Take The Penny Challenge to Save £667.95 by This Time Next Year!
Today I wanted to share with you a clever money-saving idea I came across on the excellent Wow Free Stuff website.
The Penny Challenge offers a painless way to save money every day – so in a year’s time you will have the substantial sum of £667.95 stashed away. That’s money you could spend on anything you like.
How It Works
The challenge itself is very simple.
On the first day you put aside one penny. Each day after that you add another penny to the amount you save. So on the second day you save 2p, on the third day 3p, and so on.
Over the course of a year (365 days) the amount you have to save each day is shown in the grid below.
As you will see, by the last day of the challenge you will have to find £3.65 – still an easily affordable sum. And once you have done that, you will have a total savings pot of £667.95.
This would be a great way to get your money-saving started painlessly in 2024. It will ensure that by January 2025 you have a handy sum set aside to pay for any large purchase you have set your heart on, and maybe treat yourself to a post-Christmas holiday as well!
Please let me know if you decide to take the Penny Challenge by posting a comment below. And, of course, if you have any other comments or queries about it, feel free to post them also.
Note: This is an updated version of a sponsored post for which I received a fee.