I know at the start of the year things can feel a little bit…lacking. But never fear!
This handy technique is the perfect way to put some money aside and start saving in 2018.
The one penny challenge is pretty simple, basically on the first day of January, you put in one penny, on the next day you put in 2 p, on the next day you put in 3 p, and so on and so fourth.
By the last day of the year, you will be putting in £3.65!
Although parting with £3.65 does not seem that drastic, you would have saved £667.95! Brilliant!
If you are worried that by the end of the end you may be running low on funds, then you can simply reverse the system, for example, start paying in £3.65 on the first day of January, so that you can end the year putting in just one penny!
By the time Christmas roles around you will have enough for a trip away, for all your Christmas presents, and maybe even a little bit left to enjoy all those Christmas sales!