Financial security

Leia_Stephens

no, i intend to keep my savings intact ;D and pay off my overdraft using self discipline! i am in the process of switching my cc to a 0% one as well.

I can soooo emphathise with wanting to keep your savings intact ;D.

When you say "using self-discipline", do you intend to pay a certain amount off your overdraft each month, or tighten your belt with your outgoings ???

Good luck with BTing to a 0% cc .

Leia

Tayus

i'm gonna be tightening my belt for a while, which should'nt be a problem i hope!

Yorkieds

Admiration from me Tayus,

At 19 you've listened to all the advice and come to your own conclusions.

Tighten the belt, keep the savings intact (rainy day), sort out the debt, best of luck with the 0% cc,
but please, please, please

at 19, don't forget to have some fun!

Regards
YDS

Yorkieds

Sorry Leia

Forgot the smileys,

Be Happy ;D

Tayus

Thanks, i'll try to have some fun but i think to myself that i'd rather concentrate on getting a good sum of money in my bank whilst i'm young then that should make it easier for me when i'm older, i hope to have £10,000 saved by the time i'm 21!

Tim_L

Good luck to you - it's an admirable attitude.

The only thing I'd say is that it's maybe worth having a couple of dissolute and maybe even relatively spendthrift years while you're young enough for your body to stand up to the strains!

Leia_Stephens

but i also have 800 in an egg savings account, 100 in a halifax websaver with cashcard and 4140 in a halifax websaver without cashcard.

Have you considered amalgamating your savings ??? into 1 ac/c which will pay you interest on £5,040 .

How long have you spent saving your current £5,040 ???

Leia

Pal

Thanks, i'll try to have some fun but i think to myself that i'd rather concentrate on getting a good sum of money in my bank whilst i'm young then that should make it easier for me when i'm older, i hope to have £10,000 saved by the time i'm 21!

Remember that one of the major investments you will need to make in your life is on a wife, and you will need to check out the market before deciding. As a result you want to makes sure you get top quality "samples" to road test.

Unfortunately, for this you need to spend some money. In particular you will need a nice car, deodourant, soap, a lots of alchohol for your "sample" and so on.

While these items might seem like those that you can cut down on, I highly recommend making a reasonable investment in these areas. You will find that quality drops very rapidly as soon as you stop spending top dollar.

Tim_L

Pal, it does seem that you have been paying too much attention to Dannyfrommanchester (hence perhaps the slightly unusual spelling of "deodourant" (sic) and the requirement for a nice car), and are advocating investment in a Spice Girl level of wife.

I've found that the cheaper, used models are perfectly acceptable for general duties, and require very little outlay beyond the initial procurement. In fact they need very little more than a regular service and their points attending to, and they will provide years of use. But do pay attention to the ride quality, bearing in mind this will tend to degrade over time.

Tayus

it has taken me about a year to save this amount,

Dont worry i have a lovely girlfriend already! ;D