Save a penny a day 2018

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claireyfairy82
claireyfairy82 Posts: 112 Forumite
in Debt-free wannabe challenges
Hi all


I'm planning on following the penny a day challenge again this year, as it really kept me motivated to save. Below is the link to the thread from last year.

http://forums.moneysavingexpert.com/showthread.php?t=5578213


The basic idea is that you save:


1p on the 1st of January
2p on the 2nd of January
...
£3.65 on the 31st December


Your total at the end of the year would be £667.95.


Personally I tend to mix the days up a bit more, i.e if I have £2.52 in my purse that's what I put in that day. I also found it a bit easier to try and get some of the larger amounts scored off towards the beginning of the year.


Please feel free to join in.
JAN - £208.56/£250 NSD-8
FEB - £121.51/£200 NSD- 1
Penny a day challenge #001: £200.79/£667.95
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Comments

  • claireyfairy82
    claireyfairy82 Posts: 112 Forumite
    edited 7 February 2018 at 1:22PM
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    001 claireyfairy82
    002 motivated £15.00/£667.95
    003 RhiBi
    004 DJB343
    005 claremylove
    006 enjoyyourshoes
    007 Honeysucklelou2
    008 Buffythedebtslayer
    009 datlex
    010 Jellibeanz
    011 A Random Man
    012 Black taxi
    013 Klbooth £76.10/£667.50
    014 IrisViolet
    015 starting_again_in_the_sun
    016 NeverendingDMP
    017 bigsatsuma
    018 NuclearGreyhound
    019 Pinkfluffybabe
    020 Petram20
    021 Shashwoo
    022 Tink_04
    023 TownMouse
    024 Tales17
    025 vickyleigh
    026 Jules*43
    027 libster08
    028 Lexilou22
    029 nelie
    JAN - £208.56/£250 NSD-8
    FEB - £121.51/£200 NSD- 1
    Penny a day challenge #001: £200.79/£667.95
  • motivated
    motivated Posts: 3,044 Forumite
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    Hi claireyfairy

    Please count me in, I like the sound of this challenge
    M
    Emptying my lake with a teaspoon
  • RhiBi
    RhiBi Posts: 703 Forumite
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    I’ll join this challenge if that’s ok! Xx
    Virtual Sealed Pot No.07
  • DJB343
    DJB343 Posts: 54 Forumite
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    Interested in giving this one a go!
    DEBT - £34,469 | £6,224.01 REMAINING - 81% PAID OFF. GETTING THERE
  • claremylove
    claremylove Posts: 704 Forumite
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    Count me in please !!!
    £2 coin savings club 2024 #1 £0 (2023 £754; 2022 £472; 2021 £256; 2020 £358; 2019 £512; 2018 £404; 2017 640)Saving for Xmas 202 £1 a day #4 £365 / £365 3-6 month emergency fund challenge #48 £2,377 Save a penny a day 2024 #32 £ . / £667.95 £1000 emergency fund challenge #232 £1,007/ £1,000 (achieved Nov 2020)
  • enjoyyourshoes
    enjoyyourshoes Posts: 1,093 Forumite
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    what do you do with the £667.95 on 1 JaN ?
    Debt is a symptom, solve the problem.
  • motivated
    motivated Posts: 3,044 Forumite
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    enjoyyourshoes wrote: »
    what do you do with the £667.95 on 1 JaN ?

    Mine will go towards a much needed break :T
    Emptying my lake with a teaspoon
  • Honeysucklelou2
    Honeysucklelou2 Posts: 4,657 Forumite
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    Yes please, can I join in?
    paydbx2024 #2 £480/£5000 . Mortgage £144k start ~ £148k Jun 23 -
    2024 savings challenge £5/£2000     EF £140. Savings 2 £30.00. Weekly savings envelope #17
  • Buffythedebtslayer
    Buffythedebtslayer Posts: 18,921 Forumite
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    Hello can I join please?

    I think I will do it backwards as it will be more of an incentive to keep going...:)

    XXX
    Nevertheless she persisted.
  • datlex
    datlex Posts: 2,239 Forumite
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    I did this in previous years along side the pounds to week challenge. It does help to get you into the savings mentality. It can be quite expensive towards the end especially as that comes just before Christmas, however one way to get round that is to mix up the days. So for example on week 1 you have 1p+2p+3p+4p+5p+6p+7p then on week 2 you have £3.64 + £3.63 + £3.62 + £3.61 + £3.60 + £3.59+£3.58 on week 3 you have 8p+9p+10p+11p+12p+13p+14p on week 4 it is £3.57, £3.56, £3.55,£3,54,£3,53,£3.52,£3.51. Another way is to start the challenge now, but to restart in November next year so that you have the money for Christmas 2019.
    Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
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