Saturday Savers 2024 Progress Report - Week 5

It's the first Saturday of February, the weather is starting to get warmer and less dreary, and Imbolc will be with us in no time 😁

It's also time for my weekly #SaturdaySavers update !

Fritillaries - always the first flowers to appear in our garden each year. Photo by me

Here's my table of progress for the week;

How Did The Week Go ?

Hive Power

Most of the increase in Hive Power was down to powering up 100HP on Thursday, Hive Power Up Day.

Curation continues to do well, and I'm getting a steady drip from HP inflation and EDS. Author rewards are a little low, but with January being the busiest month of the year out in the real world, that's to be expected and will hopefully improve as February goes on.

HBD

I've taken the decision to make a significant change to my HBD buying process. The price of HIVE is low right now, and it makes no sense to spend lots of my liquid HIVE just to buy a few HBD.

Going forward, instead of DCA'ing an amount of HBD each week that decreases by 0.5, I've made a list of the values to be bought each week. I'll pick one of them each week; a low amount if HIVE is lower than what I paid for it, and a higher one when HIVE goes up in price.

That way, I'll still get to the same total by the end of the year but I'll be optimising my purchasing power, accepting it may have an impact on interest earned.

Talking of interest, January was fun because it was one of those rare months where I got HBD interest twice in the month, on the 2nd and 31st. A nice bonus to the monthly figure !

LEO

LEO just trogs along in the same happy way as normal. Trying to increase my activity within the InLeo front end hasn't really paid off so far, but that's just down to a combination of not doing as much as I should have and learning what really works to optimise it.

I have however been gradually creeping my delegation to @leo.voter up a little every couple of weeks, and that's starting to pay off in the daily rewards I get. They're up an average of about 0.25 LEO a day compared to last year, which may not sound like much but it stacks up over the weeks and months.

EDS

I've been increasing my delegation to @eds-vote a little each week, at a rate which matches my LEO delegation increase. Again, it's one of those slowly-slowly processes where the benefits creep up on you over time. But I'm already seeing a subtle increase in the amount of EDS I'm earning each week, and in turn in the HIVE drip I get from them.

Social Metrics

I'm still a little low on posting rate, and it continues to be the only metric that's in the red, but I'm gradually catching up. My posts are still a little unstructured, and I really should occasionally think about writing a post or two in higher-earning communities. Too many posts are really just me writing what I enjoy writing without worrying too much about audience reception or earning potential !

Even when I'm having a crazy busy day in the real world, I'm maintaining the rate of curation, and trying to remember to write useful comments more often. It's paying off, with a steady increase in the number of comments I'm leaving and seems to correlate with an increased rate of reputation score growth. Although I appreciate that's just an ego boost and has no real bearing on anything !

The decent increase in VESTS this week is down to HPUD and buying some more liquid HIVE while the price is low. I still think I'll need to live to be 150 to get to Orca 😁

So that was how my week went - I hope yours was as good, let me know !

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 !