Cash? You want cash?

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Chadwick
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Re: Cash? You want cash?

Post by Chadwick » Sat Aug 07 2021 4:05pm

blythburgh wrote:
Thu Aug 05 2021 11:02am
We save up the winnings from our National Lottery scratchcards until we have £20
Would you save £20 more quickly by not buying the card and saving the money you would have spent instead?
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blythburgh
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Re: Cash? You want cash?

Post by blythburgh » Sun Aug 08 2021 9:36am

Of course, but we have a DD to put money into our savings account, it is rare for our current account not to grow month by month. Holidays and Christmas are about the only times we spend all our available income in a month.

And we have a bit of fun with a the scratchcards and the corner shop gets a very few more pence and the good causes get a few more pence. We buy spend about £5 a week on the scratchcards. Do not buy Lotto or Euromillions tickets and never go near a betting shop on or off line. So we get the fun, do not spend more than we can afford. And do not rush up to spend the winnings if there are any. Won £2 yesterday so ended up losers but fun often costs money
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Sarah
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Re: Cash? You want cash?

Post by Sarah » Sun Aug 08 2021 10:14am

blythburgh wrote:
Sun Aug 08 2021 9:36am
And we have a bit of fun with a the scratchcards and the corner shop gets a very few more pence and the good causes get a few more pence. We buy spend about £5 a week on the scratchcards. Do not buy Lotto or Euromillions tickets and never go near a betting shop on or off line.
The good causes would receive a lot more (on average 3 times as much) if you switched from scratchcards to the Lotto or Euromillions draws.
MPs asserted that returns for good causes are significantly lower from scratchcards, at an average of 10p in the pound, unlike the average of 30p in the pound from draw-based games such as Lotto and EuroMillions.
https://lotterydaily.com/2021/05/05/csr ... od-causes/

pabenny
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Re: Cash? You want cash?

Post by pabenny » Mon Aug 09 2021 7:20am

And even more if you donated directly.
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blythburgh
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Re: Cash? You want cash?

Post by blythburgh » Mon Aug 09 2021 9:40am

pabenny wrote:
Mon Aug 09 2021 7:20am
And even more if you donated directly.
But we do donate to charities by DD and one off via the internet or in a shop etc. We enjoy our few scratchcards and the good causes bit is a bonus.

But the shops having boxes for one charity or another raised an awful lot of money by people donating or more likely popping the few pennies change into the box. Another way Covid has robbed charities of the money they need to survive and thrive.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: Cash? You want cash?

Post by pabenny » Mon Aug 09 2021 9:57am

blythburgh wrote:
Mon Aug 09 2021 9:40am
..shops having boxes for one charity or another raised an awful lot of money by people ...popping the few pennies change into the box. ..
Whilst every little helps, the amounts collected in that way are small - the collection boxes you see near shop tills typically raise £3-5 per week.

source https://www.ocduk.org/get-involved/fund ... ction-box/

blythburgh
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Re: Cash? You want cash?

Post by blythburgh » Mon Aug 09 2021 5:21pm

pabenny wrote:
Mon Aug 09 2021 9:57am
blythburgh wrote:
Mon Aug 09 2021 9:40am
..shops having boxes for one charity or another raised an awful lot of money by people ...popping the few pennies change into the box. ..
Whilst every little helps, the amounts collected in that way are small - the collection boxes you see near shop tills typically raise £3-5 per week.

source https://www.ocduk.org/get-involved/fund ... ction-box/
But over the country that is many thousands per year that the charities are going to be missing out on
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: Cash? You want cash?

Post by pabenny » Tue Aug 10 2021 6:40am

Total charitable donations in UK are about £10 billion a year. If every single store* in the UK had a collection box raising money at that rate, that would contribute about 50p out of every £100 donated by charity. (*and of course they don't, not by a long way)

It's not that the money raised from coin donation is worthless; it's just very insignificant in terms of total charity fundraising.
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blythburgh
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Re: Cash? You want cash?

Post by blythburgh » Tue Aug 10 2021 9:40am

Yes, but due to covid the amount of cash charities have raised has crashed badly. So those pennies from the shops are a help. The charities themselves say how a cashless society would be cost them. Volunteers place them in the shops and collect the money so are virtually cost free. Admittedly advertising will bring in more money but that costs money.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

pabenny
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Re: Cash? You want cash?

Post by pabenny » Tue Aug 10 2021 11:02am

blythburgh wrote:
Tue Aug 10 2021 9:40am
.. but due to covid the amount of cash charities have raised has crashed badly...
Not true.

Clearly some charities are struggling, but overall, according to Charities Aid Foundation, donations in first half of 2020 were up by £800 million - an increase of 17% on the prior year. (that seems to be the most recent data - their 2021 report is due soon)

Undoubtedly some forms of fund raising have suffered - charity shops, sponsored event such as marathons. According to CAF, some causes, notably medical research, have also seen a drop in income

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