1p challenge

Tessie37

Hi, I'm confused about the challenge 

Am I right in Understanding you add a penny each day or do you save the previous amount plus a penny.

Ie. Using a Jar as an example

1st - you add 1p
2nd - you add 1p+ 1p
3rd- you add 2p +1p
4th - you add 3p +1p

Or is it add 1p each day? 

Can't quite grasp it...

oldernonethewiser

It is cumulative.

Day 1 - put in 1p

Day 2 - put in 2p

Day 3 - put in 3p

etc

If you did 1p a day you would have £3.66 by the end of this year.

baser999

I varied my challenge last year saving the first day (1p) together with the last day (£3.65) so effectively £3.66 every day. It cut the plan down to just six months but for some it might not be affordable as it works out at £25+ pw