Christmas 2017 - 1p Challenge

United Kingdom
January 3, 2017 11:19am CST
I've been writing about this and it seems to be a really popular idea so I thought I'd share it here. All figures are in £ and pence but you can adjust to suit your own currency! There are a number of ways you can save for Christmas. One great method is to save every day. The idea is that you put away 1p x the number of days of the year. So, today you would put away 1p. Tomorrow you add another 2p, on the third day you’d add a further 3p and so on. By the time you reach November 30th, you will have £559.45. That’s a whopping chunk of anyone’s Christmas money right there! It's a pretty painless way to get the savings going and although next Christmas may seem a while off, it's a fantastic feeling when you get there and realise it's all paid for.
5 people like this
6 responses
@inertia4 (27960)
• United States
3 Jan 17
Sounds like a great idea, the only thing is that people tend to forget to save for christmas this time of year. Because it is so far away now. But I think it is worth it if you ask me.
2 people like this
@PatZAnthony (14749)
• Charlotte, North Carolina
3 Jan 17
Heard about this long ago (high school?) but never tried it.
1 person likes this
• Preston, England
3 Jan 17
as long as you stay disciplined enough to do it not a bad idea
1 person likes this
@sishy7 (27167)
• Australia
3 Jan 17
I save my coin change every day and usually open them only at the end of year...
1 person likes this
@Traceyjayne (1784)
• United Kingdom
3 Jan 17
I know many people who do this and it really does help them. Just a word ....our £1 coins are changing soon and the old ones will be out of circulation by October so don't put those in the jar or you may lose the value if you leave it til November or December.
1 person likes this
@reskyyandi (3608)
• Indonesia
3 Jan 17
@mymoneycottage good idea but christmast is so far away
1 person likes this