Saving Money With The 365 Day Challenge

Whenever I have a phone natter with my bestie Steph, we think up ways to get rich quick. Honestly, we're that sad. We're also that ill will powered that we don't get past saving up a tenner for the weekend's wine! Again, we're that sad.

Last night she told me about the 365 Day Challenge and it's something I'd never even heard about. I'll keep it snappy...

365 day challenge, save money, new years resolution

For every day it is of the year you save a penny. Not a penny per day, but the value in pennies for the number day it is out of the 365 in total.  

So by the end of the first week of January you'll have saved:
1p + 2p + 3p + 4p + 5p + 6p + 7p = 28p.

If you do this, you'll save a staggering £667.95 per year. For the sake of pennies per day. Mind blown!

I'll admit I was sceptical at first - how on earth would I be able to afford £3+ per day for 2 whole months - in the run up to Christmas? Steph made it all very simple though and made me stop and think about all the tiddly bits I would normally buy during these months ready for the festivities. I needn't spend my money during this time , instead saving it, and emptying out my money jar at the beginning of December to do that shopping.

So, this is what I'm going to do for 2016. Along with Steph, I've set a reminder on my phone for 6.30pm each evening so the minute I get home from work, I know to pop the pennies in a jar. Wish me luck!

Is anyone else doing the 365 day challenge?

14 comments:

  1. I am giving this a try this year...£667 is a lot of money for me so it would be awesome if I could do it.

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  2. This is actually an awesome idea! I try and save all my pennies anyway but this is a good way to look at it I bet I could save for the camera I have wanted in that year easy. I think it is not touching it that is the problem x

    Miss Kitty Kaos - Adventures Of A Riot Grrrl

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  3. This is a very good idea! I am definetely going to start saving money by selling most of my clothes and shoes that I am never wearing:)

    Great post x

    www.brandobeauty.uk

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  4. I love this, I have been doing this challenge to try and boost my savings account a little!

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  5. Such a great idea for saving, I've been thinking of putting aside a pound or so a day to save up x

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  6. This is such a good idea on how to save. Save little and often and it will build up!

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  7. This is an awesome challenge! I wish I had heard of it earlier!

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  8. This is a great idea. Going to try it.

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  9. This is such a good idea, I'm definitely going to attempt this!

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  10. Such a clever idea! My bank also run something called save the change, so every time you use your card they round up the total to the nearest pound and put the 'change' into a savings account, it's a clever way of saving without even noticing

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  11. I really need to try and give this a go I think - it sounds like a really great challenge. x

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  12. A lot of people I know are doing this, some are also doing it in reverse so a starting at the end and working backwards. I am yet to start

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  13. I know a lot of friends who are doing this and I know I should but I do other savings

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  14. This is such a great idea! My only problem with this is that I think I'd struggle to find the exact change to carry this out!

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