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

In the event you’re determined to begin saving some cash – for any event – however your price range can’t stretch to £1 every week within the 52 week saving problem, how about making an attempt the Skint Dad 1p saving problem as an alternative?

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 concept behind the cash saving problem is that you simply save an rising 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 must put away £10 out of your price range.

Nonetheless, by the tip of the 12 months, you’ll be down the overall 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 exhausting!

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

Though we’d be capable to make the financial savings initially inside a couple of months, our price range simply wouldn’t stretch anymore, and we’d fail.

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

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

Blissful saving – say goodbye to being skint!

Skint Dad’s 1p saving problem for 2023

As an alternative of making an attempt to over-save, why not strive the same saving problem by saving only a penny at a time (nonetheless rising 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 may I?

Nicely, one penny provides up rapidly.

In a 12 months, it can save you almost £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 bissextile 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 examine by the Cash Recommendation Service.

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

It is a actually widespread problem, and it’s modified how individuals are saving cash.

Within the final 12 months alone, if everybody who accessed our free 1p saving problem printable managed to avoid wasting the complete 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 all the 12 months, however simply think about in the event that they did.

It simply goes to indicate the potential sum of money we may collectively save – simply by saving your pennies!

Plus, the Skint Dad 1p problem has been so widespread 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 implies much more folks will probably be saving cash.

2023 1p problem – free printable

By widespread demand, the Skint Dad 1p Problem matches 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 bought all the most effective options that you simply’ve advised us you like.

You’re capable of tick off every of the twelve months as you go, and also you’re capable of monitor how a lot you’ve saved alongside the best way.

Skint Dad 1p Saving Challenge printable 2023

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

It can save you an additional £3.66 in a bissextile year, that means the overall it can save you is £671.61. We modify the printable for an additional day for financial savings and can share the bissextile 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 a couple of of you may have began to wrestle.

Don’t get delay!

We’ve bought loads of tricks to hold you on monitor so you may nonetheless save £667.95 by the tip of the 12 months.

One solution to give your saving journey some additional hearth is to resolve on a selected saving aim.

You’ll be additional motivated not just for the sake of spending much less but additionally by having the ability to do or have belongings 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 suggestions round incomes extra out of your profession or discovering the proper facet hustle.

For extra inspiration, listed here are some bucket checklist adventures that may enable you to visualise what is feasible, even while you’re beginning with pennies!

Need to save in a different way? Attempt 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 below 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 exhausting to avoid wasting the bigger sum of money in December?

With Christmas looming having extra cash to avoid wasting could possibly be a bit robust for some so, by widespread 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 couple of 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 more durable as every day goes on (does anybody have that many coppers?!)

As an alternative, why not do this tailored model (plus this solely takes one web page to print). Relying on how a lot you’ve bought spare every month, this can be a bit exhausting while you attain the ultimate weeks. The final month you’ll want to save £101.79 to hit the goal.

Downloadable PDF: Penny Saving Problem Weekly

Downloadable Excel doc: Penny Saving Problem Weekly

Save £650 – for the price range aware

Save 650 in a year

Saving cash might be robust!

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

When you have a good price range 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 an alternative – you’ll nonetheless obtain a £600 saving!

I feel this may be the simplest one to do. I do know the concept of saving with a 52-week problem appears fairly enjoyable, however saving the identical quantity is way simpler by way of 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 kind of every week then you definitely don’t must do the quantities I counsel. As an alternative, use this template 52 week saving problem crib sheet and enter your individual 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 an alternative, save your cash with the Chip app. 

Chip works out how a lot you may afford to avoid wasting, with out leaving you skint.

Discover out extra in our Chip assessment.

Bear in mind, every picture might be opened as a PDF for simple printing or you may obtain them at no cost as a spreadsheet. In the event you’re frightened about downloading the paperwork please contact me and I’d be glad to e-mail you the doc as an alternative.

£16 free after cashback

Get your financial savings off to an excellent begin.

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

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

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Don’t simply consider these saving targets as one thing you’ll want to begin on 1st January as a New 12 months decision, and even on the primary of any month.

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

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

Ricky Willis
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