Piggy Bank On Top Of Pile Of Pennies

The Ultimate Money Saving Challenge

Here’s how you can save up to £1,500 a year without even noticing!

Whether you’re saving for a mortgage, new car, dream holiday or just want to have something for a rainy day, here are some easy ways to boost your savings without missing a chunk of money every month. Sound too good to be true? Check it out for yourself…

The Penny Challenge

Piles Of Pennies On White Background

Turn those pennies into pounds with this simple daily challenge which can save you £667.95 by the end of the year!

Day one you’ll put aside 1p, day two, 2p and so on until you reach day 365 where you’ll put away just £3.65. Your change will mount up without you even noticing and can be added to your savings or used to help out with Christmas.

The 52-Week Challenge  Pile Of British Notes And Coins

If you’re hoping to save slightly more, then the 52 week challenge could be for you! Save twice as much as the penny challenge and watch your savings rise.

All you have to do is put away £1 on week one, £2 on week two, £3 on week three and so on. This could be slightly more tricky as you get to the end of the year as you’re putting away £52 on week 52. But, you’ll save yourself a nice £1,378 by the end of the year!

The 365-Day Challenge

Three Growing Piggy Banks

Just like the penny challenge but putting away slightly more, this money saving trick will leave you with a whooping £1,456!

It works by putting aside £1 on Monday, £2 on Tuesday, £3 on Wednesday and so on until you get to £7 on a Sunday. Then, on the following Monday you’ll start again with £1. You’ll save £28 a week and £1,456 a year!

Remember:

Piggy Bank Icon
Keep a piggy bank or a penny jar for your loose change instead of stuffing it in draws or leaving it around the house. Remember the pennies make the pounds!

 

Piggy Bank Icon
If you have lots of spare change lying around or you want to cash in your money saving challenge, most banks have coin machines that will transfer your change into your bank account for free.

 

Piggy Bank Icon
Beware of coin machines that charge you for exchanging your loose change. Some can charge a fee of 9.9% which means for every £1 you put in, 9.9p will be taken off.

 

For more money saving advice, here’s how are 20 simple ways to save money around the house.


Tags: , ,

Related Posts

Leave a Reply