I have been completely useless at the penny challenge. I don’t find it a convenient way to save money systematically at all. I don’t remember to put the pennies in or, if I do, I don’t have the cash available. It is far easier for me to simply transfer money from my current account into my savings when I get paid, so that is what I am focussing on doing.
We have been throwing our coppers in a jar in a less organised way, however, and today I took about half of them to Asda to use their Coin Star counting machine. You just feed them in and get a voucher out to take to the tills. It’s not free though -there is a 10% charge – but it saves having to count them up and finding time to get to the bank. I had almost £15 worth today and I think there is more silver in the next lot so I expect at least £20 when I take that in. I will put it towards this week’s shop!
I am still spending very little on anything except essentials so February is proving another extremely frugal month. The emergency and birthday/ Christmas/holiday funds are a bit less empty. It hasn’t been quite no spend month but it has been low spend. I did buy a new electric kettle in B&M as our lodger was struggling with the stove kettle. Too strange and old-fashioned!
Are you saving pennies? What are you saving for?