Starting to Save! - Newbie.

tinkerbel

lol awesome, get him to do one too so that you both start a little pot and then you encourage eash other and the money isnt really missed!
Or is he not really working at the moment?

Cinny91

He's saving to pay off his credit card atm, which he used for his car insurance, so I'm spuring him on with that. He works at Spar and all of his spare money goes into his bank account for payments at the end of the month. Hopefully we'll bbe able to cheer each other on as we don't seem to be spending much lately.

tinkerbel

Yey!! hooray for good free/cheap days out together!
- one question though, why did he not just opt to pay monthly rather than put it on a CC? I'm not too sure how all that works but hey!

villafan10

It may have been an unbelievably smart move. When you pay monthly for insurance, they essentially get a loan from a bank, and as they aren't paying they don't really care about what rate they give you and can often be nearly 20%! Credit cards, especially 0% ones are a far better way to pay and pay off when you have the money..

Cinny91

Well his card is 0% for 10months and he's set to pay it all off way before interest kicks in. We worked out the monthly payments and he'd end up paying nearly £200 more, i think it was.


I've now moved on to trying to get my pigsbacks points up! using it when i'm buying gifts for christmas. Hoping to get enough for a £10 topshop voucher for when I get my sisters christmas present *fingers crossed* I need 1150 ( i think ) points for that and so far I have 205 :rotfl:

villafan10

yeah, I'm doing some of them market research things now to try and get some money of vouchers/real money. I'll use them for Chrimbo presents as well. Also, every year I don't have a day off at work, I get £60 high street vouchers, that comes in November, presuming I don't have a day off. More off Christmas presents!

Cinny91

Are you using bview? I got my voucher within a day after finishing my reviews. I'm looking to find a couple more! My mum used to do them and get a voucher booklet, i think you had avout £5 in each one, and you could use them in asda, hmv, and fast food places. I keep on asking her what it was called but she can't remember.

villafan10

Cinny91 wrote: »

Are you using bview?

No, I'm on Valued Opinions, Toluna and Pureprofile. What's this BView? Can you link me to it please? :T

Cinny91

http://www.bview.co.uk/

you get £10 for your first 20 reviews (make sure they're over 100 words or so) there are people posting messages saying 'just done another 20!' so I dont know if you get any afterwards or not. I'm going to have to join afew more sites I think!

angelatgraceland

Cinny91 wrote: »

I just want an account that I can access by card, I'm not bothered too much about high interest as long as it makes alittle money. I just want it in another account where I can't spend it really! I'm going with Abbey because I'm with them already. Looking mainly at the eSaver which seems to have everything i want, with 5.20% AER.

Got to admit that Id recommend the opposite to a card! No card means no withdrawals on impulse. If you have to trek to the bank with your bankbook the chances are that you wont bother and the money will stay safely in the bank. Thats my own experience as Im a bit lazy about putting in or withdrawing money. I got the halifax monthly saver-maybe not the highest rate of interest -it ppays you high only if you do not make regular withdrawals. Knowing id lose interest takes away the temptation to withraw cos Id lose money. When I got used to one account I later opened a second one-another monthly saver so I have 2 lots going in each month. That way if I need to withdraw I wont lose interest on the total of the two accounts-only the one. But-I never withdraw-its growing very nicely.

Well done on opening an account! Now don't dip into it! Will you be saving a regular amount into it? If not, set up a direct debit to do so-even if its only a tiny amount-that way you won't miss it-even £10 a month is better than no regular transfer.