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@Njabulo Nsibande @Spreadsheet Ranger @Groovy @SaurusDNA

Thanks to @Njabulo Nsibande who created this how-to thread: The basic idea is this: Every month has a number: January = 1, February = 2, March = 3 .... December = 12 You decide on a multiplier number, let's say: 2 You decide on a base amount of money: R100 Every month you take the month's number and multiply it by the multiplier and the base Rand amount. The result you save into a savings account. Example 1: Multiplier: 1 Base Rand amount: R50 Jan (1) x multiplier (1) x base amount (R50) = 1 x 1 x R50 = 1 x R50 = R50 Feb (2) x multiplier (1) x base amount (R50) = 2 x 1 x R50 = 2 x R50 = R100 Dec (12) x multiplier (1) x base amount (R50) = 12 x 1 x R50 = 12 x R50 = R600 Example 2: Multiplier: 2 Base Rand amount: R100 Jan (1) x multiplier (2) x base amount (R100) = 1 x 2 x R100 = 2 x R100 = R200 Feb (2) x multiplier (2) x base amount (R100) = 2 x 2 x R100 = 4 x R100 = R400 Dec (12) x multiplier (2) x base amount (R100) = 12 x 2 x R100 = 24 x R100 = R2400 Let's use this thread to track our progress for 2020 and see if we can meet our targets. Maybe those who want to participate can tell us and if you feel comfortable the amounts you have chosen.

Also looking for a smart TV the hisense 50 inch at R5500 seems decent

Desperately looking for a pair of Galaxy buds. Hauwei Freebuds Lite are on sale but would prefer Galaxy Buds if there is a good deal.

Yeah, to drop 10k on a phone seems a bit extreme.

Don't mess with the formula. It's meant to be difficult close to the end else what are we doing here? It is designed to foster a culture of saving. If you are fortunate enough to have your financial affairs in order you'll be saving a flat amount every month. There's not reason to change anything. Commit some values, even if it is "play" money and play the game.

I'm trying to improve the formula a little. The difference between the first and last months is just too big.

I'll start: Multiplier: 2 Rand value: R200 Total input for year: R31 200

To work out your projected savings before interest (in other words the amount you'll put away): Multiplier x Rand Amount x 78 = ? 1 x R100 x 78 = R7 800 after 12 months 2 x R100 x 78 = R15 600 after 12 months 3 x R200 x 78 = R46 800 after 12 months (hello, this is good chunk of money)

I'm in. I'm fortunate enough to be saving biggish amounts already but it would be nice to see this grow in an account of its own. I have not used up all of my Tymebank allowances yet (very far from it to be honest) so one of those goal saves will be reallocated to this.