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 [email protected] All views are my own and not the official line of MoneySavingExpert. Save £12k in 2023 Challenge #8 £12,000/£6500 The 365 day 1p Challenge 2023 #1 £670.00/£100.00 The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
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... https://forums.moneysavingexpert.com/discussion/6364598/the-mental-debt-struggle/p1?new=1Debt Tracking Restart Take 2 from 01/08/2022 = £22,189.87 (8 creditors) So, on 27/03/2023 = £8,442.04/£22,182.54 (5 creditors) = 38.04% repaid Aiming to be Debt Free = 31/12/2025THE BURDEN RESTART TRACKER:-Bank of Mum 3 - school fees (£1,700/£4,800) 35.42% repaid || Barclaycard (£2,387.80/£9,587.80) 24.90% repaid || Creation (£581.36/£1,070) 54.33% repaid || MBNA (£800/£3,000) 26.67% repaid || Sky Mobile (£246.84/£1,006.03) 24.54% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS TARGETS:-Noose PAD Pot Phase 1= £0/£845.34 (0% saved) || Globetrotter Travel Pot = £1.67/£700(0.24%) || Emergency Fund = £503.53/£1,000 (49.35% saved) 2023 SAVINGS CHALLENGES:-#5 Penny Challenge = £129.29/£670(19.30%)SPC 16 #79 - target of £500 || #2 25 Envelope Challenge = 9/252023 DEBT FREE CHALLENGES:-#42 Debt Free Before Xmas 2023 = £1,741.62/£6,000(29.03%)
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 & long/Smiling & waving & looking so fine
2022 Achievements: Mortgage Neutral, Net Debt Free, EF filled, Retirement Planned, More Unfit, Heavier
2023 Targets (as of 1/1/23): Steps-23K/2500K - Weight - 0lbs/24 - Savings-#57-MFW £400/£10800 - #17-365x1p 1p/£667.95
2023 Achievements (as of 1/1/23): 5km (treadmill)-51'39" - 2km C2 Erg -9'54 - R-Day 272 Days - PMA Save/Earn - £135
I'm a Forum Ambassador and I support the Forum Team on the Over 50s, DFW and Pensions 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.
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 [email protected] All views are my own and not the official line of MoneySavingExpert. Save £12k in 2023 Challenge #8 £12,000/£6500 The 365 day 1p Challenge 2023 #1 £670.00/£100.00 The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
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 [email protected] All views are my own and not the official line of MoneySavingExpert. Save £12k in 2023 Challenge #8 £12,000/£6500 The 365 day 1p Challenge 2023 #1 £670.00/£100.00 The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
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 [email protected] All views are my own and not the official line of MoneySavingExpert. Save £12k in 2023 Challenge #8 £12,000/£6500 The 365 day 1p Challenge 2023 #1 £670.00/£100.00 The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
Replies
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.
Save £12k in 2023 Challenge #8 £12,000/£6500
The 365 day 1p Challenge 2023 #1 £670.00/£100.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
Debt Tracking Restart Take 2 from 01/08/2022 = £22,189.87 (8 creditors) So, on 27/03/2023 = £8,442.04/£22,182.54 (5 creditors) = 38.04% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£1,700/£4,800) 35.42% repaid || Barclaycard (£2,387.80/£9,587.80) 24.90% repaid || Creation (£581.36/£1,070) 54.33% repaid || MBNA (£800/£3,000) 26.67% repaid || Sky Mobile (£246.84/£1,006.03) 24.54% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS TARGETS:- Noose PAD Pot Phase 1= £0/£845.34 (0% saved) || Globetrotter Travel Pot = £1.67/£700 (0.24%) || Emergency Fund = £503.53/£1,000 (49.35% saved) 2023 SAVINGS CHALLENGES:- #5 Penny Challenge = £129.29/£670 (19.30%) SPC 16 #79 - target of £500 || #2 25 Envelope Challenge = 9/25 2023 DEBT FREE CHALLENGES:- #42 Debt Free Before Xmas 2023 = £1,741.62/£6,000 (29.03%)
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.
2022 Achievements: Mortgage Neutral, Net Debt Free, EF filled, Retirement Planned, More Unfit, Heavier
2023 Targets (as of 1/1/23): Steps-23K/2500K - Weight - 0lbs/24 - Savings-#57-MFW £400/£10800 - #17-365x1p 1p/£667.95
2023 Achievements (as of 1/1/23): 5km (treadmill)-51'39" - 2km C2 Erg -9'54 - R-Day 272 Days - PMA Save/Earn - £135
I'm a Forum Ambassador and I support the Forum Team on the Over 50s, DFW and Pensions 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.
Merry Christmas.
Save £12k in 2023 Challenge #8 £12,000/£6500
The 365 day 1p Challenge 2023 #1 £670.00/£100.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
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.
Save £12k in 2023 Challenge #8 £12,000/£6500
The 365 day 1p Challenge 2023 #1 £670.00/£100.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
1p a day £/
19 claremylove
20 Tink_04
21 lindsaygalaxy
Save £12k in 2023 Challenge #8 £12,000/£6500
The 365 day 1p Challenge 2023 #1 £670.00/£100.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
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
PAD 2023 Debt total as of Dec 2022 £18,988.63
Halifax CC £0/£3624.11
Halifax loan £4030.09/£10,695.60 paid 37%
Car finance £4129.20/£12,387.60 paid 33%
Next £0/£440.61
#22 - 1p savings challenge 2023 £55.65/£667.95
Saving for Christmas - £1 a day savings challenge 2023 £50/£1000