MoneySavingExpert Chair, Martin Lewis · Editor, Marcus Herbert

# The 365 Day 1p Challenge 2022

105 replies 2.8K views
Forumite
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 .

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

## Replies

• edited 6 January at 5:54PM
Forumite
153 Posts
edited 6 January at 5:54PM
1. outoftheviciouscircle - £11.57
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
15. grunnie
15. Freeasabird77 - £0.77
16. Veebree - £4.96
17. Dairydodger
18. AngieMcKPz
19. Shell16
20. lindy5476

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
• Forumite
1.3K Posts
✭✭✭
Please sign me up for this year’s challenge and thanks for starting this year’s challenge!

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
• Forumite
4.2K Posts
✭✭✭✭
Yes please, count me in for the challenge!
paydbx2022 #93 £835/£5000 . 2022 savings challenge £90/£2000
EF £84.
Savings 2 £20.00 H2S £675.00
• Forumite
73 Posts
Can I join you? I already take part in the sealed pot challenge but only include cash leftover from my grocery shops. I will back transfer into one of my saving accounts.
SPC  #046 2021- £293.26
Make £2022 in 2022 #35 £10/£2022
• Forumite
437 Posts
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Thanks can be included again I'm not sure if your starting fresh or using old number's from last year I was no
13. Of course what ever is easiest for you. Thank you for setting this up  I succeeded last year's challenge so glad I participated.
Penny wise pound foolish.
366 days 1p challenge 2020 ✓ completed.🎉🎈
No.13 366 days challenge 2021👍
No.5 366 1p a day challenge 2022.
• edited 1 January at 4:59PM
Forumite
274 Posts
✭✭
edited 1 January at 4:59PM
Please can I be included in this challenge. I have printed off the challenge sheet and am going to randomly pick an amount every day. Have already started with £2.76.
PAYDOBX22 #27 - Was £6932.82, now £3579.30

• Forumite
375 Posts
✭✭
Can I join please join Number 12 last year but will be any number. I'm printing off a sheet and starting today  a physical pot for me.
DF by 2021 No 17 £350/£6,000
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
• Forumite
255 Posts
✭✭
Can I join, please? I'm doing it starting with the most expensive £3.65 because I stopped doing it last year in June with the most expensive days and months ahead of me. I was doing it on my own so lacked backup.
Credit card One :£926.60( Oct 21 )(Nov 21 vet bill disaster), £999(Jan 22), £974(Feb 22)
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...
• Forumite
153 Posts
I have updated the challenger list, maybe in a few days after a few more people have joined then if you want a particular number then we can sort that out. How does that sound?

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
• Forumite
437 Posts
✭✭
Fine whatever is easiest for you really appreciate it.
Penny wise pound foolish.
366 days 1p challenge 2020 ✓ completed.🎉🎈
No.13 366 days challenge 2021👍
No.5 366 1p a day challenge 2022.