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What If I Saved Every £1 Coin?

What if I saved every £1 coin?

A pound coin is an object. That is its advantage over a standing order you never look at, and its disadvantage in a country that pays for more and more things by tap. This experiment still takes the jar seriously. Default six coins a week — a round £6 — for ten years, with interest off. If you do still meet cash, six pounds a week is £312 a year and a little over £3,000 in a decade. Optional interest is there if the jar is emptied into an account; it is not a reason to keep coins under a bed. MoneyHelper would rather you used an actual savings product once the jar is no longer a game.

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Results update as you move the controls.

6coins
10years
0%

0% for a jar. Any rate is optional and not guaranteed.

Your result

£3,120

in the jar

6 coins a week

Per year
£312
Coins in the period
3,120
Illustrated growth
£0
Rate used
0%

What does that mean?

6 pound coins a week for 10 years, with no interest applied, comes to £3,120 put aside. That figure is contributions only. A rate above zero is optional and not guaranteed.

Compare

3 a week£1,560
6 a week£3,120
12 a week£6,240

Compare scenarios

Physical coins, digital total

The model does not care whether the pounds are coins, round-ups on a debit card, or a weekly transfer of the same size. Six is a default that fits a cash-using week; if you almost never see a £1 coin, the honest slider position may be one or two. The spare-£10 experiment is the sibling for notes.

Jars do not compound

Leave the rate at zero and you are counting metal. A rate above zero assumes the coins are banked and then treated like any other monthly contribution. Inflation still gnaws at both versions. A jar on a shelf is particularly good at losing buying power, which is a charming way to store nothing much.

Small units are easier to start

Related daily and coffee experiments are the same psychology at a different denomination. If the jar works because it is visible, keep it visible. If it works because it is a number, a standing order will usually beat it. This page will not referee that.

How we calculated this

Weekly amount = coinsPerWeek × £1. Monthly equivalent = weekly × 52 ÷ 12, then the standard monthly annuity at the optional rate. This experiment provides estimates for educational purposes and is not financial advice. Actual results vary depending on rates, fees, taxes, inflation and individual circumstances. Coins sitting in a jar earn 0%. A positive rate assumes banking the habit and is not guaranteed.

Go further

A curated rabbit hole from this question. Each link is a real experiment, not a random suggestion.

  1. 01 · MoneyWhat If I Put Every Spare £10 Away?
  2. 02 · MoneyWhat If I Saved £5 Every Day?
  3. 03 · MoneyWhat If I Saved My Coffee Money?
  4. 04 · MoneyWhat If I Saved £100 Every Month?
  5. 05 · Your LifeWhat If You Reclaimed 30 Minutes Every Day?

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