The 1p Challenge

kah22

I was flicking through some IFTTT applets and came across this one. I paraphrase

Save 1p on the 1st Jan, 2p on the second 3p on the third and so forth putting in an extra 1p each day until on the 31st Dec you are adding £3.65 to the pot how much have you saved that year? There was more to the applet than that but I was wondering how much you would have in the piggy bank on the 31st Dec. 

I forget how to work it out.but I’m thinking 1p plus £3. 65 (£3.66) x 183 = £669.78 but I’m probably wrong !!

MovingForwards

£667.95, more if it's in a good interest paying account.

Look at the 52 week savings challenge if you want to save a few thousand.

kah22

It might be a good New Year challenge !

203846930

I think you may have posted this in the wrong place.

Blackberrycurved

This is in Debt free challenges it is called the 1p a day penny challenge and there is spreadsheet with all the amounts on it adds up to about £600 if I remember correctly and it's easier if you do the bigger amounts not in December. it's good.