How Much Money Will You Have If You Save 30 Fl Oz Bottle Of Pennies

If a penny saved is a penny earned, and then medical transcriptionist Leca Good is earning large. She's participating in the "Penny Jar Challenge."

Here'southward how it works: Every twenty-four hour period for a year (365 days), Skilful puts pennies in a jar equivalent to the number of days she has spent on the challenge.

Day ane = 1 penny

Day ten = ten pennies

Day 50 = l pennies

Mean solar day 100 = $1

Day 250 = $2.50

Day 365 = $iii.65

The pennies add up. By the terminate of the year, the Kansas mom should have at least $667 in her jar.

"If y'all just stay on meridian of information technology … yous'll only be excited to realize yous saved that much in a year," Practiced tells NBC News BETTER.

"I've learned that I tin relieve — I can totally in small, measurable amounts — I can save it and leave it alone."

Why it works

Good said the challenge is an easy manner to save because the daily deposits are modest.

"I recall because you showtime off with such a little corporeality and information technology's increased with such a trivial amount every day that it just becomes a addiction," she says.

Fifty-fifty your last eolith at the end of 365 days is going to be small, says Skilful.

"I mean past the time the terminal deposit you put in, it'due south going to be $3.65," she says, noting that's about what yous might spend on a beverage at Starbucks.

Stay consistent

The transcriptionist started her first Penny Jar Challenge in January 2016 every bit a New year'south resolution. To simplify the math, Practiced created a calendar that told her exactly how much she needed to deposit each 24-hour interval. (If yous don't want to do the math yourself, you can find complimentary printable charts online for download.)

Image: Leca Good holds a jar with change — Leca Good holds a jar with change. Courtesy Leca Proficient

"I was like 'Alright, I'g going to practice this, I'1000 going to stick with it every day,' and I did," she recalls.

The challenge for Good was remembering to make deposits, simply she turned it into a habit by tossing money in at the same exact time every mean solar day.

"I would merely say to stay consistent with information technology every day because if you get backside it does kind of feel like a pain in the rear to get caught up," she says.

The more than money she saved, the more than excited she was to put money in. Sometimes she'd even tossed in actress.

"I was like 'I'm going to make information technology, I got a whole jar full, I am going to make it!' So it simply got to be more heady at the end to see the jar get fuller and seeing that I'k actually going to do this and I'thou going have this nice little chunk of money," she says.

On the last day of the claiming, Good lugged $700 worth of alter — more than she anticipated — to the banking concern. She put it towards a Los Vegas vacation with her husband.

"I didn't use whatsoever credit cards on our trip because I had that $700 — information technology was more than enough," she says.

Keep your change in a large jar or container

If you use a small jar to shop your alter, it volition get full faster, which may tempt you to cash information technology in too presently, according to the 45-year-one-time.

"One of my friends manages a convenience store so she saved me one of the huge containers that their pickle savor comes in," says Good. "And I really had that container and another container half full."

Good recommends never having more than $10 worth of cash in your jar or you might be tempted to pilfer your savings. At that signal, it'due south a expert idea to exchange dollar bills for quarters, she says.

"It doesn't seem like that much if you have to take a couple dollar bills out, simply if you lot have to count out quarters you're less [likely] to raid your jar," she explains.

Mail your progress on social media

Good started the Facebook group Penny Challenge 2017 in January. She said information technology's encouraging to run into people posting about their penny jars and the progress they make throughout the yr.

"It'southward just fun to assistance other people and it'southward fun to kind of meet them," she says.

Skillful said she struggled to save before she started the claiming. Now she'south a bonafide penny pincher.

"I've learned that I can save — I can totally in small, measurable amounts — I can save it and get out information technology alone," she says.

Skillful plans to put the money she is currently saving towards a cruise with her hubby and son.

"I merely tell people if you do information technology one year I think you'll be addicted to it," says Good. "I tin can't imagine ever not doing information technology now because it'south so easy and it's fun."

How to do the "Penny Jar Challenge"

Every day for a twelvemonth, throw spare pennies in a jar. The number of pennies should be equivalent to the number of days y'all are on in the claiming (Solar day 1 = one penny; Day 2 = two pennies; 24-hour interval 3 = 3 pennies, then on).
The amounts will get larger as the days go past. Proceed a calendar or chart that tells you exactly how much to put in your jar each solar day.
Stay consequent. By putting the alter in your jar at the same time each day, you'll turn it into a habit.
Utilize a large jar or container and avert using bills. You won't be as tempted to spend your money or cash it in early on.
Mail your progress on social media. It's a great way to encourage yourself and others to keep saving.