The365 Day Penny Challenge

edited 6 June 2017 at 2:18PM in Debt-free wannabe challenges
174 replies 37K views
helejenkins1helejenkins1 Forumite
227 Posts
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]
Make £10 a day in May- £90/£150


  • theresamum2theresamum2 Forumite
    96 Posts
    Seventh Anniversary 10 Posts Combo Breaker
    I'm doing this aswell :) and I'm not doing it in order either
    Mum to two girls chloe & Lily-Rose
  • 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.
    Make £10 a day in May- £90/£150
  • IrishRose12IrishRose12 Forumite
    1.7K Posts
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    We done this last year for our Florida holiday in July and it was great. I'm joining in again this year
    Pay all debt off by Christmas 2023 £150/£4500£1 a day challenge 2023 - £31/£730 Declutter a bag a week in 2023 2/52Lose 23lb - 2/23lbs No more buying books - read more - 0/52Pay off credit card debt 5%/100%
  • 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.
    Make £10 a day in May- £90/£150
  • 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_13Kim_13 Forumite
    1.9K Posts
    Intrepid Forum Explorer Newshound!
    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.
    Sealed Pot 11 #520 ~ /£100
    VSP 2018 #9 ~ £19.55/£180.00
    CCCC 2018 #1 ~ £20.75/£180.00
  • Talia1Talia1 Forumite
    153 Posts
    Tenth Anniversary 100 Posts Combo Breaker
    I like this savings plan, it's doable and would fit into my Christmas budget, please count me :j
    The 365 day 1p Challenge 2023 ~60 £0/667.95
    Save £2023 in 2023 0/£2023

  • mrshubbardmrshubbard Forumite
    176 Posts
    Tenth Anniversary Combo Breaker
    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.
    1 debt vs 100 days -
    Debtfree by Xmas
    NST - 1/18 NSDs £54/£250 food 0/£60spends
    Debts - CC1-[STRIKE]£4438.89[/STRIKE] £4329.82 CC2-[STRIKE]4560.38[/STRIKE] £3672.52 CC3-[STRIKE]£10,326[/STRIKE]£10,155.85 CC4 - [STRIKE]£3286[/STRIKE]
  • edited 31 December 2016 at 6:36PM
    helejenkins1helejenkins1 Forumite
    227 Posts
    edited 31 December 2016 at 6:36PM
    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
    3. Litchielou
    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.
    Make £10 a day in May- £90/£150
  • Me too please xx
    Aiming to spend less,want less and need less.
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