1p challenge

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
    oldernonethewiser Posts: 1,697
    First Anniversary First Post Name Dropper Combo Breaker
    edited 10 January at 9:47AM
    It is cumulative.

    Day 1 - put in 1p
    Day 2 - put in 2p
    Day 3 - put in 3p

    If you did 1p a day you would have £3.66 by the end of this year.
    Things that are differerent: draw & drawer, brought & bought, loose & lose, dose & does, payed & paid

  • baser999
    baser999 Posts: 1,074
    First Post Name Dropper First Anniversary Combo Breaker
    edited 10 January at 9:56AM
    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
Meet your Ambassadors


  • All Categories
  • 341.4K Banking & Borrowing
  • 249.6K Reduce Debt & Boost Income
  • 449K Spending & Discounts
  • 233.7K Work, Benefits & Business
  • 605.8K Mortgages, Homes & Bills
  • 172.3K Life & Family
  • 246.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards