By Anushka F
Just a few pennies can add up to some serious cash. Here’s how to save over £600 in just one year.
If you always seem to have spare changing kicking about yet struggle to save money, I’ve got the best saving challenge for you. By putting away a few pennies throughout the year, you could afford a luxury holiday…or even save enough to cover the cost of Christmas this year.
Sounds pretty great doesn’t it? Well, grab a jar and get saving.
You put in 1p on day one and this increases as the days go on, so you put in the equivalent amount of pennies to the day of the year:
Day 1: Put in £0.01
Day 2: Put in £0.02
Day 3: Put in £0.03
Continue every day until…
Day 100: Put in £1.00
Day 101: Put in £1.01
Day 102: Put in £1.02
Keep going…
Day 200: Put in £2.00
Day 201: Put in £2.01
Day 202: Put in £2.02
Until you get into the 300th days when you…
Day 300: Put in £3.0
Day 301: Put in £3.01
Day 302: Put in £3.02
On the final day Day 365 (31st December) you will put in £3.65 and your jar(s) will have £667.95 in it.
This could also work well if you online bank, too. Simply transfer the amounts into a separate savings account.
Thanks for reading! If you have any interesting ways to save money, please feel free to leave a comment…
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