If your New Year’s Resolution is to start saving then The Swindonian is here to give you a helping hand.
The internet is currently awash with different challenges to help you ‘Save £000’s’ or to ‘Not spend £5 notes’ but the challenge that is more likely to last longer than your gym membership is the 365 day challenge.
The idea of this challenge is to make it easier to save and not put you out of pocket if you can’t afford to save a higher amount. You start by saving a penny on day 1, 2p on day 2, £1 on day 100 and £3.65 on day 365.
By increasing the amount by 1p each day you will end up with £667.95 at the end of the year. You could even start by saving the higher amounts first whilst you are in the saving mood.
Each day when you get up, when you make your breakfast or are about to leave the house put the amount into a jar and watch your money increase daily. Because its loose change you won’t really miss it and it will soon become a habit.
You could even transfer it from your bank account daily to a savings account if you don’t tend to have loose change on you. Whichever option you choose feel free to print out our chart below and start ticking off the savings as you go.
