Penny Challenge

Updated December 19, 2018.
Originally published December 2015. 

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:)

PENNY CHALLENGE - Begin any day of the year, collect pennies, and after 365 days you will have saved almost $700! Start today!

Penny Challenge

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.

PENNY CHALLENGE - Begin any day of the year, collect pennies, and after 365 days you will have saved almost $700! Start today!

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!

PENNY CHALLENGE - Begin any day of the year, collect pennies, and after 365 days you will have saved almost $700! Start today!

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.

Penny Challenge Main2

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!

6 thoughts on “Penny Challenge

  1. I have my kids doing them as well… they are each doing one at home and at their grandparents house! Hey… I’m even doing one with the spare change at work!

  2. Doing this for my grandchildren. End of each year will deposit into their bank account then give them there bank book when they either go to college or get married.

  3. will do this for my 2 girls and myself as well but it will work out to be different at the end as I live in Australia and I will be doing it for my self with $1 and $2 and for the girls it will be any money we have at the time in the house under $1

Comments are closed.

Instagram
follow @smartschoolhouse