The 1p Saving Challenge with IFTTT
Start with 1p and save your way to £667.95.
UK residents. Ts&Cs apply.
Save with Monzo
The 1p Saving Challenge involves saving a little money every day, starting with 1p. The next day you save 2p, the day after 3p. After a year, you’ll be setting aside £3.65 on the final day and have a total of £667.95 in savings!
By setting money aside little and often, the idea is you’ll find it easier to make room in your budget for saving, and start a habit you’ll hopefully continue.
How the 1p challenge works
Before you start you'll need a Monzo current account and an app called IFTTT. It stands for ‘If This, Then That’, and lets you link your Monzo account to other apps and set up rules to move your money around automatically.
Step 1
If you're not already a Monzo customer, sign up for a free current account.
Step 2
Head to our 1p saving challenge page on IFTTT to set up the challenge (for free). You'll need to log into Monzo and agree to some terms.
Step 3
Choose which Pot you'd like to put your savings in. Tap 'save' to get started!
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All with a free Monzo Current Account. UK residents. Ts&Cs apply.