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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 11th Dec 17, 7:36 PM
    • 917Posts
    • 2,584Thanks
    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 15
    • remote_control
    • By remote_control 3rd Apr 18, 10:20 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    number 48, 13% paid off ebay and surveys
    • spudsmum
    • By spudsmum 4th Apr 18, 10:55 PM
    • 351 Posts
    • 1,850 Thanks
    spudsmum
    Do you do well with your surveys? I do them but seem to always get pushed out and never seem to get to complete many.
    Originally posted by lynseydee

    Sorry only just seen this - I dont do too badly but I do have days where I seem to get screened out of everything.
    Total debts 21050! now 18039.52 . 1% challenge 2058.25/15000 (13.72%) Total extra income made in 2018 2953.79 frugal budget 2018 7017/9000 Aiming for debt free at 40 - only 21 months to go!
    • lynseydee
    • By lynseydee 5th Apr 18, 4:22 PM
    • 1,701 Posts
    • 7,668 Thanks
    lynseydee
    Sorry only just seen this - I dont do too badly but I do have days where I seem to get screened out of everything.
    Originally posted by spudsmum
    Which surveys do you do?
    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
    • Blackberrycurved
    • By Blackberrycurved 7th Apr 18, 6:30 PM
    • 100 Posts
    • 652 Thanks
    Blackberrycurved
    NUMBER 7 checking in I now have 70 towards my 110. I feel a bit defeated as I'm still 30 off my first 1% and this was supposed to motivate me I don't think I'm trying hard enough so I'm going to do a budget planner tonight - help. Well done all you proper debt buster people.
    Blackberry Curved debt free 2018 Number 17 2961/11,000
    Save for Christmas Number 19 90 /365
    1% challenge Number 7 70/110
    • spudsmum
    • By spudsmum 8th Apr 18, 12:33 AM
    • 351 Posts
    • 1,850 Thanks
    spudsmum
    Which surveys do you do?
    Originally posted by lynseydee
    Onepoll
    Swagbucks
    Mintvine
    Prolific academic
    Panelbase
    Qmee
    Curious cat

    Think thats about it. I dont check all of those each day just nip on as and when i have a few minutes.
    Total debts 21050! now 18039.52 . 1% challenge 2058.25/15000 (13.72%) Total extra income made in 2018 2953.79 frugal budget 2018 7017/9000 Aiming for debt free at 40 - only 21 months to go!
    • Rachel24
    • By Rachel24 8th Apr 18, 8:32 AM
    • 201 Posts
    • 753 Thanks
    Rachel24
    Number 20 reporting in with 6% :-)
    • lynseydee
    • By lynseydee 8th Apr 18, 3:20 PM
    • 1,701 Posts
    • 7,668 Thanks
    lynseydee
    Onepoll
    Swagbucks
    Mintvine
    Prolific academic
    Panelbase
    Qmee
    Curious cat

    Think thats about it. I dont check all of those each day just nip on as and when i have a few minutes.
    Originally posted by spudsmum
    I do onepoll and panelbase and have an account with swagbucks but always forget to log onto that one. Haven't heard of the others though.
    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
    • mumofthetwins
    • By mumofthetwins 9th Apr 18, 8:53 PM
    • 1,042 Posts
    • 4,027 Thanks
    mumofthetwins
    Hi
    I had my LBM at the Easter weekend and have managed to pay a good chunk the last week or so ...if possible can I please join ?

    I love the idea of breaking it down into 1% chunks ...
    my original debt at Easter was 19843.54... 1% of this would be 200 ... I'm up to 4% and only another 95 to my next 1% ...

    I have been ebaying like crazy and have more listed to start this week and a couple ending tomorrow ... fingers crossed lol

    Thank a million guys
    Lisa x
    DFW
    July 0/17100
    June 2400/19500 Murphy 500/500
    May 3085/23042
    April 1266/25843 STF 1500/1500
    MFW OP 2018 600/1600
    • remote_control
    • By remote_control 10th Apr 18, 7:52 AM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    number 48, 14% paid off ebay and surveys
    • AdventureWanted
    • By AdventureWanted 11th Apr 18, 11:52 AM
    • 917 Posts
    • 2,584 Thanks
    AdventureWanted
    Hi. Am I too late to join please?

    Debts ate pretty much 15k so my 1%is 150.

    I have plenty of things for eBay and selling sites atm.

    I will get a jar to put the physical cash in and round down my bank once a week. Anything left by payday will be moved out too.
    Originally posted by henna123
    Hi Henna123
    Welcome to the 1% challenge. I've assigned you number 49. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 11th Apr 18, 11:57 AM
    • 917 Posts
    • 2,584 Thanks
    AdventureWanted
    Hi
    I had my LBM at the Easter weekend and have managed to pay a good chunk the last week or so ...if possible can I please join ?

    I love the idea of breaking it down into 1% chunks ...
    my original debt at Easter was 19843.54... 1% of this would be 200 ... I'm up to 4% and only another 95 to my next 1% ...

    I have been ebaying like crazy and have more listed to start this week and a couple ending tomorrow ... fingers crossed lol

    Thank a million guys
    Lisa x
    Originally posted by mumofthetwins
    Hi Mumofthetwins
    Welcome to the 1% challenge. I've assigned you number 50. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 11th Apr 18, 12:03 PM
    • 917 Posts
    • 2,584 Thanks
    AdventureWanted
    NUMBER 7 checking in I now have 70 towards my 110. I feel a bit defeated as I'm still 30 off my first 1% and this was supposed to motivate me I don't think I'm trying hard enough so I'm going to do a budget planner tonight - help. Well done all you proper debt buster people.
    Originally posted by Blackberrycurved
    Blackberrycurved - Well done on getting 70 towards your first 1%. Don't feel defeated if it takes a while, however if it is making it seem like too much of an uphill struggle you could always split your debt and tackle a smaller target for the time being? It's completely up to you. My 1% figure is my debt payment target for the year and not 1% of my total debt, as for me it would be far too depressing using the whole debt figure!! You're doing really well. Keep going
    • astoryandasong
    • By astoryandasong 11th Apr 18, 1:37 PM
    • 44 Posts
    • 202 Thanks
    astoryandasong
    Hello:-)

    Would love to join. My debt is 10k so 1% is 100

    Reading the ways everyone else is managing is really encouraging!
    • lynseydee
    • By lynseydee 11th Apr 18, 5:33 PM
    • 1,701 Posts
    • 7,668 Thanks
    lynseydee
    NUMBER 7 checking in I now have 70 towards my 110. I feel a bit defeated as I'm still 30 off my first 1% and this was supposed to motivate me I don't think I'm trying hard enough so I'm going to do a budget planner tonight - help. Well done all you proper debt buster people.
    Originally posted by Blackberrycurved
    Blackberrycurved - Well done on getting 70 towards your first 1%. Don't feel defeated if it takes a while, however if it is making it seem like too much of an uphill struggle you could always split your debt and tackle a smaller target for the time being? It's completely up to you. My 1% figure is my debt payment target for the year and not 1% of my total debt, as for me it would be far too depressing using the whole debt figure!! You're doing really well. Keep going
    Originally posted by AdventureWanted
    Or another way to do it is to concentrate on one debt at a time until the whole debt is more manageable i.e. smallest debt or highest interest, whichever you feel will give you more motivation.
    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 11th Apr 18, 6:48 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    I agree, I'm just focusing on one debt so I am getting 1-2% a week. If I was doing my whole debt I'd only have got about 2% in the past couple of months.

    number 48, 15% paid off surveys. What a big milestone, really pleased with this.
    • pinkfluffybabe
    • By pinkfluffybabe 12th Apr 18, 11:46 PM
    • 2,549 Posts
    • 8,135 Thanks
    pinkfluffybabe
    #15 now at 8%
    Not buying unnecessary toiletries 2018 - 73/162 UU, 42 IN
    Mortgage Free Wannabe 2018 No.180 810/2000
    1% challenge No.15 - 18% 2 savers No.12 - 100 5p Savers No.3 - 14.75
    Virtual Sealed Pot No.12 - 150/150 1p a day Challenge 648.97/667.95
    • LLM2018
    • By LLM2018 13th Apr 18, 7:15 PM
    • 117 Posts
    • 388 Thanks
    LLM2018
    Hello. #21

    I haven't posted in a while, I've reached 17.5% so far.

    #21 Make 1% challenge 79.95/100%
    #78 PAYDBX '18 1994/2494 paid
    #6 Crazy clothes challenge
    1 debt vs 100 days 100/600 so far
    #54 SPC 12 Opening 31st Oct 2019 It will be a total surprise
    • Charleyalmostking
    • By Charleyalmostking 16th Apr 18, 9:18 PM
    • 147 Posts
    • 156 Thanks
    Charleyalmostking
    I'd like to join, my goal is 3,000 which is half of our wedding budget
    So my 1% is 30.00
    we want to save up our budget amount before we spend anything

    304.48 already in the account (10%)
    Last edited by Charleyalmostking; 16-04-2018 at 9:37 PM.
    Wedding Fund: 1107.23 / 2,500 Xmas'18: 100.00 / 300.00 Emergency Fund: 100.00 / 1,000H2B ISA: 30.50
    • vintagebrighton
    • By vintagebrighton 17th Apr 18, 4:44 PM
    • 559 Posts
    • 1,709 Thanks
    vintagebrighton
    #6 at 66%

    Belatedly checking in with a total of 66% towards my goal. I've not updated here but I've been keeping count in my bullet journal!

    I really need to catch up with you all now

    VB x
    Australia (1% Challenge #6) ~ 0/100
    Weight Loss Challenge ~ 0/42
    Save 12k in 2018 #32 ~ 4250/6000
    • LLM2018
    • By LLM2018 20th Apr 18, 2:57 PM
    • 117 Posts
    • 388 Thanks
    LLM2018
    #21 checking in with an update of 19% so far

    #21 Make 1% challenge 79.95/100%
    #78 PAYDBX '18 1994/2494 paid
    #6 Crazy clothes challenge
    1 debt vs 100 days 100/600 so far
    #54 SPC 12 Opening 31st Oct 2019 It will be a total surprise
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