'How much is in your bank account?' poll discussion

torbrex

G. for me, I try to keep about a months wages available as a standby the rest goes into regular savers which get transferred into ISA's or other long-term accounts annually.
I have had a £100 overdraft available to me for over 20 years but never had the need to tap into it.

shelovestobuystuff

Mine fluctuates wildly as I dont have a regular income,self-employed you see.It varies between about £3k in credit and my max overdraft limit of £2,500.In o/d at the minute unfortunately.
The longest I have been in o/d for is 3 months in a row.

Eco_Miser

Stinkybell wrote: »

Poll part 2 - how many people have answered the poll and then gone and actually checked their account to see if they were right!?

I checked my spreadsheet before answering the poll.

I aim to have enough in to cover the expected bills and an emergency cash withdrawal.

misselvis

Have 3 accounts

lloyds bills account £250 that has to remain in credit
hsbc (where my wages get paid into and all my personal dd come out of)£-500 overdraft is £200 so am going to have to work hard to bring that down
cahoot- where my second job get paid into - ad hoc agency work and is my food and social fund balance is £-470 and the overdraft is £500.

at present am working on paying off some nasty credit cards but hopefully want to start chipping away at my overdrafts and put away one months wage in my cahoot account for emergency

BigSofty

My C/A is linked to my offset mortgage so it doesn't matter if the balance goes high.

rag31

I am totally agog that 11% of people have over 5k in their current account. (or any account to be honest)

A lifetime of living hand to mouth....

Becky

taka

H for me... Is it sad I know the balance to the penny in my main current account without checking? Don't answer that lol!

£35.60 (grocery budget for Fruit/veg/dairy for the rest of the month)
£12.72 + £5 + 13 (direct debit stragglers! - most come out at the beginning of the month)
£50 (just in case money - so if I need cash for something I don't have to go online and transfer it before I go to the bank. Basically so I don't use my overdraft and pay interest on it if I need money unexpectedly!)
= £116.32!

Basically I don't get interest in this account so everything gets chucked into my ISA / savings accounts ASAP after payday leaving enough for DDs and groceries etc! Everything else either gets paid for with my Credit card (and paid off in full every month just after payday) or I Fast payment/transfer the money into this account shortly before I need it if I need cash. Works for me!

PaulChelt

johncolescarr wrote: »

fluctuates between £2500 at the beginning of the month (on purpose) to about £500 at the end of the month. Never more that 2500 as I have an A&L account paying 6% up to £2500. Usually, 2500 on 24th (pay day), £700 on 1st when all the bills come out, 500 on 23rd!

What ever is left over before pay day goes into cash ISA until full, then lump sums onto mortgage to complement regular payments of what ever is left (usually nothing!!)

I too have an A&L 5% current account and, as this is the best interest paying account I have, I siphon out of my savings acc (2.75%) into my current to always keep £2500 in there.

BigMikeyG

rag31 wrote: »

I am totally agog that 11% of people have over 5k in their current account. (or any account to be honest)

A lifetime of living hand to mouth....

Becky

I know the feeling. :mad:

Jennifer_Jane

I voted C, but after my new car arrives, it will reduce to E or F.
Jen
x