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366 Day 1p Challenge 2020

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  • jaxsmar
    jaxsmar Posts: 518 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Day 298 target should be £445.51 managed £486.00 over spent this month but I have decorated plus bought some Xmas presents/turkey!

    Penny wise pound foolish. 366 days 1p challenge 2020/21/22/23 completed.
    No.13 1p a day challenge 2024
    No. 24 52 week savings challenge completed August 24
    No.16 1p a day savings challenge.
  • CazzieLT
    CazzieLT Posts: 348 Forumite
    Part of the Furniture 100 Posts
    edited 25 October 2020 at 7:19PM
    Hello savers!

    It's been a while since I checked in but I'm still potting away (virtually this year) and I currently have £648.15 and am ready to pot another £0.68 tonight (certainly enjoying the lower amounts after slogging through the big'uns!) What a year it's been so well done to anyone who has managed to save any amount in these tough times. I have managed to tuck away enough pennies to finish the challenge and hope to spend the lovely total on a holiday next year if I am fortunate enough to get the chance.

    I hope you all stay well and can keep saving. Look after those pennies and hopefully the pounds will look after themselves!

    Cazzie (#10) :) xxx
    House Deposit Fund - £30,000 / Fees Fund - £5,000
    Furniture Fund - £2,500 / White Goods Fund - £2,500 / Flooring Fund - £2,500
    Emergency Fund - £7,500
    365 Day Penny Challenge for 2025 - £548.60/£667.95 (Holiday Fund)
    £2 Savers Club for 2025 - £24/£200 (Christmas Fund)
    52 Week Card Challenge for 2025 - £191/£400 (Fun Fund)
  • IvysMom
    IvysMom Posts: 79 Forumite
    Third Anniversary 10 Posts
    Hi all 
    #35 checking in.  As the majority of people I moved to transferring money into my savings account rather than putting money in a pot since March.  I decided to total up a line of the checklist every Friday and transferring the total into my savings.  I have 4 Fridays left to go before completing the spreadsheet :) will definitely be doing this again next year.
  • jaxsmar
    jaxsmar Posts: 518 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    IvysMom said:
    Hi all 
    #35 checking in.  As the majority of people I moved to transferring money into my savings account rather than putting money in a pot since March.  I decided to total up a line of the checklist every Friday and transferring the total into my savings.  I have 4 Fridays left to go before completing the spreadsheet :) will definitely be doing this again next year.
    I actually find it better in a pot otherwise I get tempted to take the money out of the savings but that's just me! I have the printed sheet and visually mark off amounts will a highlighter  pen it's nice to see the white sheet becoming multicoloured 😀 by friend said she is going to print off a sheet buy some pens and pots and pop some money in the tin for a stocking filler present to encourage her girls to save. Yes I also will be doing the same next year.
    Well done Ivysmom


    Penny wise pound foolish. 366 days 1p challenge 2020/21/22/23 completed.
    No.13 1p a day challenge 2024
    No. 24 52 week savings challenge completed August 24
    No.16 1p a day savings challenge.
  • Hi all, I am on target balance of £559.45 x2
     
    For 2021 I am doing 2.5 challenges, one starting at £4.95 and the other at £112.16. Then I am doing a third but half way, starting at £4.95 working up to June, and back downwards back to £4.95 by December. A bit odd but I can’t afford 3 challenges at the same time. 
    Starting Total in September 2019 = £38287.77
    Current Total = £25534.10
    33% of debt paid off so far

    Debt Free by Christmas September August July June 2023!
  • #3 reporting in with £53.61 added today, taking my total to £671.61. Am absolutely over the moon that I’ve finished this for the year. I finished early due to making a payment twice by mistake earlier in the year. It was a struggle when the amounts started getting so high but it feels like a real achievement to have reached my target. It’s made a real difference to the account I’ve been saving it into and will be used towards house buying fees at some point in the next few years.

    Good luck to all those who will finish between now and the end of the year.

    B x
  • I have also completed this challenge 😀.  Working in reverse, I only had £4.65 to put in my tin for December but during the year i’ve been saving my 2p and 1p coins in a separate pot which has covered my final contribution and take me over the finish line.  

    Already have my shiny new pot for next year and have printed off my wall chart showing me what I have to squirrel away
    £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)
  • jaxsmar
    jaxsmar Posts: 518 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Challenge completed. I shall be buying a new pot soon.  I enjoyed this challenge. 
    Penny wise pound foolish. 366 days 1p challenge 2020/21/22/23 completed.
    No.13 1p a day challenge 2024
    No. 24 52 week savings challenge completed August 24
    No.16 1p a day savings challenge.
  • CazzieLT
    CazzieLT Posts: 348 Forumite
    Part of the Furniture 100 Posts
    edited 23 November 2020 at 6:08PM
    Hello everyone!

    So close to completing our challenge! Only £7.41 to go for me, which is already safely tucked away and I am just gently drip feeding into my virtual pot the right number of pennies at a time! I've also managed to get together £108.50 to start the challenge next year and do all of the biggest amounts in January without having to find that amount of money straight after Christmas.

    I'm so hoping we can have something resembling a holiday next year. I have this year's money and the money from 2019's challenge too so would love to be able to go on a lovely break with my family - fingers crossed this new year brings better and healthier and happier times for all of us.

    Keep up the good saving. Looking forward to continuing our saving journeys together through Christmas and beyond.

    Cazzie (#10) :) xxx
    House Deposit Fund - £30,000 / Fees Fund - £5,000
    Furniture Fund - £2,500 / White Goods Fund - £2,500 / Flooring Fund - £2,500
    Emergency Fund - £7,500
    365 Day Penny Challenge for 2025 - £548.60/£667.95 (Holiday Fund)
    £2 Savers Club for 2025 - £24/£200 (Christmas Fund)
    52 Week Card Challenge for 2025 - £191/£400 (Fun Fund)
  • Payday today! I am happy to report I have completed my 2 x 1p challenges for this year. It was incredibly hard to do towards the end which is why for 2021 I am starting one at the January amount and the other at the December amount (I do a monthly transfer rather than daily amounts) so they don’t feel as hard. Well done to everyone who has managed to save any amount as its an achievement in itself. 
    Starting Total in September 2019 = £38287.77
    Current Total = £25534.10
    33% of debt paid off so far

    Debt Free by Christmas September August July June 2023!
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