The 365 Day 1p Challenge 2022

153 Posts

Hello everyone.
I started this challenge under the username helejenkins1 3 years ago. Unfortunately due to circumstances like not being fully committed to reducing my debt or saving, I didn't see this challenge the whole way through but decided that I wanted to start this challenge in 2022 back in October when I started making positive steps forward to getting rid of my debt.
The challenge has actually become quite famous, I've seen a number of articles online about it and I hope it can go on and help other people in the future.
So, how it works.....
The idea is that on the 1st January you save 1p, on the 2nd you save 2p, right on until December 31st when you save £3.65. Immediately you can see that January is a very easy month to complete but by December it can become very expensive. This is why people choose to do this challenge in many different ways. Some opt for doing it backwards, some aim to split the total by 12 so save equal amounts every month or some, like me have a spreadsheet where I highlight random amounts as and when I have them.
By the end of the challenge you should have saved £667.95.
If you want to sign up then comment below and I'll get this organised .
I started this challenge under the username helejenkins1 3 years ago. Unfortunately due to circumstances like not being fully committed to reducing my debt or saving, I didn't see this challenge the whole way through but decided that I wanted to start this challenge in 2022 back in October when I started making positive steps forward to getting rid of my debt.
The challenge has actually become quite famous, I've seen a number of articles online about it and I hope it can go on and help other people in the future.
So, how it works.....
The idea is that on the 1st January you save 1p, on the 2nd you save 2p, right on until December 31st when you save £3.65. Immediately you can see that January is a very easy month to complete but by December it can become very expensive. This is why people choose to do this challenge in many different ways. Some opt for doing it backwards, some aim to split the total by 12 so save equal amounts every month or some, like me have a spreadsheet where I highlight random amounts as and when I have them.
By the end of the challenge you should have saved £667.95.
If you want to sign up then comment below and I'll get this organised .
Journey To Debt Freedom Began September 21
CC1-£810.11/£9000
CC2-£160.00/£3515
John Lewis- £127.52/£1147.00
DFS-1571.47/2220.00
AO- £349/£349 (Cleared Sept 21)
Total 2972.88/£16,231.00
Total debt beginning January 2022= 13290.00
1% Challenge 2022 =132.90
£77.10
Total so far 0.58%
Tilly Tidy 2022 - £15.27
365 1p challenge £11.67
CC1-£810.11/£9000
CC2-£160.00/£3515
John Lewis- £127.52/£1147.00
DFS-1571.47/2220.00
AO- £349/£349 (Cleared Sept 21)
Total 2972.88/£16,231.00
Total debt beginning January 2022= 13290.00
1% Challenge 2022 =132.90
£77.10
Total so far 0.58%
Tilly Tidy 2022 - £15.27
365 1p challenge £11.67
5
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Replies
2. Hurdler
3. Honeysucklelou2
4. IntoTheForest
5. jaxmar
6. Dolly94 - £8.61
7. Blackberrycurved
8. Claremylove - £105.15
9. srmlac - £4.96
10. savvylondoner
11. Smurphy1
12. starla
13. CazzieLT - £3.65
14. Auti
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15. Freeasabird77 - £0.77
16. Veebree - £4.96
17. Dairydodger
18. AngieMcKPz
19. Shell16
20. lindy5476
CC1-£810.11/£9000
CC2-£160.00/£3515
John Lewis- £127.52/£1147.00
DFS-1571.47/2220.00
AO- £349/£349 (Cleared Sept 21)
Total 2972.88/£16,231.00
Total debt beginning January 2022= 13290.00
1% Challenge 2022 =132.90
£77.10
Total so far 0.58%
Tilly Tidy 2022 - £15.27
365 1p challenge £11.67
Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033
MORTGAGE FREE: September 2015
MSE 1p Savings Challenge 2022 #2: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £222.64/£667.95
EF £84.
Savings 2 £20.00 H2S £675.00
Make £2022 in 2022 #35 £10/£2022
366 days 1p challenge 2020 ✓ completed.🎉🎈
No.13 366 days challenge 2021👍
No.5 366 1p a day challenge 2022.
Total debt £18,000 at the start of DFW Journey. 2018
debt 01/01/2021- £6,000
14TH JULY 2021 DEBT FREE
Declutter 2/15
Credit Card Fl :£739.26 (Oct 21)£763 (Nov 21) , £590(Jan 22), £298(Feb 22)
Savings target C.U. £1000(£410 Oct 21)(£610 Nov 21)
Savings target Bank £500 (£10 Oct 21) (£50 Nov 21)(£60 Jan 22)(£80 Feb 22)
Credit Union loan paid off. Now for the funeral plan...
CC1-£810.11/£9000
CC2-£160.00/£3515
John Lewis- £127.52/£1147.00
DFS-1571.47/2220.00
AO- £349/£349 (Cleared Sept 21)
Total 2972.88/£16,231.00
Total debt beginning January 2022= 13290.00
1% Challenge 2022 =132.90
£77.10
Total so far 0.58%
Tilly Tidy 2022 - £15.27
365 1p challenge £11.67
366 days 1p challenge 2020 ✓ completed.🎉🎈
No.13 366 days challenge 2021👍
No.5 366 1p a day challenge 2022.