2008 - Live on £4000 for a full year.

Frugaldom

You lot really have been busy this morning! I turn my back for a few hours and up springs an entire commune with supporting holiday camp provided by Molly's parents' :rotfl: 'Living the Frugal Dream' sounds like a BRILLIANT television series, don't you think? I would certainly love to watch something like that! When does it start? :j

I won't repeat what's already been said, as Bails said it all so well. :T I haven't kept count of how many on here have similar longterm plans but I know that it has to be at least half a dozen, myself included.

On the clear out and de-clutter (books and all) topic, don't forget about the FREE LISTING this weekend on eBay - I took the liberty of copying the link for you all >>> here it is <<< and it's on ALL WEEKEND! Items up to 99p list for FREE, so that takes care of my weekend! I'm going to have a massive clear out and see how much I can raise for my house fund! :T

mumzyof2

Morning all hope your all ok, i have spent £2.30 on 10 cigs today so not too bad..last week i was buying 30 a day!!

Marru

bails wrote: »

*off dreaming of the Himalaya *.

Bails this is so spooky. I am planning that one day in the future when LO is bigger I would like to participate one of the charity walks in Himalaya.

bails wrote: »

I completely forgot to ask the question I came on for - all this distracting 'living the dream' talk, tut tut Now, the Barclays new ISA at 6.5% pays interest monthly - am I right to stay with my ISA which pays 6% (need to check that) but calculates interest daily? Does anyone know how I can work these things out for myself please, cumulative stuff stumps me? Thanks a lot.

PM me with the deposit amounts and I shall prepare you a comparison spreadsheet.

Marru

MarkyMarkD

bails wrote: »

MarkyMark, further away doesn't always mean more expensive - we went to India for a month last year (with flights from MSE) and it was far cheaper than staying at home, even with our bills added in! :T Another way of travelling is to lead expeditions, where you get paid to go and have a fantastic experience. Not possible at the mo but definitely one for the future again if I can manage it *off dreaming of the Himalaya *

Interesting points. I know the cost of living is very cheap in India, but I thought you couldn't fly there for under around £300? Our fortnight in Tunisia for 3 was only £500, half board and including transfers.

*hurries back* I completely forgot to ask the question I came on for - all this distracting 'living the dream' talk, tut tut Now, the Barclays new ISA at 6.5% pays interest monthly - am I right to stay with my ISA which pays 6% (need to check that) but calculates interest daily? Does anyone know how I can work these things out for myself please, cumulative stuff stumps me? Thanks a lot.

Now, this is seriously my sort of question!

I think you are getting confused with the frequency of interest calculation, and the frequency of interest capitalisation.

All savings accounts calculate interest daily, on the daily account balance. But then they generally credit it to the account monthly or annually.

If there are no bonuses involved, and the account has a straightforward rate, you can just compare the EARs.

But if there are bonuses involved, the EAR isn't necessarily helpful and you'll have to work out the true EAR from first principles.

For example, a 6% nominal rate, credited monthly, is worth 6.17% EAR.

(The calculation, if you really want to know is:

(1 + (6%/12)) ^ 12 - 1 = 6.17%)

It's very unlikely that any account paying 6% (on whatever basis) is as good as one paying 6.5%.

taka

Is there any room on the Frugal Commune for a craft workshop where I could make jewellery? If so I'm in too :rotfl: *wanders off dreaming... sigh...*

taka

... *wanders back again...*

please tell me you'll let by proxy fans join too??? :eek: ...

Frugaldom

taka wrote: »

... *wanders back again...*

please tell me you'll let by proxy fans join too??? :eek: ...

Welcome to Frugalville or, like the cheap doormat on 'Still Game' says, Weclome! :rotfl:

sophiesmum_2

taka wrote: »

Is there any room on the Frugal Commune for a craft workshop where I could make jewellery? If so I'm in too :rotfl: *wanders off dreaming... sigh...*

I'll do the cooking/ baking/ preserving/pickling/breadmaking/ bit while all you others are off seeing to the animals,growing the veggies, running the library and craft making.:D

Seriously though there are lots of people on here with the same interests and dreams, I'll bet some of the eco communities around started from people with similar ideas organising themselves:rolleyes:

sophiesmum_2

Spent some nice time with my parents, we went out for lunch to an italian restaurant that dad chose, he insisted on paying so my no spend day is still intact:D and don't think OH or myself will be wanting any tea today:o so that will help with grocery budget.

Sometimes though it's just good to be able to sit down and spend some quality time with family having a good natter and a laugh. Dad has been having chemo and quite ill so it was good to see him enjoying himself today.
Some of the best things are still free

I am off now to try my first loaf in my new panasonic breadmaker which was a mother's day pressie:j and has been on my wish list for a while:D as i couldn't justify the spend.

Frugaldom

Sophiesmum - I'm glad that you had a nice day and that you can appreciate the best things are still free. Hope all goes well for your dad.

I'm also delighted to see those two little words... wish list! :T Please do tell what's on yours. Mine just keeps on growing and normally gets a thorough vetting at the end of each year instead of making New Year's resolutions. I like to go through the old 'list' and tick off everything that has been accomplished (pay off X, Y, Z, save for X, Y, Z, buy a whatchamacallit, visit Frugaria etc, etc, etc) and then see what new ones can be added or which old ones are no longer relevant. Sometimes we only think we would like something and it takes a bit of reflection to decide on the consequences of such things. Pre-frugalife was much more 'think of the consequences later' but now it's so much better spending time contemplating what really matters. Perhaps it's old age setting in! :eek: Whatever it is, I'm much less impulsive now. I don't know if this is good or bad, though, as I sometimes worry about missing 'golden opportunities'. That's when I need to remind myself of the good old, 'what's for you won't go by you' motto. But my list still keeps growing... that's probably why I ended up getting a 'Wishing Book' as a gift at Christmas. Isn't life confusing sometimes? :rotfl: