1p Money Saving Challenge – Save £667.95 In A Year!

Do you struggle to save money? Why not take part in our 12-month 1p money saving challenge and save £667.95 in a year. Read on to find out how the challenge works and download your free money saving chart.

1p Money Saving Challenge – Save £667.95 In A Year!

 

I started this blog at the beginning of the year to document and share my journey to financial freedom. This year I’m being mindful and intentional about how I spend my money, ensuring that I’m disciplined and every penny is accounted for.

 

As I’ve mentioned a few times already on this blog, my aim is to 1) earn more 2) spend less and 3) invest the difference. In order to help me spend less and build my investment fund, I’ll be taking up a number of money-saving challenges. The challenge I’ll be discussing in this post will last for the duration of 2019. whereas the other money savings challenges will be set monthly.

 

 

What is the 1p Money Saving Challenge?

 

I started the challenge a couple of weeks ago and it lasts for 365 days. By the end of the 365 days I would have saved £667.95! But how, you ask? Well, I started the challenge on 1st January 2019 and saved just 1p. On the 2nd of January, I added 2p. On the 3rd of January, I added 3p.  Today, Day 17 I added 17p – my current total is a whopping £1.53! While you may snigger at this tiny amount it’ll soon add up. As the old proverb says: ‘Look after the pennies and the pounds will look after themselves’.

 

1p Money Saving Challenge – Save £667.95 In A Year. Look after the pennies and the pounds will look after themselves.
Look after the pennies and the pounds will look after themselves

This challenge is simple for anyone to take part in. You can start today as I’m only at £1.53 so you can easily catch up. I’ve created a free 1p Money Saving Challenge Chart which you can download. Print it out and stick on your wall to keep track of the amount you’re saving daily.

 

1p Money Saving Challenge – Save £667.95 In A Year
1p Money Saving Challenge 365 Days

 

Take part in the challenge and save £667.95 in 365 days without even feeling a dent in your purse. Don’t forget to print off the challenge chart and stick it up where you can see it to remind you to save.

Are you going to try out this money saving challenge? Please let me know in the comments below.

 

This post may contain affiliate links so please see my full disclosure policy for details.

 

 

More Like This: 

If you enjoyed this post, “1p Money Saving Challenge – Save £667.95 In A Year!” then you will also enjoy my other blog posts on similar topics, check them out below:

8 Ways To Motivate Yourself To Save Money 

Frugal February Challenge – Save £250 In 28 Days!

Frugal February Challenge – How Much Money Did I Save In 28 Days?

Stop Buying These 8 Things To Save More Money

 

 

External Resources:

As well as drawing on personal experience for my blog posts, I also get inspiration from other amazing bloggers out there. Here are a few blogs that inspired this post.

12 Money Challenges To Help You Save More Money This Year

8 Different Money Saving Challenges to Try

 

 

 

About The Author

Tolu Frimpong

Wife and mum of three boys on a journey to achieve financial freedom. Earn more, spend less and invest the difference.

3 COMMENTS

  1. Hannah | 22nd Jan 19

    Sounds like a really good idea, I might give it a go 😄

  2. Nai | 29th Jan 19

    This is such a good idea !!! Practically what advice would you give to people who use less cash and more card?

    • admin | 31st Jan 19

      My advice would be to try and get into the discipline of using cash. It’s a lot easier to overspend when paying by card because you don’t physically see the money. There’s something about having to pay with cash that makes you think twice about parting with your money. If cash isn’t an option then I’d recommend doing the challenge weekly or bi-monthly.

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