The 365 Day 1p Challenge 2023

ramboacdc

I started this January 1st as a monthly SO to my savings  

geordiejon

no #63 i normally get paid every 4 weeks so will probably be depositing december and novembers money earlier in the year say may and june. i bank a lot with monzo which rounds up my payments, this helps with having money for the next month savings, also use monzo easy saver which will put in interest monthly so i had to start with £5 each as it takes £10 to open,so my final total will be higher. ----------------------------------------------------------------------------------------------------------------------------------------------------- 1p Savings Challenge me £4.96/667 1p Savings Challenge wife £4.96/667

ChiangMai

I’d love to join the Save a Penny initiative please! Many thanks.

surelynoonehasthisname

I would like to join The 365 Day Challenge 2023 please! 

Makingabobor2

surelynoonehasthisname said:

I would like to join The 365 Day Challenge 2023 please! 

Love your username. 

Sleazy

Is there a way to do this without forgetting?
My memory isn't what it used to be, and a SO doesn't seem to be of any use as it would need to be increased every day ...

enthusiasticsaver

Here is the list of todays new joiners. 

79	Emmrrr_x
80	archiebertie
81	ramboacdc
82	ChiangMai
83	surelynoonehasthisname
84	Sleazy

enthusiasticsaver

Sleazy said:

Is there a way to do this without forgetting?
My memory isn't what it used to be, and a SO doesn't seem to be of any use as it would need to be increased every day ...

You can either set a daily reminder on your phone or do a monthly standing order for the average amount which is £55 or set a monthly reminder. Personally I won't be doing it daily.  I just transfer a whole month at a time over once a month after our pensions go in. 

PinkPrincess

enthusiasticsaver said:

PinkPrincess said:

I would like to join in please 😊 

This is the first time I’ve done this and I opened an account with Monzo so I could run the automated savings applet on IFTTT but I want to do it backwards so the higher payment amounts are in January rather than December. 

I have manually transferred £14.54 for the first 4 days of January (as it’s gone midnight now) but is there a way to reverse the amounts on IFTTT? If not then I’ll just have to try to remember transferring the amount manually but if anyone knows a way I can automate it, that would be so much easier! 

Thank you and I’m happy with any number ☺️

Welcome to your first savings challenge.  I have allocated you number 75.  

Sounds like you have a plan using Monzo but I don't know how the savings applet works on IFTTT or how to automate it.  Why do you want to reverse the amounts? 

Can you create a separate savings pot in Monzo so you can see at a glance how much is in there?  That is what I have done with my Starling account but I save monthly rather than daily purely so I remember to transfer it across as daily is too onerous.  Whatever works for you though. 

I will be posting below as to how reporting works but feel free to post on here daily if you wish to record for your own benefit.

That’s great - thank you 😊 

I want to reverse the automated amounts using IFTT with Monzo because I’d rather the larger amounts were deposited in January, so £3.65 for 1st January and work backwards until it is a 1p deposit on 31st December if that makes sense?

I’ve printed off the tick sheet and stuck it in my journal so I will use that to keep track and then hopefully remember to post my monthly updates on here ☺️

Saver-upper

Happy New Year all!

I have never done this challenge before (though for the last few years I have told myself I would......) . I would love to join please enthusiasticsaver. I hope the thread doesn't make too much work for you  .

I have been reading through the thread, and am planning my strategy (I do love the idea of a random number generator!!). Like most people, I don't use cash as much as I used to. For now I have put in a tin all the coinage I found on my bedside table-it came to £11.51, which = £3.65+£3.64+£3.63+8p, plus 51p I scratched around to find when I realised I had only potted for 4 days worth, instead of 5     I think,going forward, I will be potting random amounts each day. I am self-employed, my income varies, and I haven't started back at work for the year yet, so not a lot of cash floating around just at the moment. 

Oh, and I am also doing the sealed pot challenge!