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Showing posts from March, 2019

Wombling!

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As good MoneySensers, we always collect our points at the supermarket and petrol station when we shop, can you believe that other people don’t? They leave their receipts in trolleys, bins, at self-service checkouts and on the floor and they haven’t collected the points! Leaving them for us (slightly naughty) MoneySensers to use their points.
The receipts don’t just list the items bought but can include vouchers for petrol and money off coupons and above all the number of points you could have earned on that shop. So like The Wombles of Wimbledon Common, we pick up the receipts and benefit from them.
With Tesco Clubcard, you get 1 point for every pound you spend at Tesco’s the points can add up and you get money off vouchers in the post but you can also use your points towards days out. Somebody’s big shop can save you quite a bit on your shopping if they don’t want to.
Nectar card points from Sainsbury’s also give you 1 point for every £1 which you can use at over 500 shops including A…

Money Saving Tips

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In this blog, I thought I’d look at how small actions can help us to save money just a few simple things to do without really putting any effort into it!
No-spend Days
Can you manage one day a week when you don’t actually spend anything at all? It might not be possible to spend absolutely nothing if you have to pay bus fares to get to work. This may need some planning ahead and managed to save money by buying a season ticket or getting somebody to give you a lift if you can’t walk. Just try not to give in to those impulses to buy a snack or that gorgeous top you see as you pass the shop. You can soon train yourself to stop and think, “Do I really need this?” not just on your No-spend Days but every day.
Cancellations
Whatever you have on annual contract and that comes up for renewal, ring them up and ask for the cancellations department. Tell them you want to cancel as you have found the same thing cheaper. You’ll be amazed how much lower they can make the price. This works really well w…

Sell your books!

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It’s never been easier to sell your books, games, CDs and DVDs online. Most of the main websites that buy your unwanted items have apps which you can download onto your phone. These apps have a scanner that will scan the barcode from your items and immediately give you a valuation.
You don’t actually have to download the apps if you don’t want to, you can just type the ISBN number on the website.
Payment is by bank transfer or paypal and I’ve been happy with bank transfer. Payments are pretty quick and they will keep you updated on the progress of their checking procedure.
My suggestion is to use two or three of these apps as the prices can vary from one site to another. Once you have got your quotation and have boxed up your items, you can download a pre-paid postage label and then either take them to a drop off point or get them collected.
This only really works if you are getting rid of quite a few books as you have to sell at least £5 worth. I’ve done this twice and made over £20 each…

Dropshipping

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For my next venture I am thinking about setting up a dropshipping company. Dropshipping involves selling products that you don’t actually own, so you don’t need to buy and keep stock. The wholesaler suppliers you with the product description for you to list on eBay, Amazon or your internet store. You then take the order and forward this and the payment to your suppler, the dropshipper, who then forwards the product to your customer.
There are several benefits to dropshipping. Firstly it doesn’t cost much to set up. You don’t need to buy any stock, rent any warehouse space or organise the paperwork and shipping. It is really simple to do, just decide what you want to sell, find the right supplier and set up your internet shop.
You don’t have to decide what stock you need to buy to sell on, saving on making mistakes with your inventory which is a waste of money, time and space. You won’t need to find stock to buy or sort out pricing, all this is sorted by the dropshipper.
To save on delay…

Keep Track!

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Now might be a good time to look at your income and expenses. A budget may sound scary and hard work but it’s worth it in the long run. It lets you see what you have coming in and your spending patterns. Think of it is a way of working out what you really want out of life. Think about it, if you manage to spend less in one area, you can spend more on something else or even save up for that big holiday you’ve been dreaming of!
How are you going to set up your budget?You can use a spreadsheet or just a pen and paper.
1.Money in
Start by writing down all the money you have coming. Your salary, any benefits, any freelance or contract work, a side business. Is any of this regular income or ad hoc?
2.Money out
What regular bills do you have? Do you pay them monthly, weekly, quarterly?This list will include rent or mortgage, utility bills, mobile phone, internet, etc. You can then see how much disposable income you have each month.
3.Does it add up?
Now is the hard part? Does the income exceed the…