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366 Day 1p Challenge 2020

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  • CazzieLT
    CazzieLT Posts: 348 Forumite
    Part of the Furniture 100 Posts
    Wow, so many people signing up! It's such a good challenge. I've just made my deposit for day 3 and I'm up to a lovely £10.95 - excited to see it growing already! :D 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 - £537.54/£667.95 (Holiday Fund)
    £2 Savers Club for 2025 - £24/£200 (Christmas Fund)
    52 Week Card Challenge for 2025 - £189/£400 (Fun Fund)
  • I've started doing this challenge but I'm doing it by putting money into a savings pot on my Starling Bank account.

    I have to LOL at the folk who actually save the physical coins into a sealed pot! Just where do you acquire all the change from in the first place! I barely have enough coinage for the vending machine at work.
  • neo1607
    neo1607 Posts: 143 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I've started the challenge. I'm doing it twice. I have Monzo set up with IFTTT to do it automatically and I've also printed one out to do manually. Hopefully helps me clear off some debt by xmas
  • I stumbled across this challenge earlier today and think this is a
    great idea.
    Can you please add me to the list as I’d like to join!
  • NX1977
    NX1977 Posts: 87 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I have this set up in my bank to automatically transfer the whole months amount at pay day.


    Breaks down to: (so you can do auto transfer to a savings account)

    Jan £4.96
    Feb £12.74
    Mar £23.25
    Apr £31.65
    May £42.16
    Jun £49.95
    Jul £61.07
    Aug £70.68
    Sep £77.55
    Oct £89.59
    Nov £95.85
    Dec £108.50

    Total £667.95
  • count me in please

    I have set up a Monzo pot and scheduled for £1.84 (£671ish/366 days) to be transferred daily with the pot locked until December 31st 2020

    don't really like the idea of IFFTT having access to my account, to automagically move the money, so felt this was the easiest work round - I don't trust myself to be disciplined enough to transfer the money daily
  • bigbeff
    bigbeff Posts: 1,119 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Another £2 added to account.... emptying purse each day!
    Debt busting 2022 Total £15842.68 £0 (100% paid since 1/1/22)
  • DJB343
    DJB343 Posts: 54 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    £1.20 in today
    DEBT - £34,469 | £6,224.01 REMAINING - 81% PAID OFF. GETTING THERE
  • CazzieLT
    CazzieLT Posts: 348 Forumite
    Part of the Furniture 100 Posts
    Evening, savers!

    My 4th deposit has taken me to £14.58 and I have to say it's very satisfying seeing it build in the bank! I rinsed my change pots doing it physically in 2019, and whilst that was also fun, I am enjoying watching my little nest egg grow! Works well whichever way you do it, and we're all going to have a lovely chunk of money to use in whichever way we choose!

    Keep saving! :D 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 - £537.54/£667.95 (Holiday Fund)
    £2 Savers Club for 2025 - £24/£200 (Christmas Fund)
    52 Week Card Challenge for 2025 - £189/£400 (Fun Fund)
  • leelad
    leelad Posts: 131 Forumite
    Third Anniversary 100 Posts Name Dropper
    Morning, no. 26 checking in. £11 in my pot so far, which takes me to somewhere in mid Feb before I need to start adding to it again. Will look to put more money in over the course of this month, where I can.
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