It's Saturday and time for my #SaturdaySavers update !
I managed to miss last week's one, having been away at a re-enactment event over the weekend and then breaking the car on the way back. It was a nice mix of exhausting and de-motivating, but I'm working to get back in the saddle and get back to posting.....
Image created by AI in NightCafe Studio
Here's my table of progress for the week;
Because I didn't post an update last week, I've included two weeks' worth of data.
How Did The Week Go ?
I haven't been very active on Hive for the last couple of weeks, and it really shows in my earnings !
Real life has been busy, and a few things have glitched out which totally distracted me, but I'm trying to get back to properly active again.
My HP goal seems to be totally out of reach now, but I think it's really because I was utterly over-optimistic when I set the goal. But once you take out HIVE purchases with fiat, I'll almost certainly earn more this year than last in terms of author and curation rewards.
HBD continues to be the real driver of my account growth, with interest currently at around 32-33 HBD a month.
It was an interesting test of my priorities that upcoming massive car repair or replacement bills made me think hard about where the money would come from. The conclusion I reached was that I'd rather keep my HBD and take the money out of my ISA.
For those outside the UK, ISA stands for "Individual Savings Account", and is a type of account where I can save up to a certain amount each year with tax free interest. The problem is that it's a savings account held with a legacy bank or other financial organisations, and the interest they pay is, frankly, derisory. Mine currently pays 2.3%, which doesn't even keep up with inflation. To cap it all, our cash-strapped government are making noises which suggest that they think any pot of money (whether savings or pensions) is fair game to be taxed to the point of expropriation. For all it's risks, crypto is safer than money held in accounts the government can dip their grubby little fingers into !
Meanwhile, I've had very little time to do anything on the Tribe tokens front, but I'm pushing dust into SWAP.HIVE and using it to gradually buy EDSI's.
Additionally, I've increased my delegation to @eds-vote, although the process went wrong and I've had to re-do it ! Something in Hive is broken, because previously I could use either Ecency or PeakD to go to a delegation and select an amount to add to it. This seems to have changed so that the amount you enter is a replacement instead of adding to a previous value. Grrrr, I hate it when they mess around with things that aren't broken.
EDSI's currently seem to be the best way to gain liquid HIVE, so I'm trying to grow them as fast as I can without additional outside investment. I'm currently earning about 4 or 5 HIVE a month from all the assorted drips that pay liquid HIVE (mostly EDSI, but also POB and BEE delegation and a delegation to @hive-up). My initial goal is to grow that to the point where it covers my SBI commitments, but ideally further than that.
If you're not familiar with SaturdaySavers, it's a fabulous initiative run by @shanibeer writing as @sally-saver on the @eddie-earner account, where we all support each other in getting to our savings goals.
If you are one of my friends reading this (or just someone who tripped over one of my posts), I really recommend this as a great community that's well worth joining.
I'm normally very disorganised about saving, and the support of the wonderful people in #SaturdaySavers has been invaluable in keeping me focused. I can honestly say that without it, my HP would probably be half what it is now.
So join ! You don't have to wait until the start of the year. The best time to start saving is ten years ago. The second best time is right now !
