The 365 Day 1p Challenge 2025

enthusiasticsaver

KBintheUK said:

Hi - totally new to this 1p challenge having received a notification about it today. Seems like a great idea.

I was wondering if I saved 10p per day, could someone give me an indication how much money I would have to save at the end of the month and how much I would have in the pot at the end of the year ?

Sorry about not being able to work it out myself but I`ve always been useless at maths and I`m always second guessing myself. 

Thanks very much.

Logic would tell me that you will save 365 * 0.10 by the end of the year if this is what you intend.  That is a different amount to this challenge but any amount of savings is good.   Just multiply the number of days in the month by 0.10.  So January will be £3.10.  If you continue doing just this you will have £36.50 at the end of the year. 

If you do the challenge on here as is laid out you will save £667.95 by the end of the year. 0.01p on 1st January, 0.02p on 2nd January and so on right up until £3.65 on 31st December. You need to read the first post on this thread. 

Mimismoney23

Can I join again this year please?

enthusiasticsaver

MSE_James said:

We've merged a few posts into this thread that had been posted as separate threads

Thanks James. 

enthusiasticsaver

Welcome to all new members.  Lots of new names here so a reminder please that you only need to post on here requesting to  join if you intend to update regularly.  Anyone who has not updated by the end of February will be removed from the list. You can save however you wish but the aim is to have £667.95 at the end of the year. 

Well done to all those who have already kicked off by saving something for January.  List is updated.  New challenger numbers from 29-51 are below.

29	C_Charlie
30	Milki
31	laura_lau
32	Pauper1
33	northAthenian
34	Selina_C
35	Donz21
36	RockyCleo1
37	Lukesters1483
38	hellouser
39	capybara1
40	teapot2
41	LittleMissDetermined
42	poorbabe
43	izzma
44	Scott_Chegg_
45	Savings_mom
46	thegreenhouse
47	greenie30
48	sharpei65
49	ThiswillnotdoNo2
50	Nintud
51	Mimismoney23

enthusiasticsaver

Interesting statistic is according to surveys 46% of people in the UK have less than £1k in savings and 1 in 6 have no savings at all.  I know lots use this challenge to save for Christmas as  it finishes in December and I know a few of  you intended to use the money for holidays (myself included) but it could also be used as a way of kickstarting an emergency savings account for those who do not have any.  

Melpam123

Can I join the 1p saving scheme please

BlueJ94

#26 for £55 please

poorbabe

Woop!!! Thank you for my number #42.  I’ve also decided to save differently this year, so opened up an Atom account and have set up a standing order for the monthly amount of £55.67 starting on Friday.

To increase my chance of sticking with the programme, the new account was set up on a phone I use when travelling overseas. 

One month down 11 to go 🙏🏿😁

northAthenian

#33 registering their first payment today of £1.28 to kick off the 2025 challenge

as previous years, I'm allocating payments randomly, rather than chronologically.
(There might even be a colour-coded graph sheet for entertainment purposes...)
will update my signature in due course...

Pauper1

#32 second transfer today so 3p away in my "hidden" account