Skip to main content

52 Week Money Challenge - How Much Did We Save? A whooping £1,004

This isn't bad for a year's long challenge which has been tedious, cumbersome and boring! The final cash savings was £1,004 and the IOUs were £374. As frequently with this long term saving projects there was some double counting - I think mostly to do mixing up weeks so I had to got by the cash savings!

The Details

On Boxing Day,  I went down to my mother so she could assist in the counting.


To help with this count down, I asked Ma who willingly obliged as she had been keenly reading my blog posts about this. Sis acted as an independent observer. Well she was on the sofa while Ma and I counted the cash and the IOUs.

At first there was a debate about what surface to use, and Ma and Sis advised it was best to use red since that represented money and wealth in many cultures, so that was taken on board. As a result we used the Christmas table runner.

We poured the contents of the money pot on the table and proceed to sort out the cash in different denominations and IOUs.
Final count of 52 week money challenge
Final count of 52 week money challenge 
This was how it looked on the table before we started counting. However because there were missed weeks and at times double counting - remember this was started on the 7th week of the year, it didn't really add up...

https://dabwrites.blogspot.com/2019/02/51-daily-writing-journal-mo-money.html


Next...

First I gave Ma £50 for helping count out the money so after that I had £954, which I wanted to bank however the most of the banks in my area weren't open, so after walking a while, I found an open branch but there was no counter service, just a deposit machine/ATM, so I could only bank the notes which came up to £910. 

It was a very tedious process as the machine kept on spitting out the cash, until I entered the notes in seven smaller batches of the same denominations. Annoying.

Proof? Well the bank doesn't allow screenshots and the deposit machine receipts are too flimsy to take pictures of. I guess I could alway get one from the bank on a proper working day. 

Final Thoughts Was It Worth It?

It depends, I guess it was nice to find out how much cash had been saved but to be frank, it was such a palaver and hassle even to the very end: from saving, to counting and even banking the cash. HOWEVER, one thousand pound isn't to be sniffed at, given it's a windfall after the big financial expense of Christmas. 

I guess the key to this saving was keeping on, and I did that mainly because the blog held me accountable in some way. Even when I couldn't make the payments, I put in an IOU for part or all that I owed, doing this kept the pressure off me. I paid when I could. 

I did push myself in the last  few weeks, so realistically, I probably would have saved about £700 rather than the £1,004. Still that is seven hundred quid. So I guess the big takeaway is saving what you can, and regularly. Over the year, this was regular despite the missed out weeks because I more or less made some contribution each month.

Thank you for following throughout the year. 

Happy New Year!




Comments

  1. Wow, well done. I enjoyed this challenge. I will try it next year! Hapoy New Year Anna Aden. You are the best.

    ReplyDelete

Post a Comment

Popular posts from this blog

The Character Therapist: T3 - Emotional Brain v. Rational Brain

The Character Therapist: T3 - Emotional Brain v. Rational Brain : People do things out of character all the time. Donald Maass says that we should strive to create scenes in which our characters think, talk... -----------------------------------------------------------  Check out Bigga Day's books on Smashwords.com https://www.smashwords.com/profile/view/bigga Apple iBooks https://itunes.apple.com/us/artist/bigga-day/id595585425?mt=11 Barnes and Nobles http://www.barnesandnoble.com/c/bigga-day Kobo http://store.kobobooks.com/en-US/Search?query=Bigga%20Day&fcsearchfield=Author

Daily Writing Journal: Mo Money Challenge - week 8 which means £8 in the tin!

£8 in coins So I'm on my second week on saving and still not sure. I'm not feeling the pinch per se, but it's hard thinking how am I going to maintain this. So I managed to get a few coins out and gather some change, but at some point I'll really need to organise this. I've put in four fifty pence pieces with come up to two pounds sterling and the rest in pound coins.  Remember the money tin from last week. Well it all went inside that.... How am I feeling? Slightly bored but I still have a long way to go..... Saving money is boring, spending is more interesting.

Weekly update. Verdict on Check It movie, lack of black male role models and normal boring stuff. Oh and I'm still fat.

Hello everyone! So new focus. Yes, I never know what to write about. Never know what’s interesting so I’m just going to write for myself…if that makes sense. There are slew of blogs trying to change the world, radicalise the world, and revolutionise the world so I’m not doing that here. Not am I going to think - oh will people find this interesting or boring. To be frank, I’m a pretty boring person but hey ho let me write.  I’m thinking of changing my gym. Well right now I’m a member of Virgin Active Health Club which styles itself as a life style gym, and to be honest the only thing I use is the hot tub, sauna and steam room. In the three years I’ve been a member, I’ve only been in the gym about ten times, gone for two classes - they are always fully book so I only really just use the hydro-pool/spa, and steam room. I’m a member of the Islington Angel branch which is were all the posh liberals are.  This is a picture of the spa, and pool. The pool can be a bit chill at times.