The idea of saving can often feel difficult and seem too optimistic. You may even think “I just barely have enough to live on”, but saving doesn’t have to mean putting away £100’s a week or even a month.
The 1p saving challenge is a great way to ease yourself into savings, it will help you raise a generous sum of £667.95 in a year by saving penny’s a day. The idea of this saving challenge is to make it easier to save and ensure that you are not out of pocket by the end of the week. You simply begin by saving 1p on Day 1, 2p on Day 2, 3p on Day 3… it sounds easy right? You simply increase the amount by 1p per day until the maximum you are saving on one day is £3.65 and that is the final day of the challenge and by then you should have a grand total of £667.95 in your piggy bank.
Why not try it out now and see what your 1p’s add up to by the end of the year.
Have a look at our easy to follow guide where you can print it off and tick off the days as you go along.