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abby1234519
Posts: 1,961 Forumite
Me and my partner have just got through a rough patch in our relationship which nearly resulted in myself moving out and I had to give up my dog as well to work on it.
Anyway we've talked and decided we do love each other so have set about getting out finances in check. We're going to pay about £400 out each month to pay off debts, that includes over payments, we're really lucky to only have a £388 mortgage. SO we have worked out that we should put £200 a month away in savings. Yes I realise debt should be paid off however if our boiler broke down or he broke the bath again or the car broke or the kitchen broke we'd have nothing to repair this all with. So for a year, put away enough for emergencies. We'd still be out of debt before the year is up anyway so
Rambling sorry! Where do I put this £200 each month? Incurring interest isn't really an issue for us at the moment. We both have an account with HSBC each and then another seperate account each with different banks. Recently opened a joint Halifax to put money in after paying bills. So not sure where to go to. We'd like it to be a joint savings
Anyway we've talked and decided we do love each other so have set about getting out finances in check. We're going to pay about £400 out each month to pay off debts, that includes over payments, we're really lucky to only have a £388 mortgage. SO we have worked out that we should put £200 a month away in savings. Yes I realise debt should be paid off however if our boiler broke down or he broke the bath again or the car broke or the kitchen broke we'd have nothing to repair this all with. So for a year, put away enough for emergencies. We'd still be out of debt before the year is up anyway so
Rambling sorry! Where do I put this £200 each month? Incurring interest isn't really an issue for us at the moment. We both have an account with HSBC each and then another seperate account each with different banks. Recently opened a joint Halifax to put money in after paying bills. So not sure where to go to. We'd like it to be a joint savings
Money money money.
Debt
Dec 2016: [STRIKE]£25,158.71[/STRIKE] £21,999.99
#28 Pay off debt in 2017 £3803.55
Debt
Dec 2016: [STRIKE]£25,158.71[/STRIKE] £21,999.99
#28 Pay off debt in 2017 £3803.55
0
Comments
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Personally I wouldn't save with who I bank with just in case of worst case scenario
Pick a fixed rate, regular savings or if you don't have one already an ISA.
I'm no expert but, that'd be my move
I understand not putting all your spare cash into paying debts and wishing to save some, I'd do the same despite what others say Proudly Banking & Saving With:
█ The Co-operative Bank.
█ Castle & Minster Credit Union.
█ Yorkshire Building Society.0 -
Hi bradford and bingley look like thay have some good accounts.
take a look at there web site.
hope this helps
good luck with your debts and your relashionship and your savings plan
all the best:jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j0 -
He broke the bath? :huh:0
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Regular Saver at HSBC is worth a look. 8% interest it you pay £1500+ a month into your current account. The limit is £250 a month but you get screwed if you withdraw.0
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