Second Purse Challenge 2012

Mothership

Thats exactly what it is your own little shop, only you get the profits. Your also your own bank.

One of the things I found most helpful when I first started the 2nd Purse all those years ago, was if I ever needed money for something, it was there in the 2nd Purse. It saved my neck many a time especially when my children were young and always needing something.

Thank you for setting up the thread Kerri.

Just a thought, why don't we list the things we buy, where we get them and at what cost at the foot of our posts so that everyone knows there's a bargain to be had ( and put it in bold).

I check regularly for items for my stockpile. I can go into a supermarket now and walk out with the offers and any whoopsies I can use. That feels sooooooo good.

Good Luck!

Last Year I set up a separate account with its own switch card with the 2nd and 3rd Purse money in it. Its working really well. I put all the multi buy purchases through the checkout separately, and transfer over what I owe the purse at the end of the month along with the £10 for the month.

kerri_dfw

I should have left another post for that, then we could have a weekly offers list. I'll use post #4 for that for now and update it as regularly as I can, I am on the pc every evening at least.

Ok post #4 setup with current offers. I've stuck on my baked beans one. I don't know of any others at the moment.

skintmum2012

Count me in I was going to try to do this anyway doing it as a challange it much more fun Can't really think of anything I want though :S I guess what I would really like is to spend lots on the kids at X mass so I will safe anything over £100 for them

kerri_dfw

HelenPie I spent £70 odd before I even knew about the 2nd purse stocking up on a few bargains so I've counted that as money into the purse, then money straight out of the purse. I have been transferring money from my bank account into my saver this week when I've used stockpile items, then when I go to lido to get more beans later, I'll move money out of the saver into my bank account to cover the cost.

Example:
1 pack beans £0.99 in lido
2nd purse transfers £0.99 to first purse so I can trundle off to lido for beans
1st purse buys beans

eat beans
1st purse transfers £0.64 (current price) to 2nd purse

But if you have physical purses then you don't need to do the initial money transfer when you buy the beans

HelenPie

Sounds good to me!

Thank you for setting this up Kerri, and thanks Mothership for sharing the idea and all the help in your other posts. :T

I will start when I next do my monthly transfers on 25th (payday). Is it a bit sad that I'm excited?!


Helen x

kerri_dfw

HelenPie wrote: »

Sounds good to me!

Thank you for setting this up Kerri, and thanks Mothership for sharing the idea and all the help in your other posts. :T

I will start when I next do my monthly transfers on 25th (payday). Is it a bit sad that I'm excited?!


Helen x

Nope not at all, I've got to go find some more shelves to put the stuff on now.

eddi

Ooh I'd like to have a go please Kerri. I need to get my head round the spreadsheet first... but I do a lot of stockpiling when things are on offer (people think I'm funny I'm sure). I just get a bit excitable when things I use anyway or things I can use in their place are going cheap :j

I shall aim to cover the cost of my worldwide Ancestry membership renewal. I managed to get it at 40% discount and cashback last year as a new subscription but I imagine it'll be almost full whack next time which currently stands at £155.40.

So I am £0 / £155.40 Ancestry membership at the mo

Helpful explanation to think of it as my own little shop. Hooray I'm a shopowner. I need some shelving :rotfl:

eddi

kerri_dfw wrote: »

#007 eddi

Awesome .... shaken not stirred Moneypenny :rotfl:

fozziebeartoo

Can I join please?

Just this morning I was trying to explain the 2nd Purse to my teenage DD.....

I was trying to explain she needed to tell me if something came out of my "store" so I could pay the 2nd purse, but I didnt do a good job explaining

I would like to try and get £200 so I can buy a really WARM pair of posh boots for my ginormous feet next winter.....I am fed up with cheap shoes and very cold toes :eek:

And I have never, ever had posh footwear in my entire life so that would be an entirely selfish indulgence.:D

kerri_dfw

fozziebeartoo wrote: »

Can I join please?

Just this morning I was trying to explain the 2nd Purse to my teenage DD.....

I was trying to explain she needed to tell me if something came out of my "store" so I could pay the 2nd purse, but I didnt do a good job explaining

If you do a stocktake every now and then you'll be able to see if she's forgotten to tell you. I intend to do this every Weds when I check current prices, as my housemate might pinch some beans or loo roll without telling me.