"Sealed Pot Challenge 4" ~ Part 2 ~

Stapler_2

I have managed to add and extra £10.48 over the weekend to the pot

nataz

HEHE!! Just found 70p in the car, will be adding that ;);)

peaceandfreedom

Hi everyone,

Haven't posted in this thread since the start but I am still diligently saving into my sealed pot. I have decorated an old pickled-onion jar and sealed it completely. I have no idea how much is in there now but I reckon it must be between £150-£200. My target is £400 so I'm going to go into over-drive with it for the next few months as I really need the £400 for Christmas.

Woo-hoo, loved the whole sealed-pot challenge thing, it's great. :j

Decluttering

baldeagle09 wrote: »

I am sorry but this really is false economy. Logically you will have to take extra money out of the bank for your daily needs to account for the money that you put in this sealed pot.
Why not use the spare change that you do gather by inserting in the self service tills in your supermarket?
My object is to have as little change as possible in my pockets (not to mention a sealed pot). That way I know I have not drawn out excess notes from the 'hole in the wall'.
Think about it.
By all means cut down on your expenditure if you do find it hard to save.
Just think about the logistics and mechanics of your spending habits.
If necessary open up a savings account with your bank and transfer how much you need to save each month into your savings account. At least you will be earning interest (however little). You will be earning zero interest in a sealed pot.
I am not dissuading you from saving. On the contrary I am encouraging you to save in a logical and efficient manner by thinking about your spending habits.
Good luck!

I guess it depends on what sort of a person you are. The money I put into my sealed pot is either money I come across in the street (that I would previously have ignored) or money that I would've collected up to spend on something ridiculous that I don't need. Having it go in a pot towards a passport that I can't afford to buy gives me a goal, something to work towards in the long term. For me, the long term used to be having enough money to be able to buy a Crunchie at lunchtime but having it in a pot instead gives me confidence and a goal.

But with everything in life, I'm sure everyone uses it in a different way. I know I wouldn't get the same thrill from another bank account though, even with a bit of interest. But that's just me



While I'm here, I'd like to sing the praises of the self serve checkouts and their customers in various supermarkets around my area. The little change tray that people in a rush / people who are feeling too rich to care leave brimming with coins is soon turning into my best friend

sparky0107

baldeagle09 wrote: »

I am sorry but this really is false economy. Logically you will have to take extra money out of the bank for your daily needs to account for the money that you put in this sealed pot.
Why not use the spare change that you do gather by inserting in the self service tills in your supermarket?
My object is to have as little change as possible in my pockets (not to mention a sealed pot). That way I know I have not drawn out excess notes from the 'hole in the wall'.
Think about it.
By all means cut down on your expenditure if you do find it hard to save.
Just think about the logistics and mechanics of your spending habits.
If necessary open up a savings account with your bank and transfer how much you need to save each month into your savings account. At least you will be earning interest (however little). You will be earning zero interest in a sealed pot.
I am not dissuading you from saving. On the contrary I am encouraging you to save in a logical and efficient manner by thinking about your spending habits.
Good luck!

Baldeagle09
We have had 4 years of succesful Sealed pot challenges, it might be false economy and as Sue has already said, the excitement on the 1st December when people declare their totals is fantastic and people get so much pleasure out of the banter and encouragement that we all give each other, so many people haven't been in the habit of saving before joining us, so if we can encourage them then that must be a bonus. Thanks for your comments but we're quite happy to have our own way of saving

sparky0107

Good evening fellow potters, sorry I've been AWOL again, I'll just update my potting, around £20 in £2 & 50p coins for the Poland spending fund, plenty of tea room change left lying around on the floor by the vending machines, by the new starters in my works. Also been potting my usual £2 a day and any extra change, so the sealed pot is also benefitting and getting really heavy now.

A very warm welcome to our newest members, enjoy the banter on here with us and also enjoy saving.

jakes-mum

Hellloooo all sorry ive been awol again, ive put 56p in the pot today so still tucking change in as and when I can.

Sorry baldeagle, but what works for one doesn't work for another, putting money in a savings account is just to easy to dip into when the pennies aren't there, popping my change into my pot stops me nicking £1 when the icecream man turns up and makes me assess if I really need that chocolate bar when im at the shops. My husband also has a sealed pot which he pops his money he used to spend on fags in, £6 every other day, this is an incentive for him as hes actually got 6 £1 coins in his hands and is drilling home how much he was spending on ciggies. This doesnt work just transfering the money into an account.

If the sealed pot is not for some people thats not a problem but for some of us it is the best way for us to save. Me chucking the odd bit of change from the shop may make me remove more cash from the cashpoint but it stops me buying incidental rubbish and also stops the HUGE christmas bill come december, im saving without noticing the money going.

jakes-mum

Decluttering wrote: »

While I'm here, I'd like to sing the praises of the self serve checkouts and their customers in various supermarkets around my area. The little change tray that people in a rush / people who are feeling too rich to care leave brimming with coins is soon turning into my best friend

Im moving closer to you! none of the people round my way EVER leave change in the self service :rotfl:

Stapler_2

Im just happy to see change in my wallett at the end of the day, to go straight into the pot

Decluttering

jakes-mum wrote: »

Im moving closer to you! none of the people round my way EVER leave change in the self service :rotfl:

Hehe, brimming was a bit of an exaggeration but I did get a whole 60p out of one the other week. Other than that, I had 10p on Friday and 1p on Saturday. So I'm a big fan I almost got my hand trampled on today trying to pick up a 5p in the middle of the ticket machine at the train station at 5.15pm, in the end I decided keeping my hand intact was more important and had to reluctantly leave it.