The 1p Challenge

Image of piggy bank wearing sunglasses
All those pennies add up!
"You could save up to £667.95!"
  • | by Ross Harris

Welcome to Saving Grace, our hot new series bringing you some seriously sizzling saving tips. We’re kicking off with The Penny Challenge, which could see you save over £650 just from loose change

“But surely that’s not possible!” we hear you cry. Oh, but it is.

Follow these simple steps and you’ll be on your way to savings heaven in no time.

Simply saving an extra penny a day can make a big difference. Just put away 1p on day one, 2p on day two, 3p on day three, 4p on day four… you get where we’re going with this, right?

Just in case you’re not sure we’ve made this handy table to show you how much you should be saving each day.

If you don’t have a giant piggy bank with enough room for all those coppers you could use online banking to transfer the money each day to a savings account.

DayAmount to save (£)Total saved (£)
10.010.01
20.020.03
30.030.06
40.040.10
50.050.15
60.060.21
70.070.28
80.080.36
90.090.45
100.100.55
110.110.66
120.120.78
130.130.91
140.141.05
150.151.20
160.161.36
170.171.53
180.181.71
190.191.90
200.202.10
210.212.31
220.222.53
230.232.76
240.243.00
250.253.25
260.263.51
270.273.78
280.284.06
290.294.35
300.304.65
310.314.96
320.325.28
330.335.61
340.345.95
350.356.30
360.366.66
370.377.03
380.387.41
390.397.80
400.408.20
410.418.61
420.429.03
430.439.46
440.449.90
450.4510.35
460.4610.81
470.4711.28
480.4811.76
490.4912.25
500.5012.75
510.5113.26
520.5213.78
530.5314.31
540.5414.85
550.5515.40
560.5615.96
570.5716.53
580.5817.11
590.5917.70
600.6018.30
610.6118.91
620.6219.53
630.6320.16
640.6420.80
650.6521.45
660.6622.11
670.6722.78
680.6823.46
690.6924.15
700.7024.85
710.7125.56
720.7226.28
730.7327.01
740.7427.75
750.7528.50
760.7629.26
770.7730.03
780.7830.81
790.7931.60
800.8032.40
810.8133.21
820.8234.03
830.8334.86
840.8435.70
850.8536.55
860.8637.41
870.8738.28
880.8839.16
890.8940.05
900.9040.95
910.9141.86
920.9242.78
930.9343.71
940.9444.65
950.9545.60
960.9646.56
970.9747.53
980.9848.51
990.9949.50
1001.0050.50
1011.0151.51
1021.0252.53
1031.0353.56
1041.0454.60
1051.0555.65
1061.0656.71
1071.0757.78
1081.0858.86
1091.0959.95
1101.1061.05
1111.1162.16
1121.1263.28
1131.1364.41
1141.1465.55
1151.1566.70
1161.1667.86
1171.1769.03
1181.1870.21
1191.1971.40
1201.2072.60
1211.2173.81
1221.2275.03
1231.2376.26
1241.2477.50
1251.2578.75
1261.2680.01
1271.2781.28
1281.2882.56
1291.2983.85
1301.3085.15
1311.3186.46
1321.3287.78
1331.3389.11
1341.3490.45
1351.3591.80
1361.3693.16
1371.3794.53
1381.3895.91
1391.3997.30
1401.4098.70
1411.41100.11
1421.42101.53
1431.43102.96
1441.44104.40
1451.45105.85
1461.46107.31
1471.47108.78
1481.48110.26
1491.49111.75
1501.50113.25
1511.51114.76
1521.52116.28
1531.53117.81
1541.54119.35
1551.55120.90
1561.56122.46
1571.57124.03
1581.58125.61
1591.59127.20
1601.60128.80
1611.61130.41
1621.62132.03
1631.63133.66
1641.64135.30
1651.65136.95
1661.66138.61
1671.67140.28
1681.68141.96
1691.69143.65
1701.70145.35
1711.71147.06
1721.72148.78
1731.73150.51
1741.74152.25
1751.75154.00
1761.76155.76
1771.77157.53
1781.78159.31
1791.79161.10
1801.80162.90
1811.81164.71
1821.82166.53
1831.83168.36
1841.84170.20
1851.85172.05
1861.86173.91
1871.87175.78
1881.88177.66
1891.89179.55
1901.90181.45
1911.91183.36
1921.92185.28
1931.93187.21
1941.94189.15
1951.95191.10
1961.96193.06
1971.97195.03
1981.98197.01
1991.99199.00
2002.00201.00
2012.01203.01
2022.02205.03
2032.03207.06
2042.04209.10
2052.05211.15
2062.06213.21
2072.07215.28
2082.08217.36
2092.09219.45
2102.10221.55
2112.11223.66
2122.12225.78
2132.13227.91
2142.14230.05
2152.15232.20
2162.16234.36
2172.17236.53
2182.18238.71
2192.19240.90
2202.20243.10
2212.21245.31
2222.22247.53
2232.23249.76
2242.24252.00
2252.25254.25
2262.26256.51
2272.27258.78
2282.28261.06
2292.29263.35
2302.30265.65
2312.31267.96
2322.32270.28
2332.33272.61
2342.34274.95
2352.35277.30
2362.36279.66
2372.37282.03
2382.38284.41
2392.39286.80
2402.40289.20
2412.41291.61
2422.42294.03
2432.43296.46
2442.44298.90
2452.45301.35
2462.46303.81
2472.47306.28
2482.48308.76
2492.49311.25
2502.50313.75
2512.51316.26
2522.52318.78
2532.53321.31
2542.54323.85
2552.55326.40
2562.56328.96
2572.57331.53
2582.58334.11
2592.59336.70
2602.60339.30
2612.61341.91
2622.62344.53
2632.63347.16
2642.64349.80
2652.65352.45
2662.66355.11
2672.67357.78
2682.68360.46
2692.69363.15
2702.70365.85
2712.71368.56
2722.72371.28
2732.73374.01
2742.74376.75
2752.75379.50
2762.76382.26
2772.77385.03
2782.78387.81
2792.79390.60
2802.80393.40
2812.81396.21
2822.82399.03
2832.83401.86
2842.84404.70
2852.85407.55
2862.86410.41
2872.87413.28
2882.88416.16
2892.89419.05
2902.90421.95
2912.91424.86
2922.92427.78
2932.93430.71
2942.94433.65
2952.95436.60
2962.96439.56
2972.97442.53
2982.98445.51
2992.99448.50
3003.00451.50
3013.01454.51
3023.02457.53
3033.03460.56
3043.04463.60
3053.05466.65
3063.06469.71
3073.07472.78
3083.08475.86
3093.09478.95
3103.10482.05
3113.11485.16
3123.12488.28
3133.13491.41
3143.14494.55
3153.15497.70
3163.16500.86
3173.17504.03
3183.18507.21
3193.19510.40
3203.20513.60
3213.21516.81
3223.22520.03
3233.23523.26
3243.24526.50
3253.25529.75
3263.26533.01
3273.27536.28
3283.28539.56
3293.29542.85
3303.30546.15
3313.31549.46
3323.32552.78
3333.33556.11
3343.34559.45
3353.35562.80
3363.36566.16
3373.37569.53
3383.38572.91
3393.39576.30
3403.40579.70
3413.41583.11
3423.42586.53
3433.43589.96
3443.44593.40
3453.45596.85
3463.46600.31
3473.47603.78
3483.48607.26
3493.49610.75
3503.50614.25
3513.51617.76
3523.52621.28
3533.53624.81
3543.54628.35
3553.55631.90
3563.56635.46
3573.57639.03
3583.58642.61
3593.59646.20
3603.60649.80
3613.61653.41
3623.62657.03
3633.63660.66
3643.64664.30
3653.65667.95