Wednesday, January 30, 2019

Supercharged 1p challenge update

You can see from the table below how I am hoping/expecting to save money. Now a 1p challenge works on the basis of day 1 you save 1p, day 2 you save 2p, day 3 you save 3p and so on. Now where that can be a great way to save, I am always the impatient type. So I supercharged it. I have saved a pound a day for the first 50 days then from November on wards have upped the money saved per day by a £1, this month I have added January to the pot which was £124 making a total saving of £327 compared to if I had just done 1p + 1p and so on it would have been £101.53 so I am £225.47 ahead of schedule. My aim is to keep ahead of the schedule because if I hit or stay ahead of this schedule then in 6 years time I would have saved at least 23 grand.

Follow the red link at the bottom to see how that has contributed to the grand total.

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end of monthdays in totalmoney saved per dayTotal savedcomparative 1p challengeHow much ahead of the standard challenge
up to the end of Oct50£1£50£12.75+£37.25
Nov80£2£110£32.40+£77.60
Dec111£3£203£62.16+£140.84
Jan 2019142£4£327£101.53+£225.47
Feb170£5£467£145.35+£321.65
Mar201£6£653£203.01+£449.99
Apr231£7£863£267.96+£595.04
May262£8£1,111£344.53+£766.47
June292£9£1,381£427.78+£953.22
July323£10£1,691£523.26+£1,167.74
August354£10£2,001£628.35+£1,372.65

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Click this link to see how all the endeavours are helping to build towards the final goal. 

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