HBD Interest Claimed - Progress Report - January 15. 2023

avatar

month 1 hbd savings progress report.png

HBD savings

Although planned in 2022, things didn't work out as expected meaning I could not really start my HBD savings journey halfway through 2022 as planned. One thing I've learned it to adapt to changes quickly and this is one of these things where I had to adjust my expectations and plans. While I know the next probably 6 months my earnings and savings are (eventually) meant for a car and move to another area, I don't want to pull out everything right away for funds (Possibly) needed in 5-6 months. There's a much better way to save up Hive earnings for that: HBD savings with 20% interest.

The plan

I started by 50/50 split between my HBD earnings, I used 50% to buy bits of $BRO and the other 50% to put into savings. I don't know for how many weeks I held on to this strategy but the past weeks I've added my full HBD earnings into savings. I tried sticking to 1 post every day but didn't manage to keep up with this once my two week holiday was over. I'm now working to create content ahead so that I can publish at least one post every day in the near future. First things first though. Let's check how much HBD I have been able to put into my savings account with a juicy 20% interest fee.

image.png

Pretty nice, right? I claimed 0.566 HBD interest the first month. And my savings total was 87.380 before claiming. It would have been higher if I had committed to 100% savings earlier, but I don't regret focusing on BRO first to be honest, the price went up a lot and now that Hive is on the rise again, it's worth even more:

image.png

image.png

Savings goal

Instead of holding on to a number I want to have in HBD savings, I will be more realistic and say that I'm first going to add as much earned HBD as possible, I will not say it's going to be 100% all the time, but I will try. I will build it as long as possible before pulling (some) out but I'm going to be realistic and keep in mind that this could be within the first 6 months as we plan on another move to a better area for us. If I don't have to take it out, I won't though. It's more of a back up. Let's call these savings our unforeseen savings pot for the time being while I get other things in order first.

Eventually, my goal is to grow this with a significant amount every month, seeing it grow exponentially every year that passes to the point where it becomes a passive income that could be used for real life expenses.

Monthly progress report

To keep myself motivated, I will create a monthly progress report every time I claimed my HBD interest. I love checking the stats and this will be good fun for me to create. My earnings have been on the low side last week but I'm motivated to up my game again starting today. Even though not all content gets picked up, I've noticed that sticking to the routine is helping me to get a nice average in earnings, which all works towards filling the HBD savings account.

Have you started saving HBD yourself? Are you using it for certain goals or just adding to the account only for now?

Header Image Created with Canva Pro

savings leofinance pimp pob vyb hbd hive finance goals hive-engine
0
0
0.000
29 comments
avatar

I think this is a cool idea, tracking the HBD interest payouts. I have a spreadsheet on this too, though if I would make a report about it, it would perhaps be with HPUD.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Nice running goal of the HBD saving, Currently just hit triple digits but hoping with hive rising might start exchange some for it :)

keep it up

0
0
0.000
Reply
avatar

That's nice, you know it may not seem like a lot but I see how 100 bucks in savings grows pretty fast if you get 20% interest lol. And the aim is of course adding more constantly..

Fingers crossed we have a good sum at the end of the year!

0
0
0.000
Reply
avatar

bradley approve 3.gif

!BBH

!ALIVE

!CTP

0
0
0.000
Reply
avatar

Sounds like a very solid plan, @thisismylife

It is awesome to see that interest grows with the 20% apr.

Good luck with your goal.

!CTP
!ALIVE

0
0
0.000
Reply
avatar

I set a 500 HBD goal for this year but HIVE's bargain price is hard to resist. 😆

!PIZZA

!CTP

0
0
0.000
Reply
avatar

It looks like you are distracted with the low price of HIVE from your goal of 500 HBD this 2023. 😆

!LUV

!CTP

0
0
0.000
Reply
avatar
(Edited)

Now, no more I would rather stick to HBD with the current HIVE price rally.

!BBH

0
0
0.000
Reply
avatar

Having a large portion of your funds in HBD Savings would indeed help you avoid thinking too much about the price of HIVE. 😏

!PIZZA !CTP

0
0
0.000
Reply
avatar

How I wish I have that.

!LOLZ

!CTP

0
0
0.000
Reply
avatar

I did not say the amount of HBD that you should have on your HBD Savings. 🤨 I just told you about the portioning. 😅 It looks like confusion has beaten you that time! 😆

!LOLZ

!CTP

0
0
0.000
Reply
avatar

You're doing great! Awesome job being flexible and adapting your savings plan.
!ALIVE
!CTP

0
0
0.000
Reply
avatar

Yes i am saving HBD also just from the earnings on my activity i have reached 137.486 i intend to just keep growing it for now @thisismylife
Thanks for sharing on Listnerds my friend
!ALIVE
!LUV
!CTP

0
0
0.000
Reply
avatar

Great idea. I also save HBD weekly with a definite goal in mind: 667.95 at year end.

Good luck on your savings goal.

Take care.

0
0
0.000
Reply
avatar

I think it became very interesting for a lot of people when the interest became 20%.

That's a strange number for a goal, may I ask how you got to this number? Just curious, if you want to keep it to yourself, that's obviously fine too :)

Take care!

!CTP

0
0
0.000
Reply