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Premium bond winnings.

(60 Posts)
Usedtobeblonde Fri 07-Aug-26 12:14:05

This may be odd to you but if you hold Premium bonds and when you win how many times in your mind do you spend that money?
I won £125 this month and I need new step ladders so I will spend it on those.
I need to hire a skip to get rid of all our decluttering , oh that’s ok I can put my winnings toward that.
My S told me this morning he is taking the GS’s away on Monday so I will give them extra spends.
By the end of the month I will have spent that money several times over.
I would spend on those things anyway but that sum of money means I justify all my purchases.
Are you disciplined or do you save it?

Marmight Thu 13-Aug-26 20:19:58

My father died 25 years ago. So far as I know his Bonds were transferred to my already existing account. His solicitor dealt with everything financial. I am almost up to the limit. Not sure what happens thereafter. Maybe withdraw a few thousand and keep going.

Tuliptree Thu 13-Aug-26 21:25:17

Marmight glad you came back - your solicitor must have sold your father’s bonds and used the money to buy new ones for you because pbs have never been transferable. The only reason I wanted to clarify this on the thread was in case other people didn’t realise and it happened to them. I didn’t know until my husband died what the position was. I’d assumed I could just transfer them.

FriedGreenTomatoes2 Thu 13-Aug-26 21:27:27

kittylester

I get that UTBB

DH has stopped buying a season ticket for the football so we are having work done on the roof and the outside decorated and possibly a weekend away. Flipping expensive season ticket. grin

That made me chuckle kitty!

Charleygirl5 Thu 13-Aug-26 21:37:18

I never see a penny as all winnings are ploughed back in. I should sell a lot and buy blocks as mine are the odd £25 or £50 each month but zilch this August.

I should be reaching maximum soon I would have thought.

How easy is it to buy and sell? I haven't done it for so long. I enjoy the excitement of checking if I have won each month.

FriedGreenTomatoes2 Thu 13-Aug-26 21:38:41

I wish I still had some PBs we cashed them in over the years. I used to like looking the draw up on 2nd of each month.

I spend any (all) disposable monthly income now but if I ever receive inheritance I intend to purchase the full allowance. Back to having that anticipatory frisson of excitement! Until then, if I’ve 10p my pocket I have to spend it!

Tuliptree Thu 13-Aug-26 21:38:46

Charleygirl5

I never see a penny as all winnings are ploughed back in. I should sell a lot and buy blocks as mine are the odd £25 or £50 each month but zilch this August.

I should be reaching maximum soon I would have thought.

How easy is it to buy and sell? I haven't done it for so long. I enjoy the excitement of checking if I have won each month.

I do it all online - very easy. And I have the app for checking every month

Gracesnan Thu 13-Aug-26 22:28:08

I won £375 this month! I always reinvest, and really look forward to checking every month!

crazyH Thu 13-Aug-26 22:46:50

I moved most of my PB to a Savings Account. My thinking was, whether I had the maximum amount or just £100 worth - it’s the luck of the draw as they say.
Since taking out most of it , I won £150 .

wendyann23 Fri 14-Aug-26 17:36:06

£100 this month which came in useful as had grandchild here. If Agent millionaire called to tell me I had won a million I would need convincing it wasn’t a scam or wind up!