The Penny Challenge

Are you feeling a little drained after spending too much on your Christmas shopping? Well, you’re not alone. Well, you don’t have to spend the rest of the year broke because with this saving challenge, you can start saving a lot of money. You can increase your bank balance without necessarily changing your spending habits.

Any average household in the UK has about 20 pounds lying around in bags, clothes, sofas and other nooks or crannies. The penny saving challenge is a good demonstration of how much you can save by just tucking away the spare pennies.

Each year you have 365 days and you can start by saving one penny from the first day then increase it to two pennies the next day. On the last day of the year you should have a total of £667.95! It’s a very low impact saving method that allows you to work towards paying for your wedding dress or holiday travel. If you’re always having trouble saving money, this is the right way to do it.

You can print it here.

Sophie Turner-Bennett

Sophie Turner-Bennett is a UK-based consumer deals specialist with more than a decade of experience tracking down genuine freebies, product samples, and exclusive discounts. Over the years, she has contributed to features in national newspapers, shared money-saving tips on BBC local radio, and helped thousands of readers secure offers that truly deliver. Every freebie featured on the site is personally checked by Sophie to ensure it’s legitimate, worthwhile, and hassle-free. Away from the desk, she enjoys discovering new independent cafés around London and chatting with locals about their best bargain finds.