Find out how to do Martin Lewis-backed 1p financial savings problem in 2026

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Your help makes all of the distinction. Learn extra For a lot of, the brand new yr is a time for a recent begin, making resolutions each private {and professional}. However some might also be contemplating a monetary decision for 2026, whether or not that be spending much less or saving extra.

Yearly, extra individuals are taking up the ‘1p saving problem’ to assist them do exactly that, kicking off on the primary day of 2026.

The pattern rises in reputation yearly, serving to savers put away over £660 by the tip of the yr, which they could not even realise has been saved away.

The year-long problem works by saving 1p on the primary day, then 2p on the second day, 3p on the third day, and so forth.

By day 30, savers can have £4.64, midway by means of the problem they are going to have £168.36, and by day 365, they are going to have saved £667.95.

<img src="https://static.independent.co.uk/2025/10/07/10/01/Martin-Lewis-shares-six-digit-code-you-need-if-your-phone-gets-stolen.jpeg" srcset="https://static.independent.co.uk/2025/10/07/10/01/Martin-Lewis-shares-six-digit-code-you-need-if-your-phone-gets-stolen.jpeg?quality=75&width=320&crop=3%3A2%2Csmart&trim=0%2C56%2C0%2C55&auto=webp 320w, https://static.independent.co.uk/2025/10/07/10/01/Martin-Lewis-shares-six-digit-code-you-need-if-your-phone-gets-stolen.jpeg?quality=75&width=640&crop=3%3A2%2Csmart&trim=0%2C56%2C0%2C55&auto=webp 640w" loading="lazy" alt="The 1p savings challenge has been backed by Martin Lewis’ Money Saving Expert team" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

The 1p financial savings problem has been backed by Martin Lewis’ Cash Saving Knowledgeable workforce (This Morning/ITV) Nevertheless, by the three hundredth day, savers shall be placing away over £3 each day, which is extra noticeable than just some pennies. For that reason, some choose to do the problem in reverse, beginning on the £3.65 most and dealing down.

The problem has been backed by Martin Lewis’ Cash Saving Knowledgeable (MSE) workforce, who describe it as a “intelligent, enjoyable and comparatively painless option to amass a stunning sum”.

Former MSE author Molly Mileham-Chappell described how she and her husband efficiently accomplished the problem a number of years in the past, saying: “Finishing the problem alone saved me £667.95 throughout the complete yr, so between the 2 of us we saved £1,335.90 over the 12 months. In the event you can afford to participate, do give it a go.”

To make the problem simpler, digital financial institution Monzo will as soon as once more allow prospects to enroll to participate within the problem on its app. It will see a certain quantity squirrelled away into an instant-access financial savings account on daily basis robotically.

Get a free fractional share price as much as £100.Capital in danger.

Phrases and circumstances apply.

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Get a free fractional share price as much as £100.Capital in danger.

Phrases and circumstances apply.

Go to web site ADVERTISEMENT

<img src="https://static.independent.co.uk/2025/12/31/14/16/Monzo-1p-spending-challenge-app.png" srcset="https://static.independent.co.uk/2025/12/31/14/16/Monzo-1p-spending-challenge-app.png?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/12/31/14/16/Monzo-1p-spending-challenge-app.png?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Monzo will once again enable customers to sign up to the 1p savings challenge on its app" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

Monzo will as soon as once more allow prospects to enroll to the 1p financial savings problem on its app (Monzo) These collaborating will even be entered right into a £10,000 prize draw, offering they efficiently full the problem by the tip of the yr.

Marc Sfeir, product director at Monzo stated: “Final yr, we noticed over one million individuals participate within the Saving Problem, proving that small steps can result in large wins.

“For 2026, we’ve made it much more rewarding – with new ranges, greater curiosity on financial savings, and naturally, we needed to convey again the possibility to win that £10,000. It’s all a part of our mission to assist individuals develop their cash with confidence and construct habits that make their cash work more durable.”

Prospects can begin the problem on the app anytime till 31 January 2026, and are capable of withdraw their financial savings, or pause or cease the problem, at any level.