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flag A person saved £667.95 in 2025 using the 1p challenge, growing savings to £463.60 by October.

A person saved nearly £700 in 2025 using the 1p challenge, a method where one penny is saved on the first day, increasing by one penny each day. By year-end, savings totaled £667.95, with £4.66 in interest earned. The amount grew to £40.95 by March, £296.46 by August, and £463.60 by October. The challenge can be adapted to monthly contributions and is supported by tools like Monzo and Plum for automated transfers. It’s flexible, suitable for short-term goals like holidays or bills, and effective when kept separate from other savings.

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