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366 Day 1p Challenge 2020

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elsiepac
elsiepac Posts: 2,673 Ambassador
Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
edited 22 January 2020 at 12:22PM in Debt-free wannabe challenges
Hi everyone

Welcome to the 366 Day 1p Challenge for 2020!

The rules are simple - every day you put aside an amount between 1p and £3.66, covering all the incremental amounts in between... You can do this starting at 1p and working up, or start at £3.66 and work down, or just put aside whichever amount off the list you'd like to each day.

To keep track, please feel free to download this spreadsheet created by the MSE Team and mark off each amount as you put it aside.

If you'd like to be allocated a number and added to the second post in this challenge, please post and I will issue you a number for your signature.

Good luck everyone!

Please see the original challenge post below from helejenkins1

I started this challenge in 2017, but due to the pressure of a large amount of debt I struggled to keep up with it. As of this month, I am debt free and determined now to save as much as I can to have a more secure future. I know some of you will be in a much different situation, but we are all here for our own reasons.

The aim of the challenge is to save 1p on 1st January, 2p on 2nd January till the 31st December where you would save £3.65. Obviously this makes the end of the challenge very expensive, so I find it better to just mix it up a little bit. If I have £3.01 in my purse, I'll just mark that day off.

At the end of the year, you will have £667.95. Use this money as you wish. Pay off some debt, treat yourself or just continue to save it.

I'll keep this thread going even if I'm on my own as I want and need to stay motivated. If anyone wants to join me along the way you are more than welcome.

Happy saving

MSE Molly says: The 1p Savings Challenge has been run for many years by our Forumites, and here at MSE Towers, we wanted to make it easier for people to join in, experienced or newbies!
So we've created our own version of the 1p Savings Challenge tracker (which includes 366 days for the leap year in 2020). Simply download or print off the table, and tick off one box per day - there is no set order!
For more details, read our blog about the challenge here.

[purplesignup][/purplesignup]
If you haven’t already, join the forum to reply.
I’m a Forum Ambassador and I support the Forum Team on the Old Style, Crafting and Techie Stuff boards.If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
GC: May 22 £tbc/£250 Vegan 27-8-13
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Comments

  • elsiepac
    elsiepac Posts: 2,673 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 15 March 2020 at 5:23PM

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    I’m a Forum Ambassador and I support the Forum Team on the Old Style, Crafting and Techie Stuff boards.If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
    GC: May 22 £tbc/£250 Vegan 27-8-13
  • Sounds interesting! Count me in please elsiepac :D
  • 2020 is a leap year, so maybe hand write 366 at the end of your printout. Or treat it as a 'free day'
  • Can I sign up for this? Have got a print out which states weekly values for this so will probably be doing weekly or monthly transfers. Am intending for the money to go into my house-buying fees account, which currently only has a couple of hundred pound in-would like to grow it as much as I can in 2020 so this will definitely help!
  • Oh yes please. I've already potted my first month's savings :j
    £2 coin savings club 2025 #1 £166 (2024 £692; 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 £10,030 Save a penny a day 2024 #32 £ . / £667.95 £1000 emergency fund challenge #232 £1,007/ £1,000 (achieved Nov 2020)
  • dizzybee
    dizzybee Posts: 1,424 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Could i sign up please, this would come in so handy next year.

    SPC no:076
  • Could I also sign up for this please I'm doing double amounts doing it for my 2 daughters :)
    Mum to two girls chloe & Lily-Rose
  • Could I join you please. I started once before but had to give up as I left my job and needed savings to live.
    "A thousand candles can be lit from a single candle without shortening the life of that candle."

    I still am Puddleglum - phew!
  • Could I sign up I did it last year this year I’ll be better. Thank you so much for running this will print spreadsheet yippee
    DF by 2023 No 17 £1,644 /£6000 Total debt £18,000 at the start of DFW Journey. 201814TH JULY 2021 DEBT FREE now in control365 1p challenge No 49
  • elsiepac
    elsiepac Posts: 2,673 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 26 December 2019 at 7:47PM
    Hi everyone! Great to have you here - please see post 2 for your Challenge Numbers.

    doconnor - The spreadsheet I've linked is one from an external site however the busy bods at MSE Towers have come up with our own branded one! I'm not sure if it'll be a leap year one or not - personally I think I'll struggle enough with the 365, so may well give myself a free day!
    I’m a Forum Ambassador and I support the Forum Team on the Old Style, Crafting and Techie Stuff boards.If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
    GC: May 22 £tbc/£250 Vegan 27-8-13
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