Today on Facebook you may have seen our post asking “Would you rather have a million dollars or a penny doubled every day for thirty days?” and we’re here to tell you that the best choice is to have a penny double every day for thirty days. Don’t believe us? If you look below, you’ll see the break down of how it works:
Day 2: $.02
Day 3: $.04
Day 4: $.08
Day 5: $.16
Day 6: $.32
Day 7: $.64
Day 8: $1.28
Day 10: $5.12
Day 11: $10.24
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,886.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28
Day 29: $2,684,354.56
Day 30: $5,368,709.12
As the calculations above point out, saving penny by penny may not always sound appealing, but it can really add up! Saving money is always a smart choice, whether it’s for your future education, posterity, or a rainy day. Save now, thank yourself later! Contact us if you’d like to begin your own saving plan now.
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