Virtual Sealed Pot Challenge 2016

debbie_debt

Westie983 wrote: »

Of course you can, I have added you to the spreadsheet, you are #30

Did you want to add a target?

Westie983

Thanks Westie! No, I'm not going to set a target, simply aim to transfer whatever will round me down to the nearest £5 or £10 into a savings account every Friday Let's see what I can achieve by the end of 2016...

rdone

Westie983 wrote: »

Of course you can Rdone

Do you want to set a target for the year?

Westie983

I wouldn't even know where to start with a target to be honest. I think this year I'll just see how it goes and then next year I'll set a target... if that's okay?

rdone

Ooo I like the daily challenge but I think I'll definitely do it backwards for the interest reason. Might as well get as much free money as possible!

crimson.addict

bobobski wrote: »

I think the daily savings thing is sort of a good idea if you just want a challenge, but if you're trying to save and you're able to do it why not do the full amount every month? Also advice I've read is to do it backwards: you're more likely to do the difficult bit at the beginning of a challenge when it's "all downhill from there", and you're getting interest on a much higher amount.

I have found that doing this challenge it makes me save more. Yes i can afford to save £52 a week possibly but i tend to find excuses why i can't transfer that much and if i've set myself a goal of £52 if i can afford it i pot nothing rather than what i can afford.

I know it sounds ridiculous but that's how my brain works. What makes it worse is that i know i'm doing it.

So anyway, doing it this way forces to to pot each week and i'm happy with the total at the end

Thank you for the advice about doing the penny challenge backwards. I think that's what i'll do.

Westie983 wrote: »

Crimson_Addict I have updated your total as well, you are doing amazingly, what a great inspiration to others, keep that momentum going

Thank you so much. I am determined this year to get my savings back on track and to get fitter. We have a lot of walking holidays planned so i need to feel like i'm not all spend spend spend this year!!

Nothing to add. There will be more next week

Ruth x

debbie_debt

First transfer made - £5.24. Feels good!!:cool:

Jo3y83

Hi,


May I join please?
I have created an online "pot" and currently have £6.27 in it from today's transfer.

frasersmum123

Filled out my update form, total now id £16.15 so already over 10% done. It has been a spendy week though which is always good for STC.

rdone

From my first weeks payment last week and my backwards daily challenge and the £24 I had in a random account I've transferred £55.55 into a savings account. I feel pretty good about this first amount

Have sent an update request.

Westie983

debbie_debt wrote: »

First transfer made - £5.24. Feels good!!:cool:

Great well done, you are off the starting block,

I have updated your total so far,

Could you please send me a update form as well as posting on here so I don't miss your update, link is on the first page.

Westie983

Kim_13 wrote: »

A paltry 19p for me. I am awaiting a Quidco cashback payment which will go straight in, but I haven't received it yet. It's paid by BACS so I doubt I'll see it until Monday now.

Well done, I have added to the spreadsheet and await your quidco payment in next weeks update.