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  • FIRST POST
    • gregorypeck
    • By gregorypeck 30th Aug 16, 11:52 AM
    • 93Posts
    • 495Thanks
    gregorypeck
    If you had £100
    • #1
    • 30th Aug 16, 11:52 AM
    If you had £100 30th Aug 16 at 11:52 AM
    If you had £100, what would you do with it to improve things?
    Invest it?
    pay off a debt?
    Improve yourself by doing a course in a craft so you could develop and make and sell stuff?
    Gamble it / Spread bet?
    Buy wholesale goods and try resell to make a profit?

    Just wondered what people would do, I have Manageable debts but just want to turn some money around to speed things up.
    2016 Wins so far: Chairmaking book
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    £20,000 Debt ££££
Page 1
    • spadoosh
    • By spadoosh 30th Aug 16, 12:02 PM
    • 4,156 Posts
    • 5,384 Thanks
    spadoosh
    • #2
    • 30th Aug 16, 12:02 PM
    • #2
    • 30th Aug 16, 12:02 PM
    I'd buy £100 worth of white kinder buenos on offer at co-op 4 for £1.50, would look for a cheaper bulk purchase though. I would eat them and not sell them though.


    Itll be different for most people.

    In your situation, you seem to want to reduce your debts, so youd think the best option would be to reduce your debts with it.

    Gambling would be silly. Matched betting might be worthplaying around with.

    Investing it your unlikely to recover more than your paying in interest but depends where your debts are.

    If your paying £100 for a course, chances are you can watch a few youtube videos and learn the same. And crafts tend to be more about practice than getting a specific bit of knowledge that youd get from a course. Then there oppotunity costs as you would need supplies, time, effort to get your products out there and sold.

    Wholsesale goods and selling on, the margins tend to be small. And for £100 investment its something that most people could do, yet dont. The likes of Richard Branson and the apprentice man would tell you thats where you need to start and this time next year we'll be millionaires.
    Last edited by spadoosh; 30-08-2016 at 12:05 PM.
    Don't be angry!
    • lynneee
    • By lynneee 30th Aug 16, 12:06 PM
    • 772 Posts
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    lynneee
    • #3
    • 30th Aug 16, 12:06 PM
    • #3
    • 30th Aug 16, 12:06 PM
    I would go to a car boot and try and get £100 of bargains, and put them on ebay!

    Or buy £100 of veg/plant seeds, and then sell them when they have grown (although its a bit late in the growing season for this year), but this would obviously take longer to reap the rewards.
    Pay off debt 2016 #82 £3755.62/£6705.62.Sell £1000 of clutter #27 £537.91/£1000 (19/09)
    Sept GC£201.81/£300
    • lazer-zxr
    • By lazer-zxr 30th Aug 16, 12:11 PM
    • 366 Posts
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    lazer-zxr
    • #4
    • 30th Aug 16, 12:11 PM
    • #4
    • 30th Aug 16, 12:11 PM
    Pay off debt.
    Since my LBM, I've been focussed on just reducing debt. Not being distracted by opportunities that may increase debt repayment if they involved an element of risk.
    That rules out most of your options, with the only two remaining being matched betting and pay off debt.
    As I've pretty much exhausted my matched betting campaign..........

    (Over £3k from it), to the point where the effort isn't really worth the return anymore,

    ........I'd pay it straight off the debt.

    Either that, or if you havn't exhausted bank switching, spend some on bus fare or mobile phone airtime, and get switching current accounts (there's well over £1k waiting to be made there).
    DFWB £58411 of £59353 repaid. LBM feb15
    MFWB On hold due to low int rates
    • PasturesNew
    • By PasturesNew 30th Aug 16, 12:12 PM
    • 58,112 Posts
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    PasturesNew
    • #5
    • 30th Aug 16, 12:12 PM
    • #5
    • 30th Aug 16, 12:12 PM
    Always pay off debts. Once you owe nobody anything you can sleep at night.

    With all debt somebody owns your 4rse.
    • gregorypeck
    • By gregorypeck 30th Aug 16, 12:17 PM
    • 93 Posts
    • 495 Thanks
    gregorypeck
    • #6
    • 30th Aug 16, 12:17 PM
    • #6
    • 30th Aug 16, 12:17 PM
    I'm just curious, I like the replies so far, I dont have £100 to gamble, been there and given it up as a bad idea. I watch a lot of youtube vids to improve my craft/woodworking skills and have invested lots into all the kit. I'm expanding on this as a small business venture anyway.

    I like the buy bargins and re sell option at the moment although in the past i haven't made my millions lol.
    2016 Wins so far: Chairmaking book
    SwagBucks rewards earned: £15
    Applike rewards earned: £10


    £20,000 Debt ££££
    • SailorSam
    • By SailorSam 30th Aug 16, 12:47 PM
    • 21,268 Posts
    • 36,776 Thanks
    SailorSam
    • #7
    • 30th Aug 16, 12:47 PM
    • #7
    • 30th Aug 16, 12:47 PM
    I'm going to the dentist this afternoon, so half of it will be going to the hygienist.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
    • WantToBeSE
    • By WantToBeSE 30th Aug 16, 12:49 PM
    • 7,545 Posts
    • 30,538 Thanks
    WantToBeSE
    • #8
    • 30th Aug 16, 12:49 PM
    • #8
    • 30th Aug 16, 12:49 PM
    Put it towards one of my debts.
    3/6 month emergency fund challenge #20
    PODBX17 #122

    Debt Free Diary http://forums.moneysavingexpert.com/showthread.php?t=5501794

    Total debt:
    14/01/2017 £6247.89
    24/02/17 £5623.17

    Estimated DFD Jan 2018
    • sugarcube84
    • By sugarcube84 30th Aug 16, 2:17 PM
    • 499 Posts
    • 506 Thanks
    sugarcube84
    • #9
    • 30th Aug 16, 2:17 PM
    • #9
    • 30th Aug 16, 2:17 PM
    I'm trying to balance paying back the debts and doing the house up, I'm in the middle of doing my kitchen so I'd probably split it 50/50 between spending and paying off the debts.
    Target DFD September 2017- Only 5 payments to go!!!

    Amount Paid off 90.37%
    • poppasmurf_bewdley
    • By poppasmurf_bewdley 30th Aug 16, 2:47 PM
    • 4,890 Posts
    • 5,041 Thanks
    poppasmurf_bewdley
    I would go to a car boot and try and get £100 of bargains, and put them on ebay!

    Or buy £100 of veg/plant seeds, and then sell them when they have grown (although its a bit late in the growing season for this year), but this would obviously take longer to reap the rewards.
    Originally posted by lynneee
    This is a good way, but I'd spend the £100 at jumble sales and then have a stall at a car boot, and flog off what's left on eBay.

    When I was made redundant a good few years ago, this is what I did and I made a reasonable living - but eBay hadn't been invented then!
    There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O.S. Nock
    • oldhand
    • By oldhand 30th Aug 16, 4:00 PM
    • 3,273 Posts
    • 7,180 Thanks
    oldhand
    Id spend it on a lady of ill repute......
    • SailorSam
    • By SailorSam 30th Aug 16, 4:43 PM
    • 21,268 Posts
    • 36,776 Thanks
    SailorSam
    I'm going to the dentist this afternoon, so half of it will be going to the hygienist.
    Originally posted by SailorSam
    Well i'm home from the dentist and she said to come back next week. So that's the second half of my £100 going to them.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
    • GTR King
    • By GTR King 30th Aug 16, 7:28 PM
    • 632 Posts
    • 120 Thanks
    GTR King
    I would spend the £100 on blu rays or ps4 games (If i want ones that are out) If not will save it
    • Tigsteroonie
    • By Tigsteroonie 30th Aug 16, 7:29 PM
    • 22,380 Posts
    • 55,768 Thanks
    Tigsteroonie
    Stealing thread idea and taking it to the MSE Arms ....
    Going to become Mrs Marleyboy for real

    MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote

    Proud Parents to an Au-some son
    • lessonlearned
    • By lessonlearned 30th Aug 16, 8:41 PM
    • 9,381 Posts
    • 52,876 Thanks
    lessonlearned
    I'm just curious, I like the replies so far, I dont have £100 to gamble, been there and given it up as a bad idea. I watch a lot of youtube vids to improve my craft/woodworking skills and have invested lots into all the kit. I'm expanding on this as a small business venture anyway.

    I like the buy bargins and re sell option at the moment although in the past i haven't made my millions lol.
    Originally posted by gregorypeck
    Well if you've got £20k of debt then £100 isn't going to make a huge dent.

    I would go with the buying and selling.

    However before you shell out £100 why not start with decluttering your own stuff first rather than buying stock. Then ask your friends and relatives if they want to get rid of anything.

    Offer them a cut of what you make but I bet must of them will be happy you are helping them have a clear out. Most will just give you their unwanted goods for free.

    (If you do make a large profit on what they give you then you could give them a little gift as Thank you).

    Start with the cast offs and free stuff first.

    I used to do a car boot sale once a month through the summer. I regularly made £80 to £100.

    If I stumbled on something I wasn't sure about I would take it to the auctioneers for a valuation. Most of them have a day when they do free valuations.

    One year I decided to tackle my loft. I made £1100. Some went to the auction house, some eBay and some to car boots.

    You would be surprised how much you can make once you get your head round it.
    • sourcrates
    • By sourcrates 30th Aug 16, 9:38 PM
    • 10,279 Posts
    • 10,018 Thanks
    sourcrates
    £100 quid ?

    I'd go down the pub for the weekend !!!!
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    • atolaas
    • By atolaas 30th Aug 16, 9:44 PM
    • 1,018 Posts
    • 5,113 Thanks
    atolaas
    I've got my eye on a rechargeable hoover for 99 quid...I'd save the pound change though :-)
    SPC7 ~ Member#390 ~ £432.45 declared
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    • DD265
    • By DD265 31st Aug 16, 1:47 PM
    • 1,237 Posts
    • 3,169 Thanks
    DD265
    Today I'd pay it straight off a credit card, but I just got paid so my budget looks reasonable and I've made two (small but healthy) over payments already this week.

    Next week I'd spend it - probably on clothes (although maybe on eBay rather than high street).

    The week after that I'd bank it, as I'd be aware that I was at risk of having no money left in my account because I'd be working away the following week and paying £££ for food before I can claim it back.
    • tgroom57
    • By tgroom57 11th Oct 16, 9:17 AM
    • 1,244 Posts
    • 12,495 Thanks
    tgroom57
    My most recent bit of spare cash went on a small lot I stumbled across on ebay, fixed up & sold again for 10x. You might take a look at the dolls house furniture department - under Dolls & Bear, dolls house miniatures. Plenty of vintage stuff needing a bit o' fixing & woodwork skills.

    • Penguin8410
    • By Penguin8410 12th Oct 16, 5:44 PM
    • 71 Posts
    • 122 Thanks
    Penguin8410
    i would stock up the cupboards with essentials, tins etc so that my food bill is less for the next few months...however i guess that would then mean theres more money to pay off debts as my food bill would be less so maybe just pay off debts?


    right now however i would buy my daughters christmas presents.
    Car finance: £9312 £675.17 Nationwide loan: £16176 £1124.85 All other debts £19950 £19950

    Debt free date aim: June 2020 (reduced by 1 year already!)
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