Newbie looking for some helpful hints!?!?!

southernscouser

*Sparkle* wrote:

I really dont understand the logic of this, please explain?

Say for example the credit card has 12 months interest free for purchases.

You spend £250 a month on the card rather than using cash! You then just pay the minimum payment on the card coz it's interest free and put the £250 a month you would have spent into an ISA/high interest account. At the end of the year you have earnt interest on the money you would have spent on stuff if you hadn't used the card!

Total balance of card roughly £3,000 (minus min payments.)!
Savings account balance £3,000 plus interest at say 5%! Maybe £150 better off!

Lydia.42

Hi :hello:
Definitely look around re: house and car insurance.
I was reading the insurance bit of this website last night, and someone mentioned that if you have existing house insurance with Direct Line, you can get a new quote online (cheaper as you get discount, and even cheaper if you also have car insurance with them), and cancel existing policy.
I looked at this and have found that we can save almost £85 a year , just by cancelling our policy and re-applying online. (Just want to call DL tomorrow and check it is ok to do this)
Also at the moment rPoints are doing 2000 points if you get insurance with Direct Line through them, so we get £20 cashback with that too .
Just thought i would mention this, as even if you aren't with Direct Line, there are savings to be made, just need to look.
Good luck in cutting back, you are in the right place for getting advice!!!

donna-dan

Lydia.42 wrote:

Also at the moment rPoints are doing 2000 points if you get insurance with Direct Line through them, so we get £20 cashback with that too .

What are rPoints???

Regarding Direct line. I'm at the moment just the named drive on the policy as it was far to expensive to put it in my own name after passing my test! also the contents insurance is with abbey brought again with the mortgage!! should of been looking at this site back then could of saved alot of time!!!

*Sparkle*_3

southernscouser wrote:

Say for example the credit card has 12 months interest free for purchases.

You spend £250 a month on the card rather than using cash! You then just pay the minimum payment on the card coz it's interest free and put the £250 a month you would have spent into an ISA/high interest account. At the end of the year you have earnt interest on the money you would have spent on stuff if you hadn't used the card!

Total balance of card roughly £3,000 (minus min payments.)!
Savings account balance £3,000 plus interest at say 5%! Maybe £150 better off!

Oh right now i get it! thanks
(but you still have to make sure your not going crazy on the card and putting money into the ISA)

jobbingmusician

Your idea about moving to One Tel.......

AFAIK the £10.99 to OneTel is for unlimited (landline) calls - you still have to pay your line rental to BT. I don'tknow of any way you can buy line rental through One Tel (if you find out, do post it as we are on One Tel and the charge is in addition to line rental

donna-dan

jobbingmusician wrote:

Your idea about moving to One Tel.......

AFAIK the £10.99 to OneTel is for unlimited (landline) calls - you still have to pay your line rental to BT. I don'tknow of any way you can buy line rental through One Tel (if you find out, do post it as we are on One Tel and the charge is in addition to line rental

Visit http://www.onetel.co.uk/index.php?node=landline-line-rental and all your questions will be answered

donnalou

Instead ofa fixed amount direct debit with BT opt for whole bill payment. Then surely they would only take the £10.50

donna-dan

To make life easier we set everything to be paid by direct debit. I will have to phone them to lower the amount or just switch to one tel

donnalou

If you ring the 24hr line there is an option to switch to whole bill payment still paying by direct debit though

Kevicho

Have you looked into a saturday job or even part time bar work (your both young enough to be hired by somewhere trendy)?

Im looking into a saturday job at the moment, (i currently work all week as well), i have did a saturday job before last christmas 2004 which i enjoyed, but i could keep up at the time due to my alchoholism (seriously!) but i think its a good way to earn extra money even if its just on a staurday

other than that im just cutting down on things and unfortunately i (as many others will) think that cutting down on nights out/buying rubbish etc is the best way to go when saving money