We have a wondrous challenge for you to kickstart your savings in 2016! Without further ado, we would like to introduce you to the infamous QuidCycle Penny Challenge! We are taking the challenge at QuidCycle HQ and we want you to get involved too! Your jaw will certainly drop when you see how much you can save with very little effort.
Here is how it works:
On Day 1, you put 1p away into your savings jar. On Day 2, take a deep breath and drop 2 pennies into the jar. Day 3, wipe the sweat off your brow and part ways with 3 pennies. You get the gist? You start with 1p and then each day, add 1p more compared to the previous day. If you follow these steps, you will wrap up the year putting £3.65 into the jar on the last day, Day 365. That’s only one journey on your Oyster Card!
Now for the jaw dropper - at the end of the QuidCycle Penny Challenge you will have saved an amazing £667.95! That’s your Summer holiday paid for. Could even be your Summer holiday for two! Incredible stuff! OR if you are thinking about saving in the long-term for that dream house or take on further education, there’s no need to look any further - QuidCycle has the investment options for you! Check out here at www.quidcycle.com/invest. Your capital is at risk with peer-to-peer lending.
Good Luck QuidCyclers!
Disclaimer: The above information does not replace financial advice. Please ensure you seek independent financial advice before making any decisions regarding your finances. We also recommend that you carry out your own research to ensure that this is right for your own unique circumstances.