August no spend + £15 a day challenge

rictus123

As the title says, starting on Saturday the 1st of August i hope to last the whole month with absolute no spending except what i budget for while making £15 a day from ebay/betfair or any other way i can. Il be doing as much overtime at work that i can but this doesnt count for my £15 a day.


Debt at the 1st of August = £1,975.77
ISA = £60
Current account = ??? Will post this tomorrow night when i know exactly how much itl be starting at

Aim of £15 a day may seem hard but i think i can manage this if i really put everything iv got into it. Will be largly relying on ebay sales.

This extra income will bring £465 if i manage it on an average of £15 a day which will go straight to the debt on the 31st of August when the challenge is complete(hopefully )

Any ideas how to hit the £15 a day other than betfair(slightly risky i know) or ebay sales(only really sold clothes/trainers so far)?

My expenses for the month -
£70 for diesel for my van - will need to spend this as to and from work 6 days a week and to and from the gfs on a weekend-(plus its easier not to spend when im at hers,we can keep entertained for free )
£30 for my brothers birthday on the 28th
£100 digs to my mum
£35 phone bill
£72 loan repayment

So really i should manage to get through the month with £307 expenses.

Wages should be £500+(not sure as just got my payrise so not been paid on my new rate yet) on the 7th and 21st = More than £1000 wages

Combined with my Challenge i should be clearning £1500 income this month with just £307 going out.


Wish me luck, you can follow it here, il be keeping you updated. Hopefully this thread will get me motivated and get me going.

jenjade

OMG that is a great idea i really hope you can do it! It will kick that debt into touch

Good luck i hope you get some followers!

rictus123

1st post got to be the best post iv ever had aimed at me! You are getting my first ever thanks on here! Im guilty of ignoring the feature even when people have been helping me. Well I sure hope i can do it, how have you almost reached your target with a third of the year left to go? Thats amazing!

LeeSouthEast

I'd join you but £15 a DAY is a bit of a push for me. I'm happy to be in the "All of August is NSD" club though

rictus123

Whats stated above will be my only spending which should not be too hard. Are you trying to pay off more than 10k of debt by the end of this year? Good luck to you! Join me on the NSD and choose your own amount for how much you would try to earn a day and post in here to motivate each other and encourage each other to keep going. I was going to go for £20 a day but since im not including overtime il settle for £15 a day. Even £10 a day is £310 for the month, still a 33% payrise for me at the end of the month!

Im sure iv asked before about my wages but £6.56 an hour for 39 hours a week basic then 15 hours time and a half. Since i get paid fortnightly itl be 78 hours normal + 30 hours time and a half. What do you think il be on after tax and insurance?

Il need to put alot of stuff on ebay if im hoping to get £465 just from that! Any ideas?

happymumof3

Wow, you are very dedicated, I will definately be following your journey and willing you on!

Would love to join you in the NSD for August, but this is all very new to me, so going to just spend August on concentrating on keeping my grocery bill intact

Wishing you the best of luck!

rictus123

Thanks very much, nah i dont think you should join me in your condition, maybe too stressful? Lol just put 3 items on ebay, so 3 down about 15 to go

staffie1

what sort of stuff are you putting on ebay?

rictus123

Just clothes! Already sold 2 pairs of boots and 2 pairs of trainers, now its all t-shirts and jumpers going on! Do you sell on ebay? Any other ideas on supplementing my income?

staffie1

I'm in the middle of having a good clearout as well - again boots and trainers and various clothes going on ebay! I did have 3 old mobile phones I just sold to Mazuma and got £70 which was good - especially as one of them wasn't working.

*Vikki*

Good luck! I will join you in the no spend days in August!