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Breaking the cycle of debt

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  • savingholmes
    savingholmes Posts: 29,152 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    How does quidco work? I looked at it last night but didn't understand how it works? Any advice?

    M
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £3K Net savings after CCs March 26 (but owed £1.1K) so £4.1K
    3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
  • mum2one
    mum2one Posts: 16,279 Forumite
    Xmas Saver!
    Sign up to Quidco, u have a user name and password, Quidco works 2 ways, 1st is a % or a set fee for using a service, eg I purchased a patio set from Woolworth, could pick it up from store, or go into Quidco, click Woolworths, brings me into Woolworths web site, purchase my item, (pay there and then), and I can either pich up in store or have it delievered, get upto 8% purchase price, say spent £100, get £8.00 back into quidco, most work on that principal, the other way is - u log on to a service eg Price Runner, click the link then do a search, I always use something simple say ds lite or whisky and I get credited 4p. The money credited into the account can take upto 3 months b4 u can with draw it. If you get stuck, give me a shout and if I can help I will x
    xx rip dad... we had our ups and downs but we’re always be family xx
  • Spending gives me a buzz. I can go from having no energy whatsoever to feeling (all too briefly) high just by going to the shops. It also provides social contact and some of the very slight exercise I get - working full time, having kids and being a couch potato! I've never quite managed to sustain getting the same buzz from not spending.


    Coming on here regularly and reading other people's stories will inspire and hopefully focus you a bit, and you may find that saving money becomes your new buzz.
    Exercise can give you a buzz too or something that needs practise and that you build up-learning a language or a musical instrument, or a team sport..an activity that makes you feel part of something.
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