Welcome to Saturday Savers Club with Susie Saver.
What's been happening in your world this week? anything exciting or fun? Tell us in the comments - you could win some EDS tokens 😁.
But first, this week's EDS winners!
I put them all in WheelofNames, spun the wheel (twice) and two winners came out:
@gillianpearce and @jfang003 - Congratulations!
Check your Hive Engine wallets Saturday Savers!
Thank you, everyone, for taking part in Saturday Savers Club.
More about EDS tokens
EDS tokens are a low-risk income token, ideal for people who want to save. There are only 20,000 and they were all sold at 1 Hive each, with guaranteed earnings of 12% each year.
Earnings come from powering up and leasing out the Hive that came from selling the tokens, plus earnings from posts and comments each week. Each EDS token is now worth about 1.09 Hive, a nice slow steady increase - that's what we like. EDS pays out every Monday evening: last week the pay out was equivalent to 14.55%, that's already nearly 3% higher than the original guarantee!
There are 480 EDS for sale at 1 Hive this week (correct at the time of writing).. Alternatively, you can put in a buy order at a lower price. Check the Hive-Engine market.
Back to business ...
We're going to be here every Saturday through the year growing a little savings honey pot, if you have plans for saving or getting to a different place this time next year - maybe $5 Hive by the end of the year 🤑?
Whatever it is, stick with Susie Saver through the year and we'll get there. Along the way, we'll share lots of tips and tricks for saving and how to get the knack of making your money work for you and not the other way round.
Let's Get Started
Image by istara from Pixabay Nearly there! 😁
We're using the 365 Penny A Day Challenge framework for the Saturday Savers Club. We're aiming to save £667 worth of pennies by the end of the year.
You can use the sheet below to track your progress:
Right click on the image, save it to your computer and then print it out.
Okay, let's check in ...
1. Check Progress
Each week, we're going to check in through this post and see where we are up to. Our target for today, 27th February, was 3.85p. Next week, we'll be saving 4.34p and by Saturday we'll have savings of 21.48p.
Each week, I'll be buying Hive for @susie-saver's account with the pennies we've saved.
Here's this week's results - 3.85p buys 11.770 Hive.
Still growing - 84 Hive in eight weeks! Plus we're earning inflation on powered up Hive: see how our 50HP has increased? Overall, the account is worth $27.16 at today's prices.
How much did you save this week? Did you meet your target? Or did you save even more?
Being accountable to another person or a group is a great way to motivate yourself to save (or anything you want to achieve). Of course, you need the right kind of people around you - ones that think what you're trying to do is worth doing ... or at least fun 😁.
Sign up here with us to start your savings journey:
- just leave a comment below if you want to join the challenge.
- follow @eddie-earner so you never miss a post (Eddie has lots of ideas about how to make money - he's the earner, I'm the saver - you'll like his posts).
- share this post if you think your followers might be interested.
2. The Golden Pig Tip
Image by 3D Animation Production Company from Pixabay
Every week, we're going to share a Golden Pig Tip for saving. By the time you've tried them all you'll have £670 saved.
Last week, we started making our savings work for us by powering up 50 Hive to start benefiting from Hive inflation.
This Week's Golden Pig Tip
This week's tip is:
Invest your savings to earn a passive income
Last week, we talked about the two different ways you could earn from your savings - active and passive income.
For earning a passive income, we looked at investing in some tokens:
- SPI - today's ask = 5.9 Hive, pays in SPI
- LBI - today's ask = 1.1 LEO (from @lbi-token), dividends paused
- EDS - today's ask = 1 Hive, guaranteed 12% dividend
Which one would you invest in? Are there any other income tokens that you would like? Or should @susie-saver hang on to her Hive? Tell us why in the comments!
Have you got a favourite savings tip? Tell us in the comments.
And today is always a good day to start saving - you can start on Day 1 or make up the first nine weeks to catch up with @susie-saver.
That's it for this week. Hope you've enjoyed it and look forward to seeing you next Saturday with progress so far and our next Golden Pig tip.
EDS, @eddie-earner's income token, is part of the SPinvest family including SPI (@spinvest), LBI (@lbi-token) and the @spinvest-leo account - a cool club in the making. Spinvest Family Motto: Get Rich Slowly.
Posted Using LeoFinance Beta