The 1 Cent Challenge is a really easy way to save money, especially if you’ve struggled saving money in the past. If you’re looking to save for a holiday, to buy shares or just to put some money aside in an emergency fund, you should try this challenge.
How the 1 Cent Challenge Works
You start on day one by saving just 1 cent. On day two, you save 2 cents, on day three you save 3 cents. Got the idea? Basically you just increase by 1 cent each day.
While it doesn’t sound like a lot to begin with, over the course of a year it will start to add up. In fact by the end of the year, you will have saved over $670!