seem to be inundated with advice on how we can make savings
- swap our energy supplier, shop around for the best deal at
the banks, cut down on waste, don't use the car for unnecessary
journeys - the list is endless.
The Times today we have the latest wheeze. Apparently you can
save £1,300 per annum on lunches by making your own sandwiches.
Did you know that 62% of Britons who buy their sandwiches are
spending an average of £1,840 per annum based on 46 working
weeks compared with a spend of £552 for those who make
their own? Well of course you didn't know, like me you have
more important things to think about.
The Times and the researchers missed a trick because they omitted
to tell the whole story because they based their workings on
taxed income. Another way to look at it is how much you have
to earn to pay for those sandwiches. At a tax rate of 20% you
need to add a further £460 which means you have to earn
£2,300. Just for your sandwiches!
if your employer offered you a pay rise of £2,300 would
you dismiss it? You will possibly never have such an offer so
you will just have to get up earlier and get slicing.
ago I was a slave to nicotine but, as they say, it was very
easy to give it up because I had done it so many times! In the
end I used the imaginary offer of a pay rise to persuade me
of the foolishness of wasting so much money.
was ages ago and I have long since lost track of the cost of
a packet of 20 so I looked it up on the
internet and I found that if I was still smoking 20 a day it
would cost me £242 a month or a massive £2,904 a
year! But that is out of income that is already taxed so to
fund my craving I would now have to earn an extra £3,630.
could I do with that? In four years I would have saved £11,614
of income that was already taxed so that means real wallet fodder!
I would have to find an even bigger wallet!
if I give up smoking and make my own sandwiches I can have a
pay rise of £5930 a year.
I don't smoke and I'm retired! Oh Blast!!