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  • FIRST POST
    • helejenkins1
    • By helejenkins1 29th Dec 16, 11:03 AM
    • 150Posts
    • 1,105Thanks
    helejenkins1
    The365 Day Penny Challenge
    • #1
    • 29th Dec 16, 11:03 AM
    The365 Day Penny Challenge 29th Dec 16 at 11:03 AM
    A friend of mine has just started this challenge on Facebook and I thought it seemed like a fun way of saving.
    I have started this thread to keep me motivated but if anyone wants to join me then please feel free to do so and I will start a challenger list.
    Also if anyone knows of a simular challenge then please point me in the right direction as I have searched and can't seem to find one.
    The idea of the challenge is that
    Day 1- Save 1p
    Day5- Save 5p
    Day 100- Save £1.00
    Day 365 Save £3.65

    By the end of the year you will have saved £667.95.

    I am not going to save in order of the day as it will get quite expensive as the year goes on but will do it according to the loose change I have at the time. I have started a spread sheet and will shade in each amount I have saved.

    Looking forward to meeting fellow money savers


    If you haven’t already, join the forum to reply!
    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by Former MSE Jessica; 06-06-2017 at 3:18 PM.
    £10 a day challenge 2017 Jan 2017 £358.80/£310 Feb £285.00/£280.00 March £68.10/£310.00
    £1 per day £89/£365
    Virtual Sealed Pot Challenge #17 £77.71/£200
    365 Day Penny Challenge £530.84/£667.95

Page 3
    • helejenkins1
    • By helejenkins1 31st Dec 16, 6:30 PM
    • 150 Posts
    • 1,105 Thanks
    helejenkins1
    Hi Guys and welcome to everyone who has joined us. I shall update the challenger list now.
    Shall we sy that we post weekly updates and I will keep a tally so we can see how much we have all saved by the end of the year. I'm thinking this will keep us motivated if we check in often.
    £10 a day challenge 2017 Jan 2017 £358.80/£310 Feb £285.00/£280.00 March £68.10/£310.00
    £1 per day £89/£365
    Virtual Sealed Pot Challenge #17 £77.71/£200
    365 Day Penny Challenge £530.84/£667.95

    • helejenkins1
    • By helejenkins1 31st Dec 16, 6:31 PM
    • 150 Posts
    • 1,105 Thanks
    helejenkins1
    Or even if you pit it in your sig's then I'll update from there.
    £10 a day challenge 2017 Jan 2017 £358.80/£310 Feb £285.00/£280.00 March £68.10/£310.00
    £1 per day £89/£365
    Virtual Sealed Pot Challenge #17 £77.71/£200
    365 Day Penny Challenge £530.84/£667.95

    • JanineB
    • By JanineB 1st Jan 17, 3:45 AM
    • 178 Posts
    • 121 Thanks
    JanineB
    Oh I started this yesterday! Please add me to the list too - thanks!!
    0% Debt: £7167.38 - Aim to clear by Feb 2020
    Savings: £4009.971 - Aim to reach 10K

    365 Savings Challenge - £24.85
    • *Jellie*
    • By *Jellie* 1st Jan 17, 8:16 AM
    • 2,949 Posts
    • 13,373 Thanks
    *Jellie*
    Evening

    I'm going to do this. There is a chart which helps you calculate each payment, but the payments peak in June, and then start getting lower again, so the end of the year isn't too expensive. It's set out in 3 month chunks too which helps me as I will be making the payments monthly.

    32b3
    Originally posted by 32b3in2013
    Sounds great- please could you post a link to the chart as I'd like to take a look.

    Well and truly fell off wagon!...2017 Womble #9 Gave up counting :-( Saving for Christmas 2017 #46 £250/ £520. 365 Day Penny Challenge in 2017 gave up! VSP 2017 # Gave up SPC 10. Stashbusting projects lost track! Crazy clothes challenge 2017 #12 £350/200.....oops!
    • takingcontrolatlast
    • By takingcontrolatlast 1st Jan 17, 10:38 AM
    • 551 Posts
    • 2,110 Thanks
    takingcontrolatlast
    Hi,

    I decided to only join one challenge this year .. and stick to it... so that i'm not overwhelmed and able to stay focused.

    I would love to join this challenge please? - it sounds so achievable
    Freedom - you've got to give for what you take
    • Fivebyfive
    • By Fivebyfive 1st Jan 17, 11:27 AM
    • 86 Posts
    • 360 Thanks
    Fivebyfive
    Please can i sign up for this challenge? I'm doing it weekly instead of daily, so today i have put away 0.28p
    Debt =£5,829.57 Aug 17 /£5,598.05 Mar 17/ £6,310.36 Feb 17/ £6,468.06 Jan 17/£6,593.06 Dec 16/ £6,545.36 Nov 16/ £6,886.82 Oct 16
    SPC #037
    • crafty witch
    • By crafty witch 1st Jan 17, 3:57 PM
    • 99 Posts
    • 884 Thanks
    crafty witch
    Can I join in please? Have just counted up my loose change jar which I was half heartedly using last autumn and have found £12-08 to get me started
    I'm not doing it in order so I've ticked off some of the big numbers at the end of the year

    Good luck all and happy new year!
    • theresamum2
    • By theresamum2 1st Jan 17, 4:04 PM
    • 87 Posts
    • 460 Thanks
    theresamum2
    Hi everybody right I have started getting kids to shut their eyes and pick a number so have started of with £1.04 and have coloured it in will update every Sunday
    Mum to two girls chloe & Lily-Rose
    20p savers club 2017 member-87
    Sealed pot challenge 10 member-407
    365 day challenge £11.01/£667.95
    Saving for xmas2017 a pound a day member-62
    5p savers club 2017 member-5
    • lcc86
    • By lcc86 1st Jan 17, 5:18 PM
    • 904 Posts
    • 2,380 Thanks
    lcc86
    Can I join please? This sounds like a fab challenge and a cheap one to keep up with, especially as I'll be debt free by Feb so for me, it'll be great to have something to start boosting my savings.

    I opened a new savings account today for the challenge, I had to have a minimum opening balance of £1 so started with £1.01 to get me going. Looking forward to seeing the total grow and hope to use the final amount towards a dream holiday to Australia in 2018!
    1/12/14 total £9,140 DFD 30/01/17
    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my original DFD

    25/08/17 new total £802 back in debt but determined clear it by February 2018! 17/11/17 - £110 2017 365 day challenge £597 saved for emergency fund
    • *Jellie*
    • By *Jellie* 1st Jan 17, 5:47 PM
    • 2,949 Posts
    • 13,373 Thanks
    *Jellie*
    Going to start with £3.65

    Well and truly fell off wagon!...2017 Womble #9 Gave up counting :-( Saving for Christmas 2017 #46 £250/ £520. 365 Day Penny Challenge in 2017 gave up! VSP 2017 # Gave up SPC 10. Stashbusting projects lost track! Crazy clothes challenge 2017 #12 £350/200.....oops!
    • takingcontrolatlast
    • By takingcontrolatlast 1st Jan 17, 5:56 PM
    • 551 Posts
    • 2,110 Thanks
    takingcontrolatlast
    I took an idea from Skint D*d and as well as saving in the jar I'm also going to save weekly by transferring the funds from one account to my other account (so I don't spend it). OH is giving me his "slummy" as well
    Freedom - you've got to give for what you take
    • cmcavon
    • By cmcavon 1st Jan 17, 7:44 PM
    • 316 Posts
    • 1,033 Thanks
    cmcavon
    This is such a fab challenge, a great way to save for next Christmas. If you start today and do it every day until the end of November that's over £550

    I save a set amount per week and put it in a separate savings account. Nationwide let you rename your accounts so I have one named "Christmas", helps to keep me motivated!
    Making £1,000 plus every month from home
    • sunshineyday
    • By sunshineyday 1st Jan 17, 8:03 PM
    • 743 Posts
    • 8,405 Thanks
    sunshineyday
    Hi
    my OH and I have just finished doing this for 2016, we haven't cracked open the pots yet to see our final total. Can I be added to the list for 2017 please. I will be doing it in reverse this time and will be making the month's deposit when January's payday finally comes.
    • LoLo
    • By LoLo 1st Jan 17, 9:15 PM
    • 515 Posts
    • 1,302 Thanks
    LoLo
    Hi, I'd like to join in this challenge please. Will update at the end of every week .
    Sealed pot member 049

    Penny challenge - £4.59/£667.95

    1 debt vs 100 days challenge 27 £500/£1500
    • curly B
    • By curly B 1st Jan 17, 10:00 PM
    • 136 Posts
    • 453 Thanks
    curly B
    Can I join too ?
    • Pickle_99_uk
    • By Pickle_99_uk 2nd Jan 17, 8:00 AM
    • 95 Posts
    • 359 Thanks
    Pickle_99_uk
    Morning,

    I'm now on £7.31

    x
    365 day penny challenge £95.16/£667.95
    • RunningKatie
    • By RunningKatie 2nd Jan 17, 4:19 PM
    • 8 Posts
    • 17 Thanks
    RunningKatie
    Hi, have just started this challenge for this year, could I join?
    I started last year but lost interest so hopefully the thread will keep me motivated.
    • mrshubbard
    • By mrshubbard 2nd Jan 17, 4:55 PM
    • 175 Posts
    • 1,136 Thanks
    mrshubbard
    A few more payments made - 5p, 12p, 28p, 55p, £1.37, £1.72 & £2.72 so far.

    £6.81 in total to the cc & the whiskey bottle 😄
    1 debt vs 100 days -£100/£1600
    Debtfree by Xmas17 #161 £100/£3286
    365 day penny challenge - £94.14/£667.95
    NST - 3/16 NSDs £140.16/£250 food 0/£60spends
    Debts - CC1-£4438.89 £4393.72 CC2-4560.38 £4160.38 CC3-£10,326£10,155.85 CC4 - £3286
    • takingcontrolatlast
    • By takingcontrolatlast 2nd Jan 17, 7:11 PM
    • 551 Posts
    • 2,110 Thanks
    takingcontrolatlast
    I have a box with slummy in and have taken out the pennies to put in my jar - total now is £3.51 worth of pennies which takes me to 26th January

    Can I double check if its actual pennies we are saving or coinage? haha
    Last edited by takingcontrolatlast; 02-01-2017 at 7:16 PM. Reason: another question
    Freedom - you've got to give for what you take
    • *Jellie*
    • By *Jellie* 2nd Jan 17, 9:47 PM
    • 2,949 Posts
    • 13,373 Thanks
    *Jellie*
    I've added £3.35 today to take total to £7

    Well and truly fell off wagon!...2017 Womble #9 Gave up counting :-( Saving for Christmas 2017 #46 £250/ £520. 365 Day Penny Challenge in 2017 gave up! VSP 2017 # Gave up SPC 10. Stashbusting projects lost track! Crazy clothes challenge 2017 #12 £350/200.....oops!
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