Millionaire Challenge

martinjs_2

Yes, I should be able to put a fair bit away each month now. Although OH is insistent that grocery shopping is 185 a week minimum ??

No idea as I have no hand in it.

nat21luv

martinjs wrote: »

Yes, I should be able to put a fair bit away each month now. Although OH is insistent that grocery shopping is 185 a week minimum ??

No idea as I have no hand in it.

Hehe, think she's giving herself a little bit extra pocket money every week!

martinjs_2

nat21luv wrote: »

Hehe, think she's giving herself a little bit extra pocket money every week!

She's not really like that, however she is a bit of a clean freak so probably goes on cleaning products!

tinktay84

With 4 kids I would guess that it goes on branded foods such as kelloggs etc..and like you say cleaning products also. You probably could do the shop on around £80 for you al but its whether you feel you need to cut back that far or if yyou feel you can save a fair bit without cutting back on shopping.

completely off track here but need a rant....
I think the problem at the moment is a lot of people arent able to distinguish between essential and luxury. I have a friend that insists on warbys bread and refuses to buy it if its reduced with a short shelf life as it HAS to be fresh...now we buy bread at 10p a loaf a lot (and have even been given money when buying bread several times due to them doing money off when you buy 10 loaves...they still knock the same amount of money off even when bread iss 10p!)

A lot of people see mobile phones, sky, broadband as essential and try the hardest to argue that it reallly is....
I was positivley raging when a woman was on the radio saying she couldnt afford to feed her kids fresh fruit and veg as microwave meals were cheaper!!!! You can buy enough veg for a meal for 4 for less than a £1 and can often buy meat for a few quid now.

Sorry ive gone waaaay off mark! As I say I suspect you are probably able to allow the £185 for shopping if you cut back on other items but its personal choice I prefer to spend less on food and send my son horseriding once a week or buy both kids a treat

nat21luv

You could easily live off £100 a week and be very comfortable. Presume that includes nappies for LO's, even so, still do-able. I can live off £60 a week with 3 kids(2 in nappies and 1 with baby milk) and 2 adults. I cook everything from scratch and buy some branded foods. If not branded, the next one down. With a lot of food, there really is no difference where branded/non branded foods are concerned.

martinjs_2

We'll have to see what we can bring it down by.

Personally I would not be without broadband or sky sports but if I could not afford it then it would have to go.

Mobile I would argue is essential these days but just my opinion.

lincroft1710

martinjs wrote: »

We'll have to see what we can bring it down by.

Personally I would not be without broadband or sky sports but if I could not afford it then it would have to go.

Mobile I would argue is essential these days but just my opinion.

Sadly broadband and a mobile are now more of an essential than a luxury. But you could ditch Sky Sport and save a few pounds.

tinktay84

I have to say I am in agreement that they are becoming more and more 'essential' in peoples day to day lives but its a stretch to actually mark them as 'essential' if you get me?? Ive not got broadband im on a dongle and I have to say I do often find it hard to conduct business via internet especially as we are out in the sticks and as soon as it rains my dongle goes off.And to say I couldnt live without my mobile wouldnt be too far from the truth but if you sit and say food is essential, your mobile doesnt come close.

Just pondering btw I would alwayss use mobile phone as a last resort for saving money.Especialy as nowadays you can get £10 a month mobile plans...hardly going to save you from bankcruptcy

sl1million

I have also taken up the millionaire challenge. But I would like to stress to everyone you really need to get real with the reasons for doing this. They have to fit in with your core beliefs otherwise there will be a conflict of interest. When the reason fits in with your core this will be the driving force for you to suceed. You also need to focus on things you like doing ie if you like buying property buy property focus on that but don't stick to one thing try every avenue but do mostly what you like doing.

wilf55

can i join please? will update later but hello everyone