How much can you save?
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Hi
I have read your post.I want to know about the deposit scheme where I can save money and also get a good return.Please give hints..........0 -
Can anyone tell me how much interest i would make on £25.000 if i put it in a savins account @ 3.50% for 3 months? I'm totally thick at maths.0
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Roughly £218 I think.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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Can anyone tell me how much interest i would make on £25.000 if i put it in a savins account @ 3.50% for 3 months? I'm totally thick at maths.
3.5% of 25k is £875 per year.
875 divided by 12 months is £72.90 per month
£72.90 for 3 months is £218.75
Minus tax of courseMortgage Free 22/03/17
MissWillow is my OH!0 -
Hi All
Sam2k9 - might be able to help you in future on the maths front (or anyone else on here, for that matter) as I have an A level in Maths.;)
Having a ponder moment this morning as to how I can generate further funds from my existing savings.
Incidentally, came across a website where you can ask people to make donations to you, whatever your situation. Not sure about this, ethically, and of course the website requires a subscription fee for this, but it was interesting reading some people's situations (if indeed, the majority are true :rotfl:).
It's overcast here, this morning. Hope it will turn out as sunny later, as it was yesterday, when I almost got a tan!
Money Angel
:A0 -
i've been reading this thread since the very start but never thought about posting, though i'd been documenting my savings in terms of a excel spreadsheet. finally i'm gonna join in!!!
my aim has always been to save £1000 per calender month (this includes mortgage payment and overpayments....as i see my mortgage as a big savings account that is way overdrawn!!!!!)....
in 2007, i saved an average of £902 per month
in 2008, i saved an average of £928 per month
jan 2009 saved £386
feb 2009 saved -£2507
mar 2009 saved £3004
apr 2009 saved £481 made up of....
£25 into hsbc RS @ 6.4%
-£303 from mortgage reserve account @ 4.99%
£50 into halifax RS @ 4%
£69 into nationwide RS @ 0.1%
£637 into repayment mortgage
£2 mortgage overpayment
£1 into nationwide 6 month bond @ 2.04%
i will update again at may end! averaging £341 over last 4 months. need to make some big savings in order to get the £1000/month aim!Round Figures OCD Club!
march 2010 end: 111k mortgage, 6k savings
Feburary 2010 end: 111k mortgage, 6k savings
October 2009 end: 112k mortgage, 9k savings
September 2009 end: 113k mortgage, 8k savings0 -
Woohoo, got my statement of interest on my ISA through! I wasn't expecting much, as there's only 500 in there atm, withdrew most of it last June, but I got £50. Which I think means I'm ready to decide my net worth for April...
... DRUMROLL...
Up from 35.2% of target to 37.3%! Not as bad as I thought I'd done
And it's not impossible for me to hit 40% this month... the magic 10k!Target Cash Net Worth: £25K by January 2012
Progress May-08 19.0%; May-09 40.0%; May-10 63.0%; May-11 58.4%; Jun-11 58.5%; Jul-11 58.9%; Aug-11 58.7%; Sep-11 59.0%
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Ok the money has turned up in my Halifax ISA complete with interest, yay!
So that's a relief, my money is no longer floating around in the banking ether. But, it says I now have £750.75 still to invest this tax year. So they have treated it as a subscription for this tax year, when I filled in a transfer form and sent that off... Going to see if it sorts itself out in the next few days and if not give them a ring.
Ah - I seem to be a few days behind you. My money turned up in the Halifax ISA today, but like you, it now says I have £500 left to invest, let me know what happens with yours and whether it sorts itself outClutter Free Life 2019
31 of 172 items decluttered0 -
LucyTheDwarf wrote: »Woohoo, got my statement of interest on my ISA through! I wasn't expecting much, as there's only 500 in there atm, withdrew most of it last June, but I got £50. Which I think means I'm ready to decide my net worth for April...
... DRUMROLL...
Up from 35.2% of target to 37.3%! Not as bad as I thought I'd done
And it's not impossible for me to hit 40% this month... the magic 10k!
What do you class as net worth? Cash in the bank plus any assets?Mortgage Free 22/03/17
MissWillow is my OH!0 -
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