1p a day

All my life I’ve been a spender, not a saver.

Pocket money, treat money, wages, windfalls, gifts, birthday money, eBay profits – I always manage to find things to spend it on.  I’d love to blame it on having spent 15 years working in a bank, but to be honest, I think the problem was there every before I held hundreds of thousands of pounds in my arms.

So, rubbish at saving.  Appalling.  World’s Worst.  Record breaker.  Hence my reliance on credit cards to cushion my fall, catch me mid-thrall and generally connect the financial dots of my life.  Oh and obviously I suck at repaying them.

So this year has to be different.  This year, in May I will be standing on my own 2 feet for the first time in 15 years – and this time without credit cards.  It’s my year of being an adult, becoming an adult, adulting.  And adults save, right?

penny challenge

Anyway, I found THIS graphic in my Facebook feed one day, and let’s say It Inspired Me.  A penny a day, growing by a penny each day – £600 by Christmas – it’s GENIUS in its simplicity.

Now obviously there’s a catch – by November you’re pretty much going to be saving £90 a month (yeh, NOT going to happen), but I figured that even if I manage to stick with it til September, it will be awesome.

But modern life isn’t helping.  A penny a day.  So easy!  Yeh except er there’s no cash in my purse.  I hardly pay cash for anything these days, so much so that there’s often cobwebs on that side of my purse so … that’s sort of taken the shine off the ritual of it, which I was looking forward to.  I had visions of me congratulating me on being an adult me every day.  Nope.

So we get to the end of the month, and although I’ve tipped random coinage in my jar throughout the month, I’m not on schedule … until now.  A quick dance with Excel tells me that January amounts to £4.96, so I have smugly put £5 in my jar.  And look at those coins too!  It means I am officially ahead.  HA!

DSCN9915

Please don’t take bets on me.  I know it’s unlikely to last, but I’m enjoying it while it does!

Hoorah!

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2 Comments Add yours

  1. Jen says:

    I’m doing this “challenge” too! 🙂 You could always try doing it backwards – start with the big number and go down each week – that way if you don’t complete it, you’ll have less loss! 🙂

    Like

  2. Bee Justice says:

    I’m an awesome saver but my husband is a spender! lol so we let me handle the budget! I think the best way to do it is in an account you can’t touch. There is an online savings account called Smarty Pig which you can set up to auto withdraw money from your account. You can set it to withdraw whatever amount you like and in any frequency you like. The great thing about it is that you can’t get the money out easily and it takes three days to deposit into your account when you cash out your pig so you can’t use it for impulse buys either! 🙂

    Like

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