The 365 Day 1p Challenge 2023 16 December 2022 at 6:40PM edited 23 February at 10:33PM in Debt-free wannabe challenges 615 replies 21.3K views

enthusiasticsaver

I have volunteered to run this thread in 2023 as it is a popular challenge on the  MSE Forum. Many thanks to @outoftheviciouscircle and @elsiepac for  running it so well in the past.  I am new to it but will be participating myself in the challenge and hope others will join me and we can motivate each other. 

The aim is to save £667.95 by the end of 2023 by saving 1p on 1st January, 2p on 2nd January and so on all the way up to £3.65 on 31 December. 

I  attach a link to a chart and I understand some people save differently by starting with £3.65 on 1 January and working backwards or just picking random amounts on the chart and ticking them off.  I will be monitoring my progress on a spreadsheet so if you want to pop on and record your progress throughout the year that is fine and I will endeavour to keep track throughout the year.  

Here is the link to the chart created by MSE showing the daily amounts. 
forum-1pchallenge-v1.pdf (moneysavingexpert.com)

@MSE_Molly has written a 2022 blog which can be found here 

How to save £667.95 in 2022 with the 1p Savings Challenge (moneysavingexpert.com)

If you would like to join the challenge for 2023 post on the thread at the bottom and I will allocate a number.  It doesn't matter whether you post daily, weekly, monthly or only occasionally but sharing savings tips might be fun.  

Personally I intend to save monthly into a savings space on my Starling bank account. 

Please come and join me. Just comment below and I will add your name to the list.  I will post a link to this thread in the 2022 challenge for those who have been saving this year and want to carry on. 

Here is the link to a sheet I will update as we go as to our progress.  
https://docs.google.com/spreadsheets/d/10zyadfvcBX5QqEsES6ndOPENOczoB7RiOV0AwW6EltA/edit?usp=sharing

2023 Challengers STARTS 1 JANUARY 2023 AND ENDS  31 DECEMBER 2023

1. enthusiasticsaver
2. purplevamp
3. sonas_baby
4. AntoMac  CHALLENGE ENDS 26 OCTOBER 2023
5. Keedie     CHALLENGE ENDS 26 OCTOBER 2023
6. outoftheviciouscircle
   
7. Westie983
8.  shell16
9. srmlac 
10. makingmehappy  CHALLENGE ENDS 30 NOVEMBER 2023
11. LittleMissDetermined
12. Makingabobor2
13. MSE_Molly 
14. coconutcurls
15. maggiem             CHALLENGE ENDS 30 NOVEMBER 2023
16. frostie101
17. mark55man
18. Its_time
19. claremylove
20. Tink_04
21. lindsaygalaxy
22. krustylouise
23. she_always_has_a_plan
24. jintyb
25. Me_v_The_Mortgage_Mountain  CHALLENGE ENDS 31 OCTOBER 2023
26. jaxsmar
27. AngoraLi
28. craftingmad
29. Doily94
30. wit40iwtwan
31. hermionesaver
32. hemster01
33. coconurtaler
34. Taking_back_control
35. sh11acg
36. CKhalvashi
37. Westondeb
38. truckeruk3
39. JacquiJ
40. LINKYPIE2009
41. Lulamay17
42. dizzybee
43. Milki
44. MrsCautious
45. Coxy11
46. Mortgage_Minimiser
47. northAthenian
48. Abigail16
49. Blackberrycurved
50. Arwen
51. Buffythedebtslayer
52. BigSpender2_2
53. CazzieLT
54. Anna_v
55. baser999
56. Racheljaa
57. jak
58. ~FlowerPot~
59. danny13579
60. Talia1
61. MsMoon
62. wllcnur
63. geordiejon
64. SLJohnson22
65. Pennyrounder
66. fishcakes
67. The_JinJ
68. BlueJ94
69. Mitzireads
70. Hurdler
71. MrBruceMan1
72. Sun_Addict
73. thegreenhouse
74. GeorgianaCavendish
75. PinkPrincess
76. efairburn3
77. mart1ne
78. Twiggy66
79. Emmrrr_x
80. archiebertie
81. ramboacdc
82. ChiangMai
83. surelynoonehasthisname
84. Sleazy
85. Saver-upper
86. Topscooby
87. zafiro1984
88. Carole1072
89. rainbowlife
90. keeponmoving
91. Tracy277
92. Honeysucklelou2
93. LittleMonkey1985
94. Nensa2023
95. Droopyk
96. littleelse        CHALLENGE ENDS 1ST NOVEMBER
97. LeaLea89
    
98. bamgbost
99. MikeyPGT
100. FrugalAspirations
101. Queen_of_the_Hive
102. Saveorpay
103. freespirit66

January         4.96
February      12.74
March          23.25
April             31.65
May             42.16
June            49.95
July              61.07
August         70.68
September   77.55
October        89.59
November    95.85
December  108.50
TOTAL        667.95

purplevamp

Please could you include me this year? Thank you x

enthusiasticsaver

purplevamp said:

Please could you include me this year? Thank you x

Of course.  You are #2

srmlac

Great to see this running again for 2023. If possible could you add me as #9.

enthusiasticsaver

srmlac said:

Great to see this running again for 2023. If possible could you add me as #9.

Welcome and I have added you as #9. Did it work for you this year?

 Just got my head round how much to add monthly to my savings space. 

sonas_baby

Hi could you add me for this year, I kind of do it already but miss days as not recording my weekly amount just colouring in a spread sheet. This should keep me on track more.

enthusiasticsaver

sonas_baby said:

Hi could you add me for this year, I kind of do it already but miss days as not recording my weekly amount just colouring in a spread sheet. This should keep me on track more.

Happy to add you to the list.  Are you ok with being #3? 

You can keep on track however you wish but there is a chart you can print off and stick on your fridge or whatever and tick off daily to help motivate you if you want?  I will update the top post monthly with amounts saved so far if people want to keep track that way.  

Best of luck. 

AntoMac

Hello @enthusiasticsaver
I saw you mention this challenge on another thread so here I am hoping to join. 

I’ve started the 365 day challenge as part of what I want to achieve for the Sealed pot challenge. I started from 1st November and pick my amounts between 1 and 365 at random. I’ve knocked out the 3 biggest amounts (363 to 365) and whilst I hope to be able to save the full amount in 365 days, I might not end up managing to.
Is my haphazard way of doing it ok with you, or does it have to run 1 Jan to 31 Dec? Thanks

enthusiasticsaver

AntoMac said:

Hello @enthusiasticsaver
I saw you mention this challenge on another thread so here I am hoping to join. 

I’ve started the 365 day challenge as part of what I want to achieve for the Sealed pot challenge. I started from 1st November and pick my amounts between 1 and 365 at random. I’ve knocked out the 3 biggest amounts (363 to 365) and whilst I hope to be able to save the full amount in 365 days, I might not end up managing to.
Is my haphazard way of doing it ok with you, or does it have to run 1 Jan to 31 Dec? Thanks

That is fine @AntoMac the more the merrier. 

Do you already have a number allocated? If not, are you happy being #4?

I don't mind how you do it and no problem that your 365 days will presumably run from 1 November 2022 to 31 October 2022 or do you want the extra 2 months so 1 November to 31 December? 

AntoMac

enthusiasticsaver said:

AntoMac said:

Hello @enthusiasticsaver
I saw you mention this challenge on another thread so here I am hoping to join. 

I’ve started the 365 day challenge as part of what I want to achieve for the Sealed pot challenge. I started from 1st November and pick my amounts between 1 and 365 at random. I’ve knocked out the 3 biggest amounts (363 to 365) and whilst I hope to be able to save the full amount in 365 days, I might not end up managing to.
Is my haphazard way of doing it ok with you, or does it have to run 1 Jan to 31 Dec? Thanks

That is fine @AntoMac the more the merrier. 

Do you already have a number allocated? If not, are you happy being #4?

I don't mind how you do it and no problem that your 365 days will presumably run from 1 November 2022 to 31 October 2022 or do you want the extra 2 months so 1 November to 31 December? 

Thanks @[email protected]
Number 4 is good for me. I’ll go 1 Nov to 31 Oct please. 

sonas_baby

enthusiasticsaver said:

sonas_baby said:

Hi could you add me for this year, I kind of do it already but miss days as not recording my weekly amount just colouring in a spread sheet. This should keep me on track more.

Happy to add you to the list.  Are you ok with being #3? 

You can keep on track however you wish but there is a chart you can print off and stick on your fridge or whatever and tick off daily to help motivate you if you want?  I will update the top post monthly with amounts saved so far if people want to keep track that way.  

Best of luck. 

Thanks no 3 is my lucky number so hopefully this year will go smoothly.  😊🤞