The 365 Day 1p Challenge 2022

Honeysucklelou2

Have transferred £5.96 to the savings account I’ve allocated for this challenge. This is to cover January ( starting at 1p) and a payment of £1 to cover the first of February 🙂.

srmlac

Just added another £5.57 to the pot after a bit of a tidy up.

CazzieLT

Up to £77.99 in my pot - yay!

Very happy to be approaching January pay day! I'll be tucking away as much as I can ready to drip feed daily into my 365 fund, and continuing to dream of spending the money on a holiday one day! xxx

jaxsmar

£25.00 in the pot hoping to put some away this week (payday)

Auti

Have £20.06 in my pot this morning - slightly ahead of myself so pleased

Alboy76

outoftheviciouscircle said:

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 .

Can I be added or is it to late???

CazzieLT

Hi Alboy76! It's never too late to join - welcome to a very friendly thread and a great challenge. Our leader outoftheviciouscircle will be along to assign you a number soon! xxx

CMD79

outoftheviciouscircle said:

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 .

Hi! I am really late to start thinking about New Year's resolutions...but here we are - drowning in £20,000 of debt, so better do something today rather than wait unto 2023! 

Can I join in this challenge please! :0)

CazzieLT

Hi CMD79, welcome to you too! Well done for getting stuck into that debt, this challenge is a great way to start saving some pennies. Our lovely outoftheviciouscircle will be along soon with a number for you. Happy saving! xxx

srmlac

Payday for me today, so I topped up my pot to £51.33 (#9).

Glad to be seeing the end of what felt like a really long January.