Friday Finance 6/3/2022: Feeling the Pinch
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.
I was telling someone just the other day that I can hardly believe it is June already! It feels like this year has kind of flown by so far. Yesterday was the last day for kids in the school district where I work and now my focus will turn to summer projects for the next couple of months.
I've got a bunch of camping trips planned, but in between it all I will be here on Hive blogging, commenting, and curating.
Feeling the Pinch
Like the title of this post said, we are finally starting to feel the pinch a bit more in my neck of the woods. Gas prices have gone up to $4.99 9/10 per gallon. It's funny to see so many people take the easy route and blame this political party or that one. Meanwhile they are looking past the issue that is right in front of their faces.
I'm just sitting here trying to plan out my summer. The gas prices won't change my plans, but they definitely give me a bit of pause.
My truck has a 37 gallon tank. That's $184 or so to fill it completely. When we are pulling our travel trailer the truck gets about 8 miles per gallon. We have a trip coming up that is going to take us 415 miles from home to the Upper Peninsula of Michigan. That means I am going to have to fill up at least twice on our way up and at least two more times on the way home.
It's crazy to think that one trip might see my fuel cost edging up towards the $1000 mark. Thankfully, that is just one trip and our other trips are much shorter than that one, but man, it's crazy out there right now.
Maybe I will get lucky and something will happen between now and then to ease the strain a little. The public is getting restless (not that anyone is listening).
Leo Lion
I used some of the HIVE that I made flipping Splinterlands vouchers and bought some more LEO this past week. It was enough to push me into the 15,000 staked category which gives me the "Lion" title on the Discord server. I know it is a pretty trivial thing, but it is still an accomplishment that I have been working towards, so I am fairly happy about it.
Unfortunately, the next bar is pretty high at 50,000 LEO staked to get the next title. The price is relatively low right now, I could probably easily buy my way into that title, but I think I would rather try to earn some of it!
SCV and EDSMM Tokens
Over the past couple of weeks I also made some purchases of other tokens on the HIVE-Engine. The first was the SCV token. I had been on the fence about buying one of the SPS Node licenses for Splinterlands. Ultimately I decided the cost was just too high and since I don't really have the hardware to run the node, it might not be worth it. Instead, I found out about the SCV token. Basically, SCV holders provided the funds for the project to buy a node license (or two?). They will then in turn run the node and return a portion of the profits back to the token holders respective to their SCV token holdings.
It is kind of like the Cublife token if you are familiar with that. DeFi without having to get your hands dirty in DeFi. In this case, SPS Node running without spending your money or dealing with actually running a node.
I also took advantage of the chance to pick up some of the new Eddie Earner Mini Miner tokens from the @eddie-earner project. The miner gives you the chance to earn EDS tokens which according to HIVE-Engine are:
"Inflation-proof HIVE income tokens."
I get a small drip of HIVE for holding these tokens, so I figured why not take advantage early and hopefully increase my EDS holdings so that the drip becomes a stream.
Nothing wrong with that right?
I believe there are still some of each of these tokens available on your favorite HIVE DEX, so check it out!
That's all I've got this week! Have an awesome weekend and try not to let the gas prices (or the markets) get you down too much!
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All pictures/screenshots taken by myself or @mrsbozz unless otherwise sourced
Posted Using LeoFinance Beta
