My $1 In BCH A Day For 365 Days Update
January 21, 2021, when I joined the Ipon (Savings) Challenge initiated by sis @bbghitte for her daughter, Yuri. The idea is to save $1 in BCH a day for 365 days or to save $365 in a year. It is almost a year now, so allow me to update you with my savings.
This Ipon Challenge, by the way, is something that I have already done many times. I like saving money ever since I was a kid, so when it comes to this, I don't get tempted in withdrawing any of them until the last day of the challenge. My last Ipon Challenge, by the way, was when I was still in Cebu.
At that time, I saved all my 5 and 10 peso coins every day in a 4- or 6-liter of empty bottled water. I remembered I went to the bank with all those coins and the teller was like, "do you own a computer shop?" And I was like, "no, I just saved them for months." There was also one incident that I had to bring my brother with me to the bank coz I couldn't carry them by myself. LOL. The biggest savings I did with just coins was 16k in less than 10 months.
You might be wondering how the heck did I save those amounts in just less than a year. Well, whenever I need to pay something, whether it's for food or fare, I would pay a bill instead of a coin just to make sure I have 5 or 10 peso coins to drop in my empty water bottle. If on that said day, I got those two coins worth 100 php, then all of that would be added to my savings. That's how I saved money.
But when I quit my job in 2019, I barely get to hold cash. Thanks to platforms like this, I get to earn extra without doing a lot of hard work. So when I heard about the $1 a day challenge by sis bbghitte, I didn't even think twice. I just joined instantly because saving money is one of the things I'm good at.
There's a twist, though. Instead of sticking to $1 a day, I increased mine every 100 days. I don't know why I chose 100 days. I guess because, at that time, I was already almost on my 100th day, and since I was starting to earn huge on noise.cash, I thought it was a great time to level up this challenge too. Yes, all my BCH from this Ipon Challenge came from my noise.cash earnings. Impressive, huh?
January 21 - April 29 ($1 a day)
$100
April 30 - August 7 ($2 a day)
$200
August 8 - November 15 ($3 a day)
$300
November 16 - January 1 ($4 a day)
$188
As for November - January, I have $788 or 1.32 BCH as I haven't completed my savings yet. I still have 20 days left to complete this and usually, I send my BCH every end of the month. So by that time comes, my November - January will have a total of $268, which means for the entire 365 days, I will soon have $868 or 43,400 php. Oh my!
All my Ipon Challenge is currently earning interest in Nexo. It's not much but at least, it's earning something from doing nothing. After completing this challenge, I will still continue my savings but this time, I will stick to $3 first until I see improvements in my noise wallet. Unfortunately, I don't earn much there anymore but as long as I'm still earning, then I can still continue this Ipon Challenge until I finish another 365 days again.
Closing thoughts
If you haven't tried this Ipon Challenge yet, might as well try this to add to your daily challenges. You can either send your $1 to a separate wallet daily or every week or month to save yourself from paying extra fees.
This Ipon Challenge was supposed to be spent for my house but you know, BCH is still way behind my selling point so I'll just keep it as my investment. I have also earned profits from this several times so it's great to have more holdings.
So there you have it, my almost 365 days savings. I know some of my club fam are doing this challenge too. I wonder how they are doing so far.
Entry #3: December 5, 2022
Yayy. Kanindot ba sis. Ako nagsugod ko karon na year mag ipon challenge hahaha. Sana ma push jud kay naa jud time na need ba. Pero cge lang laban alaxan. Gusto pud ko makasuway gajud anang ipon challenge Unsa tuod na na wallet imungamit sis?