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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 11th Dec 17, 7:36 PM
    • 502Posts
    • 1,481Thanks
    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 Ive 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 weve 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 youll get assigned a number.
Page 13
    • remote_control
    • By remote_control 3rd Mar 18, 7:26 PM
    • 247 Posts
    • 946 Thanks
    remote_control
    The 1% is motivating me too, I did loads of surveys this week due to the snow and am nearly up to 2%. Just need it to pay out before I can count it though! Also done some decluttering so have a pile to ebay. Thinking of it in very small chunks definitely helps.
    • a_silver_lining
    • By a_silver_lining 3rd Mar 18, 9:17 PM
    • 219 Posts
    • 663 Thanks
    a_silver_lining
    Had a good break not posting anything on eBay and was feeling a bit lazy. Had a little sale this morning, only 1ish after fees and postage but enough to motivate me to post 4 clothes items. Sold one immediately and so #38 at 19%. So close to 20%! I really want to post the other 15 or so items, but sadly the computer is busy.
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.

    2018: 1200 savings --- Family Loan (3250 direct + 1750 saver) 5000/10K paid 50%
    #38 1% Challenge: 514.70/ 2018, now at 25%!
    • a_silver_lining
    • By a_silver_lining 5th Mar 18, 6:41 PM
    • 219 Posts
    • 663 Thanks
    a_silver_lining
    #38 at 20%!!

    This feels massive 400 of money earned on top of my wage and waiting to go off the debt repayment.

    Funnily enough this 1% was from old ebay listings. The 15 clothe auctions are listed now though.

    Onward to 25%
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.

    2018: 1200 savings --- Family Loan (3250 direct + 1750 saver) 5000/10K paid 50%
    #38 1% Challenge: 514.70/ 2018, now at 25%!
    • spudsmum
    • By spudsmum 8th Mar 18, 11:49 PM
    • 213 Posts
    • 1,283 Thanks
    spudsmum
    #39 checking in - reclaimed my student loan repayments that I mistakenly paid while on maternity - that together with cashback and money from survey sites and I've paid off another 130 which had got me my next 1% Now at 3%
    Total debts 21050! now 19977 . 1% challenge 812.50/15000 (5.42%) Total money squirrelled away/NOT wasted in 2018 2067.31 frugal budget 2018 2996/3800 Aiming for debt free at 40 - only 27 months to go!
    • AdventureWanted
    • By AdventureWanted 9th Mar 18, 6:37 AM
    • 502 Posts
    • 1,481 Thanks
    AdventureWanted
    Hi, can I join please, i'm keen to get started with this and post for motivation. Many thanks!
    Originally posted by Sie2003
    Hi Sie2003
    Welcome to the 1% challenge. I've assigned you number 46. If you could mention your number when checking in that'd be great. Also, if you could let me know what your 1% figure would be I'll update the list. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 9th Mar 18, 6:44 AM
    • 502 Posts
    • 1,481 Thanks
    AdventureWanted
    Please sign me up.
    I tried this challenge a few years ago but wasn't honest with myself and continued to spend and increase debt whilst paying my 1%.
    So, my debt is really daunting and feels pretty insurmountable right now. For that reason , I am going to set my target at 0.5% if that is ok?

    NOMI01 0.5% = 150
    Originally posted by nomi01
    Hi Nomi01,
    Welcome to the 1% challenge. I've assigned you number 47. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 9th Mar 18, 6:48 AM
    • 502 Posts
    • 1,481 Thanks
    AdventureWanted
    Can I join please? I have 3900 on a card I want to tackle. So my 1% is 39. Doesn't sound too bad when you say it like that!
    Originally posted by remote_control
    Hi Remote_control,
    Welcome to the 1% challenge. I've assigned you number 48. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • remote_control
    • By remote_control 9th Mar 18, 9:02 AM
    • 247 Posts
    • 946 Thanks
    remote_control
    Thanks AdventureWanted!

    Number 48 here checking in with my first 1% paid. It was a mixture of ebay, survey sites and topcashback. 99% to go! 3861.
    • Lauralozzle
    • By Lauralozzle 10th Mar 18, 10:34 AM
    • 560 Posts
    • 4,955 Thanks
    Lauralozzle
    No. 26 I am now on 7%. It is slow. I cannot wait until I have hit 10%
    Credit Card 1: 0.00 (0%) | Credit Card 2: 1,951.50 (0%) | Credit Card 3: 764.20 (0%) Car Finance: 7,491 (7.9% APR) | Mortgage: 110,794 (2.79% APR) | Emergency Fund: 69.68/1000 | Honeymoon Fund: 1,042
    • LionessInWinter
    • By LionessInWinter 10th Mar 18, 3:58 PM
    • 393 Posts
    • 2,396 Thanks
    LionessInWinter
    #14 checking in at 55% paid
    PAYDBX18- #9 5200/5600 consists of 3800/3800 credit card and 1400/ 1800 car
    2018 - 1% challenge #14, each 1% is 56 - paid 93%
    • AdventureWanted
    • By AdventureWanted 12th Mar 18, 7:25 AM
    • 502 Posts
    • 1,481 Thanks
    AdventureWanted
    #1 checking in with 28%.
    • remote_control
    • By remote_control 12th Mar 18, 9:57 AM
    • 247 Posts
    • 946 Thanks
    remote_control
    Number 48 2% paid! All from surveys. So super excited by the extra money that is coming in because of all the effort I am putting in. And it's all because of this challenge! 3822 remaining.
    • lynseydee
    • By lynseydee 12th Mar 18, 6:20 PM
    • 1,682 Posts
    • 7,609 Thanks
    lynseydee
    Number 48 2% paid! All from surveys. So super excited by the extra money that is coming in because of all the effort I am putting in. And it's all because of this challenge! 3822 remaining.
    Originally posted by remote_control
    Who do you do your surveys with? I do surveys but always get told I don't qualify so end up not really getting anything.
    Did owe 9,951.96

    Now helping hubby pay off loan. Finally paid off

    Owe Virgin 5,950.00 at 0% til June 2009 3,427.89. Owe HSBC 5,460.78 2.9% til May 2010 3,703.07. Owe Post Office 1,676.62 at 0% til September 2010
    • remote_control
    • By remote_control 12th Mar 18, 8:52 PM
    • 247 Posts
    • 946 Thanks
    remote_control
    Number 48 3% paid!

    Had a good ish eBay Sunday night. I got a bit sick of all the things I have been relisting for ages and put them all as a . Loads of things sold but all for very little but it added up to a % and my house is a bit more empty. Also has motivated me to put some other bits on. Off to do that now....
    • a_silver_lining
    • By a_silver_lining 13th Mar 18, 5:48 PM
    • 219 Posts
    • 663 Thanks
    a_silver_lining
    #38 checking in with 430.70 @ 21.5%

    I've not been giving my ebay much tlc this month so just four sales so far this month I think. I'm going to drop the price of a few more bits. I took off some last week and took them to charity instead. Would like to get to 500 by the end of this month.
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.

    2018: 1200 savings --- Family Loan (3250 direct + 1750 saver) 5000/10K paid 50%
    #38 1% Challenge: 514.70/ 2018, now at 25%!
    • Lauralozzle
    • By Lauralozzle 13th Mar 18, 8:34 PM
    • 560 Posts
    • 4,955 Thanks
    Lauralozzle
    No.26 I'm now at 8%! Better than that, credit card no.1 is paid off!
    Credit Card 1: 0.00 (0%) | Credit Card 2: 1,951.50 (0%) | Credit Card 3: 764.20 (0%) Car Finance: 7,491 (7.9% APR) | Mortgage: 110,794 (2.79% APR) | Emergency Fund: 69.68/1000 | Honeymoon Fund: 1,042
    • AdventureWanted
    • By AdventureWanted 14th Mar 18, 6:47 AM
    • 502 Posts
    • 1,481 Thanks
    AdventureWanted
    Well done everyone on your 1%s and well done to Lauralozzle for paying off credit card 1.

    #1 - now up to 30% paid. This has been mainly from additional work and better budgeting, but in April & May the additional hours won!!!8217;t be as good, so need to look into (and get up the motivation) to sell bits on eBay & gumtree. Have been saying this for months and still haven!!!8217;t done anything about it! Also have been a bit slack recently with surveys so need to start doing them again.
    • remote_control
    • By remote_control 15th Mar 18, 4:19 PM
    • 247 Posts
    • 946 Thanks
    remote_control
    Number 48 4% paid!

    Feeling very demoralised today but I will focus on the next % and nothing else (in theory!)

    All my %s have been achieved through extra hard work so that does make me proud as normal me wouldn't have done this.
    • pinkfluffybabe
    • By pinkfluffybabe 16th Mar 18, 9:04 PM
    • 2,476 Posts
    • 7,718 Thanks
    pinkfluffybabe
    #15 up to 6%

    It's slowed down somewhat but I'm still plugging away
    Not buying unnecessary toiletries 2018 - 37/162 UU, 11 IN
    Mortgage Free Wannabe 2018 No.180 405/2000
    1% challenge No.15 - 10% 2 savers No.12 - 66 5p Savers No.3 - 3.75
    Virtual Sealed Pot No.12 - 49.89/150 1p a day Challenge 231.14/667.95
    Completely Crazy Clothes Challenge 2018 #5 314.28/100
    • Rachel24
    • By Rachel24 18th Mar 18, 9:16 AM
    • 159 Posts
    • 554 Thanks
    Rachel24
    Number 20 here. Sorry to be a pain but I had cleared my first 100% balance and was going to do my next at 34 but have actually changed my mind and want to clear off a small loan first so my 1% will be 16 instead hope that's okay. So number 20 reporting at 2% off of an eBay sale :-)
    This totally motivates me! Xx
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