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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 11th Dec 17, 7:36 PM
    • 850Posts
    • 2,396Thanks
    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 17
    • remote_control
    • By remote_control 14th May 18, 10:38 AM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Number 48 checking in with 23% very slow progress.
    • remote_control
    • By remote_control 16th May 18, 7:11 AM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Number 48 24% - that was a surprise after me moaning it was slow!
    • pinkfluffybabe
    • By pinkfluffybabe 16th May 18, 8:24 AM
    • 2,537 Posts
    • 8,075 Thanks
    pinkfluffybabe
    #15 now on 10%
    Not buying unnecessary toiletries 2018 - 73/162 UU, 40 IN
    Mortgage Free Wannabe 2018 No.180 765/2000
    1% challenge No.15 - 17% 2 savers No.12 - 98 5p Savers No.3 - 4.75
    Virtual Sealed Pot No.12 - 110.47/150 1p a day Challenge 584.43/667.95
    • AdventureWanted
    • By AdventureWanted 16th May 18, 8:56 AM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    Hello:-)

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

    Reading the ways everyone else is managing is really encouraging!
    Originally posted by astoryandasong
    Hi astoryandasong,
    Welcome to the 1% challenge. I've assigned you number 51. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 16th May 18, 9:00 AM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    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%)
    Originally posted by Charleyalmostking
    Hi Charleyalmostking
    Welcome to the 1% challenge. I've assigned you number 52. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 16th May 18, 9:06 AM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    Hi,

    Is it too late to join? I'd love to gather up a 1,000 for a back up emergency fund

    Thanks
    Originally posted by LexieLou
    Hi Lexielou
    Welcome to the 1% challenge. I've assigned you number 53. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 16th May 18, 9:07 AM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    If it's not too late I'd love to join. I've got 26,900 in credit card debt so my 1% is 270.

    I won't be able to continue to pay down our debt at the same rate I've managed so far this year so I feel I need a new challenge to stop me getting demotivated. Seeing it in 1% steps will definitely help
    Originally posted by lifebegins
    Hi Lifebegins,
    Welcome to the 1% challenge. I've assigned you number 54. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 16th May 18, 9:14 AM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    Hi all,
    I've finally got round to updating the members list. Sorry it's taken so long.
    Well done on all the 1% payments being made. It's amazing to think the amount of money we have all paid off debts as a group so far this year. Keep up the good work


    My payment today has taken me to 50% paid.
    • Rachel24
    • By Rachel24 16th May 18, 10:15 PM
    • 201 Posts
    • 739 Thanks
    Rachel24
    Number 20 reporting in with 25%. I know I should be happy I'm at 25% but still feel like it's so long before I reach the end :-(
    • remote_control
    • By remote_control 21st May 18, 8:36 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Number 48 - 25%! Made it a quarter of the way. Wish it was going faster but also pleased with how far we've come
    • squeeeek
    • By squeeeek 21st May 18, 9:30 PM
    • 276 Posts
    • 1,848 Thanks
    squeeeek
    Hi, is it okay if I join in please?
    My 1% is 117
    Family Loan 1 2200.00 0.00 Family Loan 2 750.00 0.00 MBNA 1967.00 1467.00 Lloyds Loan 10,000 6156.67 Mortgage 78,000 72949.39
    • AdventureWanted
    • By AdventureWanted 21st May 18, 9:34 PM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    Hi, is it okay if I join in please?
    My 1% is 117
    Originally posted by squeeeek
    Hi Squeeeek,
    Welcome to the 1% challenge. I've assigned you number 55. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • LLM2018
    • By LLM2018 22nd May 18, 7:42 PM
    • 112 Posts
    • 369 Thanks
    LLM2018
    #21 checking in.

    I'm now at 22%. It's taking ages lol.
    #21 Make 1% challenge 77.54/100%
    #78 PAYDBX '18 1934/2494 paid
    #6 Crazy clothes challenge
    1 debt vs 100 days 40/600 so far
    #54 SPC 12 Opening 31st Oct 2019 It will be a total surprise
    • clairemg
    • By clairemg 24th May 18, 11:23 AM
    • 28 Posts
    • 36 Thanks
    clairemg
    Hi can I join please?
    I was part of the old thread.
    my debt is 6633 so 1% = 66.33
    so far i've paid 25% progress is slow but getting there
    One step at a time:
    CC1 6633.00 so far 28% paid.
    • AdventureWanted
    • By AdventureWanted 28th May 18, 8:43 AM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    #1 checking in. Hmrc refund and additional hours worked by DH has taken us to 56% paid.
    • AdventureWanted
    • By AdventureWanted 28th May 18, 8:45 AM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    Hi can I join please?
    I was part of the old thread.
    my debt is 6633 so 1% = 66.33
    so far i've paid 25% progress is slow but getting there
    Originally posted by clairemg
    Hi Clairemg,
    Welcome to the 1% challenge. I've assigned you number 56. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • Charleyalmostking
    • By Charleyalmostking 28th May 18, 6:17 PM
    • 147 Posts
    • 156 Thanks
    Charleyalmostking
    May I join, my 1% is 25
    This will be going towards our wedding
    Wedding Fund: 1107.23 / 2,500 Xmas'18: 100.00 / 300.00 Emergency Fund: 100.00 / 1,000H2B ISA: 30.50
    • AdventureWanted
    • By AdventureWanted 28th May 18, 7:30 PM
    • 850 Posts
    • 2,396 Thanks
    AdventureWanted
    May I join, my 1% is 25
    This will be going towards our wedding
    Originally posted by Charleyalmostking
    Hi Charleyalmostking
    Welcome to the 1% challenge. I've assigned you number 52. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • vintagebrighton
    • By vintagebrighton 29th May 18, 3:39 PM
    • 558 Posts
    • 1,703 Thanks
    vintagebrighton
    #6 back down to 0%

    I was saving for a trip to Australia to see our grandchild. DD had him a bit early so he arrived and all the money is spent! I can't think of a better way to spend it though It's all been very exciting

    Anyway, will think of something else I'd like to save for (apart from the 6k challenge) and come back with details.

    Well done everyone

    VB x
    Australia (1% Challenge #6) ~ 0/100
    Weight Loss Challenge ~ 0/42
    Save 12k in 2018 #32 ~ 4250/6000
    • squeeeek
    • By squeeeek 30th May 18, 4:24 PM
    • 276 Posts
    • 1,848 Thanks
    squeeeek
    Number 55 here!
    Checking in with my first 1%
    Family Loan 1 2200.00 0.00 Family Loan 2 750.00 0.00 MBNA 1967.00 1467.00 Lloyds Loan 10,000 6156.67 Mortgage 78,000 72949.39
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