The 365 Day 1p Challenge 2023

CazzieLT

enthusiasticsaver said:

CazzieLT said:

Hello everyone! #53 here!

Fascinating to see the many different ways that everyone is approaching the challenge - how great that people can make it work for them however they want to do it and at the end hopefully we all finish up with a tidy sum to spend or save as we wish! 

This is my 5th year of doing this challenge. The 1st year I did it with good old cash in a sealed tin (pre-COVID when cash was still a thing!) but since 2020 I've done it virtually. I've always worked backwards so that the easier amounts come closer to Christmas! I do it all on a daily basis so just popping by to report that my first £3.65 is now safely nestled in my e-savings account! Can't wait to watch it grow and also to watch all of your journeys through the challenge and get to know you all too.

Happy New Year and happy saving! xxx

Sounds like you are a real pro at this if you have been doing it for 5 years.  I do understand the mentality of doing it backwards especially if you are saving for Christmas.  I am doing the 365 challenge for Christmas too so this 1p challenge is to go towards a holiday in 2024 or 2025. 

Is anyone else ticking off the chart or colouring in the boxes on the chart or a spreadsheet?  I like the visual impact of the ticks on the chart.  

Good to hear you have paid in your first payment.  I assume that it is best for me to update the spreadsheet at the end of each month then with the total you have saved over the month? 

Hi ES!

I will declare my saved monthly total on the last day of the month if that works for you? I see you like us to declare in bold and amazingly I've just worked out how to do that (I'm a total techno-wally so I thought I'd be spending the month of January working that out!)

£3.64 popped in for today to make £7.29 already! xxx

Anna_v

Hello enthusiasticsaver,
Yes, that is correct, £17.70 for Jan and Feb and I am number 54.
I will post on thread in bold later and in future. Thanks.

MsMoon

Please add me to the list. Thank you.

MsMoon

Started yesterday on the 1st and I am even dutifully ticking off each date on Martin's chart!. It even spurred me to open a high(ish) rate savings account!

wllcnur

I'd really like to try this. Count me in

geordiejon

Please add me to the list. Thank you. 

SLJohnson22

Please add me to the list. We're getting married in December so this is perfect and won't have to touch any of our wedding savings we already do.

MsMoon

I see that there is a calculation above for the monthly amount. Does anyone have the weekly amount if I started with 1p on the 1st Jan as I would like to transfer it weekly into my account rather than monthly?

enthusiasticsaver

Anna_v said:

Hello enthusiasticsaver,
Yes, that is correct, £17.70 for Jan and Feb and I am number 54.
I will post on thread in bold later and in future. Thanks.

That is fine.  I have updated the sheet for you anyway. 

enthusiasticsaver

SLJohnson22 said:

Please add me to the list. We're getting married in December so this is perfect and won't have to touch any of our wedding savings we already do.

Congratulations on your impending wedding.  They are expensive so savings will come in useful.  

You are number 64