The 1p savings challenge is a great way to teach children how saving adds up over time.
You start by saving 1 penny on day 1, then increase the amount by 1 penny each day:
Day 2 ⇒ 2p
Day 3 ⇒ 3p
…
Day 365 ⇒ £3.65
It works best if each day’s amount is added to a clear jar. Because the daily amount slowly increases, it feels easy at the start but builds momentum over time.
By the end of the year, your child will have saved a whopping £667.95.
