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Looking for something fun to do with your kids? Consider starting a penny challenge! Even if it’s not January 1st, you can still start. Begin any day of the year, collect pennies, and after 365 days you will have saved almost $700! I made a cute little label that you can print and put on your penny-saving container:)
So here’s how it works (this is a great math activity for kids). On day 1, save 1 penny. Then on day 2, save 2 pennies. On day 3 you put in 3 pennies. The daily savings for this penny challenge is so little, the maximum you’ll have to set aside is just $3.65 in one day. The idea is to make saving gradual.
Have your kids figure out what other coins they can use as the days go on. For example, on day 50 you don’t really have to put 50 entire pennies in your savings jar. Ask your kids, “What other coins could we use?” Consider 2 quarters, 5 dimes, etc. Penny Challenge is the fun way to start saving money without breaking your budget!
This challenge is not only fun but also it has some hidden meanings and values to it. For example, this challenge teaches us that how conveniently we have forgotten the value money holds and also the quote that says “every penny counts”. It may help you realize that even the smallest changes in life can add up to big rewards.
Want this free cute label that I made? CLICK HERE for the printable
On the next screen, either download the image or drag and drop it to your desktop. Then print! I used colorful washi tape to attach it to our savings jar but use whatever you have.
The great thing about the challenge is it’s manageable. Happy Savings!