Second Purse Challenge 2012

polkadot

I had my first Polkadot Palace disaster this afternoon.DS1 had a friend round after school.We use the airing cupboard in his room,and he normally is very good about not going in there.

He went in a got out a 36 pack of penguins,proceeded to (with the help of friend and DS2) to open every single penguin,take a nite or two and dscard.I took away two of his Dr Who cards which means he either has to earn them back before suday or he doesnt get to go swimming with DH on Sunday.

DH yelled at him when he got home as he asked him for a Penguin:rotfl:

I still feel bad as I was really harsh-2 cards is really harsh-and then DH telling him off too...still,dont think he'll do it again anytime soon.

fozziebeartoo

elizabunny wrote: »

Hello everyone!

I am very pleased with my second purse challenge so far. I would like to get another £7.50p in my purse this month if possible (as I am aiming for £20 per month)

I can't believe how quickly my third purse is growing!

I didn't have a proper shop last week as the cupboards were overflowing into next door's!! and just had 2nsds in a row, so not sure what bargains are about at the moment, but I should be shopping Wednesday.

Have a great evening everyone!

Well done elizabuny - your 3rd purse is doing so well!! :T

What is your system for getting money into the 3rd purse?

I am happy with the way 1st and 2nd purses are going but I cannot see me getting anything into my 3rd!! :rotfl::rotfl::rotfl:

Thinking maybe I will tweak my system based on what some other people are doing......

Anyone like to share their system for 3rd purse???

MunniMuncha

Morning everyone:hello:

Now as can be seen from above (and maybe some of you might remember), I am struggling to understand the workings of the 2nd purse and I was wondering if I ask a few of the questions I have had going around in my head for ages now, it might help me to have my lightbulb moment.:o

I have been 2nd pursing for about 5 weeks now and so far have put £60 in my 2nd purse with a further £31.94 to go into it. I have £31.55 left in my grocery budget (out of £250 22 - 21 monthly) so pretty much one outweighs the other - so once that £31.94 goes into 2nd purse, I am overbudget, but will have £41.41 in 2nd purse. Now what I am struggling with is this:

1) As the money is still in my hands, am I now really overbudget in my grocery budget?
2) I have always bought things reduced/on offer, but now I am paying the full price for everything, so can't see how my grocery budget will be able to sustain that? (esp when I was always way over budget before:eek:)
3) Had I bought a BOGOF before 2nd pursing, it would have meant that it would have saved me money on my grocery budget as I would have got 2 for the price of 1, but am now paying for 2, albeit to myself so how does this work in bringing down grocery budget?

Sorry for all the questions but really want to get this right in my head.:( I know it works tho as you can see from my figures above:j, but just want to understand how - and its driving me nuts:mad:

Thank you for your time and patience and any advice you may be able to give:A Or maybe I am just too thick to get it?:(:o

edit: just re-read my thread and it looks like I am being critical of 2nd pursing, so just wanted to say that I am not as I know it works and is brilliant - I just want to get it right in my head - thank you xx

debtfreewannabe321

morning i've been absent again! But i only pop on here now and then when dh is at home and he's been home this last week! (he thinks i'm mad as it is with trying to get offers on everything never mind if he knew there was a whole load of us, i'd never hear the end of it :rotfl:)

I bought my easter eggs from mr T buy one get two free......just enough for 3 kids then my little monster of a son decided he didn't want to wait until easter. :eek: i caught him eating a whole egg in his room hiding in a corner :eek: little b*&^%r!

I had those coupons from mr T too and I used the £1 off cheese one on cathedral chesse as it is bogof in te$co anyway so was £3.99 for 2. with £1 off worked out to £2.99 for 2 so £1.50 each pack :T

My spreadsheets are all messed up so may need to start again on those dh has been going into the cupboards and helping himself without telling me what he's taken :mad:

I tried my DR mince the other night & i actually had to ask dh what meat he had used. I have NEVER eaten mince that actually tasted like that :eek::o my spag bol was delicious :T:D

I need to update sig, but i think once my 2nd purse gets to £50 i will start halving my money and putting half into paying back 2nd purse & half into starting my 3rd purse :T i'm far too impatient to wait

Oooooh and great news here, a home bargains is opening up some time this month near me, i am SO excited :j:j!

marrbett

My 2nd purse is empty at the moment as there is never any money left over from my grocery money to pay into it:(
However, I'm assuming that in time, there will be and I'm afraid I refuse to owe my 2nd purse money if I haven't got it, as I can't bear owing any more. So, my plan is to try to spend less on food if I can, and start to pay into my 2nd purse slowly.
This is going to take me alot longer than you guys, I think!!!

jakes-mum

fozziebeartoo wrote: »

Anyone like to share their system for 3rd purse???

Im not waiting for the 2nd purse to get to £100, I started paying the difference into my 3rd purse straight away . SO everytime I use something from SOS stores, I put the original purchase price back into the 2nd purse and the saving straight into the 3rd purse. WAAAAAAY to impatient to wait for 2nd purse to fill and I know im much to much of a bargain hunter to ever see that purse with £100 in it

MunniMuncha wrote: »

1) As the money is still in my hands, am I now really overbudget in my grocery budget?
2) I have always bought things reduced/on offer, but now I am paying the full price for everything, so can't see how my grocery budget will be able to sustain that? (esp when I was always way over budget before:eek:)
3) Had I bought a BOGOF before 2nd pursing, it would have meant that it would have saved me money on my grocery budget as I would have got 2 for the price of 1, but am now paying for 2, albeit to myself so how does this work in bringing down grocery budget?

1) yes I would say your 1st purse is over budget as you have spent it in your shop

2)I had this same problem, so I work mine that I only include things I would normally pay full price for in my shop. I would never buy peps1 unless it was on bogof so I dont include it in my stock, but I always have to buy gluten free biscuits so when they were on bogof at tesc0 I bought 4 and then bought them back at the RRP. Some things like dishwasher tablets I have priced at what I would be willing to pay, ive never paid more than £3 for 28 so when I bought a bag of 52 from c0-op for £5 I charged myself £6 rather than the £11 they supposedly cost. HTH and I havent confused you more :eek:

3) The way I see it is that your saving over the long term, if you only had your grocery budget you would buy only 1 of the bogof offer as you didnt have the money for more, by having your second purse you could buy 10 of the bogof deal which in the long run would save you quite a bit of money as with only 2 you would have to go back later when the offer finished and pay full price for them. Yes when you buy them back you are paying full price, but you would have paid full price anyway after the offer finished Plus there is no rule that you have to pay yourself back the full price, its your shop, you price at what you are will ing to pay

rachbc

MunniMuncha wrote: »

1) As the money is still in my hands, am I now really overbudget in my grocery budget?

Officially yes - but you need to be kind to yourslef - being in 'debt' to you is better than being in any other kid of debt!

2) I have always bought things reduced/on offer, but now I am paying the full price for everything, so can't see how my grocery budget will be able to sustain that? (esp when I was always way over budget before:eek:)

I struggle with this too. They way I see it is that it frees up a seperate budget for bulk buying taking the burden off groccery budget. EG - when ocado had meat 25% off plus I had a 25% off code I stocked the freezer with £60 worth of meat whcih woudl last me 6 months. However before second purse this money would come out of that months budget leaving me short for the rest of the month but with tons of meat in. Now if I got a similar offer I would (eventually) have enough in the second purse to buy it then just buy back from myself what I need for each month out of the groccery budget. I rarely set the prices in BB as high as the rrp - your shop - your rules
!
3) Had I bought a BOGOF before 2nd pursing, it would have meant that it would have saved me money on my grocery budget as I would have got 2 for the price of 1, but am now paying for 2, albeit to myself so how does this work in bringing down grocery budget?

Sorry for all the questions but really want to get this right in my head.:( I know it works tho as you can see from my figures above:j, but just want to understand how - and its driving me nuts:mad:

Thank you for your time and patience and any advice you may be able to give:A Or maybe I am just too thick to get it?:(:o

Remember there are no rules - do it how it works for you - its not a competition its t ool to make life easier not harder

fozziebeartoo

debtfreewannabe321 wrote: »

Oooooh and great news here, a home bargains is opening up some time this month near me, i am SO excited :j:j!

Argghhhhhh......I am SO jealous!!!

I need a Home Bargains near me (Southampton).......all my local High St gets is charity shops......

Now I LOVE charity shops but it would be nice to get a new "proper" shop sometime.

tracey12_2

MunniMuncha wrote: »

Morning everyone:hello:

Now as can be seen from above (and maybe some of you might remember), I am struggling to understand the workings of the 2nd purse and I was wondering if I ask a few of the questions I have had going around in my head for ages now, it might help me to have my lightbulb moment.:o

I have been 2nd pursing for about 5 weeks now and so far have put £60 in my 2nd purse with a further £31.94 to go into it. I have £31.55 left in my grocery budget (out of £250 22 - 21 monthly) so pretty much one outweighs the other - so once that £31.94 goes into 2nd purse, I am overbudget, but will have £41.41 in 2nd purse. Now what I am struggling with is this:

1) As the money is still in my hands, am I now really overbudget in my grocery budget?
2) I have always bought things reduced/on offer, but now I am paying the full price for everything, so can't see how my grocery budget will be able to sustain that? (esp when I was always way over budget before:eek:)
3) Had I bought a BOGOF before 2nd pursing, it would have meant that it would have saved me money on my grocery budget as I would have got 2 for the price of 1, but am now paying for 2, albeit to myself so how does this work in bringing down grocery budget?

Sorry for all the questions but really want to get this right in my head.:( I know it works tho as you can see from my figures above:j, but just want to understand how - and its driving me nuts:mad:

Thank you for your time and patience and any advice you may be able to give:A Or maybe I am just too thick to get it?:(:o

edit: just re-read my thread and it looks like I am being critical of 2nd pursing, so just wanted to say that I am not as I know it works and is brilliant - I just want to get it right in my head - thank you xx

I am also doing the grocery challenge and used to find it hard to find a balance between stocking up with second purse and then going over grocery budget.

What I do now is buy any bargains with second purse and don't include that figure in my grocery budget until I actually use the product. For example my girls love R*binsons blackcurrant and it is half price at the moment at £1.82 for 1.75L so bought 5 bottles so if this was included in my grocery budget would have been £9.10. So now if I use 2 bottles this month I would only include £3.64 in this months grocery budget and the rest would be included in next months grocery budget as and when it is used.

When I add the cost to the grocery budget I only add what I paid for it and not the full cost. But when paying back my second purse I pay back the full cost so my purse has maximum profit.

This way you can still bulk buy with your second purse but are not penalising yourself by putting your grocery monthly budget over.

I hope this makes sense.

Tracey

fozziebeartoo

jakes-mum wrote: »

Im not waiting for the 2nd purse to get to £100, I started paying the difference into my 3rd purse straight away . SO everytime I use something from SOS stores, I put the original purchase price back into the 2nd purse and the saving straight into the 3rd purse. WAAAAAAY to impatient to wait for 2nd purse to fill and I know im much to much of a bargain hunter to ever see that purse with £100 in it

Thanks jakes-mum! :T

So if you bought something worth £3 for £2, you would pay 2nd Purse the £2 and put the £1 profit in 3rd Purse.

I can see that might work well for me!