Christmas is done and dusted but there's no harm in starting saving for next year's festivities.
In a bid to save some cash for Christmas 2020, people have decided to take on the 1p challenge.
The challenge is a simple scheme to help people save over £650 in a year, Manchester Evening News reports.
It's done by putting a little bit of money aside each day, allowing people to build up their savings pot easily and without breaking the bank.
How does the 1p challenge work?
To begin with, you put in 1p on day one - you'll then put in the equivalent amount of pennies to the day of the year:
Day 1: Put in £0.01
Day 2: Put in £0.02
Day 3: Put in £0.03
Continue until...
Day 100: Put in £1.00
Day 101: Put in £1.01
Day 102: Put in £1.02
Double it on day 200...
Day 200: Put in £2.00
Day 201: Put in £2.01
Day 202: Put in £2.02
And continue until the 300th day...
Day 300: Put in £3.00
Day 301: Put in £3.01
Day 302: Put in £3.02
On the last day (December 31) put in £3.65 and it's time to cash in your jar.
If you've stuck to the plan you should have £667.95 in total.
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