Saving money and spending it wisely

[Normalguy20172017]

Does anyone have the same problem I have when it comes down to punting? Would you rather spend £120 on a hour session which might be good or bad depending on the working girl or would you rather spend £120 on something worthwhile that will last such as an item or paying off debt?

These are the things I think about which stop me digging into my pockets to punt.

[BarryProudfoot]

Does anyone have the same problem I have when it comes down to punting? Would you rather spend £120 on a hour session which might be good or bad depending on the working girl or would you rather spend £120 on something worthwhile that will last such as an item or paying off debt?

These are the things I think about which stop me digging into my pockets to punt.

What I've learnt on here is that you 'invest' what you can afford to lose

[pewpewpew]

Things are just things that you'll probably replace someday. Memories last a lifetime so I'd rather spend money on creating them. Not just punting, holidays, going to new places etc. I like to buy things as well but you have to balance your budget according to the value you place on experiences vs things

[HighlyMotivated]

Quite obviously, you spend what you can afford to spend

I have an account purely for punting funds made up of a set portion of monthly wage and any bonus cash, e.g. Bet winnings

[Home Alone]

I don't have a specific "punting budget"; but I know, to within £50 per Calendar month, how much I can afford on punting in each month of the year - it varies, depending on income/outgoing.

I always make sure I never spend more than I know I can afford for that month.

[stevedave]

Quite obviously, you spend what you can afford to spend

Quite right.

If you're worried about spending the money on hookers, then don't spend the money on hookers. Simple.

[DannyJames]

If you are in debt - other than a mortgage - then pay that shit off. Being debt-free will give you a better life.

As for whether you should buy 'things' or punt? Assuming we are talking about general items and not a financial investment in the future, then I'd choose having experiences most of the time. Note, experiences includes whores and does not equal them.

The trouble is, too many people like things because they think it equals a happy life. Or they buy shit so they look good to others. A lot of the time this leads to debt.

[Gordon Bennett]

Pay the mortgage off too. Never ever extend it or "take money out of the property". Every single rate tart or "savvy remortgager" I know are riddled in debt and will still be paying a mortgage in their 60s and beyond.
The derivation of the word is French and means "loan until death"...... That is becoming more and more true, don't let it be you!

[Normalguy20172017]

If you are in debt - other than a mortgage - then pay that shit off. Being debt-free will give you a better life.

As for whether you should buy 'things' or punt? Assuming we are talking about general items and not a financial investment in the future, then I'd choose having experiences most of the time. Note, experiences includes whores and does not equal them.

The trouble is, too many people like things because they think it equals a happy life. Or they buy shit so they look good to others. A lot of the time this leads to debt.

Thank you. I have got myself into debt with credit cards. I'm doing a monthly repayment plan with each company. I just wish that I kept away from credit cards. I feel trapped. But yeah 2017 to 2018 I want to be debt free.

[DannyJames]

Pay the mortgage off too. Never ever extend it or "take money out of the property".

I agree, with the caveat that a mortgage extension for a worthwhile extension on a property is ok.

I aim to have my mortgage paid off early. Not stupidly so - I invest in other ways too - but the bank will make less out of me than it intended.

[Malvolio]

For me, punting is worthwhile so I don't have a problem with spending three figures for what will hopefully be a very enoyable hour.  I do keep tabs on what I spend on punting and make sure I don't go over my monthly limit.

[Spunky34]

I'm saving for a deposit on a house, so my punting funds are going to be very limited this year.  I'm back to the old student trick of taking an amount of cash out each week and that's what I have to buy my food and petrol (and punting) out of it.  Going to be a slow year punting-wise, but the house is more important.

[JamesKW]

Does anyone have the same problem I have when it comes down to punting? Would you rather spend £120 on a hour session which might be good or bad depending on the working girl or would you rather spend £120 on something worthwhile that will last such as an item or paying off debt?

These are the things I think about which stop me digging into my pockets to punt.

I do have this conundrum occasionally,often a concert such as U2 or Paul McCartney (or many others) cost the same as a punt so I need to decide which is a better use of money.

[Tricky Dickie]

Thank you. I have got myself into debt with credit cards. I'm doing a monthly repayment plan with each company. I just wish that I kept away from credit cards. I feel trapped. But yeah 2017 to 2018 I want to be debt free.

Credit card companies are just ahead of payday loans and doorstep loan sharks on the scum rating so I think you'll be much better off getting out from under them. Maybe one way to look at it is that £120 spent on a girl rather than clearing the cards is probably equivalent to £150 from the sharks. Maybe she's not such good value then.

[Richthescouser]

Pay the mortgage off too. Never ever extend it or "take money out of the property". Every single rate tart or "savvy remortgager" I know are riddled in debt and will still be paying a mortgage in their 60s and beyond.
The derivation of the word is French and means "loan until death"...... That is becoming more and more true, don't let it be you!

Your friends are doing it wrong. Currently got half the mortgage value (for an offset mortgage) on interest free money transfer cards. Pay a 3% fee for the money, save 4% interest for 2.5 years. I think I worked out it'll knock 4-5 months off the mortgage this time, never mind if I can repeat it.

Everything is bought using a cash back credit card, paid off last moment again and saves months off the mortgage. And the cash back goes into the punting fund, £500 a year or so is a nice start off before including money that I've actually earnt :-)

[Spacecowb0y]

Your friends are doing it wrong. Currently got half the mortgage value (for an offset mortgage) on interest free money transfer cards. Pay a 3% fee for the money, save 4% interest for 2.5 years. I think I worked out it'll knock 4-5 months off the mortgage this time, never mind if I can repeat it.

Everything is bought using a cash back credit card, paid off last moment again and saves months off the mortgage. And the cash back goes into the punting fund, £500 a year or so is a nice start off before including money that I've actually earnt :-)

Don't understand any of that. Keep life simple.
Pay the mortgage
Pay the bills
Save a shitload of what's left
Take a small amount per month, and keep it aside
Shag that SP you fancy the look of when you have enough
Repeat

[Richthescouser]

Don't understand any of that. Keep life simple.
Pay the mortgage
Pay the bills
Save a shitload of what's left
Take a small amount per month, and keep it aside
Shag that SP you fancy the look of when you have enough
Repeat

So about 2 hours work to save £2000 isn't worth doing? Different strokes for different folks, but being clever with money means lots more money to have fun with.

[DannyJames]

So about 2 hours work to save £2000 isn't worth doing? Different strokes for different folks, but being clever with money means lots more money to have fun with.

Stoozing and card tarting is nothing new.