366 Penny Challenge

dreamywings1

Been adding up all the days Ive done and already I have over £175 yay

MrsC....tobe

I'm also doing this and started at the start of the year. I've written out all of the numbers and instead of doing them in an increasing or decreasing order, I'm doing it randomly.

Every Friday night I empty my purse out, all the 20p, 10p, 5p, 2p and 1p coins go into seperate jars with my husband and when one of those is full we bag up the coins from them all and pay towards any debts.

Anything else, notes, £2, £1 or 50p coins all get totalled up. I then look at my book and start from the highest amount still to go, I take off 7 days worth of pennies, eg if I have 17.50 left I'd start with 366, 365, 364, 249, 176, 165 and 65. This stops a month of high payments if you do all the 300s in the first or last couple of months.

I'm making an extra payment today as I came across £36.02 randomly in a box of paperwork so will be knocking some days off for that in the hope that I finish the challenge very early this year!

Total so far for the year is in my sig.

MrsC....tobe

Oh, some weeks I've had a few no spend days and at the end of the week I've had nothing in my purse. I nip to the bank, take out £20 and get a bottle of wine as a treat for being so good on NSD, then penny challenge the rest!

reapwhatyousow

Hi - I'm trying this sort of idea for savings this year - I'm doing the 52 week challenge in reverse, so first week in January I transferred £52 from my current account to linked savings (easy 2 min job with Santander mobile banking app), then second week do £51, 3rd week £50 etc so by the December weeks you'll only be putting the odd pound in there. I'm transferring money every Saturday which is my day off so I remember to do it each week - it's sort of like paying myself pocket money I'm using linked savings as it is easy access so if I find I've been a bit over ambitious with the amounts I can always borrow back (or if an unexpected expense occurs I haven't locked my money away) but if I can manage to keep going and leave it alone I will have saved over £1000 by the end of the year - maybe enough for a holiday - just by intentionally moving money over and not letting it dribble out of my current account to Starbucks happy saving

kirklean

I read about the penny challenge on facebook and thought it was a great idea. I changed the game a little though and started at 10p incrementing in intervals of 10p.
The only issue potentially is that in December, I would be due my jar over a £1000 right at the time I would buy gifts for family.
I'm sure that I will have over £6.5k saved by following it through and it would otherwise have been money I could've spent on rubbish.

Jessiepig

kirklean wrote: »

I read about the penny challenge on facebook and thought it was a great idea. I changed the game a little though and started at 10p incrementing in intervals of 10p.
The only issue potentially is that in December, I would be due my jar over a £1000 right at the time I would buy gifts for family.
I'm sure that I will have over £6.5k saved by following it through and it would otherwise have been money I could've spent on rubbish.

Great idea. Will love to read later in the year how you are managing the totals. Best of luck X