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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 11th Dec 17, 7:36 PM
    • 897Posts
    • 2,547Thanks
    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 21
    • AdventureWanted
    • By AdventureWanted 1st Aug 18, 7:50 AM
    • 897 Posts
    • 2,547 Thanks
    AdventureWanted
    Morning
    Payday payment and a tax refund have taken me to 79% paid . Hope everyone has a good day.
    • squeeeek
    • By squeeeek 2nd Aug 18, 10:17 AM
    • 276 Posts
    • 1,848 Thanks
    squeeeek
    Morning! NO 55 Checking in with 20% paid
    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
    • LLM2018
    • By LLM2018 4th Aug 18, 11:34 PM
    • 117 Posts
    • 387 Thanks
    LLM2018
    #21 checking in with a massive 75% paid. So close to the end.
    #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
    • squeeeek
    • By squeeeek 6th Aug 18, 6:40 AM
    • 276 Posts
    • 1,848 Thanks
    squeeeek
    No55 now at 22%
    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
    • remote_control
    • By remote_control 6th Aug 18, 8:39 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Number 48 checking in with 50% paid. I'm going to have to take a break now as we've had a lot of massive expenses. I have really enjoyed this challenge and look forward to knocking off the next 50% in a couple of months.
    • LuckyPenny
    • By LuckyPenny 6th Aug 18, 9:42 PM
    • 782 Posts
    • 5,847 Thanks
    LuckyPenny
    #28 1,867.25/4000 46.5%

    Slowly chipping away at it: eBay, Facebook sales, loyalty card points, cashback, vouchers, market research ... you name it I'll give it a try! I haven't checked in for a while as I've been job hunting.

    LPx
    1% Challenge #28 [COLOR=red]2,856.84/4000 71%
    Pay off all debts by Xmas 2017 #40 7,312/6500 Christmas 2018 Saving #16 135/365 Christmas 2019 Savings 2/365
    Competition wins 12,125.60
    Declutter 3 per day
    • spudsmum
    • By spudsmum 9th Aug 18, 8:09 PM
    • 345 Posts
    • 1,819 Thanks
    spudsmum
    Had some money leftover from my shopping budget so made a payment to my credit card. That means #39 now at 9%
    Total debts 21050! now 18934.52 . 1% challenge 1641.25/15000 (10.94%) Total extra income made in 2018 2544.79 frugal budget 2018 6253/7600 Aiming for debt free at 40 - only 24 months to go!
    • AdventureWanted
    • By AdventureWanted 13th Aug 18, 2:42 PM
    • 897 Posts
    • 2,547 Thanks
    AdventureWanted
    Hi can I join please one of my cards is 3982.00 so my 1% will be 39.82 hoping to reach 2% in August thank you
    Originally posted by lindez
    Hi lindez,
    Welcome to the 1% challenge. I've assigned you number 63. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • squeeeek
    • By squeeeek 13th Aug 18, 5:52 PM
    • 276 Posts
    • 1,848 Thanks
    squeeeek
    Good evening all

    No55 checking in with 24% paid!


    Speeding along rather quicker than anticipated due to major budget slashing and working every available hour!!
    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
    • Trixxxibella
    • By Trixxxibella 17th Aug 18, 7:33 AM
    • 7 Posts
    • 19 Thanks
    Trixxxibella
    Can I join please? :-)

    I used the 1% grids last time which really helped and stopped me getting overwhelmed with the big figure.

    Im going to tackle one debt at a time & Im getting rid of the smallest first so my overdraft of 500 is my first target.
    1% = 5. Im currently using 250 of it at the moment but if I aim for the full 500 there will be enough in my account to safely remove the OD without causing cashflow trouble. Doing some overtime on Sunday which will help me reach it.

    Thanks x
    • AdventureWanted
    • By AdventureWanted 17th Aug 18, 11:54 AM
    • 897 Posts
    • 2,547 Thanks
    AdventureWanted
    Can I join please? :-)

    I used the 1% grids last time which really helped and stopped me getting overwhelmed with the big figure.

    Im going to tackle one debt at a time & Im getting rid of the smallest first so my overdraft of 500 is my first target.
    1% = 5. Im currently using 250 of it at the moment but if I aim for the full 500 there will be enough in my account to safely remove the OD without causing cashflow trouble. Doing some overtime on Sunday which will help me reach it.

    Thanks x
    Originally posted by Trixxxibella
    Hi Trixxxibella,
    Welcome to the 1% challenge. I've assigned you number 64. If you could mention your number when checking in that'd be great. Good luck with your 1%s.
    • AdventureWanted
    • By AdventureWanted 17th Aug 18, 11:59 AM
    • 897 Posts
    • 2,547 Thanks
    AdventureWanted
    #1 now at 83%.
    • chocolatebum
    • By chocolatebum 19th Aug 18, 3:55 PM
    • 244 Posts
    • 1,730 Thanks
    chocolatebum
    #61 checking in with 17% paid
    DEBT
    30/08/18 = 20,486.52
    30/09/18 = 20,256.60 (1.12% paid)
    31/10/18 = 19,945.64 (2.64% paid)
    DFD JUNE 2022 DEC 2021
    • Rachel24
    • By Rachel24 19th Aug 18, 5:43 PM
    • 201 Posts
    • 753 Thanks
    Rachel24
    Number 20 at 3% paid.
    • LLM2018
    • By LLM2018 19th Aug 18, 6:50 PM
    • 117 Posts
    • 387 Thanks
    LLM2018
    #21.

    another 1% paid off so now at 76%
    #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
    • spudsmum
    • By spudsmum 23rd Aug 18, 12:29 AM
    • 345 Posts
    • 1,819 Thanks
    spudsmum
    Had some money leftover from my shopping budget so made a payment to my credit card. That means #39 now at 9%
    Originally posted by spudsmum
    Number 39 - finally at 10% with 1500 paid
    Total debts 21050! now 18934.52 . 1% challenge 1641.25/15000 (10.94%) Total extra income made in 2018 2544.79 frugal budget 2018 6253/7600 Aiming for debt free at 40 - only 24 months to go!
    • LexieLou
    • By LexieLou 26th Aug 18, 9:55 PM
    • 638 Posts
    • 1,099 Thanks
    LexieLou
    No 53 with 27.5%
    Sept 10 a day 150 / 300, 50% Oct 10 a day / 300 0%
    1% Challenge #53
    7.54 in sealed pot 10.05.18
    Tesco Vouchers 30.50
    EF #2 used, back to zero. EF #1 still in progress
    • Whatshername
    • By Whatshername 27th Aug 18, 8:45 PM
    • 67 Posts
    • 381 Thanks
    Whatshername
    #042 checking in with 24%

    Been a while since I last checked in but its chipping away slowly
    #030 Sealed Pot 2019 Challenge - Declare 31st Oct
    #064 Pay debts by Xmas 2018 Challenge - 1462/5252
    #042 100 ways for 1% challenge - 28%
    • pinkfluffybabe
    • By pinkfluffybabe 29th Aug 18, 9:26 PM
    • 2,547 Posts
    • 8,121 Thanks
    pinkfluffybabe
    No15 now at 15%
    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 - 4.75
    Virtual Sealed Pot No.12 - 150/150 1p a day Challenge 617.26/667.95
    • lindez
    • By lindez 30th Aug 18, 8:51 PM
    • 394 Posts
    • 1,587 Thanks
    lindez
    #63 checking in with 4% paid off. Thank you
    Payment A Day Chapter 18:
    MFWB#44
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