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If you had a £10 how much could you make?

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jenjade
jenjade Posts: 8,418 Forumite
Part of the Furniture Combo Breaker
in Debt-free wannabe
The challange will run from the 1st January 2009 for 6 months. Then we will post our final amounts and crown a winner!

I was chatting with my sister who said her partner was haveing a competition with his mate to see who could make the most money over 6 months with £10 we will start on the 1st January 2009.. I thought that sounds like fun. Anyone want to join me?

So you have £10 how can you make it into more?

-Gamble and win?
- Buy stuff and sell for more?
- Quidco offers etc
- Lend it to someone and charge interest
- Save it and make interest

Get the idea:confused:

one more thing if you buy something for £10 then sell it for profit (take out any fees) if you make £10 profit you will have £20 so you can do something with the £20 to make more money.:j

So anyone got any ideas or want to play?

They do say you need money to make money.

Who can make the most in 6 months?

I am off to put my £10 into a free scratchcard site then withdraw it so i can use the £10 to make free scratchcard money everyday! :rotfl:

Thanks eveyone for expressing an interest we now have challangers!

Jenjade
doodledo
oscar52
shopoholic84
Lindsaygalaxy
Mgardner
paintedlady
Yukkibear
moneymabel
paybacktime2008
teacher2mum
Holeypockets
Spartan59
robpw
Buffythedebtslayer
purple_sparkles
Lilmissmup
Bex2002
jodile2002
Completlylost
timbo86
Claire1234
redmel1621
dawnylou
savingholmes
Riq
Jamesspir
tirlittan
Gemmzie
Jacci45
needtopaymydebts
lola34
thisisace
crunchyfrogsticks
Contains Mild Peril
katiehardgirl25
mrs-d
fag-ash-lil
lilacpixie
afterglow
mbaz
nikkei
missvivenne
Freyasmum
angelflower
slig
mcjordi
jpwhittle
miamoo
seese75
missworzel
JesaRose
Lysasparkles
PrincessPeach
GreyhoundAngel
Zoelouise88
Brandonlad
Jumanji
DFrostie
Laptop07
LizH
Hj29
dronid
dccb
horton
Wingsofambition
BinkyB
Wrenleys
Willowpeg
harlequeen
lifeofbrian
Sparkey1
Honestbob
gill5blue
pallet
Minted007
BRAINYBROKEBLONDE
algarve
sleepingpintsized1
muchowing
captainpigsfly
dizzyb99
MissBez
Credit_crunch
DdraigGoch
bravobeastie
crakerjack1983
Ironmike
Pink1310
Kateablett
ladymoon
Dee-Dee


Let me know if you want to be added the more the merrier!
:j Proud mum to Jade age 10 years and Baby Ellie born Christmas Day:eek: with a broke heart :( Proven to be a little fighter and battling on with her heart condition :j
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Comments

  • doodledo_2
    doodledo_2 Posts: 4,676 Forumite
    Someone run something very similar to this last year I think but starting with £1. I'll definately join in sounds great fun :D

    What date are we starting and finishing from?
    Proud to be dealing with my debts - DFW No: 712

    03/09/09 - DEBT FREE AT LAST :D
    Racing Hypno to Save - £10/£5000
  • yukkibear
    yukkibear Posts: 5,556 Forumite
    Part of the Furniture Combo Breaker
    This sounds like fun. So if you put your £10 into a scratchcard and withdraw it etc, you can still put the £10 somewhere else to carry on letting it make money for you?
  • jenjade
    jenjade Posts: 8,418 Forumite
    Part of the Furniture Combo Breaker
    yeah you got it yukki

    I was going to see if we get many takers it might be better to start jan after the expensive of x mas!

    1 st january start date for 6 months post here if you want to join in
    :j Proud mum to Jade age 10 years and Baby Ellie born Christmas Day:eek: with a broke heart :( Proven to be a little fighter and battling on with her heart condition :j
  • globalds
    globalds Posts: 9,431 Forumite
    jenjade wrote: »
    I was chatting with my sister who said her partner was haveing a competition with his mate to see who could make the most money over 6 months with £10. I thought that sounds like fun. Anyone want to join me?

    So you have £10 how can you make it into more?

    -Gamble and win?
    - Buy stuff and sell for more?
    - Quidco offers etc
    - Lend it to someone and charge interest
    - Save it and make interest

    Get the idea:confused:

    It may be worth including match betting
    http://forums.moneysavingexpert.com/showthread.html?t=325861

    This could go under :
    Gamble and don't care whether you win or lose.
    You will need to push your £10.00 to £50 to get moving ...But I would say after 6 months you would be the leader of this challenge .
  • jenjade
    jenjade Posts: 8,418 Forumite
    Part of the Furniture Combo Breaker
    oh thats globalds you are so right once the £10 had been doubled a couple of times match betting would be fantastic!!
    :j Proud mum to Jade age 10 years and Baby Ellie born Christmas Day:eek: with a broke heart :( Proven to be a little fighter and battling on with her heart condition :j
  • ehallett
    ehallett Posts: 1,960 Forumite
    Excellent idea - I love this kind of challenge.

    Count me in!!

    Emily x
  • oscar52
    oscar52 Posts: 2,272 Forumite
    I might be up for this come january, but a quick question. Assume you have made some headway and you now stand at £50 - does all the 50 have to into one pot/item/scheme or can it be split as much as you want - ie - buy one item for £50, or buy 100 items at 50p?
    No Longer works for MBNA as of August 2010 - redundancy money will be nice though.

    Proud to be a Friend of Niddy.
    no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date
  • shopaholic84
    shopaholic84 Posts: 299 Forumite
    This sounds like fun, you can count me in.

    Must get thinking of ways to make money with £10.

    xxxx
  • doodledo_2
    doodledo_2 Posts: 4,676 Forumite
    oscar52 wrote: »
    I might be up for this come january, but a quick question. Assume you have made some headway and you now stand at £50 - does all the 50 have to into one pot/item/scheme or can it be split as much as you want - ie - buy one item for £50, or buy 100 items at 50p?


    I don't think it should matter what you did with the £50, it would make sense once the amount gets bigger (hopefully) that you split it into different money making schemes. Well in my eyes it does lol
    Proud to be dealing with my debts - DFW No: 712

    03/09/09 - DEBT FREE AT LAST :D
    Racing Hypno to Save - £10/£5000
  • lindsaygalaxy
    lindsaygalaxy Posts: 2,067 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Im in! But from january 1st.
    £2 Savers club £0/£150
    1p a day £/
This discussion has been closed.
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