Fundie-Lite Homeschool Fail

[SpeakNow]

A fundie-lite friend of mine posted this on Facebook, and several of her friends have applauded her and commented on her great idea. I'm just confused. Wouldn't they save $3.65 doing this for one year...not 667.95?

Am I missing something?

[sparkles]

You add a penny for each day--1 penny on day one, 2 pennies on day two, 3 pennies on day three and so on. I can't do the math but that total does seem right. 

ETA Here's a chart that 'splains it

http://www.savingadvice.com/articles/2014/01/01/1019727_365-day-money-challenge.html

[polecat]

17 minutes ago, SpeakNow said:

A fundie-lite friend of mine posted this on Facebook, and several of her friends have applauded her and commented on her great idea. I'm just confused. Wouldn't they save $3.65 doing this for one year...not 667.95?

Am I missing something?

They aren't just putting in one penny a day but adding pennies ... so 1 + 2 + 3 + 4 + 5 and so on. 

 

Here's a chart that may clarify the math a bit: 

https://www.pinterest.com/pin/195836283770897784/

[Jingerbread]

It's not one penny in every day.  The day of the year it is is how many pennies.  January 31 gets 31 pennies on that day.  February 1 gets 32.

[Ali]

Math nerd here. The total is correct for adding the amount of pennies equivalent to the day of the year to the jar each day.

(365 * (365 + 1))/2 = 66795 pennies or $667.95.

Here is the formula:

http://betterexplained.com/articles/techniques-for-adding-the-numbers-1-to-100/

 

[SpeakNow]

Ooops! I guess I misunderstood the task. I thought it was one penny each day. My bad!

[Jingerbread]

5 hours ago, SpeakNow said:

Ooops! I guess I misunderstood the task. I thought it was one penny each day. My bad!

Don't feel bad.  It's written in a bad way.

[FundiesInParis]

It's written out pretty poorly, but the math adds up. I was considering doing it myself  actually, I love little money savers like this.

[keen23]

I like the 52 week money saving challenge. $1 week 1, $2 week 2, up to $52 week 52. That's $1378.00 in a year.

[Childless]

Or just don't spend money on shit you don't need.  I save a ton of money that way.

[warriorblade8857]

Integral of "x" is 66613, so that number looks about right.

[singsingsing]

Well we got rid of pennies in Canada so I guess I'm screwed.

[samurai_sarah]

47 minutes ago, singsingsing said:

Well we got rid of pennies in Canada so I guess I'm screwed.

Why, Canada, why??? (Please spare me your well-reasoned arguments. This is purely emotional, and requires no reasonable answer. Also, sorry about sounding patronising. I just really like pennies, okay!!!11???)

[Fascinated]

7 minutes ago, samurai_sarah said:

Why, Canada, why??? (Please spare me your well-reasoned arguments. This is purely emotional, and requires no reasonable answer. Also, sorry about sounding patronising. I just really like pennies, okay!!!11???)

I tell you, it's wonderful!  I come to the States and I'm horrified that I have to deal with them again: 'What are these dirty little coppery things?'  Let's penny-free the world!

[samurai_sarah]

1 minute ago, Fascinated said:

I tell you, it's wonderful!  I come to the States and I'm horrified that I have to deal with them again: 'What are these dirty little coppery things?'  Let's penny-free the world!

But I like pennies...

[singsingsing]

32 minutes ago, samurai_sarah said:

Why, Canada, why??? (Please spare me your well-reasoned arguments. This is purely emotional, and requires no reasonable answer. Also, sorry about sounding patronising. I just really like pennies, okay!!!11???)

I have no idea. Probably something about saving money. Or something. It just happened a few months ago, so most people still have pennies floating around. You can still use them if you have them, they're just not being produced anymore. And I don't think businesses can give them as change? Not sure about that last one. I've got a few in my wallet but they may just be stragglers.

[sawasdee]

2 hours ago, singsingsing said:

I have no idea. Probably something about saving money. Or something. It just happened a few months ago, so most people still have pennies floating around. You can still use them if you have them, they're just not being produced anymore. And I don't think businesses can give them as change? Not sure about that last one. I've got a few in my wallet but they may just be stragglers.

That's how to round up prices!  No more 5.99, 9.99 etc. Just think, for almost  every purchase a penny extra - that will really add up for the big players, but the little people 'won't really notice'.

[warriorblade8857]

 

2 hours ago, singsingsing said:

I have no idea. Probably something about saving money.

If the penny is in circulation, the government has to keep making them (to replace ones tossed in fountains, lost down sewage drains, stamped into souvenirs, etc...). Unfortunately, pennies cost much more than 1 cent to manufacture, and they have very little purchasing power. They're just not worth it anymore.

[NotALoserLikeYou]

You forgot the best part!! She titled it "Josiah and I's homeschool project."

I's!!

[Rowan]

On 1/1/2016 at 5:32 PM, keen23 said:

I like the 52 week money saving challenge. $1 week 1, $2 week 2, up to $52 week 52. That's $1378.00 in a year.

If I were to do that, I would alternate weeks so in every two week period, you're saving $53 (Week 1 - $1, Week 2 - $52, Week 3 - $2, Week 4, $51, etc). Otherwise the months of November and December when you are already probably spending more money than normal are going to hurt - I usually don't have an extra $396 in the last eight weeks of the year to spare!

For a while, I was putting every $5 and a lot of $1s that I got in change in a bank. Except I don't typically use cash, and I prefer to tip in cash, so that wasn't successful as I would like. It did come in handy when I needed to reload the laundry card and didn't want to run to the bank for cash though!

13 hours ago, samurai_sarah said:

But I like pennies...

Yes! And without them, how can you do "Penny Wars?" This year at my work we raised over $5k for the food bank! (lots of competitive people) That doesn't include the company (partial) match and the canned food that was also donated and factored in. 

Also, for my wedding we are doing the "squish pennies" for different animals, and they will be attached to the place cards for people to find their table - animals, not numbers. (Wedding is at a zoo.) LOL being an official counter for Penny Wars helped me "buy" a lot of shiny new ones to use! 

[keen23]

I have a real aversion to dimes. I don't mind pennies, but I hate how inconsequential dimes feel. Like the change machine at the store yesterday gave me back 7 dimes and a nickle instead of 3 quarters, and I'm irrationally angry about a pocketful of dimes.

[Percy]

I just have a Christmas club account attached to my normal bank account.  Every fortnight when I get paid $100.00 gets transferred automatically. I can't touch it until November unless I approach the bank specifically. That gives me extra to spend at Christmas an for the girl's school books for the next year.

[Fascinated]

On January 4, 2016 at 1:46 PM, sawasdee said:

That's how to round up prices!  No more 5.99, 9.99 etc. Just think, for almost  every purchase a penny extra - that will really add up for the big players, but the little people 'won't really notice'.

That's true, but if an item is $1.26 you only pay $1.25. Massive savings right there!

[CyborgKin]

Canada minted pennies until 2012? Wow, Australia stopped making 1 and 2 cent pieces back 1990. (Not counting special mint sets.)  Some people want to get rid of the 5c as well.  I'd be okay with that.  They're annoying.

[mango_fandango]

We still do pennies in Britain.... 1p, 2p, 5p, 10p, 20p, 50p and then £1 and £2. I find 1p and 2p coins kind of annoying cos you can't do anything with them. They just hang around in your purse.