📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The 365 Day 1p Challenge 2023

Options
1457910103

Comments

  • Hi!! im new to all of this, ca somebody explain? what are the numbers for? id ask for one but i dont understand what its for? 
    Hopefully you now know what this is for.  The numbers I am allocating though are just reference numbers to make it easier for me when reporting monthly or weekly or whatever as to how much is saved. 

    In a nutshell the penny challenge works 1p for 1 January, 2p  for 2 January and so on up until £3.65 on  31 December.  There is a link to a chart on the first post. 
    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 forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£301.35
    Save £12k in 2025 #1 £12000/£8000
  • Keedie
    Keedie Posts: 2,849 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Combo Breaker
    Hi @enthusiasticsaver, Merry Christmas Eve. I've been paid again so I've added £15.70 to complete December 2022, so total is now £114.01. Thanks and have a great weekend.

    Debt Free Diary:- The Mental Debt Struggle
    (Original Debt on 15/07/2016 was £33,056.76) 🙈 but Debt Free on 09/02/2025 🎉
    2025 SAVINGS: Emergency Fund (£604.30/£5,000) 12.09% saved
    2025 CHALLENGES: #16 Sealed Pot Challenge ~ 18 || #9 50 Envelope Challenge 22/50
  • mark55man
    mark55man Posts: 8,209 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 24 December 2022 at 10:30PM
    All chores done for tomorrow so I have been chilling with a pre xmas beer and pondering the coin challenge - by my calculations using as few coins as possible each day I will need 1543 coins by the end of the year - the most per day is 7 (£1.98, £1.99 and the £2.98 and £2.99)

    I think that might prove logistically challenging so will definitely use notes and bunch up every week or every other week so that should keep some of the shrapnel out of it.
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • Keedie said:
    Hi @enthusiasticsaver, Merry Christmas Eve. I've been paid again so I've added £15.70 to complete December 2022, so total is now £114.01. Thanks and have a great weekend.

    All updated for you.  Great to get over the first hundred barrier.  Well done. 

    Merry Christmas. 
    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 forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£301.35
    Save £12k in 2025 #1 £12000/£8000
  • mark55man said:
    All chores done for tomorrow so I have been chilling with a pre xmas beer and pondering the coin challenge - by my calculations using as few coins as possible each day I will need 1543 coins by the end of the year - the most per day is 7 (£1.98, £1.99 and the £2.98 and £2.99)

    I think that might prove logistically challenging so will definitely use notes and bunch up every week or every other week so that should keep some of the shrapnel out of it.
    Hmm interesting pondering there. Too much pondering for me after a couple of proseccos ;). I think you will definitely need notes if you intend doing it in cash.

    I like round numbers so I intend to tick off the first 6 days up to 6 January and then £2.79 to make it up to £3 for week 1. 

    This challenge is a bit more interesting than others in that the amounts are not the same each week. I will check it off my chart to keep track plus update the spreadsheet of course. 

    Merry Christmas everyone and we are getting that bit closer to 2023. 
    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 forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£301.35
    Save £12k in 2025 #1 £12000/£8000
  • Count me in again please.

    £2 coin savings club 2025 #1 £166 (2024 £692; 2023 £754; 2022 £472; 2021 £256; 2020 £358; 2019 £512; 2018 £404; 2017 640)Saving for Xmas 202 £1 a day #4 £365 / £365 3-6 month emergency fund challenge #48 £10,030 Save a penny a day 2024 #32 £ . / £667.95 £1000 emergency fund challenge #232 £1,007/ £1,000 (achieved Nov 2020)
  • Tink_04
    Tink_04 Posts: 1,206 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Can I join 2023? I did this knee year with cash but am using a Monzo pot for now. 

    I just do whichever numbers I can and cross them off randomly. 

    Paid £1.39 in to start off xx
    Living the simple life
  • Hello:) Please can I join. Chart printed off.
    £2 Savers club £0/£150
    1p a day £/
  • Ooh new visitors.  Welcome all.  Numbers allocated as follows and spreadsheet updated with new members. Hope everyone had a nice Christmas. 

    19 claremylove
    20 Tink_04
    21 lindsaygalaxy
    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 forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£301.35
    Save £12k in 2025 #1 £12000/£8000
  • Hello,

    Please can I join this challenge?  Been a lurker for a long while now but decided to come out of the wood work and give it a go in the new year.

    I'll take any number given 😊 

    Thank you
    Kirsty 

    PAD 2023 Debt total as of Dec 2022 £18,988.63*April £17,711.03

    Halifax CC £3168.21

    Halifax loan £6095.47

    Car finance £7639.02

    Next £0/£808.33


    #22 - 1p savings challenge 2023 £166.95/£667.95

    Saving for Christmas - £1 a day savings challenge 2023 £50/£1000

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.