The supermarket debt-busting/saving enhancing challenge

CKhalvashi

Hey all,

I've just placed an order with Tesco for delivery tomorrow, and feel that a challenge is in order here.

I've placed an order of £155.84, after £30.40 of discounts. With a £3 delivery charge, I'm technically in profit to the tune of £27.40 (well, it's money that I haven't given to Mr Tesco)

We can make a savings goal here, of taking that £27.40, picking the debt with the highest interest rate (or, of course, the highest paying savings account), and placing it into there. Person with the highest balance cleared at the end of the year wins.

I don't know if this is already the case on the DFW board, however I feel it's worth a go, for someone to reach their goals.

Any additional ideas, let me know!

CK

Learning2Budget

So like a shopping snowballer? Clever idea.x

MarkDefeo

This is a cool idea. I've just started using tesco delivery as I've had to give up my car. I don't know why i didn't do it before, it's so easy to see the deals and with that new price promise thing (where they give you a voucher for the difference if your shopping would have been cheaper elsewhere) it's even better

Someone told me to round everything up to the nearest £5.00 when I buy stuff and save the change/ put it towards clearing debt. I think I prefer this idea though.

poppasmurf_bewdley

I can't afford to shop at Tesco.

Warburton's loaf there £1.45. Asda and Morrisons £1.

Ilona

I think this idea is a bit @rse about face. You have spent £155 to save £27. All well and good if you actually need all the items you have purchased. If you did an inventory of your store cupboards and freezer. If you worked out how long these supplies are going to last you, based on how many people in the household and how many meals you could make out of it. If you made a plan for use of items and keep to it. If you worked out cost per person per day, then I would say you are well organised.

But if your £27 gives you a feel good factor, £155 is a high price to pay. If you enjoyed your shopping on line experience you have not curbed your spending habit. I would turn it around and say that by not spending £155 would make me feel a whole lot better.
Ilona

CKhalvashi

Learning2Budget wrote: »

So like a shopping snowballer? Clever idea.x

It can be used as such, but it's obviously a way to get people to think about their spending, to buy whilst on offer, and to pay debts off/save at the same time.

£30 a week, over the course of a year, is £1500, and even £10 a week over the course of a year is £500 (more than some here earn/receive in a month), so surely with the snowball effect, on 20% interest, every £10 a week saved turns into an extra £2 a year in interest on debt.

MarkDefeo wrote: »

This is a cool idea. I've just started using tesco delivery as I've had to give up my car. I don't know why i didn't do it before, it's so easy to see the deals and with that new price promise thing (where they give you a voucher for the difference if your shopping would have been cheaper elsewhere) it's even better

Someone told me to round everything up to the nearest £5.00 when I buy stuff and save the change/ put it towards clearing debt. I think I prefer this idea though.

As above, it's something I've thought up that could help someone else, so I've put it on here for opinions.

I prefer the delivery as it's easier to fit into a hectic schedule, and it stops some idiot banging their door into my car, which in turn saves having to get it repaired before it goes back to the dealer (company car, but I keep it immaculate) :cool:

Let me know how you get on guys

Ilona wrote: »

I think this idea is a bit @rse about face. You have spent £155 to save £27. All well and good if you actually need all the items you have purchased. If you did an inventory of your store cupboards and freezer. If you worked out how long these supplies are going to last you, based on how many people in the household and how many meals you could make out of it. If you made a plan for use of items and keep to it. If you worked out cost per person per day, then I would say you are well organised.

But if your £27 gives you a feel good factor, £155 is a high price to pay. If you enjoyed your shopping on line experience you have not curbed your spending habit. I would turn it around and say that by not spending £155 would make me feel a whole lot better.
Ilona

I've done a lot of tins (Heinz is on (I think) 5 for £3 and cheap salmon is on (I think) 12 servings for £10 offer at the moment), plus a weeks regular shop for 4 (about £80 of that), so whilst it's an expensive shop, I do try to buy in bulk when things are on offer, too. My tins cupboard is running rather low at the moment, as I've been drinking tinned soup on the way to work, so it's worth doing like this.

I think about 15% off on average (and that includes 3 packs of cigarettes, so nearer 20% off the food) isn't too bad at all.

CK

Ilona

Hi,

it stops some idiot banging their door into my car, which in turn saves having to get it repaired before it goes back to the dealer (company car, but I keep it immaculate)
That's just an excuse. Park at the quiet end of the car park away from the entrance, and away from other cars.

and that includes 3 packs of cigarettes
You buy in bulk to save money, and you smoke! crazy.

a lot of tins (Heinz is on (I think) 5 for £3
drinking tinned soup on the way to work,
You are so busy earning a living, no time to shop, company car so must be a good job, you don't have time to make proper real soup, so you buy the tinned stuff with all the additives, and swig it whilst driving to work! crazy.

Sorry but your idea doesn't help me at all. I live on a basic state pension, spend £12 - £15 a week on food, don't smoke, cook from scratch, and have no stress.

Your ideas might help others who are running around like headless chickens, trying to keep up.
Ilona

poppasmurf_bewdley

Ilona wrote: »

Hi,

it stops some idiot banging their door into my car, which in turn saves having to get it repaired before it goes back to the dealer (company car, but I keep it immaculate)
That's just an excuse. Park at the quiet end of the car park away from the entrance, and away from other cars.

and that includes 3 packs of cigarettes
You buy in bulk to save money, and you smoke! crazy.

a lot of tins (Heinz is on (I think) 5 for £3
drinking tinned soup on the way to work,
You are so busy earning a living, no time to shop, company car so must be a good job, you don't have time to make proper real soup, so you buy the tinned stuff with all the additives, and swig it whilst driving to work! crazy.

Sorry but your idea doesn't help me at all. I live on a basic state pension, spend £12 - £15 a week on food, don't smoke, cook from scratch, and have no stress.

Your ideas might help others who are running around like headless chickens, trying to keep up.
Ilona

I agree with most of what you say. But if you are living on a basic state pension, why aren't you claiming Pension Credit which will put about another £30 into your hands every week?

Ilona

Hi Smurf, I don't qualify for pension credits, I've asked. I get council tax credits though because I have no savings. My pension consists of basic state pension, plus Pre 97 additional state pension, plus post 97 additional state pension, plus graduated retirement benefit, which is going to be £157.73 per week from next month. I worked full time for 45 years, so I think I get all the bits.
Ilona
PS, I manage very well so I am not complaining.