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.

21 days of walking to and not spending money at work

Stats. 

So far in September I have walked 31 miles which is 93 miles in total since starting this blog

I have stopped myself from spending £63 at work (£27 of which in Sept) on sweets and snacks I don't really need.

Thoughts.

This Saturday is the last day of September of which I was going to be at work, it is not until the 1st October to which I return to work. I will however still be walking so when we are on holiday I will be monitoring how far we walk and add that to the total above. So should easily smash through the 100 mile mark whilst off.

As for saving? Well I won't have the £3 a day to put away but I will have my Supercharged 1p challenge <<< click the link to read more, which I have found a way of boosting. Which is going to be what my next blog post will be all about. 

Happy with 15 days away from work, and happy I have completed 21 days unbroken walking and not spending money at work. Onwards and upwards.

20 days of walking to and not spending money at work

Stats. 

So far in September I have walked 28 miles which is 90 miles in total since starting this blog

I have stopped myself from spending £60 at work (£24 of which in Sept) on sweets and snacks I don't really need.

Thoughts.

The reason why I think I will do well at this project above all other projects in the past, is down to simply taking things one step at a time and getting into the routine. Before you know it, you are 2 years in and have saved a good amount of money, hopefully a lot fitter as well.

I have played games on my phone for years, so why not do this project. What is the worst that can happen? If I don't do as well I will only have saved a little bit and potentially stayed the same, in fitness and weight levels. But if I do nothing, then I have the same amount if not less money and be the same level of fitness or more than likely even less fit and unhealthy.

It seems a win, win. Can't say I am one for motivational stuff. But, plan for failure and that is what you get, and I feel sitting around and doing nothing would have only have led to that conclusion.

Soon me and our lass will be on holiday, so fitness up but saving down all that we will be saving is the Supercharged 1p challenge <<< click the link to read more. Plus the money I put away for the share plan. So one more day of walk to work and not spending money on sweets, and then into freestyle mode. Be interesting to see what crops up.

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.