Tilly Tidy 2022

Last year some of us took up the mantle of Tilly Tidying our bank accounts.  Some of you may do this already but don't realise it!  

The general idea is that daily or weekly, you round down your bank account to a nice number ending in 00 and pocket the rest into savings, off a bill, mortgage, credit card.... you choose.

Last years challenge was to tidy £1825 which is a mighty challenge to take on but that doesn't mean you have to aim for this amount. You can choose how much you want to try and achieve. There is no right and wrong with this challenge. Just a bit of fun to squirrell those pennies away to good use.

Some bank accounts have a rounding option so everytime you spend it will round it up to the nearest £1 and deposit the difference somewhere else. This is the option I use.

The aim is to get into the habit of Tillying away the little bits you don't notice but would ultimately spend.

To save £1825
Move any change less than £10 into on-line savings (I use e-savings with same bank, little to no interest but out of the Current Account).

So if your balance is £754.32, move £4.32 to savings, leaving £750...

Average will be £5 a day, which gives £1825 average at end of the year.
If super disciplined you can move lump sum into better savings accounts or premium bonds end of each month.

You can round down to £1 (£182 avg a year) or round down to nearest £5 if more affordable.

Not advised if you are in your overdraft a lot: goal then is to pay off the overdraft which is likely your most expensive debt.

£1825 should go a long way towards paying Christmas 2022 or paying debt.



If you want to join in, just jump on the thread and keep us updated of your progress 👍

Happy Tillying all!

Naomim


Credit Cards NOV 2019 £33,220.42 Sept 2023 £19,951.00 Tilly Tidy 20223/COLOR] Sept £43.71 Here's my diary: A Ditherer's Diary Again
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