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    • adventureofmemories
    • By adventureofmemories 22nd Dec 17, 10:54 PM
    • 176Posts
    • 543Thanks
    January | Penny Pincher Challenge
    • #1
    • 22nd Dec 17, 10:54 PM
    January | Penny Pincher Challenge 22nd Dec 17 at 10:54 PM
    The challenge
    The aim of this challenge is to create a list of 15 tasks that you will aim to complete in the month to help you save money or to be more financially stable.

    • There must be 15 items on your list
    • Each task is worth 1 "point" . You will gain an extra 5 points for completing every task at least once.
    • Please update us at least weekly with your current 'point' status so we can include you in our weekly tally
    • Keep track of your tasks and how many times you have done them
    • There isn't a limit to how many times you do the tasks as long as it helps you to save moeny in some ways
    • You can include other challenges such as the sealed pot challenge, save £1 a day etc...
    • Try to mix your list up to help you avoid being stuck in a rut
    • Try to join in with our chats / coffee mornings as well as our mini challenges (Which won't always be money/finace based)
    • you may change your list as needed
    How to join
    • Post your 15 tasks from the list below & act on them throughout the month.
    • You will get given a number and the members list will be posted below.
    • Be sure to keep us updated with your progress so we can add your points!
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
Page 2
    • Mumoffourkids
    • By Mumoffourkids 27th Dec 17, 5:24 PM
    • 592 Posts
    • 2,863 Thanks
    Ok so yesterday went well
    - second no spend day of the week as my dad topped me up with bread and milk before he left
    - checked my bank and nothing had happened - 1pt

    And today
    - checked bank - 1pt
    - updated ynab - 1pt
    - batch cooked some meals for me to go into the freezer - 1pt
    - saved small change - 1pt
    - saved 20p - 1pt

    I am getting there slowly and this challenge is making me think more about what I am doing.
    • adventureofmemories
    • By adventureofmemories 27th Dec 17, 6:06 PM
    • 176 Posts
    • 543 Thanks
    Today :
    Checked the bank - 1pt
    had a no spend day - 1pt

    Fiancee ordered in for us... was unexpected but "his treat and 1 more present for you" he said

    I wrote the tasks in my planner so i xan be more accountable. Im setting my planner so it's ready to use in jan
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • mollymunchkin
    • By mollymunchkin 27th Dec 17, 7:14 PM
    • 955 Posts
    • 2,679 Thanks
    I!!!8217;d like to join in & here is my list. Must remember to update here!

    1. Save change 10p & under
    2. Clear loft & Ebay contents
    3. Look for free parking wherever possible
    4. Take lunch to work everyday
    5. Not buying clothes etc
    6. Use up leftovers
    7. Meal plan
    8. Check bank frequently
    9. Batch cook
    10. Use up freezer contents
    11. Use up cupboards contents
    12. Not buying toiletries
    13. Don!!!8217;t throw out food
    14. Limit takeouts to 1 per fortnight
    15. No Costa coffees
    Cos I don't shine if you don't shine.
    • JenRM
    • By JenRM 27th Dec 17, 7:43 PM
    • 10 Posts
    • 50 Thanks
    Please can I join too? Here's my list for Jan:
    1. 5 no spend days
    2. 5 no car days
    3. Do the penny challenge
    4. Declutter 3 things a day challenge (selling stuff when poss)
    5. Earn at least £10 on surveys
    6. Make at least £10 selling on FB
    7. Batch cooking each week
    8. Always make lunch for myself and OH on work days
    9. Check bank balance daily
    10. Don't buy any carrier bags
    11. Do one big weekly shop by myself
    12. Do a food plan each week
    13. Use Co-op points for top ups
    14. Use Boots points for cosmetics
    15. Keep cost of my twins birthday party to under £100

    Looking forward to taking part !!!128522;
    • Chocolatedrinker
    • By Chocolatedrinker 27th Dec 17, 11:46 PM
    • 240 Posts
    • 1,779 Thanks
    I'd like to join from January please. My list is:
    1. Save £2 coins
    2. Save 20p coins
    3. Have at least 3 no spend days a month
    4. Always have shopping bags in the car so I don't buy any more
    5. Always use loyalty cards when shopping
    6. Use cash back sites when shopping online
    7. Keep a spending diary
    8. Cancel unwanted subscriptions
    9. Take lunch to work
    10. Join and use receipt hog
    11. Check bank a count everyday
    12. On payday, transfer balance to pay debts, once paid off transfer to savings
    13. Take part in £10 per week luxury challenge
    14. Take part in 2018 1 percent challenge
    15. Take water bottle to work
    16. Do small money saving things each week
    17. Take part in 5p savers challenge
    18. No more buying books until I have read the ones I have.
    • villagelife
    • By villagelife 28th Dec 17, 6:17 AM
    • 1,314 Posts
    • 14,699 Thanks
    Please may I join.
    My 15 are

    1. Catch free bus to work on days I work at my main base.
    2. Take bags shopping.
    3. Take packed lunch to work .
    4. Drink water at work.
    5. Plan meals to include using up leftovers.
    6. Complete my expenses.
    7. Check banking.
    8. Use loyalty cards.
    9. Save all £2 coins.
    10. EBay at least 4 items.
    11. Not buy clothes
    12. Not buy toiletries.
    13. Check and do 2 survey sites a day.
    14. Check cheapest petrol prices before filling car up.
    15. Clean car and take books in boot to charity shop.
    Last edited by villagelife; 31-12-2017 at 8:53 AM.
    • scrooge2008
    • By scrooge2008 28th Dec 17, 9:51 AM
    • 1,294 Posts
    • 4,587 Thanks
    Hi can I join too please. Although mine don't all look money saving - I find that if I give my mind, house and body the attention they deserve that the money side of thing falls in to place too.

    1 Complete Tax Return - Own
    2 Complete Tax Return - Business
    3 Write out Menu Plan for Month (rolling four week)
    4 Netball each week
    5 Dancing class each week
    6 Art class each week
    7 Sauna/swim gym each week
    8 Meditation each day
    9 Save £10.00 a day challenge (long term savings)
    10 Plan food to eat in advance - Night Before
    11 Plan money to spend in advance - Night Before
    12 Plan work to do in advance - Night Before
    13 30 minute timed declutter each day
    14 Wash on and out each day
    15 Swallow a frog - one thing I really don't want to do - each day
    I learned that courage was not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear.
    • iammumtoone
    • By iammumtoone 28th Dec 17, 1:57 PM
    • 5,541 Posts
    • 11,303 Thanks
    As I haven't started yet I am going to re-do my list. I agree with scrooge that if when other things in my life don't go to plan I tend to spend more on unnecessary items so it I make sure everything else is going ok I feel good about that and spend less (if that makes sense).

    I need to re-think but am aiming for 10 money saving goals and 5 general life ones.
    • iammumtoone
    • By iammumtoone 28th Dec 17, 4:15 PM
    • 5,541 Posts
    • 11,303 Thanks
    My revised list

    1) limit drink spend at work to £3 day for breakfast/dinner/drinks
    2) stay off internet shopping sites
    3) check bank balance - round down and transfer to savings
    4) update spending diary
    5) Limit takeaways to once a fortnight
    6) re-use shopping bags
    7) Walk instead of drive
    8) loose change/50ps in sealed pot
    9) eat something from freezer/cupboards that needs using up
    10) £10 per week luxury challenge
    11) 15 minute timed de-clutter/tidy everyday
    12) 3 things de-clutted every day (bin/charity shop/ebay)
    13) get clothes etc ready night before, b4 7pm so if any issues there is time to sort
    14) laundry in machine b4 8pm so I don't have to stay up waiting for the machine to finish
    15) wash up before going to bed
    Last edited by iammumtoone; 30-12-2017 at 3:58 PM.
    • adventureofmemories
    • By adventureofmemories 28th Dec 17, 4:43 PM
    • 176 Posts
    • 543 Thanks
    Hey guys , Please do include selfcare items!
    We could do 10 money saving ones & 5 home ones if you'd like?

    I changed my list too slightly as I found some weren't applicable to me anymore.

    Welcome to all of our new members! It's so lovely to have you.
    How has your week been going?

    I'm starting from 0, i had to use my savings D:
    Last edited by adventureofmemories; 28-12-2017 at 4:46 PM.
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • Bookaholic
    • By Bookaholic 28th Dec 17, 6:14 PM
    • 45 Posts
    • 161 Thanks
    Iíd like to join in please. I was already thinking about the need to save rather than spend over the next month or two...and now discovered we need a new boiler (weíve had 3 years of dodginess only to learn today that the plumber weíve had round has replaced 3 of the neighboursí before we moved in!). Will pop back later to add my 15.
    • adventureofmemories
    • By adventureofmemories 28th Dec 17, 7:31 PM
    • 176 Posts
    • 543 Thanks
    Welcome, Bookaholic It's so great to have you and good luck with everything :P

    I need to:
    * save preferablly for a new mattress (ours has gone moldy - we sweat so much ) , I need to * pay £444 back to my fiancee for the TV,Washing Machine,PS4 and curtains.
    * Save £1,000 in Emergency Fund
    * Save £200 for Help-to-buy ISA
    * Save for wedding (once Emergency fund has been established)
    * I do want to save for home items that we need (say we say one month we need to buy new lightbulbs / printer ink etc) , retirement , sinking fund - powershop, bills
    * I don't want to live pay-to-pay anymore. I HATE it

    What's your reasons for taking on the challenge?
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • Mumoffourkids
    • By Mumoffourkids 28th Dec 17, 8:30 PM
    • 592 Posts
    • 2,863 Thanks
    So today I have done the following
    - checked bank - 1pt
    - updated ynab - 1pt
    - sold an unwanted toy storage unit - 1pt

    My reasons for doing this is a) I want to pay off my debts asap and b) I need to be able to budget and keep on track with my spending money so I don't get stuck when paying off my debts.
    • iammumtoone
    • By iammumtoone 28th Dec 17, 9:15 PM
    • 5,541 Posts
    • 11,303 Thanks
    What's your reasons for taking on the challenge?
    Originally posted by adventureofmemories
    I am doing this as I need to take stock of my fiances I am lucky to not be in debt but the down side to that is it makes you complacent.

    I need to build up emergency savings and sort out some kind of pension payments (I am 45 so starting to worry about pension!). I also need to be prepared for a tax credit over payment next year, I had a large payrise this year and don't trust they have worked out the figures correctly so need to be prepared (if it doesn't happen then I will have extra savings )
    • keggsy
    • By keggsy 29th Dec 17, 8:33 AM
    • 38 Posts
    • 133 Thanks
    Hi There,

    Would it be ok if I joined this challenge.

    Now Xmas is over Iím focused on saving money so I can pay off a small car loan and a holiday booked in August.

    So here are my 15 things....

    1. Check bank account everyday
    2. Do not buy any carrier bags
    3. Save all £2 coins into a sealed pot.
    4. Do not buy cups of tea!!
    5. Take cash out and do not use the card!
    6. Keep a spending diary
    7. No amazon!!
    8. Go through cupboards and freezers and make an inventory.
    9. Meal plan and prioritise anything that I can use in the cupboards or freezers.
    10. Start batch cooking and use the freezer more.
    11. Open up separate accounts for Xmas and both my boys birthdays.
    12. 3 no spend days a week
    13. Declutter the loft and remove unwanted toys and donate to charity/ eBay.
    14. Do not buy any more books
    15. No takeaways in Jan!!
    Trying to make our money work for us and not the other way round!!
    • RhiBi
    • By RhiBi 29th Dec 17, 2:59 PM
    • 451 Posts
    • 1,422 Thanks
    Hi, I've not posted on here for a long time but am back and determined to save money, so would love to join please. I!!!8217;ll sort my list out ASAP xx
    Last edited by RhiBi; 29-12-2017 at 3:04 PM.
    Virtual Sealed Pot 2018 #7 £152.81/£250
    • Bookaholic
    • By Bookaholic 29th Dec 17, 3:09 PM
    • 45 Posts
    • 161 Thanks
    Iím back with my list. I havenít been overly Money savvy today because of the snow weíve had overnight. I had planned to walk into town for milk but it was a little treacherous underfoot (on road and pavement) so popped to local shop where it is a little more expensive as branded (buy the double filtered type stuff as it doesnít upset my OH whoís lactose intolerant)

    My list for January
    1. Have 3 NSDs each week
    2. Donít buy any toiletries - I have quite enough in the cupboard to use up!
    3. Go to the library instead of buying books I want to read (on top of this read 5 books off my shelf)
    4. Make a shopping list and stick to it.
    5. Take lunch to work everyday (if Iím at home make something healthy)
    6. Donít buy anything on Etsy - this is one of my vices!
    7. Donít buy anything on Amazon
    8. Always carry a shopping bag
    9. Keep a diary of expenses
    10. Add the equivalent of £1.50 minimum a day to sealed pot to save for Christmas 2018
    11. No takeaways or ready meals
    12. Meal plan for each week.
    13. Go for a run or do a home work out each day
    14. Complete surveys on Yougov
    15. No buying fizzy pop or alcohol (will drink lime and soda if going out)

    Bonus - Note 3 positive things each day!
    Money saved for Christmas 2018 £6/£500
    No more Buying Books challenge - read 2 books 2017-18
    January NSDs - 3/15
    • adventureofmemories
    • By adventureofmemories 29th Dec 17, 4:33 PM
    • 176 Posts
    • 543 Thanks
    Have a shopping list & stick to it , only shop when 3/5+ items - 1pt
    His parents are over for a few days to spend NYE with us both and even though some things weren't on my shopping list, it was needed such as more milk & butter

    Reused shopping bags - 1pt
    (just waiting on receipt hog to upload today's receipt)

    Pay with cash where possible - Used £20 to pay for shopping. Didn't have enough in bank - 1pt
    (Will have to transfer £20 from Jan's shopping / wages into my own funds as it came from christmas money)

    check accounts regulary - 1pt
    Good job i did. something went weird with my bill transfers . all sorted now...hopefully

    4 points today

    Great list, bookaholic!
    And welcome, keggsy & RhiBi
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • RhiBi
    • By RhiBi 29th Dec 17, 4:43 PM
    • 451 Posts
    • 1,422 Thanks
    Hereís my list for January

    1. Save all spare change
    2. bring your own bottle to work
    3. take your own lunch to work
    4. meal plan
    5. set a target for a specific amount of No Spend Days (3 per week)
    6. Leave your card at home
    7. Check bank accounts frequently
    8. Cancel unused subscriptions
    9. Avoid online shops such as Ebay
    10. Create a shopping list & stick to it
    11. Only go shopping when there is 3+ items on the list
    12. Stop buying branded food
    13. Give yourself a limit to spend
    14. Create a budget
    15. Use left overs / search for cheap meals
    16. Use loyalty cards such as tesco and always put the pints on that card
    17. Do a spend freeze on an item you spend a lot on
    18. Use voucher codes
    19. Reuse shopping bags
    • adventureofmemories
    • By adventureofmemories 29th Dec 17, 4:50 PM
    • 176 Posts
    • 543 Thanks
    That's a great list!
    Good luck for January!

    What are you most looking forward to in January?
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
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