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  • FIRST POST
    • elsiepac
    • By elsiepac 23rd Dec 19, 11:25 AM
    • 1,846Posts
    • 13,224Thanks
    elsiepac
    366 Day 1p Challenge 2020
    • #1
    • 23rd Dec 19, 11:25 AM
    366 Day 1p Challenge 2020 23rd Dec 19 at 11:25 AM
    Hi everyone

    Welcome to the 366 Day 1p Challenge for 2020!

    The rules are simple - every day you put aside an amount between 1p and £3.66, covering all the incremental amounts in between... You can do this starting at 1p and working up, or start at £3.66 and work down, or just put aside whichever amount off the list you'd like to each day.

    To keep track, please feel free to download this spreadsheet created by the MSE Team and mark off each amount as you put it aside.

    If you'd like to be allocated a number and added to the second post in this challenge, please post and I will issue you a number for your signature.

    Good luck everyone!

    Please see the original challenge post below from helejenkins1


    I started this challenge in 2017, but due to the pressure of a large amount of debt I struggled to keep up with it. As of this month, I am debt free and determined now to save as much as I can to have a more secure future. I know some of you will be in a much different situation, but we are all here for our own reasons.

    The aim of the challenge is to save 1p on 1st January, 2p on 2nd January till the 31st December where you would save £3.65. Obviously this makes the end of the challenge very expensive, so I find it better to just mix it up a little bit. If I have £3.01 in my purse, I'll just mark that day off.

    At the end of the year, you will have £667.95. Use this money as you wish. Pay off some debt, treat yourself or just continue to save it.

    I'll keep this thread going even if I'm on my own as I want and need to stay motivated. If anyone wants to join me along the way you are more than welcome.

    Happy saving
    Originally posted by helejenkins1
    MSE Molly says: The 1p Savings Challenge has been run for many years by our Forumites, and here at MSE Towers, we wanted to make it easier for people to join in, experienced or newbies!
    So we've created our own version of the 1p Savings Challenge tracker (which includes 366 days for the leap year in 2020). Simply download or print off the table, and tick off one box per day - there is no set order!
    For more details, read our blog about the challenge here.


    This Forum tip was included in MoneySavingExpert.com's weekly email!
    If you haven’t already, join the forum to reply.
    Last edited by MSE Molly; 22-01-2020 at 11:22 AM.
    I'm a Board Guide on the Old Style, Greenfingered, Energy & Going Out Deals boards which means I'm a volunteer to help the boards run smoothly and I can move and merge threads there. Please remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this) Any views are mine and not the official line of MoneySavingExpert.
    SPC No 074
    GC: Jan 20 £tbc/£250
    Vegan 27-8-13
Page 7
    • Muppet81
    • By Muppet81 11th Jan 20, 5:59 PM
    • 948 Posts
    • 1,717 Thanks
    Muppet81
    I would like to join please. Already started but working from the end to the beginning as Jan, Feb and March tend to be my less expensive months.
    Thank you for this site Now OH and I are both retired, MSE is a Godsend
    • LeeUK
    • By LeeUK 11th Jan 20, 6:59 PM
    • 6,579 Posts
    • 3,030 Thanks
    LeeUK
    I'm doing it in proper order as per the spirit of the challenge into a separate pot on my Starling account. I'm also doing £5 a week into another pot.

    Whether in reverse or not, my expenditure doesn't really increase due to the time of year so putting the larger amounts away at the end of the year shouldn't really matter. Unless I'm out of a job.
    • Blackberrycurved
    • By Blackberrycurved 11th Jan 20, 9:10 PM
    • 180 Posts
    • 1,003 Thanks
    Blackberrycurved
    NUMBER 8 checking in £9.97 saved so far. I am 4 days behind but this really keeps me thinking about pennies adding up and I'll catch up by next weekend as that's my finance day. Well done everyone.
    DF by 2020 No 17 £449 /£15,599 No 8 £9.97/ 365 Penny Challenge
    • wllcnur
    • By wllcnur 12th Jan 20, 10:16 AM
    • 7 Posts
    • 3 Thanks
    wllcnur
    I know I'm a bit late but I'd like to join. Thanks
    • StripeyTightsSpottySocks
    • By StripeyTightsSpottySocks 12th Jan 20, 3:55 PM
    • 216 Posts
    • 995 Thanks
    StripeyTightsSpottySocks
    Hi

    I'll join please. I put some money in a tub last week so i'll print the form off at work and then tot up where i'm up to and cross off - i'll aim to be crossing off from December first i think but will mix it up
    14/07/2019 Mortgage Balance £52,995.15 £50,150
    16/07/2019 T Credit Card Balance £1728.50 £870
    £1,500 bill paid in full oct 19
    16/07/2019 Mortgage Savings £9,650.00
    EF£100/£1,000
    p9
    • ToPostAnon
    • By ToPostAnon 12th Jan 20, 10:01 PM
    • 13 Posts
    • 12 Thanks
    ToPostAnon
    Please can I join. I am taking January easy as a slow introduction but hoping to do the larger months before the end of year.

    Thank you for running the thread. Very much appreciated. xxx
    • UnseenGhost
    • By UnseenGhost 13th Jan 20, 6:50 AM
    • 18 Posts
    • 45 Thanks
    UnseenGhost
    Missed a couple of days due to other circumstances, but I'm back on it adding multiple days to cover it. £7.27 sent this morning for a total of £18.67

    #15
    20p Savers Club 2020 #4 - £3.00/£25
    365 Day Penny Challenge 2020 #15 - £35.22/£667.95
    Virtual Sealed Pot Challenge 2020 #15 - £16.42/£100


    Always looking for tips to save.
    Currently saving to hopefully to move out of my family home in the next year or two!
    • gettingtheresometime
    • By gettingtheresometime 13th Jan 20, 4:36 PM
    • 5,095 Posts
    • 12,669 Thanks
    gettingtheresometime
    Sold another 2 items on ebay so that's another £10.90 allocated to December's payments
    Lloyds OD / Natwest OD / PO CC / Wescott / Argos Card / JD Williams cleared thanks to the 1 debt v 100 day challenge
    • CazzieLT
    • By CazzieLT 13th Jan 20, 8:32 PM
    • 241 Posts
    • 1,848 Thanks
    CazzieLT
    Evening all,

    Have been plugging away saving the highest amounts in reverse order and am up to a lovely £46.80. I am using the fruits of last year's labour to pay for a holiday this year and think I will do the same with this year's money next year (all being well and not needing it for anything else). It's such a great challenge.

    Keep up the good saving! xxx
    Flat Deposit Fund - £34,755.68
    Emergency Fund - £4,000

    366 Day Penny Challenge for 2020 (#10) - £88.50/£671.61
    £2 Savers Club for 2020 (#39) - £46/£200
    • elsiepac
    • By elsiepac 14th Jan 20, 8:39 AM
    • 1,846 Posts
    • 13,224 Thanks
    elsiepac
    Welcome sammy85, Quality20, Muppet81, wllcnur, StripeyTightsSpottySocks and ToPostAnon!

    I didn't have much change so put in a £20 plus change (I worked out the right amount for a few days) and so I'm covered up until Friday. I think the rest of the month (only till next Friday for me) will be low end payments in as eking things out until payday.

    I'm a Board Guide on the Old Style, Greenfingered, Energy & Going Out Deals boards which means I'm a volunteer to help the boards run smoothly and I can move and merge threads there. Please remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this) Any views are mine and not the official line of MoneySavingExpert.
    SPC No 074
    GC: Jan 20 £tbc/£250
    Vegan 27-8-13
    • StripeyTightsSpottySocks
    • By StripeyTightsSpottySocks 14th Jan 20, 5:45 PM
    • 216 Posts
    • 995 Thanks
    StripeyTightsSpottySocks
    Tub counted I'm at

    £14.68 and have crossed off 5 squares including a £1 one as that peskily turned up after the rest had been allocated.

    Thank you elsiepac
    14/07/2019 Mortgage Balance £52,995.15 £50,150
    16/07/2019 T Credit Card Balance £1728.50 £870
    £1,500 bill paid in full oct 19
    16/07/2019 Mortgage Savings £9,650.00
    EF£100/£1,000
    p9
    • UnseenGhost
    • By UnseenGhost 15th Jan 20, 6:35 AM
    • 18 Posts
    • 45 Thanks
    UnseenGhost
    Added another two days worth today to catch up - £5.31. Total is now £23.98

    #15
    20p Savers Club 2020 #4 - £3.00/£25
    365 Day Penny Challenge 2020 #15 - £35.22/£667.95
    Virtual Sealed Pot Challenge 2020 #15 - £16.42/£100


    Always looking for tips to save.
    Currently saving to hopefully to move out of my family home in the next year or two!
    • elsiepac
    • By elsiepac 15th Jan 20, 8:08 AM
    • 1,846 Posts
    • 13,224 Thanks
    elsiepac
    Potted another 24p last night - wasn't intending to but someone in work found change on their desk and gave it to me so I wasn't going to pass that up!!

    I can't count my money so far as in the Terramundi but working it out I have £3.51 - £3.66 plus 24p so that's £57.60! WOW this adds up fast!
    I'm a Board Guide on the Old Style, Greenfingered, Energy & Going Out Deals boards which means I'm a volunteer to help the boards run smoothly and I can move and merge threads there. Please remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this) Any views are mine and not the official line of MoneySavingExpert.
    SPC No 074
    GC: Jan 20 £tbc/£250
    Vegan 27-8-13
    • Buffythedebtslayer
    • By Buffythedebtslayer 15th Jan 20, 7:44 PM
    • 16,082 Posts
    • 56,481 Thanks
    Buffythedebtslayer
    This is the list I used last year, from the 2019 1p a day thread, I used the money last year to fix my car. It was great!

    The list was originally worked out by Unicornrose 2804

    Month 1 - £108.50
    Month 2 - £89.74
    Month 3 - £90.21
    month 4 - £78.15
    month 5 - £71.30
    month 6 - £59.85
    month 7 - £52.39
    month 8 - £42.78
    month 9 - £32.25
    month 10 - £23.87
    month 11 - £13.95
    month 12 - £4.96

    total = £667.95

    (plus 3.66 for this year I think?)

    XXX
    Debt Free as of 26/07/19 (third time is the charm!)
    House Savings target 0/5000, H2B 3000/5400, General savings 700 a month
    • gettingtheresometime
    • By gettingtheresometime 15th Jan 20, 10:05 PM
    • 5,095 Posts
    • 12,669 Thanks
    gettingtheresometime
    This is the list I used last year, from the 2019 1p a day thread, I used the money last year to fix my car. It was great!

    The list was originally worked out by Unicornrose 2804

    Month 1 - £108.50
    Month 2 - £89.74
    Month 3 - £90.21
    month 4 - £78.15
    month 5 - £71.30
    month 6 - £59.85
    month 7 - £52.39
    month 8 - £42.78
    month 9 - £32.25
    month 10 - £23.87
    month 11 - £13.95
    month 12 - £4.96

    total = £667.95

    (plus 3.66 for this year I think?)

    XXX
    Originally posted by Buffythedebtslayer
    I've added £3.66 to my total.

    Is that monthly total working backwards from Dec to Jan?

    Added another £8.40, split between December and May allocations due to another eBay sale
    Lloyds OD / Natwest OD / PO CC / Wescott / Argos Card / JD Williams cleared thanks to the 1 debt v 100 day challenge
    • UnseenGhost
    • By UnseenGhost 17th Jan 20, 6:27 AM
    • 18 Posts
    • 45 Thanks
    UnseenGhost
    #15 here. A respectable £2.36 transferred today for a total of £26.34
    20p Savers Club 2020 #4 - £3.00/£25
    365 Day Penny Challenge 2020 #15 - £35.22/£667.95
    Virtual Sealed Pot Challenge 2020 #15 - £16.42/£100


    Always looking for tips to save.
    Currently saving to hopefully to move out of my family home in the next year or two!
    • Puddleglum
    • By Puddleglum 18th Jan 20, 8:07 AM
    • 717 Posts
    • 5,260 Thanks
    Puddleglum
    Hello, #7 reporting in.

    I had to wait to get started due to lack of money so yesterday was catch up time when the first lot of pay arrived.

    I've created a spreadsheet to keep track of progress. Basically I listed all the amounts 0.01 up to 3.66, randomised them and linked the randomised numbers to the date.

    The spreadsheet total to be transferred for January was £58.45 so that has now been done. Looking forward to seeing the savings mount up
    "A thousand candles can be lit from a single candle without shortening the life of that candle."

    April 2019 - pick myself up, dust myself down and give myself a stern talking to.
    Grocery spend £5814/£80
    • elsiepac
    • By elsiepac 18th Jan 20, 6:44 PM
    • 1,846 Posts
    • 13,224 Thanks
    elsiepac
    It's all gone a bit quieter in here... is everyone doing well with their challenges now we're just over halfway through the first month?

    I'm on my last week of my salary month so don't have as much spare this week, so I'll be putting in amounts from the smaller end of the scale - from 15p Today up to 20p on Thursday. When I get paid Friday I'll do some higher numbers again as that worked well for me this month! Loving this challenge!
    I'm a Board Guide on the Old Style, Greenfingered, Energy & Going Out Deals boards which means I'm a volunteer to help the boards run smoothly and I can move and merge threads there. Please remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this) Any views are mine and not the official line of MoneySavingExpert.
    SPC No 074
    GC: Jan 20 £tbc/£250
    Vegan 27-8-13
    • CazzieLT
    • By CazzieLT 18th Jan 20, 7:30 PM
    • 241 Posts
    • 1,848 Thanks
    CazzieLT
    Hi elsiepac, I'm still here but didn't want to bore you all with my totals on a daily basis! I've been working backwards steadily and have a total of £60.86 with another £3.49 to be added tonight. It's not easy in January but I'll appreciate it in the later months! The thought of a holiday with the proceeds also means I'll keep on keeping on! Thanks again for running the thread! xxx
    Flat Deposit Fund - £34,755.68
    Emergency Fund - £4,000

    366 Day Penny Challenge for 2020 (#10) - £88.50/£671.61
    £2 Savers Club for 2020 (#39) - £46/£200
    • jammydodgersandrhl
    • By jammydodgersandrhl 18th Jan 20, 9:02 PM
    • 88 Posts
    • 679 Thanks
    jammydodgersandrhl
    I'm still following the thread. I'm loving the challenge - it has helped me rethink my mindset around money. Im excited to put spare money into the savings pot. I'm waiting for pay day on friday to start up again. I put a lot in at the beginning of the week. I'm definitely preferring to do it online - its so much easier to track the amount and to be able to use it to pay off debt.
    Keep going everyone!
    Declutter 2020 - 232/2020
    PAYDBX 2020 £685.11/£6327.90
    365 Saving challenge #37 £50/£671.61
    Credit Card £2834.79/£3000
    Student Overdraft £2000
    Main Bank Overdraft £250/£700
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