The 33-year-old explained that the by stashing away the pennies everyday she was able to save a whopping £667.95 by the end of the year
A money-smart mum has saved more than £650 for Christmas using a simple trick that involves putting away just 1p a day. Kate Richards says she will be using the cash to buy presents for loved ones this festive season after following the hack for the third year in a row.
Explaining how she does it, the mum-of-one said: "There’s an app and it automatically moves money into your account for you. By the end of the year you’ve got £667.9 and you don’t notice it coming out everyday. To help manage the savings and make sure she doesn't miss a day, Katie uses an app called IFTTT. It automatically transfers an increasing amount of money on a daily basis, which helps control spending and makes it easier to build up a nest egg.
"I was buying for seven people at £20 each and instead this year we’ve done secret Santa with a £50 limit so you’re only spending £50 rather than £140,” said Kate. “It's more fun as you have to think about one person and what they would really like – with one person you can think a bit more.
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