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Daily Mirror
Daily Mirror
National
Dave Burke

Clever moneysaving trick could help you save more than £660 in 2020

An ingenious moneysaving tip could help you set aside more than £600 over 2020 - by putting a tiny amount aside each day.

The method, highlighted by the Daily Star , is surprisingly simple.

And at the end of the year, you'll have £667.95 set aside.

It works like this - on January 1, put 1p into a jar.

The following day, put 2p aside, and keep on going all the way until December 31.

By adding a penny with each day that passes, the money will soon mount up.

You could pocket more than £600 over the year (Getty Images)

On the 100th day of the year, you'll be putting in £1, and by the 200th this will be up to £2.

By the end of October, daily contributions will be just over £3.

On December 31, the final contribution will be £3.65.

Of course if you're worried about an expensive December, the Daily Star points out, you could flip it around - starting with the biggest sum and working down to a penny.

That cash should leave you with more than enough for a big New Year's party, or even a holiday.

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