Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Liverpool Echo
Liverpool Echo
Business
Grace Hoffman & Kate Lally

Spare change challenge sees woman save almost £700

People up and down the UK continue to bear the brunt of the cost of living crisis with many of us looking for ways to save where we can.

With the price of food, petrol, energy bills, and other things soaring, people are becoming more creative with ways to cut back where possible. One woman has managed to save hundreds of pounds after spotting a trick on Money Saving Expert 's advice page.

Taking the phrase "every penny counts quite literally", TikToker @lucybesant joined other budding money savers to participate in the popular 1p saving challenge - but made sure to add her own unique spin on the interactive method, the Mirror reports.

READ MORE: Dad in court for offering daughter £5k amid cost of living crisis

Those who are looking to take part in the handy tool will save a jaw-dropping £667.95. Lucy's TikTok video has already raked in more than half a million views to date.

Bravely admitting that she's "terrible at saving", Lucy detailed the handy tip over supergroup ABBA 's iconic tune 'Money, Money, Money', which was extremely fitting. She explained: "Good morning everyone, I've started the 1p saving challenge from Money Saving Expert, and I've just gone through my purse and found £2.86, £3.64, and £3.63, so now it's time to put it in the jar and cross it off my little sheet.

"I'm terrible at saving, so I think this is something that I can actually do! Once you cross them all off, you actually save £667.95, which is amazing!"

Lucy ticks off each amount, all the way to £3.65 (tiktok.com/@lucybesant)

The rules are straightforward, just tick one box off per day. Money Saving Expert's forum says: "The idea is perfectly straightforward and can be interpreted differently by many.

"You start by saving 1p on 1 January, then 2p on 2 January, then 3p on 3 January and so on – saving what you saved the day before, plus a penny more each day – right the way up to £3.65 saved on the last day of December.

"If you started on January 1, then by December 31 you'll have saved a grand total of £667.95."

Budding participants who are looking to get involved on their money-saving journey can find the download here

Receive newsletters with the latest news, sport and what's on updates from the Liverpool ECHO by signing up here

READ NEXT:

Vet shares five dog breeds he would never own

Six day warning for anyone with paper £20 notes featuring the Queen's face

Portugal travel update as covid rules change again

Holly Willoughby sends message of support to fellow ITV star

Strictly's doomed pairs and the blazing rows viewers didn't see

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.