The 365 Day 1p Challenge 2023

edited 21 January at 4:04PM in Debt-free wannabe challenges
397 replies 16K views
enthusiasticsaverenthusiasticsaver Forumite, Ambassador
13.9K Posts
Ninth Anniversary 10,000 Posts Name Dropper I've been Money Tipped!
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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
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
I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert.
Save £12k in 2023 Challenge #8 £12,000/£3700
The 365 day 1p Challenge 2023 #1 £670.00/£57.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£200
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Replies

  • purplevamppurplevamp Forumite
    9.5K Posts
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Forumite
    Please could you include me this year? Thank you x
    Mortgage: Was: £154,495 Oct 2039
    Now: £100,444.53 Sept 2037
    Swagbucks ~ £15 (2022 ~ £380)
    Surveys ~ £30.58 (2022 ~ £279.46)
    Make £2023 in 2023 #9 ~ £00.00 ~ (2022 ~ £1,564.90)
    365 Day 1p Challenge 2023 #2 ~ £58.40 / £667.95
  • enthusiasticsaverenthusiasticsaver Forumite, Ambassador
    13.9K Posts
    Ninth Anniversary 10,000 Posts Name Dropper I've been Money Tipped!
    Ambassador
    Please could you include me this year? Thank you x
    Of course.  You are #2
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert.
    Save £12k in 2023 Challenge #8 £12,000/£3700
    The 365 day 1p Challenge 2023 #1 £670.00/£57.00
    The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£200
  • srmlacsrmlac Forumite
    29 Posts
    Part of the Furniture 10 Posts Combo Breaker
    Forumite
    Great to see this running again for 2023. If possible could you add me as #9.
    £1K Emergency Fund - £554.21/£1000
    1p Challenge #9; 2023 - £20.76/£667.95, 2022 - £667.95/£667.95
    £1 per day Challenge #22; 2023 - £62.46/£365, 2022 - £366.19/£365
  • enthusiasticsaverenthusiasticsaver Forumite, Ambassador
    13.9K Posts
    Ninth Anniversary 10,000 Posts Name Dropper I've been Money Tipped!
    Ambassador
    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. 
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert.
    Save £12k in 2023 Challenge #8 £12,000/£3700
    The 365 day 1p Challenge 2023 #1 £670.00/£57.00
    The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£200
  • sonas_babysonas_baby Forumite
    155 Posts
    Part of the Furniture 100 Posts Photogenic
    Forumite
    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.
    It is the job that is never started that takes the longest to finish. Tolkien.
    Save 12k in 2022 No 15 365 1p challenge 2023 No 3 Virtual Sealed Pot challenge 2023 No 5
  • enthusiasticsaverenthusiasticsaver Forumite, Ambassador
    13.9K Posts
    Ninth Anniversary 10,000 Posts Name Dropper I've been Money Tipped!
    Ambassador
    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.  :)
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert.
    Save £12k in 2023 Challenge #8 £12,000/£3700
    The 365 day 1p Challenge 2023 #1 £670.00/£57.00
    The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£200
  • edited 17 December 2022 at 2:39PM
    AntoMacAntoMac Forumite
    1.2K Posts
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Forumite
    edited 17 December 2022 at 2:39PM
    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
    27/5/17 Mort 64705 BTs 1904031/12/17 Mort 59815 BT 1673007/04/20 Mort 49208 BT 1572128/07/20 Mort 47387 BT 1263414/11/20 Mort 45905 BT 10134 20/05/21 Mort 42335 BT 686811/08/22 Mort 32050 BT 2915Sealed Pot Challenge 16 Number 5
  • enthusiasticsaverenthusiasticsaver Forumite, Ambassador
    13.9K Posts
    Ninth Anniversary 10,000 Posts Name Dropper I've been Money Tipped!
    Ambassador
    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? 
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert.
    Save £12k in 2023 Challenge #8 £12,000/£3700
    The 365 day 1p Challenge 2023 #1 £670.00/£57.00
    The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£200
  • AntoMacAntoMac Forumite
    1.2K Posts
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Forumite
    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. 
    27/5/17 Mort 64705 BTs 1904031/12/17 Mort 59815 BT 1673007/04/20 Mort 49208 BT 1572128/07/20 Mort 47387 BT 1263414/11/20 Mort 45905 BT 10134 20/05/21 Mort 42335 BT 686811/08/22 Mort 32050 BT 2915Sealed Pot Challenge 16 Number 5
  • sonas_babysonas_baby Forumite
    155 Posts
    Part of the Furniture 100 Posts Photogenic
    Forumite
    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.  😊🤞
    It is the job that is never started that takes the longest to finish. Tolkien.
    Save 12k in 2022 No 15 365 1p challenge 2023 No 3 Virtual Sealed Pot challenge 2023 No 5
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