The 365 Day 1p Challenge 2024

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  • I don't understand how to do the 1p challenge. Do we put the money daily into an account?? Help!
    If you read the information on this you can either physically put the money in a pot or save online. Download the sheet with all the workings out in it and tick each day. 
  • I use a slightly different 'saving challenge', but I believe I also got it from ML some years ago.

    Let's call it "£1 Monday, £2 Tuesday..." etc. Each week, from January 1, I save £1 on Mondays, £2 on Tuesdays etc, through to £7 on Sundays. The mathematicians among you will quickly see that's £28 every week! 28×52 weeks a year = £1456... but 7 (days) × 52 weeks is only 364 days, so add another £1 to £7, depending which day the year starts and ends on. 2024 being a Leap year, you get an 'extra' extra day, too!
  • lashie
    lashie Posts: 69 Forumite
    First Anniversary First Post
    Please could I join in? Thank you 😊 
  • I don't understand how to do the 1p challenge. Do we put the money daily into an account?? Help!
    Yes, that's exactly what you do. Follow the pdf in the first post to tick off as you go along.
  • I'd love to join again this year please!
    £2 coin savings club 2024 #1 £0 (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 £2,377 Save a penny a day 2024 #32 £ . / £667.95 £1000 emergency fund challenge #232 £1,007/ £1,000 (achieved Nov 2020)
  • I don't understand how to do the 1p challenge. Do we put the money daily into an account?? Help!
    All the information you need is on the first post of this thread. 
    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.
  • 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 1p Challenge       £125.65/671
    Fashion on the Ration Challenge  53/66 coupons
  • mark55man
    mark55man Posts: 7,924 Forumite
    Name Dropper First Post First Anniversary
    sorry to chop and change but I won't take part this year so #17 is released for anyone who prefers that number.

    good luck all and thanks @enthusiasticsaver
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • Coxy11
    Coxy11 Posts: 4,873 Forumite
    Homepage Hero Name Dropper First Anniversary First Post
    Thank you for my new number @enthusiasticsaver and sorry to confuse you/others - was posting on the wrong thread doh.

    @Aya2030 I use the Random # app (blue icon with 123 and a couple of wavy arrows)

    Looking forward to getting stuck in to 2024's challenge!
    Cross-stitch WIP: Durene Jones Haberdashery Shop 365 1p challenge member No.6 Read 24 books in 2024 - currently reading Sharp Objects by Gillian Flynn 12/24
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