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Mother shares easy money hack that saved her £650

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I saved £650 and bought all my Christmas presents thanks to a clever 1p savings hack

  •  Kate Richards, 33, uses a daily saving challenge to control her spending in year
  •  This totals £667.95, which the mother-of-one uses to buy Christmas presents
  • She saves 1p on January 1, which increases each day to £3.65 on December 31

A mother-of-one has shared a simple money hack which helped her save upwards of £650 for her family’s Christmas presents – and she saved as little as a penny one day.

Kate Richards, 33, from Huddersfield in West Yorkshire, has undergone the easy saving challenge for the past three years to help control her spending.

She starts by putting aside 1p on January 1, then 2p on January 2 and so on – with the total reaching £3.65 on December 31.

In a year, this builds up to a total of £667.95 – which is enough for Ms Richards to buy Christmas gifts for her whole family.

Ms Richards said she uses an app to automatically take the payments – so she doesn’t even notice the money being moved aside.

Kate Richards, 33, from Huddersfield in West Yorkshire, has undergone the easy saving challenge for the past three years to help control her spending. Pictured: Kate with her husband Iain and son Fred

Kate Richards, 33, from Huddersfield in West Yorkshire, has undergone the easy saving challenge for the past three years to help control her spending. Pictured: Kate with her husband Iain and son Fred

She starts by putting aside 1p on January 1, then 2p on January 2 and so on - with the total reaching £3.65 on December 31. Pictured: Kate's Christmas presents

She starts by putting aside 1p on January 1, then 2p on January 2 and so on – with the total reaching £3.65 on December 31. Pictured: Kate’s Christmas presents 

She added: ‘I’ve done it since 2019 and used it every year for Christmas shopping.

‘They also do it in reverse and start with £3.65 and go down. It links up to the bank and you get a notification each day, you don’t have to think about it and it’s great.

‘I already have all my presents wrapped and everything, it’s all done.’

Ms Richards uses the app IFTTT – which automatically saves an increasing amount of money every day – to help control her spending.

The teacher says she’s also used another idea touted by money saving expert Martin Lewis – a Secret Santa with her relatives instead of buying each person a gift.

Where she was previously spending £20 per person on seven people, totalling £140, the group of them now have a £50 limit in a Secret Santa game where they only have one person to buy for – cutting costs by almost a third.

The scheme starts with you saving one penny on the first day, before adding a penny every day for 365 days

The scheme starts with you saving one penny on the first day, before adding a penny every day for 365 days

In a year, this builds up to a total of £667.95 - which is enough for Ms Richards to buy Christmas gifts for her whole family. Pictured: The Richards family

In a year, this builds up to a total of £667.95 – which is enough for Ms Richards to buy Christmas gifts for her whole family. Pictured: The Richards family

The mother said: “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.

“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.

“I use a website called thingstogetme.com – you put your Christmas list in and send it to everyone and they can reserve an item which ticks it off so there are no duplicates.

“You find the item on Amazon, stick the link in and any extra info like colour or size and people can just tick it off, buy it, and it’s sorted.

“You can do a good range of prices – some presents were £4 and some were £40 – and I had loads on the lower end so people could pick and choose what they could afford and reserve it.”

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