Current Balance = £3001.04
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Little reward for my efforts on eBay

Whilst some might be raking in the cash for their unwanted goods, all my efforts on eBay this month seemed about as successful as selling a random selection of goods under the brand Woolworths!

Having spent the best part of a day listing over 50 items, painstakingly photographing them and writing the descriptions I was hoping for a good return.

However only 9 sold for a total of £45.14 and after eBay fees, PayPal fees and postage left me with a profit of just £24.30. Which is disappointing to say the least.

I don’t think there was anything wrong with the items, and with starting prices of just 99p they were not overpriced so I think this might be another symptom of the current recession. I don’t think it’s demand that’s dropping, but rather a case of over-supply.

Everywhere I look there is another how-to guide screaming for attention with titles like “How-to beat the Credit Crunch”, “Recession Busting Tips” or my personal favourite “Happy credit-crunch Christmas”. And just about everyone of these imaginatively suggests making some extra cash by selling your unwanted goods on eBay.

So lesson learnt. The ‘herd’ are now on eBay so I’ll wait for the recession to end and the ‘herd’ to move on to the next frenzied bubble.

If I were Chancellor….

I’d probably be rather stressed right now if I were in Alistair Darling’s position. He finds himself preceding over the most difficult budget in a generation as we are arguably close to entering a depression.

So what do I think he will do? And what would I do?


Standing up for my rights no matter how much is at stake

I recently signed up for a membership with one of the largest sporting bodies in the country which would give me access to tickets at their new stadium (you can probably guess which organisation I am talking about!). My annual membership fee of £50 promised access to some of the biggest sporting events in the country from just £99 and proudly listed them off.

I was therefore very disappointed when I logged in to discover that tickets were not available for some of the events they had promised and absolutely furious when I discovered that prices ranged from £179 to £399 for the events they had originally mentioned in their email. So within hours of signing up I fired off a complaint by email requesting a refund.


More Quidco & GreasyPalm Cashback

I discovered another £4.54 cashback from Quidco in my bank account today which was a nice surprise as it’s built up of lots of small earnings and includes my £5 annual membership fee. Checking my Quidco account I was amazed to see that I have earned almost £150 cashback in just one year, all for doing nothing more than clicking a Quidco link rather than going direct to the online retailer.

I also finally recieved £30 cashback from GreasyPalm that I have been waiting for a while and by getting paid in Amazon vouchers I also earned a 5% bonus worth an additional £1.50.

G20 to the rescue!

It sounds like a line straight out of a comic book but the outcome of this weeks G20 summit will have a very real impact on us all. Gorge Soros, one of the worlds most powerful investors, has referred to the G20 summit as a "make or break" event for the world’s economy and that it might be the last chance to prevent a full-scale depression.

This isn’t just a greedy billionaire looking out for his own interests though as he talks about the developing world being the worst hit and therefore in need of the most help. He suggests that the previous economic system needs to be scrapped and the financial system reconstructed from its foundations up. Strong words, but what can the one day G20 summit achieve?