how i plan on getting my family lotto to pay for itself

Comment #22

savagegoose — Sun, 13 Oct 2019 12:09:54 GMT

| -------------$800-------------------------------------------------------$30k

Comment #21

savagegoose — Tue, 26 Aug 2014 11:57:35 GMT

|---------------$700--------------------------------------------------------------$15k

Comment #20

savagegoose — Fri, 11 Apr 2014 23:26:36 GMT

|---------$550------------------------------------------------------------------------$15k

Comment #19

savagegoose — Sun, 24 Feb 2013 12:10:28 GMT

o man a typo, $13,067 is the goal

Comment #18

savagegoose — Sun, 24 Feb 2013 12:09:07 GMT

$130567 is the new goal; even though the balance is going up, the target is going up faster. we are saving on the pool of cash but the price raises, and interest rate reductions, are making the goal further and further away. this year alone 10k to 13k, a 3k increase. and savings only up $120!

Comment #17

savagegoose — Sun, 24 Feb 2013 12:01:08 GMT

here -----/ WOW 4 draws in a row won prizes, boosting the savings $120. although somwe games have gone up in price, and the interest earned on savinngs still falls. an exact amount need to pay all tivkes has tobe worked out, but im guessing its closer to $11k now. although once the balanc reaches $2k i see that compound interest will start to work, ie the 1st half the money will be the slowest.

Comment #16

savagegoose — Thu, 16 Aug 2012 15:00:08 GMT

|---------$355------------------------------------------------------------------------$10k--| here -----/ the interest rates are now %5.7 so needing 10k to generate, annual costs. a fair bit higher than the starting $8,300. i started at, and well lower than the $6k when i actually dreamed this system up and rates where %7. this pool has done real poor in over last 12 months wining twice or 3 times, and when we have a larger jackpot i do buy more. <b... [ More ]

Comment #15

savagegoose — Sun, 12 Feb 2012 08:00:45 GMT

so a 25% increase in 2 games. means an extra $600 ish for the total. that one price increase is more than we have saved so far.! around $300 is the ballance, and now its close to $10k needed. ce la vie heres hoping we get a decent win sometime soon

Comment #14

savagegoose — Fri, 18 Nov 2011 15:11:16 GMT

ok upto

Comment #13

savagegoose — Sun, 05 Jun 2011 19:40:37 GMT

they have raised prices on 2 games 20c ea, so now the total savings need to fund future lotto purchases is up$300

Comment #12

savagegoose — Tue, 24 May 2011 11:18:51 GMT

|------------------$230----------------------------------------------------------------------------------------------$8300

Comment #11

savagegoose — Wed, 20 Apr 2011 16:13:31 GMT

$0 |--------- $200 -------------------------------------------------------------------------------------------------------------| $8300

Comment #10

savagegoose — Sun, 02 Jan 2011 14:23:04 GMT

i did that with the family fund, and we didn't win a red cent.

Comment #9

savagegoose — Sun, 02 Jan 2011 14:13:20 GMT

well i changed it to a monthly direct deposit into tthe lotto funds account, of $9 ea per month. this making them set up an auto withdrawal on their bank account, means i no longer have to nag anyone, the money gets put in monthly, and i withdraw it fortnightly. buy the tickets. any wins i miss will soon be auto deposited into the same account as well , as the lotto office allows you to put thre bank you want winning you dont collect yourself into a nominated bank account. <br... [ More ]

Comment #8

savagegoose — Tue, 19 Oct 2010 05:10:13 GMT

with no wins it will be around $80 left, plus bank interest, yeah we still get that out here. so with no wins and everyone paid up it will $185 balance in 10 weeks. with wins some more.

Comment #7

savagegoose — Wed, 13 Oct 2010 23:39:04 GMT

will look like this untill i place some bets, then basically 100 comes out total so far --\/ $0 |--------- $180 -------------------------------------------------------------------------------------------------------------| $8300

Comment #6

savagegoose — Tue, 05 Oct 2010 16:06:13 GMT

tks marcie, no luck tho.

Comment #5

marcie — Sat, 18 Sep 2010 15:26:35 GMT

Try the 02,11,12,15

Comment #4

savagegoose — Mon, 06 Sep 2010 16:27:31 GMT

well 1 day left, another $19 down for next fortnight and no wins. pretty usual. here's hoping tue can deliver a good result or ill have top pay out my own pocket.

Comment #3

savagegoose — Sat, 28 Aug 2010 19:27:16 GMT

i posted the a link to the numbers and pic of ticket in forums,. ermm was power ball, draw was 7 17 27 37 41 pb 34 my ticket 7 18 27 37 40 pb 44 2 numbers 1 number off a 5 hit oh well maybe next time.

Comment #2

savagegoose — Fri, 20 Aug 2010 04:04:17 GMT

yeah i wish i had started this 10 years ago.

Comment #1

konane — Tue, 17 Aug 2010 14:07:48 GMT

Good luck, hope your strategy wins something really big for everyone!

Original Blog Entry: how i plan on getting my family lotto to pay for itself

savagegoose — Tue, 17 Aug 2010 13:48:00 GMT

my family have all agreed to join in a min entry in all lottos it costs $9.50 a week and there is 5 of us playing , so makes it $95 every 5 weeks.

I charge them $20 ea, and myself $20 making it $100.

then i place the money in a bank account earning 6% interest, and withdraw $19 every 2 weeks to enter the plays.

this leaves $5 in the account and earns interest at a very small rate.

any small winnings will also be placed into the account.

so far after 30 weeks we have won $50 and as of this week we have $150 in the account.

Eventually, i aim to get account balance upto $8300 so by then the interest on the money will actually pay for the ticket purchases and i will no longer have to get the $20 every 10 weeks off of my 4 brothers and sisters.

but , it will take like 40 years at the rate we are saving , even with compunded interest.

ill leave updates on the blog form time to time when we get a win.

so far the savings graph looks like this

total so far --\/

$0 |--------- $150 -------------------------------------------------------------------------------------------------------------| $8300

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