Partially for me because at least for the first half of the year I won’t notice the money coming out, so it’s additional savings.
For everyone requesting access to the Google Spreadsheet I shared? I’ve set it up to be viewable from the link.
So there shouldn’t be any need to request access?
Don’t forget it’s a leap year!
I should probably update my spreadsheet to account for that.
I say ‘probably’ I won’t actually do that though…
I know this is an old post but it’s appeared on the blog again:
I liked the idea of these type of saving challenges however I always found that it’s easy in the beginning when it’s only £1 week 1. £2 pound week 2. But towards the ends it’s harder to find £40 to £50 a week to put away so instead I take the amount I want to save and average it out throughout the year.
E.g in your example of 1378. it’s easier to put away a set amount of £26.50 every week which would be the same amount. If you can’t start The year by putting £26.50 away a week from the get go then you definitely won’t be able to do the £40 to £52 a week needed in the months of November and December, especially during Christmas when money is tight.
Using a fixed amount I don’t need to use IFTTT and just set up a scheduled payment to a pot directly from the Monzo app to go out every Monday for 26.50.
The daily one starting at 1p I found it was also easier to average it out at £1.80 a day than start with 1p and towards the end of the year you looking for £3 everyday.
That aside these methods are getting people saving and it’s a good thing.
Or do the 1p/weekly ones in reverse?
Whatever works, all saving is good saving.
Agree there @gmclean. I didn’t quite get myself organised to start 1 Jan - but IFTTT working now and there is a £9 start in the pot. If I can avoid dipping into it I willl have a tidy sum for the festivities.
Do I have to start the IFTTT thing off again in 2021? R-
I don’t think so, once IFTTT rules are running they won’t stop, so in theory 1p on 1st Jan 2021 will get processed.
Ok. Need to first test my will power in 2020. R-
Lock that pot, hide that pot! (I mean if you are on Android). Clearly those of us on iOS have enough willpower (or we’d be running Android phones ugh… )
iOS here - but I appreciate the support . R-