2020 1% challenge

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  • charlies_tribe
    charlies_tribe Posts: 1,465 Forumite
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    Can I join again this year please. With being off work for 9 months last year I never managed to pay anything off (just seemed to respend what we did).

    Going to aim for £5000 paid off this year so my 1% is £50.
    LBM in April 17 - £14998/£33554 (44.6%) paid. Mortgage@1 June 18 = £9935/£76350 paid.Total debt @june 18 £102311 now £84972GC Jan £40.99/£500 2021 declutter 85/2021 items 0/20 bags clothes
  • Wimbrel
    Wimbrel Posts: 70 Forumite
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    Please, can I join? My 1% is £73 ( £7300 between a loan and a credit card) I would like to pay an additional 1% a month (as well any other payments above the minimum I can make as and when ) so intend to make a payment of £17 each and every week for 52 weeks, will be taking a flask of coffee and a packed lunch every day when I return to work next week and also aim to reduce the weekly shop by £10 a week. The aim will be to transfer £17 from the bank to reduce the credit card balance each Friday, starting tomorrow!
  • A_Random_Man
    A_Random_Man Posts: 1,144 Forumite
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    Can I join please I have cleared all of my debt apart from my car loan so am looking to save as much as I can therefore my 1% would be £61.37

    EF - £1025/£2000 (51.25%)
    Debt Remaining: £0.00 - Debt Free
  • Scloud
    Scloud Posts: 63 Forumite
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    After some back pay, saving pennies and clearing a savings account Imve managed to clear 50% of my overdraft!

    It’s going to slow down immensely now so heading to eBay for a few more % and looking into Appen.
    LBM November 2019
    Starting Debt: £52,803
    September 2021 total: £36,471
    Total paid: £15,683 29.9%
    My debt free diary: https://forums.moneysavingexpert.com/discussion/6110976/here-s-to-the-future/p1
  • Littlebigmoose
    Littlebigmoose Posts: 114 Forumite
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    Can I join too for 2020 please. Goal is to pay at least £3000 off this year. So my 1% is £30.
    #7... 3 - 6 month Emergency Fund Challenge (part 2)
    #25... 2024 Cash Envelope (or online) Saving Challenge

  • natnat13
    natnat13 Posts: 646 Forumite
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    I listed 20 items on ebay yesterday, one has already sold. It will all go towards my 1%s, I just need to calculate fees etc.
    Mum to 2 DSs, dog mum, wife full-time worker.
    Keen to live a healthly lifestyle and save money
  • FaceHeelTurn
    FaceHeelTurn Posts: 70 Forumite
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    Can I join in again this year please? My 1% is £32. I paid off over a quarter of my entire debt last year using this method, so looking forward to getting into it again!
    Debts: CC1: [STRIKE]£1675.83[/STRIKE] £2269.40 CC2: [STRIKE]£3209.11[/STRIKE] £707.56 CC3:[STRIKE]£704.04[/STRIKE] £235.69 OWE PARTNER: £0
    2020 1% Challenge:
  • Ljb12
    Ljb12 Posts: 1 Newbie
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    My 1% is £299. Would like to join this - the big number (£29,991) seems like a lot but £299 much more reasonable - albeit a lot and I don't know how we could make that extra, but we could definitely find it through monthly budgeting. Great idea!
  • LuckyPenny
    LuckyPenny Posts: 1,253 Forumite
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    I’d like to join please my 1% is £30, looking to save £3,000 this year
    Competition wins £13,987.09
  • Loadedsoul
    Loadedsoul Posts: 31 Forumite
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    May I join please.

    My 1% is £153. I’m currently servicing the debit at 3.29% a month but would like to add in another 1% a month. The challenge is to cut costs and save that extra 1%.

    Happy New Year!
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