Save £667.95 a year with the 1p Saving Challenge

Partially for me because at least for the first half of the year I won’t notice the money coming out, so it’s additional savings.

For everyone requesting access to the Google Spreadsheet I shared? I’ve set it up to be viewable from the link.

So there shouldn’t be any need to request access?


Don’t forget it’s a leap year!

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I should probably update my spreadsheet to account for that.

I say ‘probably’ I won’t actually do that though… :joy:

I know this is an old post but it’s appeared on the blog again:

I liked the idea of these type of saving challenges however I always found that it’s easy in the beginning when it’s only £1 week 1. £2 pound week 2. But towards the ends it’s harder to find £40 to £50 a week to put away so instead I take the amount I want to save and average it out throughout the year.

E.g in your example of 1378. it’s easier to put away a set amount of £26.50 every week which would be the same amount. If you can’t start The year by putting £26.50 away a week from the get go then you definitely won’t be able to do the £40 to £52 a week needed in the months of November and December, especially during Christmas when money is tight.

Using a fixed amount I don’t need to use IFTTT and just set up a scheduled payment to a pot directly from the Monzo app to go out every Monday for 26.50.

The daily one starting at 1p I found it was also easier to average it out at £1.80 a day than start with 1p and towards the end of the year you looking for £3 everyday.

That aside these methods are getting people saving and it’s a good thing.

Or do the 1p/weekly ones in reverse?

Whatever works, all saving is good saving.


Agree there @gmclean. I didn’t quite get myself organised to start 1 Jan - but IFTTT working now and there is a £9 start in the pot. If I can avoid dipping into it I willl have a tidy sum for the festivities.

Do I have to start the IFTTT thing off again in 2021? R-

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I don’t think so, once IFTTT rules are running they won’t stop, so in theory 1p on 1st Jan 2021 will get processed.

In theory…

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Ok. Need to first test my will power in 2020. R-


Lock that pot, hide that pot! (I mean if you are on Android). Clearly those of us on iOS have enough willpower (or we’d be running Android phones ugh… :wink: )


iOS here - but I appreciate the support :innocent:. R-

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Anyones daily one take twice today? :thinking:

A quick note to remind you that you are free to access the Google Spreadsheet I shared here (it needs updated for 2020 being a leap year, I know, I know!) so you don’t need to request access directly, it’s shared via the link (and I don’t tend to grant access to people I don’t ‘know’, just in case).

No it didn’t @nathanthomson8. Did it happen again today? R-

Weirdly no… was just on sunday. Ah well its helped me save an extra 26p!


Mine didn’t but another daily saving integration I have in place via IFTTT worked twice this morning! Bizarre!

I’ve seen a few misses, a few taken at different times, etc. I put it down to part and parcel of relying on an internet connected set of services, one blip somewhere in the myriad of connections is all it takes I guess.

This was taken twice on mine today!

IFTTT confirms it as being ran twice; once at 08:00hrs and again at 08:09hrs, so 62p taken instead of 31p.

Only once for me.

IFTTT isn’t 100% reliable on this kind of thing and it does seem (anecdotally) to be getting worse?

Once for me also - so bang up to date with £4.96.

Are these IFTTT applets [this and Card Purchase] written by Monzo staff or clever people somewhere else?