I do the IFTTT reverse option so in December it is the smallest amount not the largest. If you can do the reverse I would switch off the IFTTT one.
5 Likes
Personally find this a really unappealing approach to saving (daily + constantly changing amount). But interesting to see that so many seem to like it.
7 Likes
I think it is great, my wife and I already have 12 pots between us, but it would be great to end the year with nearly £1,400 we can put towards anything we want. The monthly/final draw adds a fun incentive to keep going. Any idea when we’ll be able to sign up in the app?
Ive done this a few times before, didnt mansge to complete, but got as far as November because you know, life, lifes!
I see some suggesting to do in reverse, but id like to suggest doing it randomly (doing it this way was my most successful year!)
Print the daily amounts off, and put numbers 1-365 in a google generator, pay the amount that is drawn & tick the day off!
Obvs if a number already paid is drawn, draw again!
Even thiugh i didnt finish the challenge, doing it this way had my saving well over £500, i think close to £600.
Ill try again this year, but im not an extra/perks/max member so will miss out on the enhanced interest rate, but i do have a high interest savings pot already for my safety net, so will do this myself into that pot.
All the best everyone! 
5 Likes
Hi @EttaMay & welcome 
Keep trying & you’ll get there!
Good luck on completing 2025’s 1p challenge - however you choose to do it 
4 Likes
So in order to be entered into the £10k draw, you must have the £667.95 in the account in the final day.
However, for those that get paid interest due to be having a perks/max account, would that not mean you may have a little more than that in there? Or would the interest be paid into a different account?
Hey @Dore37 full details to come soon, but yes, as an Extra, Perks or Max user, you’ll get interest paid into your Challenge Pot (monthly), so on the 365th day you’ll have more than £667.95. For the £10k prize draw, you’ll need to have saved the full £667.95 over 365 days (excluding any interest).
4 Likes
@r4chr0se 100% we get it (going through it now). We factored that in by making the challenge fully flexible. You can take a break by pausing the challenge, or stop it anytime. If you pause, we’ve made really simple to catch up by adding money later. So you can do the challenge at your own pace. And no matter how far you get, you’ll be saving regularly!
1 Like
@Ambassador_Spock I like that team spirit! 
I’ll be back here to let you know as soon as it’s available to sign up in January.
What about people who have Monzo Premium that haven’t/don’t want to upgrade to Max?
1 Like
@Mogolent no, if you’re overdrawn, the deposits will not be made. Plus if you miss 3 consecutive deposits (e.g., you don’t have enough money in your personal account), the deposits will pause automatically, but you can always catch up again later.
3 Likes
@Alex.P You can still join the 2025 challenge by 31 Jan 2025 and also be eligible for the £10k prize draw.
1 Like
I really think you should consider the option to do this challenge in REVERSE order. Hear me out.
Most people will not complete this, and will drop out part way through due to the massively exponential cost. Assuming you get paid monthly so factor this as a monthly cost - January is great it only costs you about a fiver, but by April it’s £30, June £50, and if you reach Dec - that is gonna cost you £108!
So my idea would be to frontload the bigger cost so every month this challenge gets cheaper and cheaper - I reckon a lot more people would be motivated by an ever decreasing amount to pay out… if they ok with a few upfront expensive months.
Just my 2 pence 
2 Likes
Hate to be pedantic but the cost scaling is linear, not exponential… The savings is exponential but the cost is not. I imagine the thinking is you are only increasing the amount you are saving by around £10 per month - if you could afford to set aside £61.07 in July, then setting aside £70.68 in August shouldn’t be a huge stretch.
2 Likes
Scroll up a little and you’ll see they already have
3 Likes
I’m not getting the option to opt in. Am I missing something? Max solo account.
It would appear some account holders already have the option in-app.
My daughter has had the info at the top of the main screen on log-in for at least a day now
1 Like
Yep it’s at the top of my app at the moment.
1 Like
… but still nothing for me.
We’re just informing everyone that it’s coming soon n January! I’ll be back with an update when it’s shipped. 
13 Likes