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Christmas Saving Scheme 2009

josmith51978_2
josmith51978_2 Posts: 16 Forumite
in Budgeting & bank accounts
Hi

I am starting to plan for Christmas 2009, and was wondering what the best vouchers saving scheme is, we did save with Farepak and lost a lot of money so dont want to be in that position again. Who are the best and the most secure. Any help greatly received

Thanks:rotfl:
«1

Comments

  • Sarahsaver
    Sarahsaver Posts: 8,390 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Put money in a bank. At least then it is protected by the government up to 35k. i would think in the current financial climate those type of schemes cannot be relied upon.
    Added to that the implications if you pay into one of theor schemes for 'high street store vouchers' too and you are backing a loser.

    Failing that a piggy bank, and make yourself a spreadsheet of what goes into it???
    Member no.1 of the 'I'm not in a clique' group :rotfl:
    I have done reading too!
    To avoid all evil, to do good,
    to purify the mind- that is the
    teaching of the Buddhas.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The most "secure" place is a bank. You won't need it, but you'll sleep at night knowing you have up to £100K FSCS protection.

    Why not consider a regular savings account? Check out this regularly updated post on the savings board...

    http://forums.moneysavingexpert.com/showthread.html?t=608697
  • anna42hmr
    anna42hmr Posts: 2,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    either a normal regular savings account, or a designated xmas savings account, for instance skipton building society does one and you can open online
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • CopperPlate_2
    CopperPlate_2 Posts: 1,508 Forumite
    Agree with all the above. I put a fixed sum away each month into a bank account which pays me interest at the year end. I know that it's safe (famous last words) or certainly when compared to some of these 'savings' clubs going around/bust. The money is locked away and then you can see it grow over the months/weeks. Best of luck.
  • Kavanne
    Kavanne Posts: 5,093 Forumite
    I have opened a savings account and put in £70 pm from Jan :)
    Kavanne
    Nuns! Nuns! Reverse!
    'I do my job, do you do yours?'
  • cifpower
    cifpower Posts: 6,502 Forumite
    I put away £50pm into a regular saver - I opened the Halifax one back in the summer and am getting 10% interest
  • PROLIANT
    PROLIANT Posts: 6,396 Forumite
    1,000 Posts Combo Breaker
    I have opened a savings account, starting from January I am putting £10 away for xmas 2009.
    Don't do savings stamps, provy vouchers and Park et al, they are a waste of space and you are not protected, I think we should have a betting thread on which firm is going under next!
    Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
  • Inactive
    Inactive Posts: 14,509 Forumite
    PROLIANT wrote: »
    I have opened a savings account, starting from January I am putting £10 away for xmas 2009.


    Wow, £10 for Xmas 2009.;) :T

    You need somewhere safe to save £10.:D
  • PROLIANT
    PROLIANT Posts: 6,396 Forumite
    1,000 Posts Combo Breaker
    Inactive wrote: »
    Wow, £10 for Xmas 2009.;) :T

    You need somewhere safe to save £10.:D
    I missed out the "per month bit" lol :beer:
    Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
  • Inactive
    Inactive Posts: 14,509 Forumite
    PROLIANT wrote: »
    I missed out the "per month bit" lol :beer:


    I realised that, I was only pulling your leg, no offence intended.. ;)
This discussion has been closed.
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