Looking to fulfill your savings goals this year? Consider taking on one of these challenges for 2026.
These challenges range from starting with a modest 1p saved on the first day to potentially amassing nearly £7,000 by the year’s end with more ambitious approaches.
The method of saving is up to you – whether you opt for a digital savings account or the traditional method of stashing away coins and notes in a jar.
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The £1 savings challenge involves setting aside £1 each day, resulting in a total of £365 saved by the year’s end. If you prefer to save less, committing to 50p daily would yield £182.50 by the end of the year.
In this challenge, the amount saved increases by 1p each day. Starting with 1p on January 1, the savings escalate to 2p on January 2, 3p on January 3, and so forth, culminating in £3.65 saved on December 31.
Completing this challenge would result in a total savings of £667.95 by the end of the year. Even if stopped at the halfway point in June, savings would still amount to £164.71.
Initiate the week by saving £1 on Monday and progressively increasing this amount by £1 each day until Friday – thus saving £2 on Tuesday, £3 on Wednesday, £4 on Thursday, and £5 on Friday.
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