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Tuesday, December 6, 2022

Save over £650 in a 12 months (with FREE printables)

In the event you’re determined to start out saving some cash – for any event – however your finances can’t stretch to £1 per week within the 52 week saving problem, how about attempting the Skint Dad 1p saving problem as a substitute?

First created at Skint Dad in 2015/2016, that is the unique 1p problem (up to date for 2023).

If you’re desperate to start saving some money – for any occasion – but your budget can’t stretch to £1 a week in the 52 week saving challenge, how about trying these saving versions instead?

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So many individuals have heard of the 52 week saving problem. In the event you haven’t, it’s fairly easy, so let me clarify.

The thought behind the cash saving problem is that you simply save an growing quantity per week for every week of the 12 months. In week one, you save £1; in week two, you save £2; in three, you save £3 till you’re saving £52 by the final week of the 12 months.

The primary few weeks are clearly straightforward as you’ll need to put away £10 out of your finances.

Nonetheless, by the top of the 12 months, you’ll be down the whole every week of £49, £50, £51, £52 (£202!!) – that’s some huge cash for any month, not to mention December.

In the event you’re skint, this may get actually arduous!

For me, this goal simply appears somewhat bit too far out of my consolation zone.

Though we’d have the ability to make the financial savings initially inside just a few months, our finances simply wouldn’t stretch anymore, and we’d fail.

If these are the sort of targets that you simply’ve been however really feel such as you’re setting your self as much as fail, then suppose once more!

The challenges could be simply tailored for the skinter folks of the world, and the Skint Dad 1p Saving Challenges are even simpler to do!

Glad saving – say goodbye to being skint!

Skint Dad’s 1p saving problem for 2023

As a substitute of attempting to over-save, why not attempt the same saving problem by saving only a penny at a time (nonetheless growing each day)?

So there are a few of you saying, “Only a penny? Are you loopy? There’s no likelihood you’d save something saving a penny a day!”

However might I?

Nicely, one penny provides up rapidly.

In a 12 months, it can save you practically £700 by placing simply 1p away on day one, 2p on day two….you get the concept.

For a traditional (365 day) 12 months, it can save you £667.95; in a intercalary year, it can save you £671.61.

How a lot has been saved?

Greater than 16 million folks within the UK have financial savings of lower than £100, based on a research by the Cash Recommendation Service.

With out even attempting, the 1p saving problem can simply see you hit £100 in financial savings!

It is a actually in style problem, and it’s modified how persons are saving cash.

Within the final 12 months alone, if everybody who accessed our free 1p saving problem printable managed to avoid wasting the total quantity, there could be a collective financial savings whole of…

…drum roll, please…


£36 million kilos! 

Now I’m not saying that everybody hit on the print button, or that everybody managed to avoid wasting for your complete 12 months, however simply think about in the event that they did.

It simply goes to point out the potential sum of money we might collectively save – simply by saving your pennies!

Plus, the Skint Dad 1p problem has been so in style that it’s been picked up through the years by the press and a great deal of different cash websites, who clearly suppose this fashion of saving rocks, which suggests much more folks can be saving cash.

2023 1p problem – free printable

By in style demand, the Skint Dad 1p Problem suits onto one A4 sheet.

Downloadable PDF:  Skint Dad 1p Problem 2023

Downloadable Excel doc: Skint Dad 1p Saving Problem Excel doc 2023

This’ll assist save your printer ink, paper use and can imply fewer issues to lose.

We’ve nonetheless received all the most effective options that you simply’ve instructed us you’re keen on.

You’re in a position to tick off every of the three hundred and sixty five days as you go, and also you’re in a position to observe how a lot you’ve saved alongside the way in which.

Skint Dad 1p Saving Challenge printable 2023

In a intercalary year, whereas some folks get to have a birthday for the primary time in 4 years, others suppose it’s fortunate for a lady to suggest to a person. Relating to a financial savings problem, it means it can save you extra.

It can save you an additional £3.66 in a intercalary year, which means the whole it can save you is £671.61. We alter the printable for an additional day for financial savings and can share the intercalary year chart once more in 2024.

Need assistance with the 1p problem?

Many individuals began the 1p saving problem at the start of the 12 months, however just a few of you’ve got began to battle.

Don’t get postpone!

We’ve received loads of tricks to preserve you on observe so you’ll be able to nonetheless save £667.95 by the top of the 12 months.

One technique to give your saving journey some further hearth is to resolve on a selected saving aim.

You’ll be further motivated not just for the sake of spending much less but in addition by having the ability to do or have stuff you didn’t suppose have been attainable.

And, to assist get your financial savings transferring even sooner, The Cash Builders has loads of concepts to assist develop your cash sooner with ideas round incomes extra out of your profession or discovering the right facet hustle.

For extra inspiration, listed below are some bucket listing adventures that can provide help to visualise what is feasible, even while you’re beginning with pennies!

Need to save in a different way? Strive an alternate financial savings problem

Undated 1p saving problem – to make use of at any time of the 12 months

In the event you’re a fan of our outdated codecs, we’re not going to do away with them – don’t fear.

365 Day Penny Saving Challenge

Listed here are the earlier variations:

Downloadable PDF: Skint Dad 1p Problem

Downloadable Excel doc: Skint Dad 1p Problem


Backwards 1p saving problem

Do you suppose you’ll discover it too arduous to avoid wasting the bigger sum of money in December?

With Christmas looming having extra cash to avoid wasting might be a bit powerful for some so, by in style demand, I’ve turned the entire financial savings template backwards.

This implies you’ll begin by saving £3.65 on day one, £3.64 on day two and by the previous few days you’ll be placing away simply pennies.

Undated to make use of at any time of the 12 months

Downloadable PDF: 365 Backwards 1p Saving Problem

Downloadable Excel doc: 365 Backwards 1p Problem

365 pennies – saving weekly

52 Week Saving Challenge

Saving every day will get tougher as every day goes on (does anybody have that many coppers?!)

As a substitute, why not do that tailored model (plus this solely takes one web page to print). Relying on how a lot you’ve received spare every month, this can be a bit arduous while you attain the ultimate weeks. The final month it is advisable save £101.79 to hit the goal.

Downloadable PDF: Penny Saving Problem Weekly

Downloadable Excel doc: Penny Saving Problem Weekly

Save £650 – for the finances aware

Save 650 in a year

Saving cash could be powerful!

In the event you don’t have a ton of additional money left after paying all of the payments, placing something away can seem to be an actual stretch.

When you have a decent finances I do know simply how tough it’s to have altering quantities popping out of my financial institution every week. As saving can show tough, how about simply saving the identical quantity every week as a substitute – you’ll nonetheless obtain a £600 saving!

I believe this may be the simplest one to do. I do know the concept of saving with a 52-week problem appears to be like fairly enjoyable, however saving the identical quantity is much simpler when it comes to budgeting and it’s simpler to arrange a standing order.

Downloadable PDF: Save £650 a 12 months

Downloadable Excel doc: Save £650 a 12 months

Clean template – 52 week saving problem

If you wish to save roughly every week you then don’t need to do the quantities I recommend. As a substitute, use this template 52 week saving problem crib sheet and enter your personal determine.

The stability will work out your annual financial savings quantity for you.

Downloadable Excel doc: Template 52 week saving problem

Simple cash saving

chip savings

The 1p financial savings problem isn’t for everybody.

As a substitute, save your cash with the Chip app. 

Chip works out how a lot you’ll be able to afford to avoid wasting, with out leaving you skint.

Discover out extra in our Chip overview.

Bear in mind, every picture could be opened as a PDF for simple printing or you’ll be able to obtain them without spending a dime as a spreadsheet. In the event you’re anxious about downloading the paperwork please contact me and I’d be joyful to e mail you the doc as a substitute.

£16 free after cashback

Get your financial savings off to an awesome begin.

Be a part of the Skint Listing e-newsletter the place every week we’ll be sharing unique content material, money-saving guides, further revenue concepts and superior competitions.

We’ve additionally managed to blag an unique £16 cashback supply from Quidco for our new subscribers.

Associated articles:

Don’t simply consider these saving objectives as one thing it is advisable begin on 1st January as a New 12 months decision, and even on the primary of any month.

There aren’t any dates on a few of the charts and so they have been left off on objective.

This then offers you the choice to start out them on any day, week or month that fits you.

Ricky Willis
Newest posts by Ricky Willis (see all)

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