The365 Day Penny Challenge 29 December 2016 at 11:03AM edited 6 June 2017 at 2:18PM in Debt-free wannabe challenges 174 replies 37K views

helejenkins1

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 :j

If you haven’t already, join the forum to reply! [purplesignup][/purplesignup]

theresamum2

I'm doing this aswell and I'm not doing it in order either

helejenkins1

I hope can keep with it because its a great way of saving and keeping it fun.
Good luck, lets hope we have the full amount at the end of the year.

IrishRose12

We done this last year for our Florida holiday in July and it was great. I'm joining in again this year

helejenkins1

Hi Irishrose, is there an existing challenge somewhere I don't know about as I would love to join to keep me motivated, otherwise I'll keep this thread going.

Litchielou

We put all loose change (20p or less) in an old whiskey gallon bottle and I have just counted and it came to £55 and this is from September. We don't miss this change wonder how much it will be if I left it for a year.

Kim_13

I'm thinking of getting a new phone in the new year so will be looking to use this as a savings vehicle for that purpose. I too won't be doing it in order so that I might have amassed enough part way through the year.

Talia1

I like this savings plan, it's doable and would fit into my Christmas budget, please count me :j

mrshubbard

Sounds good, I wont be doing it in order and will just add to our quarter full whisky bottle - no idea how much is in but should come to a tidy sum by Christmas. Will have to make up a chart, I like a visual progress check.

helejenkins1

Great well I think theres enough of us to start our own challenge so I will go ahead and give us all numbers
1. helejenkins
2.Irishrose12
3. Litchielou
4.Kim_13
5.Talia1
6.MrsHubbard
7. Welshkaren45
8. Queeofcolouringandtea
9. Tinks112
10. theresamum2
11. 2sonmum
12. Tinah
13. Jellie
14. Jevvers
15. Barnez
16. focus888
17. Honeysucklelou2
18. Doris17
19. Ladygri
20. Pickle_99_uk
21. 32b3



Feel free to update when you like and I will keep a tally of how much we save throughout the year.

Good Luck everyone.

welshkaren45

Me too please xx