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  • FIRST POST
    • helejenkins1
    • By helejenkins1 29th Dec 16, 11:03 AM
    • 149Posts
    • 1,040Thanks
    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 9
    • PlaysNicely
    • By PlaysNicely 30th Jun 17, 2:18 PM
    • 77 Posts
    • 449 Thanks
    PlaysNicely


    End of month money shuffle, clearing purses and pockets of odds this week to try to catch up on some of the days missed means another £12.41 added, giving a total of £ 73.54.

    However, being slightly OCD about that very unround number I've appropriated a little out of the car parking fund in the car to add the odd £1.46 which brings the total so far to a much calmer £75!

    Happy weekend to all.
    Last edited by PlaysNicely; 30-06-2017 at 2:19 PM. Reason: Being a numpty
    £1000 Emergency fund challenge #236 - £147 / £1000 365 day penny challenge - £142.00 / £667.95 30 Fridays savings pot = £ 105 / £465
    NST July #23 - trying to build up EF & savings (as above)
    • abundant1972
    • By abundant1972 2nd Jul 17, 2:58 PM
    • 1,177 Posts
    • 8,598 Thanks
    abundant1972
    Pay Day!!!

    I'm paying off July in one go...

    Amount Added : £61.07
    Total = £408.57 / £667.95

    Have a great month folks!
    Repay Car : Phase 2 : £0/£500 by 13/09
    Follow your heart & be true to yourself always
    Help To Buy ISA = £4883.65. EF = £1500/£4500
    NST Nov : NSD=1/16 : Food £0/£100 : Spends £0/£100
    Spiritual Practice =0/31. Exercise Sessions 0/14.
    • PlaysNicely
    • By PlaysNicely 4th Jul 17, 12:19 PM
    • 77 Posts
    • 449 Thanks
    PlaysNicely


    A bit of extra work means a bit of extra cash, so £10 snaffled from purse as a way of
    removing temptation & rewarding NSDs so far in July. Also helps with the catch up campaign from starting this challenge late.
    Total now £85 / £667.95

    PNx
    £1000 Emergency fund challenge #236 - £147 / £1000 365 day penny challenge - £142.00 / £667.95 30 Fridays savings pot = £ 105 / £465
    NST July #23 - trying to build up EF & savings (as above)
    • PlaysNicely
    • By PlaysNicely 7th Jul 17, 4:22 PM
    • 77 Posts
    • 449 Thanks
    PlaysNicely


    Bits and pieces added throughout the week and change just cleared out of purse and potted, to add £10.50 to total so far!

    Happy with signature updates, creeping up slowly!

    Hope everyone has a happy weekend! PNx
    £1000 Emergency fund challenge #236 - £147 / £1000 365 day penny challenge - £142.00 / £667.95 30 Fridays savings pot = £ 105 / £465
    NST July #23 - trying to build up EF & savings (as above)
    • PlaysNicely
    • By PlaysNicely 15th Jul 17, 5:08 PM
    • 77 Posts
    • 449 Thanks
    PlaysNicely


    Bits & pieces added throughout this week (to make sure I'm up to date and catching up from the late start)! Overall £18.26 added this week, signature now updated to total £113.76 / £667.95.

    Hope everyone's enjoying the weekend, PN x
    £1000 Emergency fund challenge #236 - £147 / £1000 365 day penny challenge - £142.00 / £667.95 30 Fridays savings pot = £ 105 / £465
    NST July #23 - trying to build up EF & savings (as above)
    • lcc86
    • By lcc86 29th Jul 17, 5:26 PM
    • 885 Posts
    • 2,363 Thanks
    lcc86
    Got paid yesterday so added £70 to the challenge. I've done some months out of order and paid extra when I could, so I worked out for the remainder of the year if I transfer £70 a month into the account then I'll hit the target. Helps to even the cost out what with Xmas coming up. Total £387.
    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! 01/10/17 - £420 2017 365 day challenge £527 saved for emergency fund
    • foxyloxy11
    • By foxyloxy11 29th Jul 17, 7:22 PM
    • 223 Posts
    • 1,219 Thanks
    foxyloxy11
    I have got all out of sync too so am now transferring 14.91 a week into a xmas savings account so hopefully will catch up in time
    365 day penny challenge - £200.19/£667.95
    £1000 Emergency fund challenge #225 - £440.00.00/£1000 Stage 1
    • Talia1
    • By Talia1 31st Jul 17, 7:12 AM
    • 103 Posts
    • 670 Thanks
    Talia1
    Still going strong with this challenge. It seems like a struggle now to keep putting back from survey payments etc.,, but it will all be worth it in the coming months. Manged £1175.02 so far, this is too cover all presents, birthdays, Christmas, Easter, weddings throughout the year. Spent some of this but still got a healthy amount left.
    £10 a day 2017 Jan-Sept £3327.88 Oct 11.75/£310
    365 Day Penny Challenge £1175.02/ £1800.00
    • abundant1972
    • By abundant1972 13th Aug 17, 12:34 PM
    • 1,177 Posts
    • 8,598 Thanks
    abundant1972
    Afternoon all!

    I'm a little late updating this month as have ben away... But August's has gone in:

    Amount Added : £70.68
    Total = £479.25 / £667.95

    Have a great rest of month folks!
    Repay Car : Phase 2 : £0/£500 by 13/09
    Follow your heart & be true to yourself always
    Help To Buy ISA = £4883.65. EF = £1500/£4500
    NST Nov : NSD=1/16 : Food £0/£100 : Spends £0/£100
    Spiritual Practice =0/31. Exercise Sessions 0/14.
    • lcc86
    • By lcc86 31st Aug 17, 11:20 AM
    • 885 Posts
    • 2,363 Thanks
    lcc86
    Added another £70 yesterday as got paid, I'm up to 457 now I believe. Am going to use this money as the beginning of an emergency fund I've decided! Have never had one and it's caught me out yet again.
    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! 01/10/17 - £420 2017 365 day challenge £527 saved for emergency fund
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