There's a lot of good cheap food recipes online these days, will be much cheaper and better for you than biscuits.
Mortgage Rate Rises
- Thread starter glenimp617
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Yeah deffo try and make a list of like 10 different meals and portion them out into 3-5 servings and freeze and you can soon get spend per person for the month down to like £40-50 and eat pretty solid too. It wont be high end steak but it surprising how much and how decent it can be with that size budget for the month.
Best way if you want to be frugal is doing a meal that lasts 2 days. Halves the times using the oven etc. Best bit is saves time though!
No one has to live frugally. It's not a competition. But 500+ is not frugal.
I think we are 400 a month Including takeaways/eating out. Try to use tesco vouchers eating out as have so many.
But I'm not a fancy food person. So saves a lot here.
No one has to live frugally. It's not a competition. But 500+ is not frugal.
I think we are 400 a month Including takeaways/eating out. Try to use tesco vouchers eating out as have so many.
But I'm not a fancy food person. So saves a lot here.
Soldato
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The more veg you buy the less money you spend. ez life.
Soldato
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That argument is used by people who lie to themselves out of fear and uncertainty, it is the brains way of justifying things to keep you in your comfort zone of minimal effort.
Yeah just get a new job that pays a ton more, totally easy to do.
In terms of food I have just put together a quick shop on Asda all the essentials and some addons on top for an entire week. Got it to £22 for 28 individual items and thats with plenty of left overs.
Is any of it "branded" of course not. Includes beans, bread, pasta, frozen items such as chips, some ready meals, battered fish, some diet fizzy pop, fish cakes, fish fingers, tortilla chips and dip, apple/orange juice, some biscuits, cereal, milk and some extras with like £8 extra to spend on fruit/veg. Big bit of brococoli 69p, carrots 49p, cauliflower £1.20, 4 apples 65p. Throw a massive bag of porrage or oats for £0.70p theres a big chunk of calories for very little money, the JUST ESSENTIALS asda oats are quite nice.
Plenty of ways to mix things up and keep costs down.
You don't need to spend the world.
Most days I'm content with a tin of beans 3 slices of bread, some cereal and milk and maybe a few biscuits All depends on how many "calories" you feel you need. Throw in a bowl of oats or a quick air fryer job of some frozen chips/veg/fish. Easy to do on the cheap.
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Soldato
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Its not easy, it requires effort and facing the fact you might fail. Never said its easy. Does not need to be a ton more, a bit more is good to start.
Which is why my point is, if you spend 100% of your energy on that, and walk into into the bank and literally ask for the worst mortgage deal, you will be better off.
I’m sorry, I can’t agree.
People genuinely do differ greatly when it comes to the importance that they place on money versus other values of well-being.
I’m hugely money driven and I always have been, but that absolutely does not extend to every one of my employees, and it absolutely does not extend to all of my friends or family.
There is no one size fits all and there’s definitely no right or wrong.
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I personally do place a great deal of importance on how much I earn but there a limit to what can be done depending on where you live and what you feel comfortable doing. For me I have worked in call centres for 10+ years, got to a breaking point of not being able to do it anymore as its just too stressful having to deal with people. In a job at the moment where I don't have to speak to anyone directly and its in a small office, still making what I did before as up here that's generally the cap for "unskilled workers" unless you go further into something.
Also keeping in mind different areas of the country have different spending/cost of living, up in the north east having £300+ spare each month is a good chunk of change, most are broke or living payslip to payslip.
On top of that any money I have extra say £200-300 if I decided to spend some of it, goes straight into savings and will just make the £10k+ savings I have go up and up with money there for emergencies that isn't really going to get touched.
I'm in very I'll say "privilaged" spot, I have £84800 in the bank currently in my savings just saved over a 10 year span of time (I've been lucky enough to be able to put away 1k every month for the most part in savings), by the time the sale is complete I'll have around £10-11k after all fees/solicitor costs/buying simple furnature. Even more if it takes longer than January (which it will haha)
I'll be mortgage free in 10 years time (assuming nothing bad happens!) something not many first time buyers can say. I see plenty of people who buy waaaaaaaay above there means taking out 95% mortgages as they are maxing out what they are capable of lending. I suppose thats a biproduct of the recent years of very very low interest rates, which is not going to be the case going forward.
I'm not a mimimalist, but I hate "things", clutter, the only things in my house would be the basics. TV, 2 seater sofa, bookcases, double bed with a side draw, computer desk/computer and then a few "things" such as a big rug in the living room, some pictures on the walls, a cat climbing tower, maybe a bean bag chair, washing machine/fridge/wardrobe is already there won't be changing them anytime soon. Would I want more, yeah sure but its a WANT, not a need, I don't miss not having "things" and prefer to keep things as simple and clean as possible. The cat is where my money goes the ungrateful sod
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Soldato
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More money has diminishing returns yes, but remember that he is on minimum wage. Secondly its not solely about money, and i know of plenty of situations where yes, extra workload is not worth the extra money, but at minimum wage, no.
Also if you think its nonsense just say it, no need to edit posts on my behalf.
No I think that editing my post was appropriate.
It was rude of me to dismiss your position as nonsense and as such, I think it was right to respectfully edit my choice of words.
With regards to the point however, I simply don’t think that the amount of money someone earns is necessarily a “decision” on their part; there’s far too many factors to consider.
I think that it’s a gross oversimplification and I truly do not believe that it’s as simple “as work harder, earn more”, either.
In fact, the more I’ve earned, the less hard I’ve worked, and if anything, there seems to be an inverse relationship as far as I’m concerned.
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Soldato
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I personally do place a great deal of importance on how much I earn but there a limit to what can be done depending on where you live and what you feel comfortable doing. For me I have worked in call centres for 10+ years, got to a breaking point of not being able to do it anymore as its just too stressful having to deal with people. In a job at the moment where I don't have to speak to anyone directly and its in a small office, still making what I did before as up here that's generally the cap for "unskilled workers" unless you go further into something.
Also keeping in mind different areas of the country have different spending/cost of living, up in the north east having £300+ spare each month is a good chunk of change, most are broke or living payslip to payslip.
On top of that any money I have extra say £200-300 if I decided to spend some of it, goes straight into savings and will just make the £10k+ savings I have go up and up with money there for emergencies that isn't really going to get touched.
I'm in very I'll say "privilaged" spot, I have £84800 in the bank currently in my savings just saved over a 10 year span of time (I've been lucky enough to be able to put away 1k every month for the most part in savings), by the time the sale is complete I'll have around £10-11k after all fees/solicitor costs/buying simple furnature. Even more if it takes longer than January (which it will haha)
I'll be mortgage free in 10 years time (assuming nothing bad happens!) something not many first time buyers can say. I see plenty of people who buy waaaaaaaay above there means taking out 95% mortgages as they are maxing out what they are capable of lending. I suppose thats a biproduct of the recent years of very very low interest rates, which is not going to be the case going forward.
I'm not a mimimalist, but I hate "things", clutter, the only things in my house would be the basics. TV, 2 seater sofa, bookcases, double bed with a side draw, computer desk/computer and then a few "things" such as a big rug in the living room, some pictures on the walls, a cat climbing tower, maybe a bean bag chair, washing machine/fridge/wardrobe is already there won't be changing them anytime soon. Would I want more, yeah sure but its a WANT, not a need, I don't miss not having "things" and prefer to keep things as simple and clean as possible. The cat is where my money goes the ungrateful sod
Im confused now, you have £84,800 in savings??
Yeah, putting £75k down as a deposit and leaving the rest for rainy days. The mortgage is for £38k spread over 12 months, with an optional 10% overpayment which I'll probably do, to get it down by 2 more year during the term.
Thats the state of my savings account at the moment (its all in there as I intended on paying it for another property next month that I had to pull out of unfortunately so that' why it isn't in other places earning more)
Getting paid on Monday so more to go in, with some comission added on roughly £1600-£1700 for last months performance (the type of job where comission is a possability but is performance based on HIGH targets so its unlikely I just got lucky last month)
Will cap this account at £85k and put the rest into my Chase saving account.
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Soldato
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So your budget you posted is for after you buy the house?
Its including the monthly mortgage for 10-12 years obviously during that period of times things will continue to rise but I'll be saving £200+ every month anyway so should be easy to offset.
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Yeah, putting £75k down as a deposit and leaving the rest for rainy days. The mortgage is for £38k spread over 12 months, with an optional 10% overpayment which I'll probably do, to get it down by 2 more year during the term.
Thats the state of my savings account at the moment (its all in there as I intended on paying it for another property next month that I had to pull out of unfortunately so that' why it isn't in other places earning more)
Getting paid on Monday so more to go in, with some comission added on roughly £1600-£1700 for last months performance (the type of job where comission is a possability but is performance based on HIGH targets so its unlikely I just got lucky last month)
Will cap this account at £85k and put the rest into my Chase saving account.
With £85k in savings you’re way ahead of the curve. Although I would question whether or not that cash was working for you.
Has it always been sitting in what was undoubtedly a low interest account, slowly building up over the last decade?
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Bear that in mind for your next statement -
Or a by-product of high house prices in their areas?
I'm not a mimimalist, but I hate "things", clutter, the only things in my house would be the basics. TV, 2 seater sofa, bookcases, double bed with a side draw, computer desk/computer and then a few "things" such as a big rug in the living room, some pictures on the walls, a cat climbing tower, maybe a bean bag chair, washing machine/fridge/wardrobe is already there won't be changing them anytime soon. Would I want more, yeah sure but its a WANT, not a need, I don't miss not having "things" and prefer to keep things as simple and clean as possible. The cat is where my money goes the ungrateful sod
It's down to mindset/personality... Your thought process in eating, for example, revolves around how many calories you need Vs what that food will provide as shown in a couple of your posts.....other people buy food to enjoy.
Be careful not to look back on life and regret choosing to not do things while you're young enough to enjoy them.
To be honest, yes, for the most part it has been sitting doing nothing which was stupid on my part, its not something I thought about. When I think of how many bitcoins I could have bought in the early days....
Currently the money is getting around £200 each month in interest, but I've already hit the cap so I'll start paying taxes on it next month....but there is no point doing anything with it at the moment, maybe the £10k or at least some of it but still deciding what to do.
I care very little about food, but the food I do "like" to eat is cheap, I love cereal like bran flakes, wheatabix (store brand), I can eat cereal every day for a "meal" and be happy about it. I couldn't get enough of broccolie and carrots. I'm easy to please when it comes to food, put food in front of my and i'll eat it and be happy no matter what it is. I love chocolate, lindor being a favorate but I'm happy with a cheap bar of supermarket chocolate or b&m for a fraction of the cost. I cant remember the last time I bought a take away meal as I have no craving for it. At this moment in time what I have a craving for is some salted nuts and some rasens. Different tastes I suppose.
I'm 31 years old now, my 20's are behind me althought I could probably pass for an 18 year old with how young I look as no one can guess my age i've worked with. I went out enjoyed it for what it was and I'm at a point where I just cannot be bothered and prefer to left alone in the peace and quiet.
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Soldato
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What gordy says is true, so i would say you keep that 10k or whatever it is, in savings accounts paying the most which have FSCS protection.
The £200 or whatever it is, you should put into an index tracker, best bet would be with Vanguard
Edit, the 10k figure is basically how much you want to have for emergencies, for me that number is £0, because i could take out quite a lot on credit cards to cover any possible emergency.
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