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  • FIRST POST
    • kerri_dfw
    • By kerri_dfw 20th Jan 12, 1:27 PM
    • 4,550Posts
    • 29,066Thanks
    kerri_dfw
    Second Purse Challenge 2012
    • #1
    • 20th Jan 12, 1:27 PM
    Second Purse Challenge 2012 20th Jan 12 at 1:27 PM
    I thought I'd compile a thread for anyone wanting to start motherships second purse system as a challenge

    If you wish to sign up then state what your dream item that you will buy with your saved 's will be and how much it costs. I will allocate you a number and as your 3rd purse grows I will update the total until you post to say that you have achieved your dream item and would like to set a 2nd dream item as your next target

    How the 2nd purse works:

    Second purse example spreadsheet

    If you'd like to do the 2nd purse challenge it's really quite simple and you can start small. You can even download a copy of the above spreadsheet for your own use, or use your own or even paper and pen.

    For this to work effectively, imagine you are two people, firstly a shopkeeper, secondly a customer. Your 2nd purse is the shop till, your 1st purse is your grocery budget, the 3rd purse is the cash office where the money is stored when there's too much in the till before being spent or saved.
    This is how the 2nd Purse works 1st Month
    Add 10. Spend 10 on offers B1G1F or Half Price.
    Your Stock is worth 20.
    You use 5 worth, that’s what you pay back, your stock is worth 15

    2nd Month
    Add 10 to the 5 you paid back, you now have 15 to spend on offers.
    Spend 15, your stock is now worth 45
    If you use 10 worth, and pay that back when you get paid.
    You will have 10 in 2nd Purse. 35 of stock

    3rd Month
    Add 10 to the 10 you paid back, you now have 20 to spend on offers.
    Spend 20 , your stock is now worth 75
    If you use 20 worth, and pay it back when you get paid.
    You will have 20 in 2nd Purse. 55 of stock

    4th Month
    Add 10 to the 20 you paid back, you now have 30 to spend on offers.
    Spend 30 , your stock is now worth 115
    If you use 25 worth, and pay it back when you get paid
    You will have 25 in 2nd Purse . 90 of stock

    5th Month
    Add 10 to the 25 you paid back , you now have 35 to spend on offers.
    Spend 35, your stock is now worth 160
    If you use 30 worth , and pay it back when you get paid
    You will have 30 in 2nd Purse. 130 in stock.

    6th month
    Add 10 to the 30 you paid back. You now have 40 to spend on offers
    Spend 40, your stock is now worth 210
    If you use 40 worth, and pay it back when you get paid.
    You will have 40 in 2nd Purse. 170 in stock.

    7th month
    Add 10 to the 40 you paid back. You now have 50 to spend on offers
    Spend 50, your stock is now worth 270
    If you use 50 worth, and pay it back when you get paid.
    You will have 50 in 2nd Purse. 220 in stock

    8th month
    Add 10 to the 50 you paid back. You now have 60 to spend on offers
    Spend 60, your stock is now worth 340
    If you use 60 worth, and pay it back when you get paid.
    You will have 60 in 2nd Purse. 280 in stock.

    I think this is the easiest way to show how the 2nd Purse works, you don’t always spend all money in the 2nd Purse every month. So I’ve not allowed for that, or that some of you already had a good starting stock.
    The 2nd Purse is the working part of the idea, don’t be afraid to spend this on bargains. Let it flow.
    I know some of you don’t want to PAY full price for anything, even to yourself.
    As long as you got it at a good price to start with. That’s what you’ve paid. That amount can never go up.
    Remember once the money goes into the 2nd Purse it can only make you stronger, more money , more stock = Less of your hard earned money going to the SM.
    Once they have it its lost, if you have it, whether in stock or in the purse , you STILL
    have it!

    The idea works because the money your making is going round and round, Spend 10 make 10, spend 20 make 20, spend 40 make 40. And so on. You are re-investing your savings in YOU!
    Originally posted by Mothership
    When you have a set amount in your 2nd purse, mine's 100, then you move anything over this into the 3rd purse to save up and spend as you choose

    Mothership's 2nd Purse system - check out these posts

    Please read the two posts for the weekly shop example to get a good idea how Mothership has managed to cut her weekly grocery shop using the 2nd purse system
    Motherships typical weekly shop example post 1
    Motherships typical weekly shop example post 2

    My other purse
    Purse/Bank
    tip 1
    2nd Purse
    Bogofs etc
    more info

    Useful Links
    Grabbits board
    Food Shopping & Groceries
    Shop but don't drop
    Donald Russell for bulk meat (links to motherships post) - free delivery code = win12e1530
    Camelcamelcamel to check for price fluctuations in the rainforest
    mysupermarket to check the big 5 for prices
    Just Linen discount excellent quality bedding
    When updating your amounts please put it BIG AND BOLD so I can spot it on the thread. If you spot a bargain please also put this at the bottom of your post big and bold and I'll add it to post #4.
    When giving a total please also include your number. For example:
    #001 31.54/242.79
    Last edited by kerri_dfw; 22-03-2012 at 9:45 AM.
    Diary: Getting back on track for 2013 and beyond
    DEBT FREE 13-10-13
    Beautiful daughter born 11.1.14
    Mortgage: 399,435.91 395679.52
    Deposit loan from Dad: 10000
Page 102
    • kerri_dfw
    • By kerri_dfw 8th Apr 12, 11:58 AM
    • 4,550 Posts
    • 29,066 Thanks
    kerri_dfw
    Happy Easter to you too mumof3

    Fozzie, I like your thinking re: selling items to your daughter did she get them at cost price?

    Where has the sun gone? Hope everyone has a lovely, relaxing day regardless of missing sunshine x
    Diary: Getting back on track for 2013 and beyond
    DEBT FREE 13-10-13
    Beautiful daughter born 11.1.14
    Mortgage: 399,435.91 395679.52
    Deposit loan from Dad: 10000
    • jakes-mum
    • By jakes-mum 8th Apr 12, 2:27 PM
    • 3,963 Posts
    • 37,834 Thanks
    jakes-mum
    ok well ive tried to balance out my SP and after putting in most of what I remember taking out, I owe SP 26 and 3rd P 11.50 I think I need to be more vigilant about paying myself back as it sure adds up over time

    DH came up with a cracking idea during a conversation about the food shop run as i need stuffing from Mr M, chicken from Mr A and cereal from Mr T, and ours are not that close to each other, he pipes up with 'well why dont you just order your chickens from Mr A and have them delivered for 3, as that would be cheaper than us going to pick them up! then we can just do Mr M and Mr T as they are closer together' he got a big for that
    SPC No 032 SPC(3) 285/250 (4) 519.84/500 (5) 768.32/500 (6) 911.30/600 (7) 913.23/600 (8) 0/750
    Total Wins Of 2012 = 3015.03 Wins Of 2013 = 4427.11 Wins of 2014 = 2361.97 Wins of 2015 = 1306.02
  • MunniMuncha
    ok well ive tried to balance out my SP and after putting in most of what I remember taking out, I owe SP 26 and 3rd P 11.50 I think I need to be more vigilant about paying myself back as it sure adds up over time

    DH came up with a cracking idea during a conversation about the food shop run as i need stuffing from Mr M, chicken from Mr A and cereal from Mr T, and ours are not that close to each other, he pipes up with 'well why dont you just order your chickens from Mr A and have them delivered for 3, as that would be cheaper than us going to pick them up! then we can just do Mr M and Mr T as they are closer together' he got a big for that
    Originally posted by jakes-mum
    Unless you bulk buy loads of chickens there is a minimum basket of 25 before they deliver. Don't know why though coz as long as you pay the delivery fee, why should they care how much you have spent? Sorry to disappoint you, but hope this helps
    When you were born, you were crying and everyone around was smiling. Live your life so at the end, you're the one who is smiling and everyone around you is crying!


    June GC - 352.04/350
    SP challenge 3P 171.28
    • jakes-mum
    • By jakes-mum 8th Apr 12, 3:31 PM
    • 3,963 Posts
    • 37,834 Thanks
    jakes-mum
    Unless you bulk buy loads of chickens there is a minimum basket of 25 before they deliver. Don't know why though coz as long as you pay the delivery fee, why should they care how much you have spent? Sorry to disappoint you, but hope this helps
    Originally posted by MunniMuncha
    Thats exactly what I do do I want 6 which is 21, then was going to bulk the order up with some crisps
    SPC No 032 SPC(3) 285/250 (4) 519.84/500 (5) 768.32/500 (6) 911.30/600 (7) 913.23/600 (8) 0/750
    Total Wins Of 2012 = 3015.03 Wins Of 2013 = 4427.11 Wins of 2014 = 2361.97 Wins of 2015 = 1306.02
  • MunniMuncha
    Thats exactly what I do do I want 6 which is 21, then was going to bulk the order up with some crisps
    Originally posted by jakes-mum
    That's okay then - didn't want you to get all excited at this cost saving plan to find that there was the min basket charge of 25 and no room in your freezer for that many chickens:
    When you were born, you were crying and everyone around was smiling. Live your life so at the end, you're the one who is smiling and everyone around you is crying!


    June GC - 352.04/350
    SP challenge 3P 171.28
  • Mrs Addicted to Spending
    Jake's Mum - I ordered from Mr A and then didn't for a few weeks and they sent me a free delivery e-mail. So if you could just order from them every few weeks, they might do this regularly?? I don't know, but I think I'm going to try that as a possible trick

    Happy Easter everyone hope you are having a good day
    Pay debt in 2012 #278 2347/5364
    Sealed Pot 5 #1713 78.57 //Crazy Clothes Challenge #97 79.49/100
    Grocery Challenge:
    Feb 359/360 Mar 390/450 Apr 335/320
    May 330/320 Jun 455/400 Jul 321/320
    Aug 399/370 Sep 345/300 Oct 421/400 Nov 0/320
  • fozziebeartoo
    Happy Easter to you too mumof3

    Fozzie, I like your thinking re: selling items to your daughter did she get them at cost price?

    x
    Originally posted by kerri_dfw

    No - Sallys Stores made a loss on the sale.......daughters, eh????

  • fozziebeartoo
    For anyone with the Discovery Realtime channel, there is a whole morning of Extreme Couponing on tv today......

    I should be sorting the attic but I just cant stop watching, love it!!

    • jakes-mum
    • By jakes-mum 9th Apr 12, 9:53 AM
    • 3,963 Posts
    • 37,834 Thanks
    jakes-mum
    For anyone with the Discovery Realtime channel, there is a whole morning of Extreme Couponing on tv today......

    I should be sorting the attic but I just cant stop watching, love it!!
    Originally posted by fozziebeartoo
    Ive been addicted to that for weeks, when the DJ bloke was on I couldnt help turning to DH and saying 'why arnt YOU like that??'
    SPC No 032 SPC(3) 285/250 (4) 519.84/500 (5) 768.32/500 (6) 911.30/600 (7) 913.23/600 (8) 0/750
    Total Wins Of 2012 = 3015.03 Wins Of 2013 = 4427.11 Wins of 2014 = 2361.97 Wins of 2015 = 1306.02
  • mooomin
    For anyone with the Discovery Realtime channel, there is a whole morning of Extreme Couponing on tv today......
    Originally posted by fozziebeartoo
    Bless you Fozzie, I love this programme

    I'll just pop one of my whoopsied crumpets in the toaster and make some more coffee and I have a little bank holiday party all to myself
    Comping again


    Wins this year: - two night trip to Belgium, 100 Gett taxi credit
  • mooomin
    Haha, the woman I'm watching on EC just broke the cash register
    Comping again


    Wins this year: - two night trip to Belgium, 100 Gett taxi credit
  • polkadot
    Good morning ladies.I am SO sorry Im not posting lately-we just have so much going on.MIL,BIL,SIL and niece are coming from South Africa i May and we need to move in June-so Im trying to get the house packed up before they arrive-Im trying to find a packing inventory but not doing well.

    We're heading to costco today to get some more vanish-weve already finished the last batch. I currently owe SP 27 for stuff Ive bought this week end (certainly is showing its worth now) with that amount-I'm up to 75, which is the biggest amount Ive ever had in SP.

    My bank accounts now are empty but its payday tomorrow so Im borrowing from DH for today.

    Oh and also,Ive found desktop stickies.Is a post it not programme so you can "stick post its" on your desk top.I was paying SP and updating spreadsheets immediately,but now at the beginning of the week,then I just add stuff to that as I take stuff out-then I update the total at the end of the week before putting up a new post it.
    Last edited by polkadot; 09-04-2012 at 11:04 AM.
    LBM 18 May 2010-Total debt shared with DH 15016.7614930.2014769.9214571.5511424.88
    2nd purse: 23.85/100.00 3rd purse: 0/200.00 Stockpile value: 781.98

  • rachbc
    agggh wish I had some room in m freezer - chicken thighs and drum sticks on half price offer at morrisons...maybe if I force feed bread to oh and kids I could squeeze in a coupla packs!
    People seem not to see that their opinion of the world is also a confession of character.
    Ralph Waldo Emerson
  • MunniMuncha
    omorrow so Im borrowing from DH for today.

    Oh and also,Ive found desktop stickies.Is a post it not programme so you can "stick post its" on your desk top.I was paying SP and updating spreadsheets immediately,but now at the beginning of the week,then I just add stuff to that as I take stuff out-then I update the total at the end of the week before putting up a new post it.
    Originally posted by polkadot
    Excellent idea Polkadot - think I might just copy that idea (iydm?)
    When you were born, you were crying and everyone around was smiling. Live your life so at the end, you're the one who is smiling and everyone around you is crying!


    June GC - 352.04/350
    SP challenge 3P 171.28
  • polkadot
    Excellent idea Polkadot - think I might just copy that idea (iydm?)
    Originally posted by MunniMuncha
    Of course I dont mind.DH has just told me that if you have windows 7 then you should already have it on your pc-otherwise, just google "stickies".

    Just got back from C0stc0.Got a fantastic fix for my obsession with colour and permanent markers together...25 different coloured sharpies = 8.49
    rolls packing tape=5
    I got a label maker for 10 Is it sad that that excites me?
    Sensodyne toothpaste 12x75g= 17 (4 each at MrT)
    Also 150 Ziploc bags (the big ones) 8.99
    DH also got an obscene amount of meat.

    Will update my spreadsheets and then update totals in signature.

    I cant wait to move-part of my criteria for our new house will be "where will Polkadot Palace go?" Ive found one on rightmove that I REALLY want-but as we cant move until June I dont know if it will wait for us-please hold thmbs.
    LBM 18 May 2010-Total debt shared with DH 15016.7614930.2014769.9214571.5511424.88
    2nd purse: 23.85/100.00 3rd purse: 0/200.00 Stockpile value: 781.98

  • fozziebeartoo
    3rd NSD in a row so no money handed over to the SM's!

    But Sallys Stores has been called upon to provide some bits and pieces and all monies go straight into 3rd Purse, because SP still has its 20 float intact!

    Dishwasher tablets bought for 99p paid 2.50
    Posh sausages bought YS/whoopsied 1.25 paid 2.00
    Jar of sauce bought for 1.00 and paid 1.00
    Jelly & ice-cream for a bank holiday pudding charged myself 50p in the hope it will discourage me to eat naughty stuff if it
    isnt FREE
    6 x diet pepsi bought for 1.39 paid 2.50

    So that another 8.50 into the 3rd purse

  • acl2009
    Got myself a few bits for MM's yesterday, including my first considered purchase of YS items!

    4 pizza bases YS @ 59P will buy back at 30p each and have put in freezer
    Also:
    Nap0lina chopped toms 4 pk x 2 @ 50p per tin, buy back at 80p
    Ch1cken tonite sauce x 4 @ 84p each, buy back at 1.69 each
    He1nz soup 4pks x 4 (2 for 3) 38p each, buy back 75p each
    H0mepride pasta bake sauce x 5 @ 1 each, buy back at 1.75 each

    MM's is looking quite healthy and I'm starting to run out of room on my shelves already!

    Hope everyone had a good Easter!
    MFW 190,450/141,140
    • jakes-mum
    • By jakes-mum 10th Apr 12, 2:24 PM
    • 3,963 Posts
    • 37,834 Thanks
    jakes-mum
    I have removed my first payment from my 3rd purse today as its DH's birthday today so 60 saved from the evil SM's and given to Dh for his birthday present (to pay for a trip to the bike show ) so will now be starting 3rd purse all over again and saving for my actifry
    SPC No 032 SPC(3) 285/250 (4) 519.84/500 (5) 768.32/500 (6) 911.30/600 (7) 913.23/600 (8) 0/750
    Total Wins Of 2012 = 3015.03 Wins Of 2013 = 4427.11 Wins of 2014 = 2361.97 Wins of 2015 = 1306.02
    • kerri_dfw
    • By kerri_dfw 10th Apr 12, 2:29 PM
    • 4,550 Posts
    • 29,066 Thanks
    kerri_dfw
    Yay well done Jakes-mum I'm waiting for my AF order of mostly cake supplies to arrive
    Still negative on the old SP balance, so still eating for free....but my lovely fabric has arrived so I may soon need to buy the bedding from myself
    Diary: Getting back on track for 2013 and beyond
    DEBT FREE 13-10-13
    Beautiful daughter born 11.1.14
    Mortgage: 399,435.91 395679.52
    Deposit loan from Dad: 10000
  • Rosielady
    I have removed my first payment from my 3rd purse today as its DH's birthday today so 60 saved from the evil SM's and given to Dh for his birthday present (to pay for a trip to the bike show ) so will now be starting 3rd purse all over again and saving for my actifry
    Originally posted by jakes-mum
    Well done, hope DH has a good birthday and enjoys the bike show
    2nd purse 50.00
    3rd purse 100.00
    SPC 2013 1905
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