The365 Day Penny Challenge

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  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
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    Queenofcolouringandtea wrote: »
    I can't post links but the Skint Dad Website has a good table on it.
    (And it seems quite a useful website - not as good as this one but interesting reading)

    I'll post the link for you.
    http://skintdad.co.uk/skint-52-week-saving-challenge/
    Thanks- there are a variety of useful charts for this including doing the challenge backwards and a blank one.
    2019 fashion on a ration 0/66 coupons
  • IrishRose12
    IrishRose12 Posts: 1,732 Forumite
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    helejenkins1 wrote: »
    Hi Irishrose, is there an existing challenge somewhere I don't know about as I would love to join to keep me motivated, otherwise I'll keep this thread going.

    NO not that I can recall as I would have joined it. I found out about this one on Facebook last year as one of my friends started it.
    We done ours a bit differently last year as we had 2 tins from January to July - one tin we started backwards, and the other one we started from 1p up. By the time it came to us going on holiday we had saved the full amount because we done it both ways.

    Then we done the same when we returned home only from August - December so we had a but less but still a lot.

    This year we're doing 2 tins again but from January until December, same thing - we're doing one from 1p and up and the other one will be from £3.65 down :)

    My friend found she couldn't afford to do the high amounts everyday so she wrote the amounts on pieces of paper and put them in a tub and picked out one each day. That was the amount she put into the tin that day then :)
    Pay all debt off by Christmas 2024 £537/£3,500£1 a day challenge 2024 - £91/£730 Declutter a bag a week in 2024 6/52Lose 24lb - 3/24lbs Read 1 book per week - 5/52Pay off credit card debt 7/100%
  • Honeysucklelou2
    Honeysucklelou2 Posts: 4,657 Forumite
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    Can I join this challenge please...off to find a suitable tin and utilise a diary to record amounts.
    paydbx2024 #2 £480/£5000 . Mortgage £144k start ~ £148k Jun 23 -
    2024 savings challenge £5/£2000     EF £140. Savings 2 £30.00. Weekly savings envelope #17
  • Doris17
    Doris17 Posts: 661 Forumite
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    Hello,
    Please can I join you in the challenge? :-)

    "Make Everyday Count"

    #77 3-6 Months Emergency Fund £2528.11/£5000

  • Ladygrim
    Ladygrim Posts: 739 Forumite
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    Hello all,

    Please can I join in too?

    Already put 10p in the jar

    LG
    working hard at this thing called life
  • Pickle_99_uk
    Pickle_99_uk Posts: 115 Forumite
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    I saw this on facebook and decided to do it too. Can I join in with you guys for some motivation?! I'm not doing it in order either. x
    Make 2019 in 2019: £1350/2019
  • Pickle_99_uk
    Pickle_99_uk Posts: 115 Forumite
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    £2.98 so far!
    Make 2019 in 2019: £1350/2019
  • Doris17
    Doris17 Posts: 661 Forumite
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    Just moved £4.06 over to my saving account, which covers the first 28 days of the challenge. :-)

    "Make Everyday Count"

    #77 3-6 Months Emergency Fund £2528.11/£5000

  • 32b3in2013
    32b3in2013 Posts: 2,440 Forumite
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    Evening

    I'm going to do this. There is a chart which helps you calculate each payment, but the payments peak in June, and then start getting lower again, so the end of the year isn't too expensive. It's set out in 3 month chunks too which helps me as I will be making the payments monthly.

    32b3
    SPC9 #125 - £816.85
    SPC10 #125 - £851.81
    SPC 11 #7 - £968.46
    SPC 12 #7 - £2682.90
    SPC 13 #7 - £4829.85
    SPC 14 #7 - £4173.30
  • helejenkins1
    helejenkins1 Posts: 227 Forumite
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    Hi Guys and welcome to everyone who has joined us. I shall update the challenger list now.
    Shall we sy that we post weekly updates and I will keep a tally so we can see how much we have all saved by the end of the year. I'm thinking this will keep us motivated if we check in often.
    Make £10 a day in May- £90/£150
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