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1p Challenge

How to save £667.95 in 2024 with the 1p Saving Challenge. Millions of people take part in the 1p Savings Challenge every year, the idea's straightforward, and makes it easy to save by setting a challenge with a goal to focus on.

1P Savings Challenege


We're always on the lookout for ways to save money  – but it's not always easy to find a savings method that works for you, one of the most popular methods our community likes to participate in is the 1p savings challenge. 

1P Savings Challenge

Use this free template to keep track of your daily save, which you can download and print off completely free of charge.  Here’s a preview, you can download the high-def PDF further down or click on the image...


1p saving challenge 

How to Complete the 1p Challenge

The 1p challenge is a daily savings scheme whereby you try to save 1p per day, with a 1p increase each day. It's a great way to build up your savings pot in a manageable way that won't break the bank.

You start off on day one by saving 1p, then each day you save what you saved the day before, plus a penny more. So day 1 = 1p, then day 2 = 2p, then day 3 = 3p – all the way up to day 365 which is £3.65. 

If you start on the 1st of January, by the 31st of December 2024 you will have saved a grand total of £667.97 (£671.61 on leap years) 

Use our Free Printable sheet to mark off your payments each day.


Looking for more ways to save cash? Check out our 101 Best Ways to Save Money


Tips for The 1p Challenge

Keep Your Challenge in Sight

Put your plan somewhere you will see it daily, so it's always to hand and you always have a reminder of what you're working towards.  This is why I find the print outs so handy.

Choose the Best Saving Option for you

Some people like to save in a jar and others open a bank account specifically for their savings.  Choose the option you are going to be less tempted to dip in to, as well as the easiest.  If you deal mainly with cash, a jar is perfect, but if you will struggle to find the change, a bank account would be best. 

Automate your Savings

Automatic savings bots such as Monzo (who are big advocates of the challenge) allow you to automatically transfer increasing amounts using the free web service IFTTT, which stands for "If This Then That". This option can make the challenge relatively hassle-free, especially for those (like me) with a terrible memory.

Reverse 1p Saving Challenge

You can also reverse the savings if you would prefer to save more at the beginning of the year and less at the end, which is when you're likely to have more outgoings due to Christmas.   

How to get your FREE 1p Challenge Template

Well, that's the easy part! Simply click here and you can print the PDF off at the click of a button. You’ll be hitting your savings goals in no time!

We have loads of free printable templates available to help you with everything from Money Saving and Income tracking to Meal planning and Debt Management over on our Freebies section

Love Money Saving Challenges? Check out these...

100 Envelope Challenge

Monthly Saving Challenge

Spare Change Challenge

52 Week Saving Challenge

No Spend Challenge

Bingo Money Saving Challenge


If you found the 1p challenge free printables useful, gave it a go, or have any questions, please let us know in the comments below – and help inspire others...

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Claire Roach Founder & CEO @ Money Saving Central

Claire Roach Money Saving Central Founder

Claire is the UK's #1 'Online Shopping Expert', she is best known for creating sale date tracking to reveal UK sale dates so her followers are first to know when the next sale is due to land for their favourite stores - making her unpopular with major UK retailers!

Featured in major news outlets and TV shows such as 'This Morning', 'The Times Money Mentor' 'Closer magazine, 'The Guardian' and many more for posts such as the viral 'Kids Eat Free' and 'Supermarket 25% off Wine Deal Dates' promotions she features. Read More