Hello Everyone,
Welcome to Saturday Savers Club with Susie-Saver!
What a week for news with El Salvador adopting Bitcoin as legal tender and Jeff Bezos heading for space in a rocket shaped to say it all:
Source Seriously? Can he take Richard Branson and Elon Musk with him?
As Marina Hyde (great writer) put it so succinctly:
it’s famously impossible to take a bathroom break during a rocket launch, meaning Jeff Bezos will soon experience what it’s like to be one of his warehouse workers. Or, as the Amazon boss put it last week: “To see the Earth from space … changes your relationship with humanity.” That’s hugely encouraging. I feel like we’re just one successful interstellar wormhole mission to a distant galaxy away from allowing employees to unionise. Source
Back in our own backyard, @eddie-earner's Saturday Savers Club post had the second highest number of comments on leofinance.io for our post on Saturday 5 June:
Source Way to go Saturday Savers - fabulous engagement!
Now then - this week's winners!
Every week, you have the chance to win EDS tokens for commenting. Last week we had comments from @gillianpearce @ericburgoyne @bearmol @justclickindiva @missaj @jfang003, @riandeuk, @bashadow, @solymi, @eythorphoto and @chrisparis.
We also had a little SPI challenge:
What's your favourite way of maintaining your momentum to keep saving?
Congratulations to @jfang003 and @justclickindiva both with great ideas (see the comments in last Saturday's post) - you both win an SPI!
Okay, everyone who commented last week went into the WheelofNames and the winners are: @riandeuk and @jfang003 - yay!
- Congratulations!
Thank you for taking part in Saturday Savers Club, everyone!
What's been happening in your world this week? anything exciting or fun? Tell us in the comments - you could win some EDS tokens 😁.
More about EDS tokens
EDS tokens are a low-risk income token, ideal for people who want to save. There were only 20,000 originally and they were all sold at 1 Hive each, with guaranteed earnings of 12% each year. You can now acquire EDS tokens through the EDS Miner token.
Earnings come from powering up and leasing out the Hive that came from selling the tokens, plus earnings from posts and comments each week. EDS pays out every Monday evening. Last week the pay out was equivalent to 24%.
697 EDS Miner tokens left.
Back to business ...
We're going to be here every Saturday through the year growing a little savings honey pot, if you have plans for saving or getting to a different place this time next year - maybe $5 Hive by the end of the year 🤑?
Whatever it is, stick with Susie Saver through the year and we'll get there. Along the way, we'll share lots of tips and tricks for saving and how to get the knack of making your money work for you and not the other way round.
Let's Get Started
Image by Andy M. from Pixabay I wonder if Jeff would like to take the chicken with him? 😁
We're using the 365 Penny A Day Challenge framework for the Saturday Savers Club. We're aiming to save £667 worth of pennies by the end of the year.
Penny a Day Tracker Sheet
Right click on the image, save it to your computer and then print it out.
Okay, let's check in ...
1. Check Progress
Each week, we're going to check in through this post and see where we are up to. Our target for today, 12th June, was 11.20p. Next week, we'll be saving 11.69p and by Saturday we'll have saved 144.89p!
Each week, I'll be buying Hive for @susie-saver's account with the pennies we've saved.
Here's this week's results - 11.20p buys 35.42 Hive.
Over 335 Hive saved in 24 weeks (253 Hive powered up, the remainder invested in EDS and EDSM)! Plus we're earning 3.22% inflation on powered up Hive, 24% on EDS tokens and a little on curating!
@susie-saver has powered this week's savings; she's also been voting following a curation trail, bringing her account to nearly 253HP. She's aiming for 530HP and is 48% of the way there. What's your goal?
How much did you save this week? Did you meet your target? Or did you save even more?
Being accountable to another person or a group is a great way to motivate yourself to save (or anything you want to achieve). Of course, you need the right kind of people around you - ones that think what you're trying to do is worth doing ... or at least fun 😁.
Sign up here with us to start your savings journey:
- just leave a comment below if you want to join the challenge.
- follow @eddie-earner so you never miss a post (Eddie has lots of ideas about how to make money - he's the earner, I'm the saver - you'll like his posts).
- share this post if you think your followers might be interested.
2. The Golden Pig Tip
Image by 3D Animation Production Company from Pixabay
Every week, we're going to share a Golden Pig Tip for saving. By the time you've tried them all you'll have £670 saved.
This Week's Golden Pig Tip
Here's this week's Golden Pig Tip:
Last week we talked about setting a budget for food and housekeeping shopping. This week we're going to look at overall budgets. One recommendation is the 50%/30%/20% split: 50% of your income on essential bills; 30% on quality of life and 20% into savings, including pensions.
Would that work for you? With house prices so high, some budgets may look more like this: 70%/20%/10% or even 85%/10%/5%. What do you think - is this a good way to think about how to use your total income?
And today is always a good day to start saving - you can start on Day 1 or make up the first twenty-four weeks to catch up with @susie-saver. Or join our 100 day savings backwards challenge.
That's it for this week. Hope you've enjoyed it and look forward to seeing you next Saturday with progress so far and our next Golden Pig tip.
Today's post by @shanibeer writing as @susie-saver.
EDS, @eddie-earner's income token, is part of the SPinvest family including SPI (@spinvest), LBI (@lbi-token) and the @spinvest-leo account - a cool club in the making. Spinvest family Motto: Get Rich Slowly.