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Pixie Knuckles
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Pixie Knuckles is offline
Scotland, UK
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07-02-2021, 02:05 PM
1

1p a day = over £600 in a year!

Gosh that title sounds like an advert, ha!

Anyway, I'm sharing a savings challenge which I found online last year. Basically you begin by saving 1p on day 1, 2p on Day 3, 3p on Day 3....all the way through to the final day of the year where your last amount to save will be £3.65. When you add it all up, you will have approx £667.00.

You can begin with the higher amount too, of £3.65 and work backwards if putting away a few pounds is difficult in December.

I tried this last year and it worked but haven't started this year. You can start anytime, providing you cover 365 days to get the full amount.

Not sure if I'm allowed to post links yet, but I'll try if anyone is interested to know more
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OldGreyFox
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South Yorkshire
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07-02-2021, 02:11 PM
2

Re: 1p a day = over £600 in a year!

Sounds like a cracking idea Pixie, and good fun too...I may start doing that because I've got loads of small change I just can't seem to get rid of with lockdown and everybody wanting paying by card. I'm off to sort out one of those large sweet jars I might have hiding somewhere...
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Jane10
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Jane10 is offline
United Kingdom
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Posts: 161
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07-02-2021, 02:18 PM
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Re: 1p a day = over £600 in a year!

What a good idea. I don't have any actual cash these days though. Mr Jane 10 has quite a stash though...
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Jazzi
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Lowestoft
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07-02-2021, 02:20 PM
4

Re: 1p a day = over £600 in a year!

I just sling all my spare change into jars anyway. The 1 and 2p, 5 and 10, and 20s. Sometimes I pour into a coin machine in the supermarket. I know you lose a percentage but it clears my purse, and goes towards shopping. I often count the coins to check when it’s worthwhile.
scot37
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Aberdeenshire
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07-02-2021, 02:47 PM
5

Re: 1p a day = over £600 in a year!

I haven't been using coins for nearly a year now. Everything is paid for by my debit card, even for a few pence.
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Mags
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Mags is offline
South West UK
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07-02-2021, 02:57 PM
6

Re: 1p a day = over £600 in a year!

I've been saving £2 coins and 50p's for a few years ...... I have been using cash since the lockdown so not saving anything at the moment.
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Percy Vere
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Percy Vere is offline
Wilds and woolly wastes of Staffordshire, UK
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07-02-2021, 05:38 PM
7

Re: 1p a day = over £600 in a year!

Originally Posted by Jazzi ->
I just sling all my spare change into jars anyway. The 1 and 2p, 5 and 10, and 20s. Sometimes I pour into a coin machine in the supermarket. I know you lose a percentage but it clears my purse, and goes towards shopping. I often count the coins to check when itís worthwhile.
You don't half lose a %age - 9.5 or 10% in the machines in Tesco.
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d00d
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London, UK
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07-02-2021, 06:29 PM
8

Re: 1p a day = over £600 in a year!

A Scotsman once advised me, the best way to double your money is to fold it in half and put it back in your pocket.
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Kazz
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West Mids
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Posts: 733
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07-02-2021, 06:47 PM
9

Re: 1p a day = over £600 in a year!

Originally Posted by Jazzi ->
I just sling all my spare change into jars anyway. The 1 and 2p, 5 and 10, and 20s. Sometimes I pour into a coin machine in the supermarket. I know you lose a percentage but it clears my purse, and goes towards shopping. I often count the coins to check when itís worthwhile.
See I used to when I had change jars to change use mine in the self serve cash till......
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Bathsheba
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Devon, UK
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07-02-2021, 06:55 PM
10

Re: 1p a day = over £600 in a year!

It is such a good way to save - probably worth starting it in September, so that you have the full amount three months before Christmas, which would be a great help! Sadly I never have any cash these days - with this pandemic everything is bought online or, on the rare occasions I venture into a shop I pay with my phone.
 
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