I know lots of you are big fans/experts already! But we’ve put together a quick post explaining how to do the 1p Savings Challenge for anyone who hasn’t heard of it yet or wants to try doing it automatically with Monzo and IFTTT 
8 Likes
In my hunt for this on IFTTT, I came across the £1 savings challenge 
Similar concept but much more aggressive 
£1 per week on an increasing basis 
It’s great, if I can stick with it (and it’ll get difficult) I’ll have £1378 at the end of the year 
7 Likes
Hey Beatrice,
Great push from Monzo to get the word out about the way Pots and IFTTT can work together.
What I would say is what I’ve seen on twitter especially is that people are a little adverse to the permissions you agree to with IFTTT - maybe this could be addressed by Monzo so some more assurance is given to those who are a little uncomfortable with the permissions?
I love the penny challenge although I’m fairly certain I won’t make it past mid-November, that pot will be used for black Friday most likely!
3 Likes
And if you want to catchup… or do it in reverse, here are the current totals… (includes weekly/monthly breakdown cos I was bored)
4 Likes
@bea, I’d definitely have used this as an opportunity to shout about pot goals 
“You can see your progress against the 1p savings challeng using Monzo’s Pot Goals” 
3 Likes
Not sure if its intentional, but Weeks 26 and week 27 are the same amount. By week 52 shouldn’t the amount be £52?
2 Likes
Thank you! I must’ve messed up when I split it into two columns 
I’ve rectified that and updated the screenshot 
Nice spot 
3 Likes
Can’t use IFTTT with Joint Accounts though 
1 Like
Great to see monzo pushing IFTTT, hope we get more triggers though.
1 Like
Feeling the heat from dozens, i wonder 
I’ve been scooping it up weekly and dropping it in my Marcus account, might as well pick up a few more pence from the interest
1 Like
I’ve locked my 1p Challenge Pot. IF I can, on 1st January I’ll hopefully dump it (or some of it) to Marcus as well. Next year I’ll do it in reverse I think.
1 Like
I like this, and I was in the process of replicating the spreadsheet when I realised that it relies on quite hefty deposits in the last weeks of the year. There’s no way I could do this, so I’ve adjusted the premise so it peaks mid-year and then drops again. The return isn’t as hefty, but I think it’s more workable:
3 Likes
Yep, def don’t want IFTTT to access all of my data.
Would be a lot cooler if Monzo created it.
1 Like
IFTTT is of course entirely opt-in. Having spent an extensive amount of time working with them, they are culturally a similar company to Monzo and take privacy seriously.
Although the permissions list on the sign-in page is quite large, in practice IFTTT only currently are allowed by Monzo to access a subset of the things listed. We wanted to ask for wide up-front approval so that if we want to add more triggers and actions in future, you won’t be forced to sign in again and re-approve.
IFTTT will only access your data when there’s a need to (because you’ve set up an applet). The data they can access is also highly time-limited (48 hours of transactions, for example). They use the data in line with their privacy policy. You can go to Privacy policy - IFTTT to view an export of all the data they hold on you or delete all the data at any time.
7 Likes
Are you possibly able to provide the spreadsheet for this please, would love a tracking spreadsheet in that format!
Here you go 
I’ve exported my Google Sheets version and uploaded it 
Does this work with joint bank accounts?
1 Like
Unfortunately not
1 Like
Just wish it worked with Joint accounts. 