Debt-free Wannabe Challenges

A question about : Virtual Sealed Pot 2014

Welcome to the Virtual Sealed Pot 2014 Challenge.

Spam.Jam started a thread in 2009 for a VSP (Virtual Sealed Pot) Challenge. Palema continued the Challenge in 2010, 2011, 2012 and 2013! (Thank you Palema)

Flat Eric started the 2014 challenge but due to work commitments had to pass the reigns. I picked this up as I have done this challenge for around 3 years now and find it such a great idea as I find I don't even miss the money!

Linky to the 2014 challenge part 1

A question about : Ј2 Savers Club 2014

Welcome to the Ј2 Savers Club ready for the start of a brand new year.

A question about : EagerLearner's Guide to Free Daily Cashback

SEE MARTIN'S GREAT ARTICLE ON CASHBACK SITES:
https://www.moneysavingexpert.com/sho...es-comparison/

Hi all,

My old thread #1 here:
https://forums.moneysavingexpert.com/....html?t=609037
and part 2 here:
https://forums.moneysavingexpert.com/....php?t=2132075

A question about : Use it or lose it 2015

Hi everyone,

A question about : how to deal with 10 year old debt

A question about : Is a DMP 'making a composition with creditors'

Oops - posted in wrong place and deleted post - sorry

Best answers:

A question about : How much did we pay off in 2014?

Happy New Year everyone

Around about now, someone usually kick starts a thread with an accumulator showing how much we have all paid off in the previous year. There are other threads for previous years, this is the link to the thread for 2013:

https://forums.moneysavingexpert.com/...t=how+much+did

A question about : Is there a formula for this Plan?

Hello,

Was asked this question this morning by my brother ..

How much do I need to invest per annum to receive a lump sum of Ј12458.00 in 11 years @ 5% interest rates?

What is the formula for working this out?

thanks in advance
steve

Best answers:

• About Ј72 per month assuming no tax on interest and annual compounding is applied.