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  • FIRST POST
    • Former MSE Andrea
    • By Former MSE Andrea 29th Aug 07, 12:49 PM
    • 9,418Posts
    • 22,339Thanks
    Former MSE Andrea
    Stop Spending! Article Discussion Area
    • #1
    • 29th Aug 07, 12:49 PM
    Stop Spending! Article Discussion Area 29th Aug 07 at 12:49 PM
    This thread is specifically for discussing the Stop Spending article.


    Questions and comments on the demotivator tool itself can be made in this demotivator discussion.


    To discuss the article or ask a question: click reply
    Last edited by MSE Researcher; 14-06-2010 at 11:44 AM.
    Could you do with a Money Makeover?


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Page 1
    • Ches
    • By Ches 30th Aug 07, 1:09 AM
    • 1,105 Posts
    • 10,371 Thanks
    Ches
    • #2
    • 30th Aug 07, 1:09 AM
    • #2
    • 30th Aug 07, 1:09 AM
    oops wrong thread
    Last edited by Ches; 31-08-2007 at 1:32 AM.
    • MPwannasavemoney
    • By MPwannasavemoney 29th Oct 09, 11:17 AM
    • 190 Posts
    • 31 Thanks
    MPwannasavemoney
    • #3
    • 29th Oct 09, 11:17 AM
    No good if OH still in cloud cuckoo land
    • #3
    • 29th Oct 09, 11:17 AM
    This advice is brilliant if you have a partner who sees things the same way.

    I have been struggling for years with the OH to get her to see the reality of our overspending.

    It has driven me mad.

    I have been diagnosed with clinical depression now. Plus my only income is freelance I only have part-time income and there is no work I can find from December.

    She does not want to see a counsellor with me, so the only way out is to divorce - I feel sorry for the 3 kids :-(

    The only other alternative is to let the banks take everything back and see if she learns then, if so we just start from scratch.
    • Lula-Hula
    • By Lula-Hula 29th Oct 09, 11:55 AM
    • 7,850 Posts
    • 25,711 Thanks
    Lula-Hula
    • #4
    • 29th Oct 09, 11:55 AM
    • #4
    • 29th Oct 09, 11:55 AM
    Great article but, as the above poster says, will only work if you actually want to clear your debt :rolleyes:.

    I truly feel for those with partners who are either still in denial or just unwilling to change their ways. I too live in 'very expensive surrey' & think this location is particularly hard to make the changes in, so many here appear to be so wealthy & shopping, coffee & lunch out seems to be a pastime for many of the surrey housewives I know. There is a hugely competitive culture in this area & for those who are slightly insecure it is a trap.

    A friend of mine with over 4,500 of CC debt has just booked a 2,500 holiday for next year on the basis that everyone else she knows went away this summer & she feels left out. She is a single parent who works part time but because of the property boom has plenty of equity in her house & is therefore unconcerned about the debt :rolleyes:. Yes, I have given her the details of this site, & she now has a 0% card but is still paying just the minimum & has now effectively given herself more money to spend each month. I tried.

    I faffed about for a good year after I supposedly had my lbm, thinking that I had changed my ways ... & only now am I really really determined. I still get pangs of 'Wanting' now & then but usually find someone on here to talk me out of it . Found a fab pair of boots I wanted in River Island for 90 ... just bought a pair off ebay for 14.95 . I am learning, albeit slowly
  • brokeinwales
    • #5
    • 29th Oct 09, 1:18 PM
    • #5
    • 29th Oct 09, 1:18 PM
    Yep great article, but as others said you can read it, know it's all true, but still not really act on it.

    Personally I found myself going through the lists and filing the tips into categories in my head:

    - Not applicable (Surprisingly I found about half of the tips fell into this category: I haven't got a car, my utility bills are included in my rent, I don't have kids, so on, so on...)
    - Do already (I alway fell vaguely disappointed reading these. I think I was secretly hoping the article would reveal lots of amazing relevant ideas I hadn't thought of yet that would help magically halve my expenditure! I guess most "spend less" ideas really are quite obvious!)
    - Will probably start to do (the good ideas I haven't considered, or have considered but needed a reminder!)
    - Probably should do but can't bring myself to! (I love my hairdresser even though I know I could get a student to do my cut for half the cost - I feel very guilty when I read this tip!)

    Although it was a good reminder article, I did feel like I could recite a lot of it by heart. That probably shows that it's just tried and tested advice.

    I get a bit defensive sometimes when I read the old chesnuts ("Why not take a packed lunch to work?" I do! Shut up!!) Anyone else get that?!
    • gropinginthedark
    • By gropinginthedark 22nd Feb 10, 4:51 PM
    • 106 Posts
    • 80 Thanks
    gropinginthedark
    • #6
    • 22nd Feb 10, 4:51 PM
    Enhanced tip #2
    • #6
    • 22nd Feb 10, 4:51 PM
    That says convert the cost of an item into the number of hours you'll need to work to pay for it.
    I use a more aggressive version. First work out how much of your weekly pay must go on essentials, housing, food, electricity etc. Include everything you MUST spend - although not really "essential" you are going to give the kids christmas and birthday gifts. Don't forget annual payments like car tax and insurance. Let's say you're taking home 6 an hour for a 40 hour week and your unavoidable spend is 200 a week, that means there's 40 left for "discretionary" spending. That's 1 an hour so it's going to take you not 2 days but two solid weeks work to pay for that 80 fashion item - as long as you don't make ANY other discretionary spending.
  • make-do=and-mend
    • #7
    • 4th Apr 11, 11:53 PM
    Money Saving tip:
    • #7
    • 4th Apr 11, 11:53 PM
    You can only spend money ONCE - think how long you had to work to earn it before you part with it! SIMPLES!
    MAKE-DO-AND-MEND
  • Hannah_10
    • #8
    • 5th Apr 11, 1:22 AM
    • #8
    • 5th Apr 11, 1:22 AM
    Never take your children to the supermarket with you.

    “I want” doesn’t save you money.
    Neither does getting a childminder at 4 per hour per child Martin!

    Oh and if I don't take the kids to the supermarket how will they learn to shop responsibly?

    Not everyone has kids they have no authority over y'know. Tsk Tsk.
    I refuse to be afraid of the big bad wolf, spiders, or debt collection agencies; one of them's not real and the other two are powerless without my fear.
    (Ok, one of them is powerless, spiders can be nasty.)


    As of the last count I have cleared
    23.16% 22.49% of my debt.
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