Cosmopolitan (UK)

Pennies into pounds


Say you’ll save money every year, but just never seem to manage it? Then try this, the perfect option for those who can’t quite part with lump sums of cash. The 1p Savings Challenge is actually doable, as the aim is simple: just increase the amount of pennies you save each day by 1p for a whole year, starting with a single penny. So on 1st January, put 1p into a savings account. Then add 2p on 2nd January, 3p on 3rd January and so on. The most you’ll ever have to put aside on one day is £3.65, on 31st December. The result? A casual £667.95 to help start 2022 off with a smile (and a treat, presumably). Yes, it really is that easy.

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