My penny saving challenge means you’ll have £667 by the end of the year to pay for Christmas – it’s so easy too
PAYING for Christmas can be expensive, but there could be an easy way to put aside £667 by the end of the year.
People have been raving about the ‘penny challenge’ which means you save from 1p a day.
TikTok user Emma showed how you tick off a chart, which starts from 1p for day one and then increases by 1p for each subsequent day.
This means on day two you will save 2p, and on day three you’ll save 3p and so on, until you reach the end of the year.
This means the most you’ll ever have to save is £3.65 for day 365.
By the end of December, you’ll have £667.95, which could be perfect for paying for festive food and family presents.
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On her @life_withemma_, the woman shared how she got a savings jar and started to tick off the various sums on the chart.
She didn’t do it in order, and explained: “we raided our money boxes, put them together and started marking off what we had saved already.
“We tried to mark off as many of the big ones as we could.
From loose change around the house, they managed to do £40 in one go, but vowed to finish the whole grid to help with Christmas.
Emma added: “We just do it whenever we have change.”
Her video has racked up over 17,000 likes, and many people were impressed with her money-saving challenge.
One person wrote: “I wanna try this.”
Another person added: “So smart.”
And a third contributed: “I have done this this year, but backwards so you have to save less around Christmas.”
If you are inspired by this, there are a number of other cash-saving tricks to try.
One woman shared her easy 5p challenge which helps you to save £3,000 in a year.
Meanwhile, here are six savings challenges to take in 2024 and how you could save thousands.
