Savings Log of a 26yr old on low pay

cashbackproblems

blinko wrote: »

well done buiddy but start putting some in the stock market, you get 2% from a savings accounts basically nothing all you need to get from teh markets is 4% and you have saved a year of your life, and 4% isn't hard all the best

I agree, a safe ftse 100 company will pay dividends much greater than a bank, but its a shame tht most ppl dont understand how shares work so will probably end up losing the money. best bet is to research/speak to someone investing first b4 committing to anything.

MoneyWaster2007

Got offered a full time contract at work yesterday after being a temp for 19 months! Well pleased!

Not sure if I will get any more money until I get to see the contract next week...but the plus points are that I will get paid if I am sick, get overtime at 1.5 times my hourly rate and will have more job security.

The drawback is that I will be converting from weekly to monthly pay, meaning I will need to save 1 weeks wage overall so that I can smooth things out. That means very little spending until I have saved £214.00.

Already got £40.51 carry over from this weeks wage and will get £60.00 for working all day Saturday.

Got to buy my sister a birthday present for her 30th tomorrow...

wish me luck

rockitup

MoneyWaster2007,

I have decided that I have got to send my missus over to you for some lessons on how to make her money go further (you can keep her if she doesn't improve;) lol

juicyjude

Well thats an offer isnt it lol! Well done once again, you really do have a good attitude!

StevieJ

MoneyWaster2007 wrote: »

I have a pay as you go mobile where I get 300 free texts each time I top up by £10. My internet costs me £15 per month on pay as you go...I'm all for a bit of money saving me!!:cool:

If you have an O2 mobile (top up £10 every 3 months,I think) you can use their Broadband for £7.50 a month with no download limit, but your exchange needs to be updated with their equipment to take advantage.


https://www.o2broadband.o2.co.uk/packageDetails.do?productId=134

kerri_gt

I've just come accross this post and i just wanted to say well done and congratulations on the permanent contract, it sounds like you have a very sensible attitude.

malik999

linz wrote: »

Any old mobiles to recycle for cash ?

Just a personal view but i think this thread is going the wrong way. The OP seems intelligent enough he should be able to find a job paying more than £6.25. The OP needs career advice rather than how to save pennies our of £6.25. OP get off your !!! and move it

tiff

And have you noticed the unemployment rates recently? Maybe he will find something within his current company now that he's permanent.

malik999

tiff wrote: »

And have you noticed the unemployment rates recently?.

I really hate this reason/excuse. I guarantee that if the OP really put his mind to it he could find a job paying more than £6.25 per hour. That is a low wage.

linz

I was trying to think of ways to help the OP get a bit of extra cash to put towards his savings, sorry if people think this was not the aim of the thread.