Home Based Enterprises & Interest Beater Challenge.

System

Well, made my first deposit as part of this challenge - £38.38 I just won on Foxy Bingo lol :j I will have to look out for some more of these no deposit sites.....Won £7.50 on free Skybingo last week, but still wagering it, small bets until I lose one then I will withdraw.....up to my 26th bet and £40 balance lol....(very tame bets, perhaps 10-15% of balance...)

Like the sound of that friendly bond with the cash back and points, might have to look into something like that. Must be better than the low interest egg account I still use for convenience.

So just £3.28 to hit this month's target towards my £500......not half as good as some of you out there...must try harder and stop faffing about on free sites...:D

Marru

Hi All,

I got a message from AQA that my application wasn't successful. Blessing in disguise me thinks as I am really going to get selling my books and that is rather time consuming at the moment. Took pictures 20 of them today and was hoping to download them into ebid but ran out of time. My aim is to have 70 books listed by the end of Sunday.

I have opened an ISA to put my interest beater money in so yes better get selling. :T

Marru

System

Rpoints are offering 800 points (£8) to open a Post Office Instant Saver but you need to have £500 to deposit. 6% gross interest on £500+

Larumbelle

Bad luck on AQA Marru... but 8000 books is going to take a lot of photography and typing :eek:


6% interest is pretty good, but I get that with my everyday banking account already. I guess I'm just spoilt. If you are a taxpayer, remember that the point of an ISA is that your interest is tax-freeeeeeeeeeeeeeeeeeeeeeeee! Not so important right now, but if you intend to keep adding to your savings and not use them for anything, over time you earn interest on the interest on the interest as well as the initial deposit. Kind of like a snowball.

My blog ideas have taken over themselves, and I don't know if they can be profitable as things stand. At this rate I'm going to end up with a whole blooming website, but hopefully with some ethically chosen (as well as lucrative) affiliate links to try and earn off. I have read that if you right about money, for instance, a lot of the paid blog links (and all of the adsense ones) are for things like fee-paid IVAs, DMPs, and consolidation loans. I don't think these are ever the solution for people with debt problems, and I don't really want to profit from them. So I'm back to the drawing board in terms of making money, I guess. Oh well, *stuff* happens.

taka

Nyk what is a friendly society assurance bond? Actually for that matter what is a friendly society? I've never heard of them! My IB savings (a whole £13.88... lol) is currently residing in my savings account till I work out which ISA to go for this year!

Frugaldom

taka wrote: »

Nyk what is a friendly society assurance bond? Actually for that matter what is a friendly society? I've never heard of them! My IB savings (a whole £13.88... lol) is currently residing in my savings account till I work out which ISA to go for this year!

Here's a link about friendly societies. They seem to be like savings institutions crossed with insurance companies. I refuse to have personal life insurance as nobody benefits from it if you happen to live past the end of the policy date - if you don't die, the money is lost. The friendly societies allow you to save up to £25 per month tax free for a term (10 years?) but it includes a pay out to relatives in the event of your death plus, if you don't die, you get the matured policy amount back TAX FREE. :T Morbid and warped as this may seem to some, I have opted for this, paying for it with already tax free winnings, hopefully, and am using it as the equivalent to a funeral policy and the cashback is a bonus if I live to see the bond mature.

I am still learning more about them, as I hadn't heard of friendly societies before reading the advert on the Mutalpoints website.

sophiesmum_2

Another £20 from babysitting tonight for 2 hours:D

sophiesmum_2

Just checked my online banking and have £25.02 from quidco credited, so will add it to my total:D

Frugaldom

Well done on the Quidco, sophiesmum! I'm patiently waiting for my Topcashback payments to become claimable plus I have a Greasypalm ticket pending. Trouble is, I don't spend enough to use many of the sites for cashback :rotfl: Oh, and I didn't get the cashback/points for opening the Cahoots account! It conveniently disappeared off the site!!! :mad:

Frugaldom

Hello frugal spendthrifts, I just HAD to come back after a news article I was reading jolted my memory and reminded me of a wacky idea I had last year and then failed to implement it!

The story that has caused such excitement is the one about formerly cheap clothing prices could be set to rise by about 5% because of the huge increases in fuel, transport etc. All those 'Made in wherever' labels that we see in the less expensive clothing and fashion stores, a miniscule 5% onto £5 may not seem much but that could be just the start. But WE are already frugal and WE have already downshifted everything we possibly can to avoid paying full price, so how can WE possibly benefit from this?

SIMPLE!
We set up our very own online clothing and accessory co-operative! Not only will we be able to offload the items we no longer need but we'll also be able to 'buy' whatever anyone else involved has available! I'm not talking about a big commercial website or store, I'm talking items at a few pence each and priced to include postage & packaging at cost.

Example: if I had a blouse I no longer wanted, it is lightweight, it would cost perhaps 20p for the postal envelope, £1.63 for second class postage and a fee for accepting online payments of about 30p The blouse would cost me £2.13 to send off to someone else. By offering to sell it at £2.50 including P&P I could...

a) Provide someone with a much-needed bargain
b) Clear out an item I no longer need
c) Make a few TAX FREE pennies by rounding up the price and add them to my challenge amount.

Is this just a wacky idea or is it something anyone else would consider?