The money saving plan could help you pocket £667.95 by next Christmas
People are being encouraged to take the Martin Lewis backed 1p challenge to save more than £600 before next Christmas. The programme will save participants an extra £667.95 by December 21, 2023 if they start it in the New Year.
As reported by the Manchester Evening News, Finance guru Martin Lewis previously told viewers on the ITV Martin Lewis Money Show in 2021: "There’s a big savings community out there who do this, it’s called the 1p challenge. Basically, you save a penny on the first day of the year in a jar or piggy bank, 2p on the second, 3p on the third and keep going throughout the year - by the last day of December you’re saving £3.65, so that would give you £667. 95 in total.
The challenge is also outlined on Lewis' Money Saving Expert website, with it stated to be one of the most popular methods on the MSE Forum, being "a clever, fun and relatively painless way to amass a surprising sum." In the challenge an additional penny is put away every single day, which over time will accumulate into hundreds to spend in 2024.
If you start on New Year's Day, then by December 31, 2023 you will have saved a grand total of £667.95.Double the amount on day 200:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man bags more than £6k after following Martin Lewis' MSE adviceJoel says he is £550 better off a month now after following the piece of advice on the website
Read more »
How Martin Lewis advice helped one woman recover almost £3000Martin Lewis helped a woman recover almost £3000 in savings using one simple trick according to the Money Saving Expert newsletter.
Read more »
The 1p challenge backed by Martin lewis will save you more than £600The 1p challenge backed by Martin lewis will save you more than £600 before next Christmas
Read more »
From Lewis Capaldi to Love Islanders - Scotland's most influential TikTokersFrom Love Island stars to Lewis Capaldi - who is Scotland's most influential TikToker?
Read more »
Ralf foresees Mercedes vacancy if George Russell beats Lewis Hamilton againMick Schumacher could become part of the Mercedes line-up if George Russell beats Lewis Hamilton in 2023, says Ralf Schumacher.
Read more »
Fury says Rahman KO of Lewis peaked interest in boxing but Hatton inspired himTyson Fury is an inspiration to many today, but before he became heavyweight world champion he had his own idols. There is a hotly contested debate among boxing fans as to who is the greatest Briti…
Read more »