Hi

    I'd like to join please. The debt I would like to tackle is £1678 so my 1% is £16.78.

    thanks
    Maddie
    Originally posted by Maddie57
    Hi, welcome to the 1% challenge. Iíve assigned you number 10 on the challengers list. If you can mention your number when you check in thatíd be great. Good luck with your 1%s.
    • Blackberrycurved
    • By Blackberrycurved 17th Dec 17, 11:08 PM
    • 91 Posts
    • 634 Thanks
    Blackberrycurved
    Number 7 touching base to say I!!!8217;m going to try not buying coffees this week. Normally I buy at least one because I work long days but I!!!8217;m going to drink water for this week and see how it goes. At £2.20 a day I!!!8217;ll put my £11 in a tin.
    Blackberry Curved debt free 2018 Number 17 £1607/£11,000
    Save for Christmas Number 19 £90 /£365
    1% challenge Number 7 £70/£110
    • Blackberrycurved
    • By Blackberrycurved 17th Dec 17, 11:18 PM
    • 91 Posts
    • 634 Thanks
    Blackberrycurved
    Where is the link which says subscribe to this thread. I canít find it thanks. Iíve been into the old one and getting in that way.
    Blackberry Curved debt free 2018 Number 17 £1607/£11,000
    Save for Christmas Number 19 £90 /£365
    1% challenge Number 7 £70/£110
    • A Random Man
    • By A Random Man 17th Dec 17, 11:35 PM
    • 192 Posts
    • 935 Thanks
    A Random Man
    Hi i would love to join if possible my outstanding debt is £9984.56 therefore my 1% is £99.84
    Total Debt 1st Jan £13100/£11423.30 (12.79% Paid)
    Make £10 A Day In April (Matched Betting) £750/£190.87
    Make £10 A Day In April (eBay) £300/£1.85
    Payment A Day total: £444.19
    Halifax Credit Card, Tesco Credit Card, Barclaycard, Hitachi Loan
    • AdventureWanted
    • By AdventureWanted 18th Dec 17, 9:51 PM
    • 551 Posts
    • 1,636 Thanks
    AdventureWanted
    Where is the link which says subscribe to this thread. I canít find it thanks. Iíve been into the old one and getting in that way.
    Originally posted by Blackberrycurved
    When Iím viewing the forum on my phone I have to turn my phone on itís side to access the subscribe button. Not sure if this helps.
    • AdventureWanted
    • By AdventureWanted 18th Dec 17, 9:55 PM
    • 551 Posts
    • 1,636 Thanks
    AdventureWanted
    Hi i would love to join if possible my outstanding debt is £9984.56 therefore my 1% is £99.84
    Originally posted by A Random Man
    Hi, welcome to the 1% challenge. I have assigned you number 11 in the list of challengers. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    • A Random Man
    • By A Random Man 18th Dec 17, 11:53 PM
    • 192 Posts
    • 935 Thanks
    A Random Man
    Hi, welcome to the 1% challenge. I have assigned you number 11 in the list of challengers. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    Originally posted by AdventureWanted
    Thanks for adding me i am nearing my way to my 1% and hopefully should have it by the end of the month
    Total Debt 1st Jan £13100/£11423.30 (12.79% Paid)
    Make £10 A Day In April (Matched Betting) £750/£190.87
    Make £10 A Day In April (eBay) £300/£1.85
    Payment A Day total: £444.19
    Halifax Credit Card, Tesco Credit Card, Barclaycard, Hitachi Loan
    • adventureofmemories
    • By adventureofmemories 24th Dec 17, 8:30 AM
    • 176 Posts
    • 543 Thanks
    adventureofmemories
    May i join? I'm not in any debt but I'm trying to go for £1,000 in my emergency fund.
    so my 1% would be £10.00 .

    i already have achieved 2%.
    Last edited by adventureofmemories; 24-12-2017 at 8:32 AM.
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • kbl
    • By kbl 24th Dec 17, 6:53 PM
    • 328 Posts
    • 1,333 Thanks
    kbl
    may I please join? Am guessing that my total debt (not counting mortgages) will be almost Ä9000 at year end, however, my dd is in college, and our income puts us above the means test for assistance (they don't take the mortgages into account) so I want to add the total fees and accommodation to this as if I don't, I'll just be having different debt at start of '19, total basic costs this year are Ä6500, so my 1% will be 155 . Have no idea if it's doable, but am gonna give it a bloody good go!!
    Credit card Ä7892.36/Ä 0
    Catalogues Ä767.52/Ä 0
    hospital costs Ä550
    wtshtf fund 0/ Ä2000
    #13 1% challenge - 0
    • LionessInWinter
    • By LionessInWinter 24th Dec 17, 8:28 PM
    • 397 Posts
    • 2,420 Thanks
    LionessInWinter
    Hi, can I join? , my 1% is £56.
    Thanks
    PAYDBX18- #9 £5600/£5600 consists of £3800/£3800 credit card and £1800/ £1800 car
    2018 - 1% challenge #14, each 1% is £56 - paid 100%
    • adventureofmemories
    • By adventureofmemories 25th Dec 17, 6:48 AM
    • 176 Posts
    • 543 Thanks
    adventureofmemories
    Reached another 1% as i deposited £8.98 into my emergency funds this morning.
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • pinkfluffybabe
    • By pinkfluffybabe 26th Dec 17, 1:12 PM
    • 2,485 Posts
    • 7,759 Thanks
    pinkfluffybabe
    Can I join please? My 1% will be £45.
    Not buying unnecessary toiletries 2018 - 43/162 UU, 11 IN
    Mortgage Free Wannabe 2018 No.180 £495/£2000
    1% challenge No.15 - 11% £2 savers No.12 - £78 5p Savers No.3 - £4.75
    Virtual Sealed Pot No.12 - £62.85/£150 1p a day Challenge £290.36/£667.95
    Completely Crazy Clothes Challenge 2018 #5 £381.28/£150
    • redlaces
    • By redlaces 26th Dec 17, 4:09 PM
    • 63 Posts
    • 409 Thanks
    redlaces
    Thank you for running this challenge, please may I sign up?

    My total debt is £5,775.07 meaning my 1% is £57.76.

    Thanks!
    NSD Jan: 0/12
    £5,775.07 to repay by Dec 2018
    • AdventureWanted
    • By AdventureWanted 26th Dec 17, 8:01 PM
    • 551 Posts
    • 1,636 Thanks
    AdventureWanted
    May i join? I'm not in any debt but I'm trying to go for £1,000 in my emergency fund.
    so my 1% would be £10.00 .

    i already have achieved 2%.
    Originally posted by adventureofmemories
    Hi, welcome to the 1% challenge. Iíve assigned you number 12 in our list of challengers. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 26th Dec 17, 9:45 PM
    • 551 Posts
    • 1,636 Thanks
    AdventureWanted
    may I please join? Am guessing that my total debt (not counting mortgages) will be almost Ä9000 at year end, however, my dd is in college, and our income puts us above the means test for assistance (they don't take the mortgages into account) so I want to add the total fees and accommodation to this as if I don't, I'll just be having different debt at start of '19, total basic costs this year are Ä6500, so my 1% will be 155 . Have no idea if it's doable, but am gonna give it a bloody good go!!
    Originally posted by kbl
    Hi, welcome to the 1% challenge. I have assigned you number 13 on the challengers list. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 26th Dec 17, 9:45 PM
    • 551 Posts
    • 1,636 Thanks
    AdventureWanted
    Hi, can I join? , my 1% is £56.
    Thanks
    Originally posted by LionessInWinter
    Hi, welcome to the 1% challenge. I have assigned you number 14 on the challengers list. If you could mention your number when checking in thatíd be great. Good luck with your 1%s.
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