The 365 Day 1p Challenge 2024

18911131470

Comments

  • enthusiasticsaver
    enthusiasticsaver Posts: 16,008 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Todays updates have been done. 

    New joiners
    49nikki2002-2008
    50Hurdler
    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/£72.60
    Save £12k in 2025 #1 £12000/£4000
  • maggiem
    maggiem Posts: 1,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    #15 January payment £95.85 

    I’m completing the challenge backwards and aiming to end in November. Not sure why I decided to make the biggest payments at the start of the year but no council tax in February and March helps. However it was great in December to be transferring money out of savings rather than income! 
  • Zhez
    Zhez Posts: 1 Newbie
    First Post
    Hi, thanks for doing this! Do we tell you daily savings or is there an interactive report system? I'm going to transfer the roundups on my bank account into savings account, currently 0.78p haha! It's a start, Happy New Year to all :smiley:
  • #49 another £49 added from left over Christmas money that I saved doing this challenge last year so rolled it over total this month £63.27
    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
  • I want to join!!!! 

    I'm transferring it daily as per the challenge, so far have £0.03 in my 1p savings challenge pot :)

    Could I be allocated a number too please?

    I'll report back monthly. 
  • stewartwilliams
    stewartwilliams Posts: 117 Forumite
    Fourth Anniversary 10 Posts
    edited 2 January 2024 at 3:45PM
    I'm going to give this a go, and will probably put money in weekly or something.  Work away a lot, and if I'm abroad, may not always have the chance to do it daily.
    Have done up to the 31st Jan so far, so £4.96 in the pot if my maths is correct.

    Created a Monzo pot for it.  

  • Monzo savings pot done. Can I join please. Will do monthly, had to open with £10 so will be £10 further in credit at the end of the year 🤞🏼. This is part of my goal of becoming debt free this year!

    Emergency Fund: 1000/2000
    April Grocery Challenge: 150/550 
    S&S ISA: £244
    Save 12k in 2025: #10 1200/10000
    100 steps challenge.. to be where you want to be in 2025:
    EF 60/100 (1 step= £20)
    holiday 0/100 (1 step= £30)
    savings 0/100 (1 step= £50)

    2025 diary: https://forums.moneysavingexpert.com/discussion/6576803/a-fresh-start-a-year-of-growth-and-balance/p1?new=1
  • Hi 
    please could I be added for this year. I’ve started today and aiming to do it backwards.  However, for Dec 2023 - I’m doing January’s amount (normal way round). This is because I did start in Jan 2023 but didn’t realise this forum was here. 
    I can’t afford to do two Dec amounts this month! 🤣
    but I have really enjoyed the saving challenge. 
    Shall I just add you from January 24 then? That is when the challenge normally starts although there are some starting this month and finishing November 24. I will allocate a number to you on your first update. 
    Thank you! I've set up a bond and due to mature on the 2nd December. 
    My current balance is £50.96, and I am adding the monthly amounts and doing it backwards! 

    2023 matures on the 10th Jan and I've hit the full amount today! It's been such an achievement. 
  • Can I join please?
  • Day 3 transferred. I’m glad I’m doing this backwards, it’s great to see £10.95 already in there. When the amounts get smaller I’ll probably change to weekly transfers. 

    I think I’m #17 on the spreadsheet.
    #17 1p Challenge       £125.65/671
    Fashion on the Ration Challenge  53/66 coupons
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
  • 349.9K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 242.9K Work, Benefits & Business
  • 619.7K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support 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.