How Saving £5 a day could transform your finances

At Loqbox, we believe that making your money work harder doesn’t need to be complicated. That’s why we’re excited to introduce the Saver Fiver Challenge — a simple, flexible way to start building meaningful savings without overhauling your entire lifestyle.

What is the Saver Fiver Challenge?

The idea is simple: Save £5 a day — and watch how quickly it adds up over a year.

How you approach it is entirely up to you:

• £5 every day = £1,825 a year
  
  
• £5 during the 5-day working week = £1,305 a year
  
  
• £5 every weekend = £520 a year
  
  
• £5 one day a week = £260 a year
  
  

Whether you’re ready for an everyday commitment or prefer a pace that fits your lifestyle, the Saver Fiver Challenge is all about momentum and consistency. Tiny changes today could lead to something big tomorrow.

How to make it work for you

1. Get a little help from your phone
Set daily or weekly reminders using your phone to transfer your £5 into your savings account. A nudge at the right moment could make all the difference.

2. Automate your savings
Set up an automatic transfer to your savings account. Knowing that £5 is scheduled to move can be a great motivator to stick to your daily goal.

3. Choose a restricted savings account
To avoid the temptation of dipping into your savings, consider using a restricted access account. Out of sight, out of mind — and your savings stay safely growing.

4. Think micro-saving, not major sacrifices
Saving £5 doesn’t have to mean giving up everything you enjoy. It's about small swaps: making your coffee at home, walking instead of driving short distances, or skipping that extra streaming service. Small, manageable wins add up fast!

Everyday ideas to save your £5

Need inspiration? Here are just a few ways to easily hit your £5 savings goal:

• Make your lunch at home instead of buying out (£7–£10 saved)
  
  
• Skip one takeaway coffee (£3–£5 saved)
  
  
• Borrow a book from the library instead of buying new (£8+ saved)
  
  
• Walk or cycle instead of taking public transport for short journeys (£5+ saved)
  
  
• Have a games night at home with friends instead of going out (£15+ saved)
  
  

There are hundreds more ideas to help you squeeze that extra fiver out of your day without feeling deprived.

Why it works

The Saver Fiver Challenge helps you to tap into the power of micro-saving — setting small, realistic goals that feel achievable. Instead of setting a big, overwhelming target like "save £2,000 this year," just focus on today.
And when you focus on today? You build habits that last.

Ready to start saving?

However you decide to take on the Saver Fiver Challenge — all in, or step-by-step — you’re making moves toward a brighter financial future. And that’s something to be proud of! 

Small steps. Big changes. Your money, your moves.