it.
God, yes. That’s what I’ll do. Sixty quid a week, every week. Maybe I’ll even pay it into a special account. That new Lloyds high-yield sixty-day access account with the tiered interest rates. It’ll be fantastic! I’ll be completely on top of my finances — and when I’ve paid off my bills I’ll just keep saving. It’ll become a habit to be frugal. And at the end of every year I’ll splash out on one classic investment like an Armani suit. Or maybe Christian Dior. Something really classy, anyway.
I’ll start on Monday, I think excitedly, spooning chocolate Ovaltine into a cup. What I’ll do is, I just won’t spend anything. All my spare money will mount up, and I’ll be rich. This is going to be so great.
OCTAGON — flair style • vision
Financial Services Department
8th Floor, Tower House
London Road, Winchester SO44 3DR
Ms. Rebecca Bloomwood Charge Card Number 7854 4567Flat 24 Burney Rd.London SW6 8FD
2 March 2000
Dear Ms. Bloomwood: Our records suggest that we have not received payment for your latest Octagon Silver Card bill. If you have paid within the last few days, please ignore this letter.Your outstanding bill is currently ?235.76. The minimum payment is ?43.00. You may pay by cash, check, or on the enclosed bank giro credit slip. We look forward to receiving your payment.Yours sincerely,John HunterCustomer Accounts Manager
OCTAGON — flair style • vision
Financial Services Department
8th Floor, Tower House
London Road, Winchester SO44 3DR
Ms. Rebecca Bloomwood Charge Card Number 7854 4567Flat 24 Burney Rd.London SW6 8FD
2 March 2000
Dear Ms. Bloomwood: There’s never been a better time to spend!For a limited time, we are offering EXTRA POINTS on all purchases over ?50 made with your Octagon Silver Card — so take the opportunity now to add more points to your total and take advantage of some of our Pointholders’ Gifts.Some of the fantastic gifts we are offering include: An Italian leather bag 1,000 pointsA case of pink champagne 2,000 points Two flights to Paris** 5,000 points(Your current level is: 35 points)And remember, during this special offer period, you will gain two points for every ?5 spent! We look forward to welcoming you soon to take advantage of this unique offer.Yours sincerely,Adrian SmithCustomer Services Manager
Five
FRUGALITY. SIMPLICITY. THESE ARE my new watchwords. A new, uncluttered, Zen-like life, in which I spend nothing. Spend nothing. I mean, when you think about it, how much money do we all waste every day? No wonder I’m in a little bit of debt. And really, it’s not my fault. I’ve merely been succumbing to the Western drag of materialism — which you have to have the strength of elephants to resist. At least, that’s what it says in my new book.
You see, yesterday, when Mum and I went into Waterstone’s to buy her paperback for the week, I sidled off to the self-help section and bought the most wonderful book I’ve ever read. Quite honestly, it’s going to change my life. I’ve got it now, in my bag. It’s called Controlling Your Cash by David E. Barton, and it’s fantastic. What it says is that we can all fritter away money without realizing it, and that most of us could easily cut our cash consumption by half in just one week.
In one week!
You just have to do things like make your own sandwiches instead of eating in restaurants and ride a bike to work instead of taking the tube. When you start thinking about it, you can save money everywhere. And as David E. Barton says, there are lots of free pleasures which we forget because we’re so busy spending money, like parks and museums and the simple joy of a country walk.
Come to think of it, why don’t we put information like this in Successful Saving? It’s so much more useful than knowing about some fancy new unit trust which might make a profit or might not. I mean, with this scheme you start making money straight away!
It’s all so easy and straightforward. And the best thing is, you have to start out by going shopping! The book says you should begin by itemizing every single purchase in a single normal spending day and plot it on a graph. It stresses that you should be honest and not suddenly curtail or alter your spending pattern — which is lucky, because it’s Suze’s birthday on Friday and I’ve got to get her a present.
So on Monday morning, I stop off at Lucio’s on the way into work and buy an extralarge cappuccino and a chocolate muffin, just like I usually do. I have to admit I feel a bit sorrowful as I hand over my money, because this is my last-ever cappuccino and my last-ever chocolate muffin. My new frugality starts tomorrow — and cappuccinos aren’t allowed. David E. Barton says if you have a coffee habit you should make it at home and take it into the office in a flask, and if you like eating snacks you should buy cheap cakes from the supermarket. “The coffee merchants are fleecing you for what is little more than hot water and polystyrene,” he points out — and I suppose he’s right. But I will miss my morning cappuccino. Still, I’ve promised myself I’ll follow the rules of the book — and I will.
As I come out of the coffee shop, clutching my last-ever cup, I realize I don’t actually have a flask for coffee. But that’s OK, I’ll buy one. There are some lovely sleek chrome ones in Habitat. Flasks are actually quite trendy these days. I think Alessi might even do one. Wouldn’t that be cool? Drinking coffee out of an Alessi flask. Much cooler than a takeaway cappuccino.
So I’m feeling quite happy as I walk along the street. When I get to Smiths I pop in and stock up on a few magazines to keep me going — and I also buy a sweet little silver notebook and pen to write down everything I spend. I’m going to be really rigorous about this, because David E. Barton says the very act of noting down purchases should have a curtailing effect. So when I get into work, I start my list. Cappuccino ?1.50Muffin ?1.00Notebook ?3.99Pen ?1.20Magazines ?6.40
Which makes a grand total so far of. . ?14.09.
Gosh. I suppose that’s quite a lot, bearing in mind it’s only nine-forty in the morning.
But the notebook and pen don’t count, do they? They’re like course requirements. I mean, how on earth are you supposed to note down all your purchases without a notebook and pen? So I subtract both of those, and now my total comes to. . ?8.90. Which is much better.
Anyway, I’m at work now. I probably won’t spend anything else all day.
But somehow, spending nothing is absolutely impossible. First of all, Guy from Accounts comes round with yet another leaving present to give to. Then I have to go out and get some lunch. I’m very restrained with my sandwich — I choose egg and cress, which is the cheapest one at Boots, and I don’t even like egg and cress.
David E. Barton says that when you make a real effort, particularly in the early stages, you should reward yourself — so I pick up some coconut bath oil from the Natural range as a little treat. Then I notice there are double advantage points on the moisturizer I use.
