Are you looking for a money saving challenge? Do you lose motivation and want a way to keep saving? Then why not try The Penny Challenge? It's a real simple way to save money and you can even have a little chart you can colour in as you go - nothing like a chart to keep you motivated!
The Penny Challenge
Money Challenges
I love to save money and make money and I am always setting myself little challenges throughout the year to help boost my savings and money making. I find that by setting myself a challenge or target, it motivates me and helps me save more.
I have a few challenges that I am currently doing. They are:
Challenge Type: Make Money
Challenge Details: Login every day to Prolific Academic to answer surveys . I love Prolific Academic and have already made over £79 just from answering surveys. You too can join in and sign up to Prolific Academic using my referral link .
Challenge Type: Save Money
Challenge Details: Reduce my grocery spend to £90 per week and record progress on my Reduce My Grocery Spend Spreadsheet. My grocery spend was going up and up and I decided to try to take it in hand. By meal planning and using apps that share deals on free or reduced food that refund you for purchasing certain products, I am hoping that I can reduce my spend.
Challenge Type: Save Money
Challenge Details: Project Kitchen – I am saving a regular £10 per month and then saving as much extra as possible using techniques like saving my change or skimming my bank account.
A new Challenge - The Penny Challenge
I have now decided to add another challenge into the mix – the WOW Free Stuff Penny Challenge .
It’s a really simple challenge where you save a certain amount each day for a year (the first day the amount is just 1p and the last day of the year is £3.65). At the end of the year you will have saved £667.95.
Many people start these challenges in the New Year but I am going to start this now. Each day I will log in to my online banking and transfer the required amount over to a separate account. At the end of the year, I will add this to my Project Kitchen savings. It will be a welcome boost to that account.
I have downloaded the Penny Challenge Sheet and will be colouring in each time I have transferred the money over. It will be great to watch the sheet fill up!
Start the Challenge Today
Why not start today by popping just 1p in a jar, or transferring 1p into a separate account. What will you do with £667.95 next year?
Why not pin this for later?
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