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The 365 Day 1p Challenge 2024

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  • Would love to give this a go. Feel free to add my to the spreadsheet. Thanks
  • Just set jup a new pot for this and moved £10.54 for the first week, set this up for a weekly transfer so I don't forget
  • Queen_of_the_Hive
    Queen_of_the_Hive Posts: 1,191 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 11 January 2024 at 5:41PM
    ClaraSais said:
    Hi. Can I join please? Not sure what I’m doing but I assume it’s 1p 1st Jan, 2p 2nd etc. does it reset itself in February?
    Hi, It doesn't reset in February, it keeps going. As you said 1p 1st Jan, 2p 2nd Jan, but it keeps going.. there's 366 days in 2024 so December 31st 2024 will be 366p (£3.66).

    To make saving more simple for me I'm doing a version I call the £10 challenge which will get me £780 saved if I manage it:
    £10 put away in January 
    £20 put away in February 
    £30 put away in March 
    £40 put away in April 
    £50 put away in May
    £60 put away in June 
    £70 put away in July 
    £80 put away in August
    £90 put away in September
    £100 put away in October
    £110 put away in November
    £120 put away in December 
    Total put away = £780


    Hey NonStopStress, this is what I do too :)
    2025 financial goals & challenges!

    1). Mortgage (started Jan 2024) £107,542.12 / £122,400.00 Overpayment total: £904.60 (Inc Sprive yr 1 o/p £19.16 & £55.34 reg monthly overpayment) Equity 27%

    2). #7 Save 1p a day challenge 2025 £150/£780

    3). £2109.85/£3000 in Investment ISA (34/50 investments)

    4). Increase cash savings & saving pots

    5). Keep debt to a minimum.

    Favourite quote: 'Life is like a box of chocolates, you never know what you're gunna get!' Forrest Gump
  • Hi

    I've not got a number yet but I've had a wander around the house. Found the bits of money in purses, draws etc.

    I'm going old school with cash and a piece of paper with all the dates and amounts I need to save and so far have randomly crossed off a few dates.

    Am hoping to have completed the year but November..  so hopefully pay for my yearly trip around the sewing and knitting show..



    I'm up to £13.05
    # 36 1p challenge 2024 - £536.60

    #13 POYD by Christmas 24  £2875 / 8138
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,062 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Hi, complete newbie here, never participated on a forum before so here goes. Been loitering for years! Could I join the 1p challenge please? I shall put my money in weekly and I've downloaded the grid so I can tick them off. Happy New Savings Year everyone.
    #17 has been left free now so  I have allocated that number to you.  Please quote when updating on here. 
    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
  • Makingabobor2
    Makingabobor2 Posts: 4,215 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    #12  checking in for my first payment. I've sent £5 to the pot & crossed off 365, 100 & 35
    Making the debt go down and savings go up

    LBM 2015 - debt £57K / Now £28,744....its going down

     Mortgage Free December 9th 2024! 
    18mths ahead of schedule.  Since 2022 we paid over £15K in OPs.

    Challenges

    EF #68  £550/£3000
    .
    Fiver Friday '25 #10 £15

    Studies/surveys  August £0

    Decluttering items 756

    Books read    13
    Jigsaws done  8

    My debt free diary...https://forums.moneysavingexpert.com/discussion/6396218/we-will-get-this-debt-d£own-the-savings-up


  • #9 transferred £3.65 today as doing in reverse if i can. Oops forgot about it being a leap year!
    #13 2025 Cash Envelope (or online) Saving Challenge 
    ‐‐-----‐-------------------------

    #9 2024 365 Day 1p Challenge
    £671.61 added to remainder of 2023 Challenge (430.68) plus £30.07 interest.

    #19 2024 Cash Envelope (or online) Saving Challenge 
    £1378 
    Saved plus £17.23 interest
    ‐‐-----‐-------------------------
    #33 2023 365 Day 1p Challenge
    £667.95 saved plus £12.73 interest.

  • Hi can I join please I have put in £13.27 in my pot so £3.66, £3.65, £3.64 and £2.32 crossed off :smile:
    Became debt free December 2022

    #49 2024 penny saving challenge - £270.55/£671.61 - 41%
    January - £150.55
    February - £120

    #20 52 envelope challenge1 - £1015/£1378 - 73%
    January - £295
    February- £335
    March - £385

    £1285.55/£5671.95 22% saved
  • Hurdler
    Hurdler Posts: 1,361 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Hello & Happy New Year!
    I just squeaked in at the end of the year, and paid off a golf holiday (apoloogies - I might have just forgotten to post the end of my challenge in the old thread)
    I would like to sign up for the new challenge and as before, I will transfer £55.66 and a closing balance of £55.70 to take into account an extra day in Feb) ...
    Happy saving, everyone!
    • Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033
    • MORTGAGE FREE: September 2015
    • MSE 1p Savings Challenge 2024 #50: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £223.84/£671.61
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