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  • FIRST POST
    • AdventureWanted
    • By AdventureWanted 11th Dec 17, 7:36 PM
    • 550Posts
    • 1,629Thanks
    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 5
    • AdventureWanted
    • By AdventureWanted 2nd Jan 18, 5:11 PM
    • 550 Posts
    • 1,629 Thanks
    AdventureWanted
    Well done arc2014 and A Random man on your %s. That!!!8217;s a fantastic start to the new year.
    • arc2014
    • By arc2014 2nd Jan 18, 7:29 PM
    • 193 Posts
    • 839 Thanks
    arc2014
    Thank you! I'm hoping to make an extra 6% this month on top of the 8% I pay minimum - watch this space!
    Logbook Loan 970.42/1000 DC1 90/1420.32 DC2 10/321.13 DC3 11.75/11.75 DC4 60/635 Personal Loan 1706.96/5000 Overdraft 0/1200 Total 2675.76/9388.20
    SPC #200
    PAYDBX18 #014 - 761.74/10,000
    Lightbulb Moment September 2017 - DFD Christmas 2018!
    • Lauralozzle
    • By Lauralozzle 2nd Jan 18, 8:38 PM
    • 560 Posts
    • 4,955 Thanks
    Lauralozzle
    Number 26 checking in with 1%
    Last edited by Lauralozzle; 02-01-2018 at 8:41 PM.
    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
    • LLM2018
    • By LLM2018 3rd Jan 18, 10:57 AM
    • 91 Posts
    • 312 Thanks
    LLM2018
    Hello. No 21 with 4% made from Ebay sales, a refund from my ancient 8 year old oyster card(I haven't been to London in 8 years since uni time) and getting gifts, food with coupons. YAY! Doing well so far I think and its only Wednesday. Got so much more to sell. Partner has joined in too lol.

    Good luck everyone
    • Blackberrycurved
    • By Blackberrycurved 3rd Jan 18, 7:58 PM
    • 91 Posts
    • 634 Thanks
    Blackberrycurved
    Hello All Number 7 here. The going without coffee to save my 1% is not going well today I was so stressed by it that I had to have 2 coffees. I may need to resort to not taking my debit card to work tomorrow and Friday.
    Blackberry Curved debt free 2018 Number 17 1607/11,000
    Save for Christmas Number 19 90 /365
    1% challenge Number 7 70/110
    • dizzytina
    • By dizzytina 4th Jan 18, 12:49 PM
    • 728 Posts
    • 3,584 Thanks
    dizzytina
    Hi everyone,
    Am i too late to join in? I really could do with the challenge to keep my eye on the ball. Im concentrating on one card at first so DIZZYTINA 1% is 30.84 .
    Last edited by dizzytina; 04-01-2018 at 4:59 PM.
    MBNA 8812.798,411.69 SANT 3168.742893.13 BARCLAY 5661.875573.53 NEXT 0 ARGOS 1857.121569.18
    #29 1% debt challenge 124.00/30.84
    • dizzytina
    • By dizzytina 4th Jan 18, 2:12 PM
    • 728 Posts
    • 3,584 Thanks
    dizzytina
    Just received a refund on car tax as we sold our vehicle so that's 6.66 towards my 1% and Ive sold an item on facebook so that's another 7.00 towards it. Only 17.18 to go till i reach my first 1%
    MBNA 8812.798,411.69 SANT 3168.742893.13 BARCLAY 5661.875573.53 NEXT 0 ARGOS 1857.121569.18
    #29 1% debt challenge 124.00/30.84
    • LLM2018
    • By LLM2018 4th Jan 18, 3:54 PM
    • 91 Posts
    • 312 Thanks
    LLM2018
    Hi. #21 checking in for the second time. I've sold some items on ebay so another 1% paid off. Now at 5.5% I'm happy with that.

    • Jaydee92
    • By Jaydee92 4th Jan 18, 7:07 PM
    • 45 Posts
    • 172 Thanks
    Jaydee92
    Good Evening,

    Please may I join this challenge? My 1% is 190. Have got 128 so far, so hoping to do my first 1% by the end of this month.

    Many Thanks, JD x
    SPC 11 - Number 322
    2018 1% Challenge - Number 30

    Debt: January 2016 - 29,524.74
    January 2018 - 19,769.91
    • AdventureWanted
    • By AdventureWanted 4th Jan 18, 7:10 PM
    • 550 Posts
    • 1,629 Thanks
    AdventureWanted
    Hi everyone,
    Am i too late to join in? I really could do with the challenge to keep my eye on the ball. Im concentrating on one card at first so DIZZYTINA 1% is 30.84 .
    Originally posted by dizzytina
    Hi, welcome to the 1% challenge. Anyone can join at any point during the year . Ive assigned you number 29. If you could mention it when checking in thatd be great. Good luck with your 1%s.
    • LuckyPenny
    • By LuckyPenny 4th Jan 18, 7:16 PM
    • 765 Posts
    • 5,726 Thanks
    LuckyPenny
    Hi all
    I've had a good start to my 1% challenge. I've just cashed out 6 from a market research, I'm hoping to sell a teddy for 4 tomorrow (facebook sale).

    I shopped at Asda and wombled a receipt whilst I was there - the Asda Price Check gave me 1.51 in vouchers.

    I have received a letter to say I'm getting a cheque for 80 compensation for a delayed train!

    I'm not counting them until they clear in my account or I've used the vouchers.

    But things are looking positive

    LP x
    1% Challenge [COLOR=red] #28 1,491.32/4000 37.2%[/COLLAR]
    Pay off all debts by Xmas 2017 #40 2,214/6500 Christmas 2018 Saving #16 107/365
    Competition wins 12,079
    Declutter 3 per day
    • cybertortoise
    • By cybertortoise 4th Jan 18, 8:05 PM
    • 119 Posts
    • 856 Thanks
    cybertortoise
    Number 2 Checking in with 15% cleared. There will be no more large payments now until the one due in April unless I win the lottery so things will slow right down and I'll be lucky to get 1% over 2 months. At least it's a good start though.

    I took advantage of a discount offered to me by a DCA on a debt I hadn't set up a payment plan for. They now have 1 a month to look forward to and I save nearly 70!

    I returned a vehicle I was paying on HP today. It was with a small company so I could just stop repayments and give it back at any time. I have to hope my van goes through its MOT tomorrow. I have no savings to fix it and will end up selling if it's too bad, and that may break my heart cos I love the thing! Hope everyone is well xx
    Last edited by cybertortoise; 05-01-2018 at 7:43 PM. Reason: added my number
    Fresh start & LBM #3: 29.08.17 DFD: 28.08.20 Debt at highest: 19383.27 Currently: 16576.07
    1% challenge: 0% Frugal 2018: 0/7500 Decluttering: 0/1095
    • pinkfluffybabe
    • By pinkfluffybabe 4th Jan 18, 9:54 PM
    • 2,485 Posts
    • 7,759 Thanks
    pinkfluffybabe
    No15 reporting 2% achieved.

    Made up from:

    M&S refund
    Royal Mail refund
    O2 refund
    Bank interest
    Piggy bank coins
    Not buying unnecessary toiletries 2018 - 43/162 UU, 11 IN
    Mortgage Free Wannabe 2018 No.180 495/2000
    1% challenge No.15 - 11% 2 savers No.12 - 78 5p Savers No.3 - 4.75
    Virtual Sealed Pot No.12 - 62.85/150 1p a day Challenge 290.36/667.95
    Completely Crazy Clothes Challenge 2018 #5 381.28/150
    • vintagebrighton
    • By vintagebrighton 5th Jan 18, 4:28 PM
    • 554 Posts
    • 1,688 Thanks
    vintagebrighton
    #6 checking in with 2%

    It's a start! We won't have much money till the end of the month so I've bagged up my change jar, swept up the bits of change from all my accounts and saved the leftover shopping money. It's all been put in a separate TSB account.

    Looking forward to making a real dent

    VB x
    Australia (1% Challenge #6) ~ 0/100
    Weight Loss Challenge ~ 0/42
    Save 12k in 2018 #32 ~ 3750/6000
    • Queenieviolet
    • By Queenieviolet 5th Jan 18, 8:44 PM
    • 169 Posts
    • 240 Thanks
    Queenieviolet
    Number 18 paid off 2.5%. Every little counts!
    1% challenge - 4018 - reduce by 100 payments of 41.
    • LuckyPenny
    • By LuckyPenny 5th Jan 18, 9:16 PM
    • 765 Posts
    • 5,726 Thanks
    LuckyPenny
    Sold a teddy bear today for 5, gave 2 to my husband, 3 in my Christmas savings jar. Not yet reached 1% but it will come at difference paces during the year.
    LPx
    1% Challenge [COLOR=red] #28 1,491.32/4000 37.2%[/COLLAR]
    Pay off all debts by Xmas 2017 #40 2,214/6500 Christmas 2018 Saving #16 107/365
    Competition wins 12,079
    Declutter 3 per day
    • AdventureWanted
    • By AdventureWanted 5th Jan 18, 9:19 PM
    • 550 Posts
    • 1,629 Thanks
    AdventureWanted
    Good Evening,

    Please may I join this challenge? My 1% is 190. Have got 128 so far, so hoping to do my first 1% by the end of this month.

    Many Thanks, JD x
    Originally posted by Jaydee92
    Hi, welcome to the 1% challenge. Ive assigned you number 30. If you could mention your number when checking in thatd be great. Good luck with your 1%s.
    LBM Aug 2017. DFD - Oct 2020 / Dec 2021
    CC1 - 0 / 5,185 1/8/17. CC2 - 450.00 / 13,470 1/8/17. CC3 - 10,100.00 / 11,400 1/8/17
    CC4 - 11,960.00 / 13,000 20/11/17
    2018 1% challenge - #1 - 61%.
    PAYDBX 2018 - #29 Pd 8,170.60 / 12,500
    • LuckyPenny
    • By LuckyPenny 6th Jan 18, 1:04 PM
    • 765 Posts
    • 5,726 Thanks
    LuckyPenny
    Use 1 worth of boots points today - every little helps

    LP x
    1% Challenge [COLOR=red] #28 1,491.32/4000 37.2%[/COLLAR]
    Pay off all debts by Xmas 2017 #40 2,214/6500 Christmas 2018 Saving #16 107/365
    Competition wins 12,079
    Declutter 3 per day
    • Jaydee92
    • By Jaydee92 6th Jan 18, 4:42 PM
    • 45 Posts
    • 172 Thanks
    Jaydee92
    Many Thanks for letting me join.

    Currently on 160.68/190, so not far off my first 1%.

    JD x (Number 30)
    SPC 11 - Number 322
    2018 1% Challenge - Number 30

    Debt: January 2016 - 29,524.74
    January 2018 - 19,769.91
    • Steve1097
    • By Steve1097 6th Jan 18, 5:51 PM
    • 2 Posts
    • 18 Thanks
    Steve1097
    Please can I join. Love this idea.

    My total debt is 13,742.07 (looks scary like that!)

    so my 1% is 137 - I'm going to round it up to 140

    Bring it on!!
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