Commit to the 1p challenge and pay for next Christmas the easy way.

Committing to a savings plan can be difficult both mentally and financially, especially if you are struggling to live from payday to payday. The 1p challenge makes use of what is essentially spare change. Through the the year you will never need to save more than £3.65 at a time.

Here’s how to do it …

Start on the 1st of January and save 1p. On the second day of both January and of the year, save 2p. One the 3rd day, 3p and so on throughout the year. Save daily, the amount of pennies that correspond to the day of the year. By the time you get to day 100, you will save £1 and on day 200, £2.

Day 365 is where the magic happens …

At the end of the year you will have saved £667.95! That’s a lot of money for very little effort or hardship …

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