New Challenge - Double Your Money!

fairyclicks

Hi Everyone and Welcome to this new challenge

I have started a few challenges on here and they are going well so thought it was time for another :rotfl:

Double your Money is something we all want to do, right? If not why not?? lol

The idea came to me when i was in a buy and sell frame of mind - simple idea - Spend £? on stuff and sell it for profit. Then i realised there are lots of other ways to double your money as well, you could use vouchers and reduced buys to make your £20 budget go further, you maybe want to increase your savings - these are a few options that have come to me over the past few days and i am sure there must be more The theme is simply to make our money work harder for us.

How Can you Double your Money? Well here are a few ideas that might help to get you started:

First of all maybe you could think of a general idea of what way you would like to do it?

Are you thinking buy and sell? Double your groceries? Double your savings? Double your income? Double your survey money?

There are also things like double your ebay sales, double your petrol (as in make it go further), or double your club card points/account points.

If you have no money to start with why not look around the house to see if you have something you could sell, then try to double the money made from that sale.

You could start with 1p and see if you can find another 1p searching for the famous roadkill (as in money you find on the ground for anyone who hasn't come across the term in the context of money before!)

Other things you could do:

• Buy something and sell it for a profit
• Use Vouchers and Coupons to make your money go further
• Buy things from the reduced section when shopping
• Add to your savings every week
• Make your petrol go further by walking a bit or clearing out the car
• Be more effecient with your gas or electric by turning your heating down
• Pay extra off your credit card to reduce interest costs
• apply for and use a loyalty card for places you shop
• Use food up and don't let it go out of date
• womble for things that can help you save money
• make do and mend instead of throwing out and buying new
• buy things from a charity shop
• use the library instead of buying books
• sell things you have in the house and don't need
• move your savings to a higher interest account
• shop around for utility bill deals

Whatever it is you want to do the question is can we really double our money?? Well you will only know if you try BUT PLEASE BE CAREFUL WITH YOUR MONEY, DON'T RISK WHAT YOU CAN'T AFFORD TO LOSE IN ANY SHAPE OR FORM PLEASE!!!!!! REMEMBER BUYING AND SELLING IS NOT ALWAYS SUCCESSFUL AND BE VERY WARY OF GAMBLING TOO - THIS THREAD DOES NOT SUPPORT GAMBLING EVEN IF INDIVIDUALS ON HERE POST ABOUT IT.

The only 'rule' i have is this - you start with something and you try to double it, could be £1 could be £100, or if you are very ambitious £1000. It could be your shopping budget you want to get twice as much from, it could be you want to double your whole income - the choice is up to you.

With timings its up to you as well - do you want to turn your £1 into £2 in 1 day? Do you want to do a double grocery shop for 1 week? Do you want to start with £50 and end up with £100 at the end of the month? Again you choose!

Are you up for the challenge? Come join me cos i'm a little bit scared :eek: :rotfl::rotfl::rotfl::rotfl:

Fairyclicks xx

fairyclicks

People doing this challenge are:

Fairyclicks - Starting 24th Feb 2012 with £5 for buy and sell + £2 + 50p spent = £15 target

made so far £2.24/£15 saved so far £99.14/£500

Natterjack88 - Starting 1st March with £250 ish lol

made so far

Rosie - Starting in March with ?? not sure yet

made so far

lolly101 - Starting in March with ??? not really sure yet either

made so far

katrss7 - Starting in March with £5

made so far £8.50

misskwa - starting 27th Feb with £50

made so far

fairyclicks

Right folks, I am starting today with £5 in the pot and i am going to do some buying and selling with it and see if i can double it by monday :eek::eek::eek:

I'm going to do some real hard searching in the charity shops, markets, pound shops, on gumtree etc today to look for bargains that i might be able to sell on over the weekend.........

Wish me Luck :D

Fairy xx

Natterjack88

I'll come and join you- I do a bit of buy to sell and would love to make in a month what I earn at work as I would love to give up my job (only part time). I'll work out how many £s I have in stock etc, but would like to double £250, will prob start properly in March though

fairyclicks

Natterjack88 wrote: »

I'll come and join you- I do a bit of buy to sell and would love to make in a month what I earn at work as I would love to give up my job (only part time). I'll work out how many £s I have in stock etc, but would like to double £250, will prob start properly in March though

Ohhhhh Welcome Nats would be brill to double £250 :j:j I will add you to the list and sure you can confirm your starting amount and date for me

I was going to wait to March to start then thought, nope strike while the iron is hot an all that And if i double my 5er over the weekend, then double it again it will give me more to start March off with :D Thats the plan anyway ........will see how it works out soon enough :rotfl::rotfl:

Rosie

I,ll give it a go Fairy. I will have a few days thinking and start in March.
Rosie x

TM6

Good luck FC on this fab challenge :grouphug:

I'm not going to join you on this one but as one of your 'Happy Steppers Crew' I wanted to come on here and wish you all the best - don't forget to come back to us and let us know how you are doing

P.S.
If you are intrigued what the Happy Steppers Crew is, have a gander at this welcolming and supportive thread

https://forums.moneysavingexpert.com/discussion/3718193

lolly101

Hey everyone,

I love this idea Fairy!

At the moment I'm thinking that I've got £200 in my Zopa account and would like to double that. I'm not sure how I'd do it though as that money is 'locked away', so I can't really use it to try and double it. Think I'll keep an eye on you all to try and get some ideas over the next few days and will hopefully join you properly in March.

nat21luv

Oh here I am, bringing the thread down; feel like a right spoil sport but if your buying to sell, making stuff to sell and some other scenarios I cant think of right now, dont you have to inform mister tax man?

I'll slither off to where I came from now...I might leave a snail trail too.....

fairyclicks

Great stuff Welcome to you Rosie & lolly

TM - you'll be back for a nosey i'm sure so welcome to you too :rotfl: and no i would never forget about the happy steppers i will be there stepping away as usual!!

and Nat......hmmmmm

nat21luv wrote: »

Oh here I am, bringing the thread down; feel like a right spoil sport but if your buying to sell, making stuff to sell and some other scenarios I cant think of right now, dont you have to inform mister tax man?

I'll slither off to where I came from now...I might leave a snail trail too.....

hahaha Nat yes sod off with your snail trail :rotfl::rotfl::rotfl: It is a good point though, so thanks for highlighting that one for us I know a lot of people who buy and sell or make to sell are already in touch with Mr Tax Man, though if you are not sure if you need to be telling him what you are up to do please check it out

Remember though that you can do this challenge by doubling the groceries you buy with your food budget or double your savings (which is already taxed!) so there are ways of taking part without worrying about Tax

Happy Ms Nats???? you can slither back again if you want to

xxx

katrss7

I'd love to join you. In April I'm giving up work to start "the good life" and could do with a practise in March. I'm just going to start with £5 and see where I get in the month.