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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 11th Dec 17, 7:36 PM
    • 461Posts
    • 1,408Thanks
    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 I’ve 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 we’ve 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 :-
    • Moneybox / petty cash tin (keep your £s safe!)
    • 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)
    • Notebook
    • 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 you’ll get assigned a number.
Page 10
    • LuckyPenny
    • By LuckyPenny 4th Feb 18, 5:21 PM
    • 750 Posts
    • 5,647 Thanks
    LuckyPenny
    I've had a good day. Managed to get £12 off some underwear that I was already buying and needed in the 70% off sale at my local department store. I got £4 blue rewards. Spent £25 voucher on a new pair of trainers that I got from completing a survey. LP x
    1% Challenge #28 £904.66/£4000 22.6%
    Pay off all debts by Xmas 2017 #40 £1817.93/£6500 Christmas 2018 Saving #16 £25/365
    Competition wins £12,049
    Declutter 3 per day
    • a_silver_lining
    • By a_silver_lining 4th Feb 18, 7:29 PM
    • 187 Posts
    • 595 Thanks
    a_silver_lining
    Almost feel silly logging a 1.50pish profit from an eBay sale, but it pushes me into the next percent! Just shows how much those pence count.

    #38 121.59/2018 @ 6%
    16 ebay sales.
    10 quidco.
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.

    2018: 900 savings, 795 emergency fund--- Family Loan 4500/10K paid 45%

    #38 1% Challenge: £514.70/ £2018, now at 25%!
    • Maddie57
    • By Maddie57 4th Feb 18, 8:31 PM
    • 137 Posts
    • 607 Thanks
    Maddie57
    No 10 here. Can I change my total to pay to £3993 so my 1% is now 39.93. I have now paid 17.9% of this and hopefully will pay some more soon.

    Maddie
    Growing old is mandatory
    Growing up is Optional
    • pinkfluffybabe
    • By pinkfluffybabe 5th Feb 18, 2:39 PM
    • 2,467 Posts
    • 7,684 Thanks
    pinkfluffybabe
    #15 now on 4%
    Not buying unnecessary toiletries 2018 - 26/162 UU, 10 IN
    Mortgage Free Wannabe 2018 No.180 £315/£2000
    1% challenge No.15 - 8% £2 savers No.12 - £56 5p Savers No.3 - £3.75
    Virtual Sealed Pot No.12 - £45.30/£150 1p a day Challenge £182.63/£667.95
    Completely Crazy Clothes Challenge 2018 #5 £112.08/£50
    • Chocolatedrinker
    • By Chocolatedrinker 5th Feb 18, 10:38 PM
    • 240 Posts
    • 1,779 Thanks
    Chocolatedrinker
    No 17 now on 6 percent :-)
    March NSD 0/5; 2018 1% challenge - 9% gone ; £2 savers £168; 5p savers £10.00; 20p savers £60; declutter 2018 in 2018 - 454/2018 CCCC 2018 £80/£300
    • princess2102
    • By princess2102 6th Feb 18, 3:31 PM
    • 8 Posts
    • 9 Thanks
    princess2102
    #37 checking in - paid another 2% so now up to 11%
    Had a few outgoings that weren't expected along with several close family birthdays so starting to feel a bit disheartened again now.... can't seem to see where the pennies are going to come from for the next %
    • remote_control
    • By remote_control 7th Feb 18, 2:30 PM
    • 233 Posts
    • 920 Thanks
    remote_control
    Ahhh! Didn't realise this was here! I was on the original 1% thread years ago. I'll be back soon with my total, this is exactly what I needed.
    • rexelpink
    • By rexelpink 7th Feb 18, 6:41 PM
    • 213 Posts
    • 493 Thanks
    rexelpink
    Hi I would like to join you all if I can please?
    I have worked out my 1% is £114. I won!!!8217;t lie I am feeling a bit daunted that my 1% is over £100, but I like the idea of only being 100 payments away from being debt free! Very motivating...

    Hi often do people post? Every time they get to 1%?
    Staring debt - June 2013 - £21,000
    Current debt - February 2018 - £11,378.60

    Emergency fund £500 / 100%

    Debt free one day at a time
    • a_silver_lining
    • By a_silver_lining 7th Feb 18, 7:49 PM
    • 187 Posts
    • 595 Thanks
    a_silver_lining
    Hi often do people post? Every time they get to 1%?
    Originally posted by rexelpink
    Hi Rexelpink, welcome I post every time I hit 1%. It means I post often, but every once in a while I see an older post of mine and it's so motivating to know I'm in a better position this day and so will be even more so each day going ahead.

    Today I came back from work to find four ebay items had sold. Three were only 2.99, leaving me £1.50ish profit, but the fourth was almost £20 profit. Jumped up two %!

    #38 160.92/2018 @ 8%

    From £10 Quidco.
    26 ebay sales.
    Last edited by a_silver_lining; 08-02-2018 at 11:06 AM.
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.

    2018: 900 savings, 795 emergency fund--- Family Loan 4500/10K paid 45%

    #38 1% Challenge: £514.70/ £2018, now at 25%!
    • angelicious
    • By angelicious 7th Feb 18, 9:01 PM
    • 214 Posts
    • 1,514 Thanks
    angelicious
    #34 now at 4%
    Make £10 day '18: March '18 £1479.50/1000 Feb '18 £2638.52/1000, Jan '18 £960/1000
    2018 1% challenge - £228 - 4% @ 07/02 (912/22800)
    Make £10 day say 2017 total £5256.25
    MFW: £160,306.48, now £158, 600 @07/02 Paid £1386.48
    Decluter 2018: 79/2018
    • LionessInWinter
    • By LionessInWinter 8th Feb 18, 4:23 AM
    • 391 Posts
    • 2,391 Thanks
    LionessInWinter
    #14 with 27% paid
    PAYDBX18- #9 £4600/£5600 consists of £3800/£3800 credit card and £800/ £1800 car
    2018 - 1% challenge #14, each 1% is £56 - paid 82%
    • xironsongx
    • By xironsongx 8th Feb 18, 6:22 AM
    • 141 Posts
    • 373 Thanks
    xironsongx
    May i join I'm not in debt but have a lot to save for

    Christmas - Goal is £300 1% = £3.00
    Emergency Fund- Goal is £1,000 1% = £10.00
    Wedding = £5,000 goal (but £2,500 for this year) 1% = £50.00

    My current standings are;
    Christmas - 8% completed
    Emergency- 6% completed
    Wedding - 5% completed
    Last edited by xironsongx; 08-02-2018 at 6:24 AM.
    Engaged 01-09-17 Wedding £519.78 (BA) £80.22 (Sp) / £5,600 £5,000 left to save
    • NeverendingDMP
    • By NeverendingDMP 8th Feb 18, 9:09 AM
    • 34 Posts
    • 261 Thanks
    NeverendingDMP
    #32. I'm off. I'm at 1%.!!!55357;!!!56832;!!!55357;!!!56832;!!!55357;!! !56832;!!!55357;!!!56848;!!!55357;!!!56832;
    353.50 paid so far this year. I got inpatient waiting for direct debit so set up an online payment to hubby's c card. It was a nightmare to set up. Tried to pay over automatic phone line first but option no longer available. No wonder people stop paying. Anyhow it's set up now so on the plus side I can make mini payments as well now via internet banking.
    Also last of c cards was cut up in Oct and we are still fed and watered. On target for 6 or 7 % by end of the year.
    35,213 Jan 2018, SC =33001 c/c =1586 on 1st April 2018. 16.5 years remaining. 1.77% paid
    Mortgage 77230 in Jan 2018 - 76820 left on 1st April 2018. 18 yrs 11 months remaining. 0.5% paid
    • NeverendingDMP
    • By NeverendingDMP 8th Feb 18, 9:10 AM
    • 34 Posts
    • 261 Thanks
    NeverendingDMP
    No idea were all those numbers came from. At 1%
    35,213 Jan 2018, SC =33001 c/c =1586 on 1st April 2018. 16.5 years remaining. 1.77% paid
    Mortgage 77230 in Jan 2018 - 76820 left on 1st April 2018. 18 yrs 11 months remaining. 0.5% paid
    • NeverendingDMP
    • By NeverendingDMP 8th Feb 18, 9:13 AM
    • 34 Posts
    • 261 Thanks
    NeverendingDMP
    I've done a couple of mini posts in-between me reaching my 1%. Mines quite high so felt the need to post to encourage myself. Ha ha
    35,213 Jan 2018, SC =33001 c/c =1586 on 1st April 2018. 16.5 years remaining. 1.77% paid
    Mortgage 77230 in Jan 2018 - 76820 left on 1st April 2018. 18 yrs 11 months remaining. 0.5% paid
    • indigowarrior
    • By indigowarrior 8th Feb 18, 5:47 PM
    • 490 Posts
    • 3,506 Thanks
    indigowarrior
    Number 41 and 1% paid.
    #545- SPC/ Frugal Living Challenge April NSD 3/18 Survey Earnings £15.71/£100
    • vintagebrighton
    • By vintagebrighton 9th Feb 18, 2:33 PM
    • 552 Posts
    • 1,676 Thanks
    vintagebrighton
    #6 checking in with 2% taking me to 8%

    Very slow at the moment as 15/2 will be our first decent chunk of income since Christmas - why is January so long?
    Australia (1% Challenge #6) ~ 66/100
    Weight Loss Challenge ~ 0/42
    Save 12k in 2018 #32 ~ 2000/6000
    • Aurora2018
    • By Aurora2018 9th Feb 18, 9:18 PM
    • 2 Posts
    • 4 Thanks
    Aurora2018
    Hi there, could I please join the 1% challenge? I need to break mine into chunks so I feel like I am actually getting somewhere. My 'first' (cc) 1% is £22
    • rexelpink
    • By rexelpink 10th Feb 18, 8:04 AM
    • 213 Posts
    • 493 Thanks
    rexelpink
    Hi Rexelpink, welcome I post every time I hit 1%. It means I post often, but every once in a while I see an older post of mine and it's so motivating to know I'm in a better position this day and so will be even more so each day going ahead.

    Today I came back from work to find four ebay items had sold. Three were only 2.99, leaving me £1.50ish profit, but the fourth was almost £20 profit. Jumped up two %!

    #38 160.92/2018 @ 8%

    From £10 Quidco.
    26 ebay sales.
    Originally posted by a_silver_lining
    ——————————————-

    I dont know how to multi quote but I know never ending replied too. Thankyou both.
    With £114 as 1% I am finding this quite tough.
    Got some stuff on eBay - currently bidding total is £12.69 - still got a way to meet that first 1%!
    Staring debt - June 2013 - £21,000
    Current debt - February 2018 - £11,378.60

    Emergency fund £500 / 100%

    Debt free one day at a time
    • xironsongx
    • By xironsongx 10th Feb 18, 2:18 PM
    • 141 Posts
    • 373 Thanks
    xironsongx
    Not saving for emergency funds.

    Added £4 to my Christmas fund, that total is £36 (11%)
    Engaged 01-09-17 Wedding £519.78 (BA) £80.22 (Sp) / £5,600 £5,000 left to save
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