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The 365 Day 1p Challenge 2023

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  • MikeyPGT
    MikeyPGT Posts: 535 Forumite
    500 Posts Third Anniversary Photogenic Name Dropper
    Christmas is always expensive so nice to have a nice little pot saved up - didn't realy think the logistics through though when setting my target, especially as the biggest lump should be in December. The more I think about it the more I'm drawn to a set monthly amount - easier to budget that way.
    Debt Free Wannabe by 1 December 2027

    Satisfied customer of Octopus Agile - past savings on average 33% of standard tarrif

    Deep seated hatred of Scottish Power and all who sail in her - would love to see Ofgem grow a pair and actually do something about it.
  • geordiejon
    geordiejon Posts: 257 Forumite
    100 Posts Second Anniversary Name Dropper
    i like you needed a budget to make this work, i changed to saving £2 per day and putting it in on the 1st of each month, what it means is your last payment for the year would be december 1st 2024.
    you have 366 days next year minus 31 dec days making 335 x 2 = 670
    jan 62, feb 58, mar 62, apr 60, may 62, june 60, july 62, aug 62, sept 60, oct 62, nov 60
  • Coxy11
    Coxy11 Posts: 5,601 Forumite
    Part of the Furniture 1,000 Posts Photogenic Homepage Hero
    Morning everyone,

    That's a good way to look at it @geordiejon I might do that next year if I'm still in a position to save (VR from 30 November so depends on how long I'm out of work....)

    Here is my regular Friday update. This week my random number picker has given me:
    88, 341, 247, 345, 183, 288 and 246 = 1738 so £17.28 going into the pot.

    #45 new total is £419.78

    Many thanks to @enthusiasticsaver for keeping us in order!!
    Coxy
    Cross-stitch WIP: Fiver Friday challenge 2025 founding member 😊 Read 25 books in 2025 11/25 Currently reading The Cliff House by Amanda Jennings
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,062 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 25 August 2023 at 3:39PM
    Last Friday before Septembers personal spends hit my bank account and I have moved £15.99 over to my savings space to cover the days from 2.64 - 2.69.

     So 22 days in total coloured in for August and £59.00 paid in. £424.00 in total now.  

     I need to up to an average of £60 a month for the next 4 months to hit the target. 


    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
  • #11 pay day check in, £77.55 added for September's contribution 
    LMD x
    Life gets in the way...PADding is addictive...Saving's better than spending...
    2025 1p challenge #41 | Cash envelope challenge #01 | SPC #017
    Sealed pot 2025 £6573 | EF £1000/£1000 | Sabbatical £3364/£6000 | Travel savings £1508 | Sinking pots £2571
  • jaxsmar
    jaxsmar Posts: 519 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Added £55.00 total £530.00 #no.26
    Well done everyone any savings are better than nothing, and well done those who have already achieved there target.
    Penny wise pound foolish. 366 days 1p challenge 2020/21/22/23 completed.
    No.13 1p a day challenge 2024
    No. 24 52 week savings challenge completed August 24
    No.16 1p a day savings challenge.
  • #63
    final total for august is £158.06
    yearly total £996.86

    my wife has a regular saver maturing tomorrow and is giving me half her interest so it looks like i will get to my total sometime in September.

  • enthusiasticsaver
    enthusiasticsaver Posts: 16,062 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    What a kind wife you have @geordiejon

    Last week of August.  It has been a pretty long month I think not helped by the changeable weather.  Payday or pension day this Friday so Septembers contribution will be going in then.  

    Have a lovely bank holiday everyone. 
    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
  • MsMoon
    MsMoon Posts: 174 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    Confession time - I have been very lapse on the challenge for over 2 months due to this & that which I won't bore you with. But I will definitely be back on the 1p saddle from 1st Sept!
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,062 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    MsMoon said:
    Confession time - I have been very lapse on the challenge for over 2 months due to this & that which I won't bore you with. But I will definitely be back on the 1p saddle from 1st Sept!
    Nice to see you back.  
    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
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