The Round-Up Challenge

In a similar vein to the pence transfer challenge, the round-up challenge requires you to ‘round up’ the amount you pay each time you spend. This would mean that, if you were to spend £4.49, you’d transfer £0.51 into your savings to round your total up to £5.

If you don’t fancy doing the mental math yourself, lots of banks now have this feature built into their mobile apps, so you can switch it on and get saving straight away.

The Weather Wednesdays Challenge

This challenge, originally started by the personal finance blogger Trendy Money, is kind of ingenious – and with nine weeks left until 21 June, you could save up a decent amount of money just in time for summer.

To get started, all you need to do is open your weather app every Wednesday, record the average temperature (if you want to save more money, do it in Fahrenheit) and then transfer that amount of money to your savings pot.

As the weather warms up over the next couple of months, this is an easy way to put away a reasonable sum and make saving part of your weekly routine.

How to save money: 8 saving challenges to help you get started