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The phrase "every single penny" is correct and usable in written English.
It can be used to emphasize the totality of a small amount of money, often in contexts related to finance or budgeting.
Example: "I saved every single penny I could find to afford my dream vacation."
Alternatives: "every last cent" or "each and every dime".
Exact(60)
But still, every single penny counts.
"Rwanda counts every single penny," he said.
It costs £2.99 and is worth every single penny.
He was pretty tightfisted, because he had started with nothing and made every single penny himself.
"Every single penny of this cash would have been better spent on improving our children's service".
He said: "Every single penny will go into the sustained investment our roads so badly need.
Every single penny was well-spent and staff left feeling inspired time and time again.
The food isn't free but will be worth every single penny.
On a budget like this, you have to count every single penny.
But every single penny collected on the property value above the threshold goes to the state.
They'll save every single penny to go there on Christmas or on summer vacation".
More suggestions(3)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com