Session 17: March 2015 Results

Session 17 - March 2015 Result

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Resources highlighted in the episode

Today, we discuss the March results for the Moneystepper 2015 Savings Challenge. The podcast is broken down into the following sections:

  • Quote of the Week
    • “A penny saved is not a penny earned if, at the end of the day, you still owe a quarter”
  • My March Results
    • Net worth improvement: 15% (vs 6.3% goal pro rata)
    • Savings rate: 57% (30% goal)
  • Re-evaluation of goals
    • Net worth goal increased from 25% to 30%
    • Savings rate increased from 30% to 35%
  • Overall March stats
    • Average net worth improvement for all participants: 14.7%
    • Average savings rate for all participants: 48%
  • What I’ve learned from you
    • Nicola – Benefit and accounting of buying a second hand car
    • Mariane / Chad – Power of side income
    • Tom – Big savings from small changes
    • Pete – The relief of paying off debt
    • Jeany B / Mr Zombie / Matt Sommer / Weenie / Michael Smith – Putting big one-off incomes to good use
    • Dan T – Don’t settle for bad deals
    • Greg – Resisting impulse purchases
  • Good Feel Article Of The Week
    • This stupid video…

 

Don’t forget to pick up the free 10-point checklist showing you all the things you should make sure you are doing before investing in property:
RMP Property

In this episode, we refer to a number of external resources, all of which are linked below:

Related Article: Submit Your Results (Moneystepper)

Related Article: March Results (Moneystepper)

Related Article: SMARTER Goals (Stacking Benjamins)

Related Article: Savings Challenge And SMARTER Goals (Meaningful Money)

Related Article: Session 10 – Accounting For Personal Finance (Moneystepper)

Related Article: Save By Cutting Back On Beer And Coffee (Moneystepper)

Fun Show: The Kaiser Report (RT)

 

If you have any questions or opinions on this episode, please leave a comment below. I respond to all comments and it would be great to hear from you!

 

 

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