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 month	days in total	money saved per day	Total saved	comparative 1p challenge	How much ahead of the standard challenge
up to the end of Oct	50	£1	£50	£12.75	+£37.25
Nov	80	£2	£110	£32.40	+£77.60
Dec	111	£3	£203	£62.16	+£140.84
Jan 2019	142	£4	£327	£101.53	+£225.47
Feb	170	£5	£467	£145.35	+£321.65
Mar	201	£6	£653	£203.01	+£449.99
Apr	231	£7	£863	£267.96	+£595.04
May	262	£8	£1,111	£344.53	+£766.47
June	292	£9	£1,381	£427.78	+£953.22
July	323	£10	£1,691	£523.26	+£1,167.74
August	354	£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. 

58 Days of walking to work and not spending money at work

Stats. 

So far I have walked 7 Miles in December 200 miles in total since starting this blog

I have stopped myself from spending £190 at work (£10 of which in December) on sweets and snacks, I don't really need.

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

Thoughts

Lots of thoughts, just how to put them in order. a target of 200 miles has been surpassed that is a good thing to have to write about. I have also surpassed £1,000 pound actually saved, which is a good psychological target to have broken through.

This is the first post about activity in December, the month has the potential of setting me up really well for 2019. Because of how my fixed shift falls, I don't actually get any days off for Christmas, it means I will get 18 days in at work so be saving £90, I have 31 days of the supercharged saving which means £93 saved ( >>> link to super charged saving plan <<< ) and already I have been able to put away £140 from items sold.

Selling my old phone has been a bit of a roller coaster, initially thinking I could get £240 then being shown a fault I hadn't noticed, for that offer to slump to £24 then yesterday getting £100 for it as part of the remaining dvds being sold. So as I hadn't sold anything last month it kept me well on target. with the £100 i put into the share scheme it means I have smashed through the £1,000 saved barrier (currently £1,193.02) with the not spending money and supercharged saving this makes the end of month figure being over £1,370. A very respectable achievement and a good base to go onto in 2019.

The walking is doing well, and I admit could do better but 200 miles is not to be sniffed at. My goal for 2019 is to not just be walking to work, but having some good long walks in between especially as I have two sets of holidays coming up for January and March. This is where keeping up the pace might be an issue, short time at work and a short month in February so the first three months of 2019 maybe steady and not abundant.

That is why all signs are good to look at, and I know people would laugh at the fact of me talking about 21p interest on my money last month, but seeing that figure go up and keeping an eye on it the same as everything else. Is like ensuring the watering of a plant and making sure all the buds are fine. As that figure increases it means only a very small part to the total, but the higher that interest paid is, the larger amount I have saved.

My optimism is high, I think without this I certainly wouldn't have barely anything saved, I would certainly have eaten more at work, wasted that money and be probably down with myself. At the moment I can see a bright prospect, enjoy the thoughts of having covered 200 miles and see an achievable goal into the distance.

YAY!!!

Supercharged 1p challenge update

It's the time of the month when I start putting the money to one side from what I have saved that month, For November as you can see from the chart below it is £60, equates to £2 a day which brings the total to £110 saved and makes me £77.60 ahead of the challenge of I had just done 1p on day 1, 2p on day 2, 3p on day 3 and so on.

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

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end of month	days in total	money saved per day	Total saved	comparative 1p challenge	How much ahead of the standard challenge
up to the end of Oct	50	£!	£50	£12.75	+£37.25
Nov	80	£2	£110	£32.40	+£77.60
Dec	101	£3	£203	£51.51	+£151.49
Jan 2019	132	£4	£327	£87.78	+£239.22
Feb	160	£5	£467	£128.80	+£338.20
Mar	191	£6	£653	£183.36	+£469.64
Apr	221	£7	£863	£245.31	+£617.69
May	252	£8	£1,111	£318.78	+£792.22
June	282	£9	£1,381	£399.03	+£981.97
July	313	£10	£1,691	£491.44	+£1,199.56
August	344	£10	£2,001	£593.40	+£1,407.60

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

Supercharged 1p challenge update

So far so good with my supercharged 1p challenge, for those who don't know how a 1p challenge work it is quite, simple each day you save 1p more than the day before, so day 1, you put away 1p, day 2 you put away 2p day 3 you put away 3p and so on in a year at day 365 you would be putting away £3.65. This works out to over £667.

So I worked out as I had nearly 6 years until retirement, what would happen if I carried that on for the 2,165 days and it would be over £23,400. An amazing figure with such a simple concept. Noe to me, getting a penny, then two pence, and so on seemed a bit of a chew, also I wanted to see results quickly as we all do. So for the first 50 days I have put a £1 a day away, totalling £50 now. With the intention of working out a way of upping the amount per day at certain times.

Below is a table I have worked, out and if I can keep to it, it shows the results of my actions, now come next year I am more than likely to keep it at £10 a day as that is £300 pound a month on average plus other savings I am making such as not spending money at work. It is great to see your goal, but it is no good setting one which is unachievable.

Would love your thoughts folks.

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end of month	days in total	money saved per day	Total saved	comparative 1p challenge	How much ahead of the standard challenge
up to the end of Oct	50	£!	£50	£12.75	+£37.25
Nov	80	£2	£110	£32.40	+£77.60
Dec	101	£3	£203	£51.51	+£151.49
Jan 2019	132	£4	£327	£87.78	+£239.22
Feb	160	£5	£467	£128.80	+£338.20
Mar	191	£6	£653	£183.36	+£469.64
Apr	221	£7	£863	£245.31	+£617.69
May	252	£8	£1,111	£318.78	+£792.22
June	282	£9	£1,381	£399.03	+£981.97
July	313	£10	£1,691	£491.44	+£1,199.56
August	344	£10	£2,001	£593.40	+£1,407.60

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

Getting set for #Gotober

October is going to be my first full month at work. 21 days in work which should mean 21 times £3 saved a day. and at least 21 times 3 miles a day walking to work, plus anything I can do in between.

In total I have

walked 93 miles
not spent £63 at work

I started all this part way through August. and due to the holidays I have only been at work for half of September.

So lets get things going and #Gotober will be the hashtag.

Also in a weeks time should see how much selling my Dr Who items have added to the grand savings target.

Sell and save the money rather than hoard. <<< link to items being sold

Scores on the doors <<< link to total saved

September summary of money saved

I still have the end of the month summary to do, such as the shares which I won't know until at end of play Friday I will know the latest share price, so that will be factored in to the end of the month summary.

But there are certain things which wont change there is £9 to add from the last 3 days of work (as I have no work until October) and a pound a day since starting the Supercharged 1p challenge <<< which you can find more info about at the link provided. So there have been 19 days since start to 30th September which would be £19. 

£28 in total to put away panel at the side will show totals and projections.

Holiday

Time to make a wish, and here is a glorious rainbow that we had on our holiday for you to make your wish against. Obviously mine was to retire at 50 so I can be with our lass.

We didn't do as much walking as I thought we would, thanks mostly to storm Ali, so have nothing to add to the miles done so far, as for the walking we did do, I forgot to monitor.

As for money saved. there is £9 to add from the last 3 days of work and a pound a day since starting the Supercharged 1p challenge <<< which you can find more info about at the link provided. So 10 days would be £10. £19 in total to put away, which I will do the first Wednesday in October. so I have the days between now and then, a day at work and anything else I have come across.

In regards of the 1p challenge I am today 11 days in so saving £11 which on the 1p a day method would have been 66p so currently £10.34 ahead of the curve. Which is what I wish to do to help to get to the £50 grand goal, if you look at the panel at the side you will see the total saved. the projected total if I kept it up as usual, and then the progress I have done to exceed this.

Now back to enjoying the holidays.

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#rainbow over #wooler pic.twitter.com/5equavFwnh

— retireatfifty (@retireatfifty) September 19, 2018

How to boost a supercharged 1p challenge

On Wednesday I started my own 1p challenge, which I was going to extend over 6 years which in itself gave a projected total of over £23,400.

The premise being that on day 1 you save 1p, day 2 you save 2p, day 3 you save 3p and so on until day 365 you save £3.65. Now on Monday I rounded it up to a £1 as I didn't really want to be putting a penny in the savings account, and had said I would round up the total to the nearest £. But then I thought, wouldn't it be good to save more?

So here is the plan, from day 1-100 I save a £! a day, from day 101-200 I save £2 a day, and from 201-300 save £3 a day and so on, this will boost the projected total. Which is an aim for each of my differing areas I aim to source money from and save. So the panel on the right will have current savings, projected savings, and changes in projection. The first amount of savings won't be added until the first week of October, but it will be great to see them boosted even further.

Would love to read your own thoughts, or any ideas you have for saving money.

19 days of walking to and not spending money at work

Stats. 

So far in September I have walked 25 miles which is 87 miles in total since starting this blog

I have stopped myself from spending £57 at work (£21 of which in Sept) on sweets and snacks I don't really need.

Thoughts.

People look at various tasks, and find them impossible to do, they see a huge mountain in front of them and wonder how are they going to scale it? The answer, one step at a time.

I have started then put away lots of projects, but noticed I had played certain games for years. That got me to thinking, that if I can play a game on my phone for years. Forge of Empires (2 years and counting) Simpsons-Tapped out (3 years and counting). Then why can't I be more productive.

This is why I am excited about the Supercharged 1p challenge <<< click the link to read more.

It will then add to the goal of saving money for when I am 50. If you say that I will save £50,000 in 6 years. You would say that, it is very difficult if not impossible, and bring out every reason to support the fact, the 6 years would fly by and you would be in the same position, wishing you had been able to save £50k.

Where as if you take it one step at a time, 1 penny at a time slowly building up, bringing what ever else you have to it as well, and see that momentum grow, and with it the sum of money, which in itself will gain more money via interest. Then even if I don't get the £50,000 I will be somewhere very close to it, but much further forward than if I had done nothing.

Well that's my thoughts, would love to read yours. Plus any ideas you have as well.

A supercharged first day for the supercharged 1p challenge

Yesterday I blogged about how I was going to Supercharge 1p challenge <<< click the link to read more.

So yesterday turned into a very good day.

Another 4 miles walked which brought my total so far to 84 miles (22 miles of them in Sept)

Then I started the 1p challenge, now I rounded the penny up to the nearest pound, so moved across the £54 I had saved from not spending money at work. the £1 from the challenge and I got a £100 for the phone which I had won (had only been expecting £60) at one point thought I would be going home with the phone as the first trading in store I waled into didn't even want to give me a price for the phone. But good fortune was on my side, and I found an independent trader, who like me probably saw it's value on ebay (£150 plus) and gave me a £100.

Now you might be asking why didn't I sell on ebay? Yes! I should but to be honest I wanted the money without the hassle, and who is to say it would sell? You see lots of things saying they will sell for that but I have had plenty of items come back unsold.

So £155 deposited into the savings account. £1.50 was already in there and 6p interest so to be honest I lumped it altogether under interest.

I have also looked at me google adsense account, I have had money stored up for about 18 months £34 and you need £60 to withdraw it. Who knows how well this blog will do? But I have done well with blogs in the past, and when I hit the £60 mark again I will take it out and add it to the savings.

so the total saved so far is

Actual saved total £356.56

Combined projected total £31,696.11

Goal £50,000

Watch the panel on the right hand side as adjust the projected total, and lets hope in the next 6 years I can reach my goal of £50,000

The supercharged 1p challenge to retire at 50

Link to calculator used

The 1p challenge is designed to help folks save money through the year. Quite simple on day 1 you put away 1p, on day 2 you save 2p, on day 3 you save 3p, each day increasing your saving by a penny, when you get to day 365 you are putting away £3.65 and through the year you would have saved over £650.

This got me to thinking what if I pushed this onto my goal of when I am 50, this is currently 2,165 days away (the countdown clock is at the bottom of the blog) it would mean saving over £20 a day at the end of the challenge, but what would it work out to? The answer £23,446.95 Which I thought was amazing, Imagine being able to do that?

So, I have made a plan, on each Wednesday, I will walk to town, which will also add miles to my health regime so a double win, I then transfer the money I have saved from my £3 at work each day, and the totals from the 7 days, so today as it is day one it would be £54.01 (£54 from the non spending at work and a penny from the challenge) but I will round it up to the nearest pound, every little helps. Each month the interest will be added from the savings account so all helps bundle up the total.

Also, from time to time I get different items to sell. I recently won a mobile phone from work. So will take that to cash converters and put that money away as well.

My goal as you will see by the panel on the right hand side is to raise a certain amount of money by my 50th birthday. It will be made up of an actual figure which is money actually saved and put away and a projected figure.

Here is a possible projected figure.

£3 each working day not spent on sweets. 200 days a year times 6 years equals £3,600

1p challenge if completed £23,500 rounded up as today not putting in a penny but a pound.

interest £500 this will be more at the end of the project when a larger amount is saved.

Shares, based on current value and the shares have in the past been double their current price, so I am hoping they will double in value after the 5 years £15,000

projected £42,100 from these figures. my aim is for £50,000 by the age of 50

Wish me luck.