Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 28th Dec 18, 7:27 PM
    • 1,305Posts
    • 4,507Thanks
    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 3
    • AdventureWanted
    • By AdventureWanted 4th Jan 19, 6:31 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    I would love to join please.
    I have a total of 3k so my 1% is £30 x
    Originally posted by truebluemummy
    Hi truebluemummy,
    Welcome to the 1% challenge. I've assigned you number 10. 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, 6:35 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    I'm rounding up to £3k for this challenge.
    1% is £30.

    Thanks 😃
    Originally posted by miss empty piggy
    Hi Miss empty piggy,
    Welcome to the 1% challenge. I've assigned you number 13. 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, 6:39 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    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
    Originally posted by crazy_cat_lady
    Hi Crazy_cat_lady,
    Welcome to the 1% challenge. I've assigned you number 14. 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, 6:42 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    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
    Originally posted by Lozza001
    Hi Lozza001,
    Welcome to the 1% challenge. I've assigned you number 15. 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, 6:45 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    Hi my total is including a family memberís mortgage (ouch) so my total is
    32,000 so 320 is 1%.
    Eeek here we go!
    Originally posted by grassgirl
    Hi Grassgirl,
    Welcome to the 1% challenge. I've assigned you number 16. 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, 7:03 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    DestinyGamer
    Hi may I join please? Iíve never done this but want to pay off my loan in 2019.
    My 1% for 2019 is £26 which is totally doable when itís put like this. Iíve got this If I can choose a number please can I have 71 because 7+1=8 which is my lucky number
    Originally posted by DestinyGamer
    Hi Destinygamer,
    Welcome to the 1% challenge. I've assigned you number 12. If you could mention your number when checking in that'd be great. Good luck with your 1%s.

    As there aren't as many signed up for the challenge as yet this year, I've redone the list removing those who aren't continuing with the challenge. I hope you don't mind me giving you number 12 - my logic behind this choice is that 10-2=8, so I was hoping it'd be a good choice .
    • NeverendingDMP
    • By NeverendingDMP 4th Jan 19, 8:00 AM
    • 500 Posts
    • 1,706 Thanks
    NeverendingDMP
    Number 17 at 8%
    Going to draw squares today for the kids to help me colour in.
    Jan is a slow month but loving the fact im off the 0 mark. X
    35,213 - Jan 2018, 18661 remaining.
    Mortgage 77224- 71937 remaining.
    Make 2019- 2200/2019 EF =189
    • AdventureWanted
    • By AdventureWanted 4th Jan 19, 8:08 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    Welcome to all 2018 1%ers and those joining us in 2019. I have had a move round of numbers to accommodate our new number of challengers. I hope those from 2018 who have had their numbers change won't mind.

    The current list of challengers and everyone's numbers are:

    1) AdventureWanted - 1% = £150.00
    2) Cybertortoise - 1% = £40.00
    3) Less talk and more action - 1% = £150.00
    4) Lynseydee - 1% = £16.80
    5) Chocolatelover93 - 1% = £31.00
    6) Buffythedebtslayer - 1% = £50.00
    7) Weenapoops - 1% = £37.00
    8) Sa1sysoo - 1% = £130.52
    9) Fatpat - 1% = £50
    10) Truebluemummy - 1% = £30
    11) A Random Man - 1% = £87.00
    12) Destinygamer - 1% = £26.00
    13) Miss empty piggy - 1% = £30.00
    14) Crazy_cat_lady - 1% = £57.50
    15) Lozza001 - 1% = £42.00
    16) Grassgirl - 1% = £320.00
    17) NeverendingDMP - 1% = £10.00
    18) a_silver_lining - 1% = £40.00
    19) Spudsmum - 1% = £40.00
    20) Henna123 - 1% = £5.00
    21) craftingmad - 1% = £50.00
    22) BelleofBilboa - 1% = £20.00
    23) never too old - 1% = £150.00
    24) Seahorsey - 1% = £93.00
    25) Moneybutterfly35 - 1% = £220.00
    26) Donewithdebt18 - 1% = £24.00
    27) Littlebigmoose - 1% = £30.00
    28) Luckypenny - 1% = £30.00

    I hope you all have a good 2019 .
    • AdventureWanted
    • By AdventureWanted 4th Jan 19, 8:14 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    Number 17 at 8%
    Going to draw squares today for the kids to help me colour in.
    Jan is a slow month but loving the fact im off the 0 mark. X
    Originally posted by NeverendingDMP
    Well done on getting off the mark so quickly . I agree about January being a slow month.

    Im slowly getting towards my first 1%. I'm making daily payments to the CC, mainly rounding down the bank account, but should be getting some cashback paid later this month which will help a bit.
    • Sky_
    • By Sky_ 4th Jan 19, 8:44 AM
    • 407 Posts
    • 1,437 Thanks
    Sky_
    Morning all, I'm at 5% today, made up of small overpayments on cards and adding a bit to the savings accounts.
    Feb 2019/today Barclays: £3668/ £389 MBNA: £7800/ £7321. (Total debt: 11468 7710) DFD: December 2020/ September 2020

    Mortgage: March 2016: £189,000/ June 2019: 164,000
    • Thrice
    • By Thrice 4th Jan 19, 9:20 AM
    • 156 Posts
    • 602 Thanks
    Thrice
    Morning, can I join in please?

    I'm aiming to clear one credit card, so my 1% is £25.00

    THRICE 1% = £25
    SPC010 £54.11
    2019 1% = £25. 0% so far
    • bestlifenow
    • By bestlifenow 4th Jan 19, 10:03 AM
    • 189 Posts
    • 865 Thanks
    bestlifenow
    Hi, could I join please? I'm aiming for £1000 to knock a month off my debt free date, so my 1% is £10.

    Thank you and good luck with the challenge everyone.

    bestlifenow
    • IWillSucceed
    • By IWillSucceed 4th Jan 19, 3:03 PM
    • 24 Posts
    • 144 Thanks
    IWillSucceed
    Hi, can I join please - want to focus on one credit card, therefore my 1% = £76.00

    Thank you .
    • Less Talk and More Action
    • By Less Talk and More Action 4th Jan 19, 6:48 PM
    • 3 Posts
    • 15 Thanks
    Less Talk and More Action
    Up and running
    Number 3 here. Thank you for the number - i feel like I am on my way. I will wait for the minimum payments to come out and then review the extra I am going to pay. Feels good to have a plan.
    Can anyone tell me how to colour text in? Thanks
    • AdventureWanted
    • By AdventureWanted 5th Jan 19, 8:28 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    Number 3 here. Thank you for the number - i feel like I am on my way. I will wait for the minimum payments to come out and then review the extra I am going to pay. Feels good to have a plan.
    Can anyone tell me how to colour text in? Thanks
    Originally posted by Less Talk and More Action
    To colour text in write [ COLOR ="Red"][ /COLOR ] around the bit you want a different colour (remove the spaces before and after the word COLOR). E.g [ COLOR="Red"]£4[/COLOR ]. If you want it bold as well, it's [ B][ COLOR="Red"]£4[/COLOR ][/B ]. Again remove the spaces. Hope that helps .
    • AdventureWanted
    • By AdventureWanted 5th Jan 19, 8:32 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    Morning all, I'm at 5% today, made up of small overpayments on cards and adding a bit to the savings accounts.
    Originally posted by Sky_
    Hi Sky_,
    Welcome to the 1% challenge. I've assigned you number 29. If you could mention your number when checking in that'd be great. Good luck with your 1%s. If you could let me know what your 1% figure is I'll update the first page - thanks.
    • AdventureWanted
    • By AdventureWanted 5th Jan 19, 8:37 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    Morning, can I join in please?

    I'm aiming to clear one credit card, so my 1% is £25.00

    THRICE 1% = £25
    Originally posted by Thrice
    Hi Thrice,
    Welcome to the 1% challenge. I've assigned you number 30. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 5th Jan 19, 8:40 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    Hi, could I join please? I'm aiming for £1000 to knock a month off my debt free date, so my 1% is £10.

    Thank you and good luck with the challenge everyone.

    bestlifenow
    Originally posted by bestlifenow
    Hi bestlifenow,
    Welcome to the 1% challenge. I've assigned you number 31. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 5th Jan 19, 8:44 AM
    • 1,305 Posts
    • 4,507 Thanks
    AdventureWanted
    Hi, can I join please - want to focus on one credit card, therefore my 1% = £76.00

    Thank you .
    Originally posted by IWillSucceed
    Hi IWillSucceed,
    Welcome to the 1% challenge. I've assigned you number 32. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • craftingmad
    • By craftingmad 5th Jan 19, 12:56 PM
    • 1,573 Posts
    • 6,173 Thanks
    craftingmad
    Number 21 here declaring a further £37.10 towards my total after cancelling another unused Direct Debit from account. That takes me up to 4% of my total
    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
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

201Posts Today

2,184Users online

Martin's Twitter