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  • FIRST POST
    • dreamtruce
    • By dreamtruce 18th Apr 17, 7:53 AM
    • 100Posts
    • 155Thanks
    dreamtruce
    May Penny Pincher Challenge
    • #1
    • 18th Apr 17, 7:53 AM
    May Penny Pincher Challenge 18th Apr 17 at 7:53 AM

    Creating your list
    • Choose 10 every day tasks that you can do each day - Worth 1 pt each
    • Choose 3 Monthly tasks to do in the month - worth 5 pt each
    • Choose 2 Self care / personal development goals - worth 5 pt each
    Everyone should have 15 items on their list.
    You can earn an extra 5pts for trying every task once

    Rules & Guidance
    • Keep count of how many times you do the tasks during the month
      There isn't a limit to how many times you can do the task
      but at least aim to do each item at least once!
    • You are more than welcome to include other challenges here
    • You may choose the same tasks each month but please try one new way each month, just to help you avoid being stuck in a rut!
    • Post your progress regularly & share other ways that you've found to save money and we can add it to the list
    • Join in with weekly chats and challenges (some may not be focused around saving money!)
    • Try your best and there is no "failures" as there is always next month to try again.
      This is not a race either.
    • *new* You may change your lists as needed


    To Join
    Post your 15 tasks from the list below & act on them throughout the month.
    You will get given a number and the members list will be posted below.
    Be sure to keep us updated with your progress so we can add your points

    Useful templates
    Penny Pincher monthly task chart
    Penny Pincher Master Task List
    * due to change these a little soon! *
    Last edited by dreamtruce; 18-04-2017 at 7:55 AM.
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
Page 1
    • Jo Blogs
    • By Jo Blogs 19th Apr 17, 1:14 AM
    • 750 Posts
    • 2,573 Thanks
    Jo Blogs
    • #2
    • 19th Apr 17, 1:14 AM
    • #2
    • 19th Apr 17, 1:14 AM
    Hi dreamtruce

    Thanks for posting this early so I've got some time to think about the things I can do for the challenge in May

    Wishing you all a great day!
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Aug] £58.44 for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 July NSDs 19/15CCCChl 7/12 months
    July PPChl#002 Pts 71
    • dreamtruce
    • By dreamtruce 21st Apr 17, 8:04 AM
    • 100 Posts
    • 155 Thanks
    dreamtruce
    • #3
    • 21st Apr 17, 8:04 AM
    Members
    • #3
    • 21st Apr 17, 8:04 AM
    members list
    001 - Dreamtruce
    002 - Jo Blogs
    003 - Purplemumof2
    004 - ceb1995
    005 - Jelllibeanz
    Last edited by dreamtruce; 30-04-2017 at 9:58 PM.
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
    • dreamtruce
    • By dreamtruce 21st Apr 17, 8:05 AM
    • 100 Posts
    • 155 Thanks
    dreamtruce
    • #4
    • 21st Apr 17, 8:05 AM
    • #4
    • 21st Apr 17, 8:05 AM
    Ways to save
    1. Keep a change jar
    2. Set up an auto-payment to put money in your saving(s) account
    3. Give yourself an amount each week/Month to spend on yourself.
    4. Get / find cheaper insurance
    5. Create a budget for each month
    6. Keep an expense log
    7. Pay off your debts first
    8. Pay with cash only / use envelope system
    9. Have a monthly goal of a certain amount of No Spend Days
    10. Have nights in / a set amount of nights in each week/month
    11. Buy own brands or cheaper items
    12. Take your meals to work
    13. Buy lunch items in bulk from the poundshop or on sale
    14. Take your own water bottle
    15. Keep yourself a holding pot for change that you may need in the week or month
    16. top up store cards such as starbucks/boots/asda with £10-£20 monthly
    17. Use loyalty cards or loyalty apps always - Keep receipts for those times that you forget to bring them so you can get them added next time
    18. Limit take-outs and fast food chains
    19. Walk/bike/carpool to work or buy cheaper tickets
    20. Don’t buy branded clothes or only buy branded and non-branded clothes in sales
    21. Go on a clothes shopping freeze monthly/for a certain amount of time
    22. Find cheaper or free ways to listen to music or watch films
    23. Use voucher codes
    24. Stop ordering coffee from coffee shops / coffee machines
    25. Attend free events in the city
    26. ONLY use free-to-use ATMs
    27. Make a shopping list & stick to it!
    28. Reuse your shopping bags
    29. Cancel memberships that you don’t use
    30. Check best before dates on things like bread & milk and get a longer date
    31. Buy beauty products on deals or in discount stores like Primark
    32. Maintain a healthy lifestyle & take care of yourself
    33. Don’t get paracetamol or ibuprofen from the NHS
    34. Check your bank account(s) regularly
    35. Sell unwanted items
    36. Do any overtime that you can
    37. Find cheaper or free hobbies
    38. Find a hobby that you can earn from
    39. Only go “luxury” shopping when you have 5+ items on your list or buy everything you need in one trip so you don’t have to make multiple trips to get 1-2 things.
    40. Get cheaper Water/gas/electricity/phone/internet bills
    41. Swap / borrow / Say yes to items from family & friends
    42. If there’s an item you want, put it on a list then after 30 days, get it if you still want it
    43. Move to a different bank that offers more for you
    44. Repair things if you can or buy second hand
    45. Only buy computer games / DVDs with replay value
    46. Quit an expensive bad habit such as drinking a lot or smoking etc.
    47. Make extra dinner for the next day
    48. Turn off things you don’t need on such as lights, computers and plug sockets when not in use
    49. Switch to energy saving lightbulbs / lightbulbs that lasts a long time
    50. Layer up in winter or use windows to cool down / Have a programmable thermostat
    51. Use price comparison sites
    52. Holiday shop/Gift buy in the sales
    53. Create a visual reminder of your goals or debt snowball
    54. Use work benefits
    55. Do regular maintenance & cleaning on appliances and tech
    56. Make bills & important payments online and on time!
    57. Internet shop
    58. Organise a finance ‘day’ or hour to check through all financials and to do tasks such as couponing etc.
    59. Meal plan
    60. Have a minimal wardrobe or a few items for each occasion
    61. Leave your card at home for a certain amount of days each month
    62. Don’t sign up to gyms. Watch Youtube for home exercises or utilize green areas & streets
    63. Limit microwave meals and sweets
    64. Wash clothes less - rewear clothing that isn’t dirt or smells & air dry when you can
    65. Eat less meat
    66. Create an inventory list of what’s in the freezer, move stuff that has to be eaten first at the front of the freezer and things with longer dates at the back & cross off as & when you use them
    67. Find a easy side job / side hustle
    68. Stay in the loop with news about financial things; New currency, House prices, Bill costs shifting etc.
    69. Check your pay & taxes
    70. Grow your own veg & herbs
    71. Only order tap water at restaurants or buy refillable soft drinks if there is the option
    72. Check for whoopsies first when shopping but only get things you need or what’s on your list
    73. Buy multipacks of household items such as toothbrushes, toothpaste,wet wipes etc.
    74. Sign up for freebies
    75. Set up an emergency fund and or keep an emergency stash of money,
    76. If you don’t use it in that month, put it in savings/piggy bank
    77. Check emails for offers/vouchers/discounts & purge unneeded emails
    78. Sign up for cash back sites but only use when needed & check offers/vouchers
    79. Use sites like swagbucks/click sense to boost money
    80. Stick to reliable , fuel efficient car
    81. Go pre-paid NHS
    82. Do your own nails & hair or find a friend/family member to do so for you
    83. Cancel the cable TV or Satellite channels you don’t watch

      new
    84. Use charity shop donations bags as bin bags
    85. Empty purses of change at the end of each week, keep bank coin bags and when they are filled, take them to be cashed in or when your pot is full/ after 3-6 months etc..
    86. Use boiled water from the kettle to use for washing up
    87. Use food up by the USE BY date and not best before date
    88. Have a free or cheap date night
    89. Use sites like gumtree, ebay for second hand things
    90. Use apps to make free calls, picture messages and text such as skype, whatsapp
    91. Make the most out of apps that gives you free stuff - freeprints enables you to 45 6x4” prints, Amazon for free kindle books
    92. Download an app to create a budget, each morning & evening look at it and add expenses or just check if you’re in budget or not
    93. If you want to have a nice evening out or a day trip ect… use voucher sites or discount code sites
    94. Buy presents in the sale or use cheap / clearence sites like everything5pounds.com or only look in the £0-£10 sections during online shopping websites such as boohoo.com. You can use the filters usually to select your prefered price range.

    Challenges to save money
    1. Save all £5/£10 notes / £2 coins
    2. 52 week saving challenge
    3. £100.00 Spending diet - Only have this amount for you each month
    4. Sealed pot
    5. No Spend Month
    6. 1% challenge (save percentages in savings account)
    7. 5% challenge (save percentages in savings account)
    8. 10% challenge (save percentages in savings account)
    9. put £1/£2/ in your savings for how ever amount of times you've done the tasks from this challenge
    10. £100 summer / winter / christmas / school holidays challenge - found on instagram
    11. Envelope challenge
    12. 1p saving challenge
    13. Bi-weekly saving challenge
    14. Monthly saving challenge
    15. Transfer a small amount of money to savings for 1,000 steps, Jog a mile,
    16. £10 weekly savings
    Last edited by dreamtruce; 27-04-2017 at 7:32 PM.
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
    • Purplemumof2
    • By Purplemumof2 24th Apr 17, 1:25 PM
    • 4,947 Posts
    • 16,036 Thanks
    Purplemumof2
    • #5
    • 24th Apr 17, 1:25 PM
    • #5
    • 24th Apr 17, 1:25 PM
    Found you again! I'd like to join for May please.

    Thanks

    Pmo2
    x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7550.00 Cap 1: £557.64 BC: £4040.00 Overdraft: £2750.00



    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 10 2017 #003
    • Jo Blogs
    • By Jo Blogs 24th Apr 17, 11:33 PM
    • 750 Posts
    • 2,573 Thanks
    Jo Blogs
    • #6
    • 24th Apr 17, 11:33 PM
    • #6
    • 24th Apr 17, 11:33 PM
    Decided to keep my list the same(ish) for this month, although I might change it from time to time

    2, 5, 6, 8, 9, 11, 16, 21, 23 ,27, 28, 35, 36, 39, and 42
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Aug] £58.44 for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 July NSDs 19/15CCCChl 7/12 months
    July PPChl#002 Pts 71
    • dreamtruce
    • By dreamtruce 25th Apr 17, 12:03 AM
    • 100 Posts
    • 155 Thanks
    dreamtruce
    • #7
    • 25th Apr 17, 12:03 AM
    • #7
    • 25th Apr 17, 12:03 AM
    Thats cool, Jo Blogs!
    Change as you need to, I probably will. Depends on how this month goes...
    first month in the new place.

    I add ways to save money - I reworded some tasks and added challenges to help others.
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
    • Jo Blogs
    • By Jo Blogs 25th Apr 17, 12:26 AM
    • 750 Posts
    • 2,573 Thanks
    Jo Blogs
    • #8
    • 25th Apr 17, 12:26 AM
    • #8
    • 25th Apr 17, 12:26 AM
    Thanks for the updated list of tasks & ideas dreamtruce
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Aug] £58.44 for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 July NSDs 19/15CCCChl 7/12 months
    July PPChl#002 Pts 71
    • dreamtruce
    • By dreamtruce 25th Apr 17, 9:16 PM
    • 100 Posts
    • 155 Thanks
    dreamtruce
    • #9
    • 25th Apr 17, 9:16 PM
    • #9
    • 25th Apr 17, 9:16 PM
    No problem , should be a bit clearer hehe.

    Here's my list for May!
    I'm using the Habitbull app to keep in check but I can't add the tasks until Monday as it starts from the day you create the goals.
    Is anyone else using an app to track? how do you track your goals?

    Monthly Task:
    1. New Aim for 15 NSDs
    2. Create a visual reminder of your goals
    3. Do regular maintenance & cleaning on appliances and tech

    Everyday tasks:
    1.Make a shopping list & stick to it!
    2.Check your bank account(s) regularly / Each Day
    3.Turn off things you don’t need or don’t need to have
    4.Organise a finance ‘day’ or hour to check through all financials and to do tasks such as couponing etc.
    5.Leave your card at home for a certain amount of days each month
    6.Create an inventory list of what’s in the freezer, move stuff that has to be eaten first at the front of the freezer and things with longer dates at the back & cross off as & when you use them
    7. Quit an expensive bad habit such as drinking a lot or smoking etc. / Stop buying sweets & coffee out
    8. Reuse your shopping bags
    9. Use loyalty cards or loyalty apps always - Keep receipts for those times that you forget to bring them so you can get them added next time
    10. Buy lunch items & Home items in bulk from the poundshop or on sale

    Self care & personal development goals
    1.Have a self-date to make time for what i want to do or to destress/spa day
    2.Create a to do list and stick to it as best as i can to stay organised

    Ontop of this, I will be do a £10 a week challenge, if i can afford it.
    I will be putting the £10 into my emergency fund.

    There's so many challenges I'd like to do,
    just can't do them all at once
    Last edited by dreamtruce; 30-04-2017 at 12:36 PM. Reason: Changed monthly task as my boyfriend also puts money in & haven't discussed it with him yet.
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
    • dreamtruce
    • By dreamtruce 30th Apr 17, 11:45 AM
    • 100 Posts
    • 155 Thanks
    dreamtruce
    Bumping as It's almost may!

    Come join us & have a chin wag

    What are your plans for May Bank Holiday?
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
    • ceb1995
    • By ceb1995 30th Apr 17, 12:08 PM
    • 140 Posts
    • 134 Thanks
    ceb1995
    Mind if I join you all? I like to think i m reasonably savvy but my little spends have been adding up since I started working full time and got slightly less accountable to myself (and got a honeymoon to pay for which unfortunately has ended up £150 over budget so far because i didnt buy travel insurance and eurostar have cancelled the trains for that days so want to try to claw that back over the next couple of months) .
    I think i'd like to go for 3,5,9,12,14,18,21,23,24,27,28,30 ,42,47,48.
    Earnings 2017:
    Swagbucks £49
    Cashback: £113.04
    • dreamtruce
    • By dreamtruce 30th Apr 17, 12:38 PM
    • 100 Posts
    • 155 Thanks
    dreamtruce
    Sounds good!
    Welcome to the challenge, ceb1995!
    Thats a good reason to join.

    Good goals too !
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
    • ceb1995
    • By ceb1995 30th Apr 17, 12:40 PM
    • 140 Posts
    • 134 Thanks
    ceb1995
    Sounds good!
    Welcome to the challenge, ceb1995!
    Thats a good reason to join.

    Good goals too !
    Originally posted by dreamtruce
    thank you Some of the goals like buying less coffees out are ones I've been meaning to work on for a while but never made much progress, hopefully this month will be the one I do it.
    Earnings 2017:
    Swagbucks £49
    Cashback: £113.04
    • dreamtruce
    • By dreamtruce 30th Apr 17, 1:35 PM
    • 100 Posts
    • 155 Thanks
    dreamtruce
    Everything will take time!
    I absolutely suck with money. I forget I need it and don't have too much care for it because I don't see it as something material like ... I spend it on having a good time or to do nice things with it.

    I need to be more financially aware now that me & my partner has just moved in and renting our first house...plus we have a lot of life dreams like marriage and kids and stuff. there's no rush for it but nice to have some cash behind us to take some of the stress away. those things aren't set in stone but he keeps leaving hints and stuff. No rush for us though
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
    • ceb1995
    • By ceb1995 30th Apr 17, 1:40 PM
    • 140 Posts
    • 134 Thanks
    ceb1995
    Everything will take time!
    I absolutely suck with money. I forget I need it and don't have too much care for it because I don't see it as something material like ... I spend it on having a good time or to do nice things with it.

    I need to be more financially aware now that me & my partner has just moved in and renting our first house...plus we have a lot of life dreams like marriage and kids and stuff. there's no rush for it but nice to have some cash behind us to take some of the stress away. those things aren't set in stone but he keeps leaving hints and stuff. No rush for us though
    Originally posted by dreamtruce
    I think moving in does make you more financially aware, we're great with the cost of our bills and food, it's just the non necessities i need to work on that i know will take time. I've managed to have much more self control with a wedding budget than i've had on buying coffees, sweets and beauty stuff for myself, you'd think it'd be the other way round.
    Earnings 2017:
    Swagbucks £49
    Cashback: £113.04
    • Jelllibeanz
    • By Jelllibeanz 30th Apr 17, 6:58 PM
    • 83 Posts
    • 221 Thanks
    Jelllibeanz
    Count me in!
    Hi

    I've never tried a challenge like this before so I am interested to see how it motivates me. Have had a few spendy days, so am hoping this will help to keep me focused. I've decided to the following:
    1. Keep a change jar - will be doing this with £ coins for our summer hols
    2. Keep an expense log - am not so good at doing this when I'm at home and with 2 BH this month I ought to be more careful
    3. Have a monthly goal of a certain amount of No Spend Days - I'm going to aim for 14 - monthly
    4. Take your meals to work - need to focus on this more
    5. Go on a clothes shopping freeze monthly/for a certain amount of time - no more clothes for me until June and it's gonna be a tough one! - monthly
    6. Make a shopping list & stick to it! - been slipping with this lately. If I go on my own I am more likely to stay in control of what goes in the trolley
    7. Sell unwanted items - there are a couple of bits that I should get rid of. Better to make money and for them to be loved by someone else
    8. Use charity shop donations bags as bin bags - never thought of this one before
    9. Grow your own veg & herbs - I bought the seeds approx 4 weeks ago, but still haven't got the kids round to doing it.
    10. Quit an expensive bad habit such as drinking a lot or smoking etc. - don't know about quit, but definitely reduce my wine intake (she says with a glass in hand)
    11. Make extra dinner for the next day - haven't done this for a little while
    12. Meal plan - if I do an inventory then I will be better prepared. There's plenty there. Just need a few bits and to be organised - monthly
    13. If you don’t use it in that month, put it in savings/piggy bank - definitely like this idea
    14. clean and maintain appliances etc - the cooker, iron, kettle, dishwasher and washing machine would definitely benefit from this
    15. Take the dog for a run - have a new F1tb1t to add to the motivation and might do a zombie run with the kids in the morning and it is a win win as it is good for my mental health too.

    Now need to stick this somewhere and explain to MrJ I may need a kick up the backside so it will need to be somewhere public e.g. the fridge
    Control freak taking back the reins MF and DF Wannabe
    M '09 = £103k M Feb '17 =£79.9k, Aug 17 = £72.1k Original End Date = Apr '34
    CC = £2900 £1650
    Loan = £7000 £6300
    Onwards and upwards
    • dreamtruce
    • By dreamtruce 30th Apr 17, 10:06 PM
    • 100 Posts
    • 155 Thanks
    dreamtruce
    Nice to have you alongside us,Jelllibeanz!

    That's a super good list you've got there and some of my goals are similar too!
    Aha, I too had a glass of wine *shh* Having a visual reminder is such a good thing as it would help you to focus.

    I made this challenge because I find it hard to save money by doing just one thing, and i get flustered with a million of other ways to save too plus each month is different.

    I enjoy having my goals on an app ( i played around with a few today to get ready for tomorrow and beyond) - I found an app i liked that would work well for me in this challenge as you can create your own catagories and rewards and unlock them when you earn a certain amount of points, but you could only have unlimited goals on premium...which i did buy but Thats just me as I felt i would benefit from these extra features. It's called habithub. I also use habitshare too - which is free, you can add friends by email or phone contacts to it and has unlimited tasks.
    I need to find a way of incoperating this list into my budget journal I recently purchased.
    Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 15
    • Jo Blogs
    • By Jo Blogs 30th Apr 17, 10:48 PM
    • 750 Posts
    • 2,573 Thanks
    Jo Blogs
    Looking forward to the May challenge

    Some great ideas folks

    Are we going to start our points for a new month from 0 or carry on? Happy to start afresh

    Hope you all have a great evening
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Aug] £58.44 for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 July NSDs 19/15CCCChl 7/12 months
    July PPChl#002 Pts 71
    • Jo Blogs
    • By Jo Blogs 1st May 17, 1:47 AM
    • 750 Posts
    • 2,573 Thanks
    Jo Blogs
    Good morning everyone

    Zooming along on the May bandwagon express and I have......

    Checked my bank account(s) (1 point)
    Checked my savings account(s) (1 point)
    Made payments into my savings accounts (11 points)
    Made 2 payments to charity (2 points)
    Today will be NSD No.1 (1 point)
    Sold 8 items on the bay yesterday (8 points)
    Sorted out my budget for the month yesterday (1 point)
    Sorted out my budget spreadsheet for the month yesterday (1 point)
    Updated my budget spreadsheet yesterday (1 point)
    Sorted out my expenses spreadsheet for the month yesterday (1 point)
    Updated my expenses spreadsheet yesterday (1 point)

    Adding 29 points to my May total

    Wishing you all a super MPPDay!
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Aug] £58.44 for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 July NSDs 19/15CCCChl 7/12 months
    July PPChl#002 Pts 71
    • ceb1995
    • By ceb1995 1st May 17, 7:53 AM
    • 140 Posts
    • 134 Thanks
    ceb1995
    So today we re off out to the cinema but plan to stick to just the £20 or so I ve left in my purse and I ve found a 25% off code that we can use for lunch and I prebooked the tickets online earlier in the week which means cheaper prices for them and I got to use my student card.

    I also made a start last night by making a spreadsheet for May and having looked at last months bank statement decided to set my personal budget as £140 (last month was over £160 which included a couple of trips to coffee shops and two takeaway so I m confident that's doable). I ve decided on 12 NSDs for the month, I m in work 16 days so if I just took lunches and my bottle of water for these days this should be doable.
    So that's 3 points today I think
    Earnings 2017:
    Swagbucks £49
    Cashback: £113.04
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