I came across this saving challenge a while ago and decided I'd give it a go this year. I actually missed starting on time but I've since caught up.
The idea is that you save 1p on day 1, 2p on day 2, 3p on day 3 and so on, until the last few days of the year you're up to £3.63, £3.64 and £3.65. By the end of this challenge you should have saved a total of £667.95.
I've decided to do it a bit differently. Instead of saving all the small amounts at the start of the year and the large amounts in December, I'm mixing it up a bit. I'll be saving various amounts throughout the year and to make life easier, I've printed off a chart, which I found on Skint Dad website, so that I'm able to cross off each amount as I save it.
I've also printed off a calendar so that I can cross each day off as the money for that day gets saved, I think I could easily forget to put my savings away sometimes and this will ensure that I don't.
I'm using Daniel's old pocket money jar to keep the money in but as it's loose change that's being saved, it's filling up fast. I might have to use something else once it's full.
I think this is a savings scheme that's quite affordable and will add up to a decent amount at the end of the year. Now I just need to decide what to spend it on.
Is anyone else joining in?