Save a penny a day 2018
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claireyfairy82
Posts: 112 Forumite
Hi all
I'm planning on following the penny a day challenge again this year, as it really kept me motivated to save. Below is the link to the thread from last year.
http://forums.moneysavingexpert.com/showthread.php?t=5578213
The basic idea is that you save:
1p on the 1st of January
2p on the 2nd of January
...
£3.65 on the 31st December
Your total at the end of the year would be £667.95.
Personally I tend to mix the days up a bit more, i.e if I have £2.52 in my purse that's what I put in that day. I also found it a bit easier to try and get some of the larger amounts scored off towards the beginning of the year.
Please feel free to join in.
I'm planning on following the penny a day challenge again this year, as it really kept me motivated to save. Below is the link to the thread from last year.
http://forums.moneysavingexpert.com/showthread.php?t=5578213
The basic idea is that you save:
1p on the 1st of January
2p on the 2nd of January
...
£3.65 on the 31st December
Your total at the end of the year would be £667.95.
Personally I tend to mix the days up a bit more, i.e if I have £2.52 in my purse that's what I put in that day. I also found it a bit easier to try and get some of the larger amounts scored off towards the beginning of the year.
Please feel free to join in.
JAN - £208.56/£250 NSD-8
FEB - £121.51/£200 NSD- 1
Penny a day challenge #001: £200.79/£667.95
FEB - £121.51/£200 NSD- 1
Penny a day challenge #001: £200.79/£667.95
0
Comments
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001 claireyfairy82
002 motivated £15.00/£667.95
003 RhiBi
004 DJB343
005 claremylove
006 enjoyyourshoes
007 Honeysucklelou2
008 Buffythedebtslayer
009 datlex
010 Jellibeanz
011 A Random Man
012 Black taxi
013 Klbooth £76.10/£667.50
014 IrisViolet
015 starting_again_in_the_sun
016 NeverendingDMP
017 bigsatsuma
018 NuclearGreyhound
019 Pinkfluffybabe
020 Petram20
021 Shashwoo
022 Tink_04
023 TownMouse
024 Tales17
025 vickyleigh
026 Jules*43
027 libster08
028 Lexilou22
029 nelieJAN - £208.56/£250 NSD-8
FEB - £121.51/£200 NSD- 1
Penny a day challenge #001: £200.79/£667.950 -
Hi claireyfairy
Please count me in, I like the sound of this challenge
MEmptying my lake with a teaspoon0 -
I’ll join this challenge if that’s ok! Xx0
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Interested in giving this one a go!DEBT - £34,469 | £6,224.01 REMAINING - 81% PAID OFF. GETTING THERE0
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Count me in 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)0
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what do you do with the £667.95 on 1 JaN ?Debt is a symptom, solve the problem.0
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enjoyyourshoes wrote: »what do you do with the £667.95 on 1 JaN ?
Mine will go towards a much needed break :TEmptying my lake with a teaspoon0 -
Yes please, can I join in?paydbx2024 #2 £480/£5000 . Mortgage £144k start ~ £148k Jun 23 -
2024 savings challenge £5/£2000 EF £140. Savings 2 £30.00. Weekly savings envelope #170 -
Hello can I join please?
I think I will do it backwards as it will be more of an incentive to keep going...:)
XXXNevertheless she persisted.0 -
I did this in previous years along side the pounds to week challenge. It does help to get you into the savings mentality. It can be quite expensive towards the end especially as that comes just before Christmas, however one way to get round that is to mix up the days. So for example on week 1 you have 1p+2p+3p+4p+5p+6p+7p then on week 2 you have £3.64 + £3.63 + £3.62 + £3.61 + £3.60 + £3.59+£3.58 on week 3 you have 8p+9p+10p+11p+12p+13p+14p on week 4 it is £3.57, £3.56, £3.55,£3,54,£3,53,£3.52,£3.51. Another way is to start the challenge now, but to restart in November next year so that you have the money for Christmas 2019.Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0
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