1% challenge 2019

12357…14

Comments

  • MoneyMission
    MoneyMission Posts: 652 Forumite
    Name Dropper First Anniversary Combo Breaker
    £265 sent as an OP today for February bringing me to 19.5% of my 1%!
    MFW Challenge 2019 - £2,420 / £2,420 - 100% :T
  • Moneyfordreams
    Moneyfordreams Posts: 2,442 Forumite
    First Anniversary Name Dropper First Post
    4.96 OP'd. I did say I would be a slow starter :D
    Mortgage restart June 2018 £119950Re mortgage August 19 £110470, … Mortgage November 22 £85600 final 0% CC 3300Home renovations - £65000, mid 2018 - mid 2022
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Name Dropper First Anniversary First Post
    Another £100 paid
  • Rachib
    Rachib Posts: 36 Forumite
    First Anniversary First Post
    I managed another £150 overpayment yesterday!
    So I'm now at £452.58 of my £1,530 - 29.5% of my 1% target. All being well I should be over 30% by the end of the month! :j

    Overpayments really are addictive!
    MFW 1% Challenge 2019 - £2,383.44/£1,530 1.56%
    MFW 1% Challenge 2020 - £5,650.46/£1,455 4.00%
  • iamsalt
    iamsalt Posts: 295 Forumite
    First Anniversary First Post
    Great progress everyone.

    I managed 49.62 this month so far. Which is 3.93% of the 1%. Will have to find the £1.33 to get it to the round 4%!

    S x
    £400,000 starting Jan 2020 current end date Aug 2041 I would love the end date to be 2027 but will aim first for 2037.
    1% target £4000 so far £20 paid
  • pavlovs_dog
    pavlovs_dog Posts: 10,197 Forumite
    Name Dropper Combo Breaker First Post First Anniversary
    Good start to February here thanks to it being a council tax free month. £162.08 from 'free' council tax money and interest siphoned off savings account.

    £407.57 to go!
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • iamsalt
    iamsalt Posts: 295 Forumite
    First Anniversary First Post
    Wow, powering through the 1% PavlovsDog! Well done

    £1.33 paid today so up to 4% of the 1%
    £400,000 starting Jan 2020 current end date Aug 2041 I would love the end date to be 2027 but will aim first for 2037.
    1% target £4000 so far £20 paid
  • Rachib
    Rachib Posts: 36 Forumite
    First Anniversary First Post
    So this week I have been focussed on mortgage overpayments, sticking to my budget, whilst keeping one eye on future expenses (Like my Cars Service & MOT which is tomorrow!).

    What this has meant is that this week I overpaid £286.57.
    This was a mixture of moving interest from savings accounts and lump sums.
    Total 2019 overpayments are now £739.15 - 48.3% of my 1%

    £790.85 to go! Whoop Whoop
    MFW 1% Challenge 2019 - £2,383.44/£1,530 1.56%
    MFW 1% Challenge 2020 - £5,650.46/£1,455 4.00%
  • DD265
    DD265 Posts: 2,202 Forumite
    Homepage Hero First Anniversary Name Dropper First Post
    You guys are all doing brilliantly!

    We now have a mortgage to overpay at least, but we won't be doing it this month as have needed to do/get too much for the house.

    However, I still have that £15 (1% of my 1%) set aside so that's something. :p
  • CathT
    CathT Posts: 7,115 Forumite
    First Anniversary Name Dropper First Post
    Great idea for a challenge. I have just over 100 months to go and have been focusing on extra overpayments to knock a month off. A 1% challenge will definitely help with that. Be back with some sums tomorrow!
    Apr 2024 - part 1 - £30,337 part 2 - £24,811 Total - £55,148 43 months to go!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.1K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235.1K Work, Benefits & Business
  • 607.8K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards