Newbies' 10K in 2010 Challenge!! :)

oreo7504

Well done to everyone, I haven't been about much recently & won't for the next week & a bit as I'm busy at work making extra money to go towards my 10k.

Jellicat

Unfortunately my hours have been cut in half in work again so I am probably not going to be able to do this challenge. In fact if I can even meet minimum repayments I'll be very surprised. :mad:

Nottoobadyet

Popping back in... Found out I got a nice little pay increase this year! I think it will add about £100 to my take home pay, which will make my plans this year more realistic! Bonus wont be coming until April ish, so hopefully that will be another boost.

NewlyFrugalMumof3

Am keep a little 'cash book' and updating it daily on Grocery Challenge and £10K challenge and it is keeping me on straight and narrow, for once. Wish I'd done this years ago.

Anway, have earned a couple cashbacks, an amazon sale, found loose change on worktop (OHs) and cashed up bagged coppers - plus put away regular saving so now am a 10th of way to £10K - whoohooo!

Keep on doing great everyone. What seems like really hard work initially is turning into an OCD challenge for me!! Will check Amazon listings tomorrow and add some more for sale bits and bobs.

Night all.

webitha

morning all i got another £30 in coins which i will add to pot when ive converted it into notes which will be mon,
sod it after uuumm and aaaaarrrr ing im gonna call BG for a refund and nice £150 to add, the rest can stay there.

im also seriously considering selling my terry pratchett books, i got them all, inc signed ones maps etc, which is the best for that?

museumworker

Boomdocker wrote: »

Just seeing that some people are counting savings made on purchases and bills etc. Are you counting that as you have made a theoretical saving that you otherwise would have spent or are you only counting it if you have banked/utilised the saving.

ie I just ordered a present at RRP £20 reduced to £6 in a sale. Should I count a £14 saving or only if I actually bank £14 in my savings. Does that make sense?

What's the consensus?

Hi boomdecker, that is always a tricky one, and a personal decision. Would you have purchased the item at its full price? Is it something you would normally or had to buy? I count savings in this challenge, but usually on things that I would have bought the same time last year. I know I spend roughly £10 on presents, for example, per person, so if I made or bought a present for £3 I would physically put the £7 straight into savings. If I didn't have a spare £7 then I couldn't have afforded it in the first place! Transferring money into an account or pot when you save is a great way of watching the savings mount up.

jojitsui

Jellicat- Chin up lovely that is really crap news. Hope things in work get better very soon and they increase ur hours again and also give you a nice chunky pay raise for being so loyal (doubt it but it would be very nice)

loumac

Afternoon all and welcome to all new comers! :j

Jellicat, keep your chin up - you're in the best place for help and advice if money is going to be tight!

I'm more determined than ever to achieve this, this year. We had our flat valued this morning to very disappointing news. We're valued at about £75k with an expectation to achieve £70k. The mortgage is still for £65k so nothing for us to work with to move up the ladder.

The advice was to save a deposit for a house and keep the flat as more likely to rent than sell. So debts need to be cleared and saving needs to start happening big time!

Have today received £68 in ebay sales and posted phones worth £71 so fingers crossed that each little bit helps. Thanks to every one on here though because without you that extra income would be frittered away!

Have received free vouchers for local mecca tonight so free night out planned too! :rotfl:

Fluffy30

I have managed to pay £650 off rent arrears and £100 off supplier 2 debt.

so total to date is £750 out of £10 000.

peetzil39

That's a great start Fluffy30, & welcome aboard! Poor Jellicat, sorry to here about your job, it's so frustrating when things like that happen, hopefully all the experienced moneysavers on here can help you maximise what you stil have, and make the best of your situation. Fingers crossed for you :undecided
Peetzil x