Mum reveals everyday money hacks which saved her more than £650 last year

Mum reveals everyday money hacks which saved her more than £650 last year

A young mum has revealed the ‘penny a day’ hack which saved her more than £650 in 2022, after starting with just 1p on January 1 last year.

Kate Richards, 33, has used the same savings trick for the past three years.

She starts by saving 1p on 1 January, then 2p on 2 January, and so on, reaching £3.65 on 31 December.

This adds up to a total of £667.95 stashed away at the end of the year – enough to buy presents for all her family.

The mum-of-one, from Huddersfield, West Yorks., said: “It’s an app and it automatically transfers money into your account for you.

“At the end of the year you have £667.95 and you don’t notice it coming out every day.”

“I’ve been doing it since 2019 and used it every year for Christmas shopping.

“They also do it in reverse and start at £3.65 and go down. It links up to the bank and you get an alert every day, you don’t have to think about it and it’s great.

“I already wrapped all my presents and everything, everything is done.”

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

And the teacher says she has also used another idea put forward by money-saving expert Martin Lewis – a secret Santa with his relatives instead of buying each person a present.

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(Kate Richards/ SWNS)

Where she previously spent £20 per person on seven people, totaling £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.

She also uses a website called to organize Christmas lists for her son.

The site allows people to enter their Christmas list and links to items, meaning it can be passed around to friends and relatives.

And once a gift has been “reserved” by someone, it shows everyone viewing the list – meaning no risk of duplicates.

Kate said: “I bought for seven people at £20 each and instead this year we’ve done a Secret Santa with a £50 limit so you only spend £50 instead of £140.

“It’s more fun because you have to think about one person and what they really want – with one person you can think a bit more.

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

“You find the item on Amazon, plug in the link and any extra information like color or size, and people can just check it off, buy it, and it’s sorted.

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

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