366 Penny Challenge

BeingDebtFreeStartsHere

We're doing the penny challenge too!! Plus, like many others have said, if we get a bit of loose change we throw this in too.
I may struggle as the amounts get bigger but am trying to continue at least until the end of October and use the money for Christmas pressies for the kids.

You can never start saving for Christmas too early!!

BDFSH x

Debtfreedolly

I'm doing this too with a specific goal to pay it off my smaller credit card at the end of the year I got a diary and wrote each day's amount in the square I then highlight them off as I chuck them in the pot - sometimes 3p sometimes £3.33 - that way I figure I won't end up with lots of £3 days all in one go so far I am ahead of myself by about three weeks worth of days

Scottishmummy

I worked out if you just put away £2 every day you will actually end up saving more than doing the penny challenge and you don't need to find £3.50, £3.51, £3.52 etc in December when it is already a difficult month.

Please_change_username_2

Great way to save and on last day, day 360 you will put in £3.60 but your total savings will be £649.80. Start any time good for you and keep at it. Good luck.

dreamywings1

Ive been doing this but in reverse. I started with £3.66 and working my way down and any extra loose bits of change I find I cross it off the lower ones too........Sort of doubled ended. My tin is almost full.

Debtfreedolly

I had a quick count up last night of my highlights days (I write all the daily amounts in a calendar and am highlighting off as I chuck them in the tin) and I am 60 days ahead of myself on the penny challenge not bad going as I don't spend cash to get change very often...

Baileys_Babe

I'm doing the challenge in reverse, starting at £3.66 & ending at 1p. Today I have over £180 saved:j Every day I make a payment a day (PAD) from my current account to my savings account.

greensalad

Sounds like a good idea. My question is where do you get the money from? I so rarely carry cash (only if I need it for a specific thing).

Do you just transfer it over from your bank account to your savings account?

Jessiepig

Debtfreedolly wrote: »

I'm doing this too with a specific goal to pay it off my smaller credit card at the end of the year I got a diary and wrote each day's amount in the square I then highlight them off as I chuck them in the pot - sometimes 3p sometimes £3.33 - that way I figure I won't end up with lots of £3 days all in one go so far I am ahead of myself by about three weeks worth of days

Similar to me. I've worked out how much is needed each week upto December lol. I too am putting in extra to get ahead and odd bits here and there. Quite excited about to :rotfl::j

Baileys_Babe

greensalad wrote: »

Sounds like a good idea. My question is where do you get the money from? I so rarely carry cash (only if I need it for a specific thing).

Do you just transfer it over from your bank account to your savings account?

Yes I do, as a SAHP & DFW I take all snacks, meals & drinks with us when we go out, so no savings their. I use the money I save by bringing things in under budget by shopping around, using discount cards and vouchers, delaying purchases until they are on sale, buying in bulk, reducing our gas & electricity consumption etc