If you don’t think pennies are worth anything, then think again. My son’s school just had a penny war challenge for a fundraiser and they were able to raise over $1000 by collecting pennies from elementary-aged kids. Furthermore, in this 52-Week Money Challenge using pennies, you can come close to that amount by saving pennies yourself. In fact, at the end of the 52-week money challenge, you will total out at $667.95. – Not bad for saving your spare change.
This money challenge is unique in that you can save your spare change and end your year with a nice chunk of change. However, toward the end of the challenge when you start adding $20 to your fund, you may want to switch to dollars or start cutting out some of the “want” areas of your budget to help you stick with it.
If you have heard the phrase “A penny saved is a penny earned” then you know money is money. No matter how small it is worth something. The truth is pennies can add up over time! Not to mention, the bank agrees with me and will accept penny deposits. However, most banks do not accept loose change unless you roll the coins yourself. But hey, if you start saving your pennies now, by the end of the year you will have over $600 in your savings account.
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