New Saver

nottonight_josephine

Hi everyone, I'm a long time lurker on this forum but now that I'm in a position to start saving properly I thought I'd ask for some advice from the learned folk on here!

I currently have £15k invested in Premium Bonds - I know this probably isn't the best place for it but I guess I've been hoping I'd win the million some day! As of next month, due to a very fortunate career change, I'll be in a position to save around £2.5k per month - problem is, I really don't know where the best place is to put it!

Lokolo

Yes I have had this problem. I bought 3 Dominos in a month lol which is £30 so... bad me bad.

Budget yourself, basically, put bill money (inc phone, net etc) all in one account (another one) each month as soon as you get paid.
Think about how much you want for shopping, travel etc. and leave that in the account, Then take the rest and shove it in an instant access savings account.

Some banks etc. let you open multiple savings accounts, you can then name these different things, like 'car' or 'holiday' 'xmas' 'birthdays' etc. which you can then seperately put money in.

ISAs can have £3600 each tax year so thats the most you're allowed from now until April.