Second Purse Challenge 2012

wow everyone is doing really well and this thread is fab

kerri a huge thank you for all the work you are doing :A

I really wish I could get started but am waiting till payday - still another week to go:eek: if I start before then I will get in a muddle and that is what I am trying to avoid from February onwards

I too have LOADS of beans. OH bought rather alot of packs from Lido at the week end - and I think we had some left from last time they were on offer:eek:

now I need to think of a name for my little shop...

Hi Everyone

I've added more spends to that post. Its quite important that you read it as it shows what happens to your weekly budget after you've been doing the 2nd Purse for a while, its MAGIC! :j:j:j

For the 1st shop that really was all I needed for the week, and for the 2nd I'm still adding to my stockpile. This is a GREAT time to stock up on breakfast cereal there's a great selection out there at the moment.

This month I spent £37.45 from the 2nd purse deduct that from the balance in 2nd purse £78 leaves £41.55,

Then add £10 for Jan 2nd Purse payment = £51.55

Pay purse £3 per day for 15 days for the food we ate from the freezer £45.00 + £51.55 = £96.55

Then pay for the other items used in Jan £16.25 = £112.80

Transfer £12.80 to the 3rd Purse towards the £300 freezer.

1 now have £100 in the 2nd Purse and £12.80 in the 3rd Purse.

Now I'm going to add what I spent from the 1st purse to my other expenditure listed above £61.50 + £108.70 = £170.20 which equates to £5. 49 per day which is £38 .43 per week.

Thats for 2 people + 1-2 family members per day. All toiletries . cleaning materials. Treats, Donald Russell Butchers etc.

So I now have £100 in my 2nd purse for restocking. I bought a lot more than I normally do this month I usually spend about £10 -£30.

So if I spend £30 on restocking in Feb and use a similar amount of my stock as Jan then add my £10 . I will have £100 in the 2nd Purse and £53.80 in the 3rd Purse towards my freezer. It mounts up fairly quickly .

I used to blow £500-£600 per month on groceries so...

I don't go over £200 per month on my food budget, so when I see my outgoings coming in around £170 per month that lets me see I'm doing better than ok.
Because of the increases in fuel/utility bills £100 of what I used to spend on groceries is allocated to those items.

I also save £200 every month in an ISA, The SM used to get this money £2400 per year, as of this month there's £5,000 in this.

Mothership wrote: »

This month I spent £37.45 from the 2nd purse deduct that from the balance in 2nd purse £78 leaves £41.55,

Then add £10 for Jan 2nd Purse payment = £51.55

Pay purse £3 per day for 15 days for the food we ate from the freezer £45.00 + £51.55 = £96.55

Then pay for the other items used in Jan £16.25 = £112.80

Transfer £12.80 to the 3rd Purse towards the £300 freezer.

1 now have £100 in the 2nd Purse and £12.80 in the 3rd Purse.

Now I'm going to add what I spent form the 1st purse to my other expenditure listed above £61.50 + £108.70 = £170.20 which equates to £5. 49 per day which is £38 .43 per week.

Thats for 2 people + 1-2 family members per day. All toiletries . cleaning materials. Treats, Donald Russell Butchers etc.
Considering I used to blow £500-£600 per month on groceries.

So I now have £100 in my 2nd purse for restocking. I bought a lot more than I normally do this month I usually spend about £10 -£30.

So if I spend £30 on restocking in Feb and use a similar amount of my stock as Jan then add my £10 . I will have £100 in the 2nd Purse and £53.80 in the 3rd Purse towards my freezer. It mounts up fairly quickly .

:eek: I can't wait until my shop is that low :eek: it feels like it will never happen at the moment though lol! I think you are going to be the first to get your purse 3 treat