Frugal Friday | Saving on interest
I have started with a picture of my car, now 14 years old. A smaller car would be cheaper to run but the depreciation on my car has been around £350 a year over a 7 year period. It’s still in quite good condition and I expect it to last a few more years so depreciation will be even less in the longer term. I checked my fuel consumption today and it was about 6 miles to a litre of petrol; I could do better! It was 7.5 on a Sunday.
Yes, I went back to Lidl today drawn by the chicken drumstick prices; I like my chicken. The Up and over Ale is on offer 6 for £6; I had to sample it and compare it with Old Speckled Hen! I like it! I think ale should not have hops, but it has less than Old Speckled Hen and so less bitter. I’m going back for more!
I also bought all the chicken drumsticks, both packs for £2.25 (1Kg) pack. I also had chicken legs at £2.65 (1Kg), they are usually cheaper than drumsticks. A bottle of soy sauce for 79p was better than Asda. A pack of bacon at £1.19 was great, I like to wrap the drumsticks in bacon. I had pork loins steaks for £2.99 and they will either be Sunday lunch or I cut them up for stir fry. I had a can of plum tomatoes for 31p that may go with the bacon or could contribute to a barbecue sauce with my Herbs d’ Provence (49p). I had a broccoli mix vegetables, I had 2 at 99p each; that is good for frozen broccoli. I ended up at the till and dropped 2 bottles of Teacher’s scotch into the trolley 70cl for £12.49. I bought a few other things, like canned fruit and veg to try. A bottle of vinegar 500ml for 29p; the stuff from Morrison’s was spirit vinegar, not very nice.
I wish they had more drumsticks and I think the best bargain was the ‘Up and Over Ale’. I bought Lidl’s own Biological liquid for £3.59 for laundry; I’ll test it!
I insured my car this month and they wanted extra £50 to pay monthly. I used to hear stories of when people pawned their best suit in the middle of the week and redeemed it at the weekend so they had it to go to church. That was an obvious waste of money and they never caught up, they simply paid the pawn broker every week. Credit and loans is the same today, if you don’t pay off your credit card in full, you never catch up. Pay day loans are legalised loan sharking and should be made illegal. I have interest from a bond this month to pay my car insurance which is much better than paying interest! If you do have debts, try paying them off slowly and then when you have some savings, invest it wisely. Unfortunately, the NS and I saving certificate has been withdrawn and so saving in real terms is difficult. I do intend to save more with Zopa and for a limited period they have reduced their borrowing fee to £100. You have to get in quick though it’s only for the rest of September but it’s worth getting a Zopa loan to consolidate and pay off credit cards or other expensive debt. I’ll update my Zopa blog soon as I put more money into it. I only put £500 in to check it out, but now it seems a good investment, I can invest a lot more…