Savings Log of a 26yr old on low pay

Zoology_Dragon

Amazing thread, I've read the whole thing over the last day or two and I am seriously impressed. You're doing a fab job, keep up the good work!

MoneyWaster2007

Thank you! It's been quite a journey so far. Aiming for £9k by year end but am £60 off target. Don't know where that will come from in 2 months

ChesterDog

MoneyWaster2007 wrote: »

Why does a current account pay better interest than a savings account? I'm baffled....

Especially in these days of 'easy' switching, they want to attract customers. They know that many people won't bother to move on.

MoneyWaster2007

Good point. I was thinking about opening the YBS curr acc at 4% to £3k aswell. Anyone know the conditions of this account?

Archi_Bald

It's Yorkshire Bank (YB), not Yorkshire Building Society (YBS). Two entirely different animals.

There's a long thread about this account : https://forums.moneysavingexpert.com/discussion/4798346

MoneyWaster2007

Hi all, bit of a moan coming up (apologies in advance).
So far this month I've had to turn down a football match and a night out, the joys of living within your means! Sometimes it's bloody hard to stick to. I know it's worth it though. Can just get a bit depressing at times, for example this weekend I won't be doing much at all. Apart from a bit of coursework, my highlight will be the xfactor and maybe a couple of cans.
I also sometimes wish I didn't live out of a room at àge 29, it's a bit degrading. Doing the best I can really and hoping for the best.

Spirit_2

Hello, this is a really impressive and motivating thread.

Congratulations

innovate

MoneyWaster2007 wrote: »

So far this month I've had to turn down a football match and a night out, the joys of living within your means!

Don't despair, MoneyWaster2007. Not being able to do what you'd love to do is just totally normal, however much money you have. There's always something that you would like to do and you cannot afford to do.

Eponym

MoneyWaster2007 wrote: »

Hi all, bit of a moan coming up (apologies in advance).
So far this month I've had to turn down a football match and a night out, the joys of living within your means! Sometimes it's bloody hard to stick to. I know it's worth it though. Can just get a bit depressing at times, for example this weekend I won't be doing much at all. Apart from a bit of coursework, my highlight will be the xfactor and maybe a couple of cans.
I also sometimes wish I didn't live out of a room at àge 29, it's a bit degrading. Doing the best I can really and hoping for the best.

If it makes you feel any better, my uncle is on a low income and still lives at home at the age of 50+! All things are relative - at least you have your own space!

linz

Try not to get depressed MW. You've done brilliantly so far and loads of people who read this thread also think so too. Each weekend sat watching the x factor instead of going out is a step closer to affording your own place. Who knows, maybe at the end of your course you might pick up a better paid job. How much are 2 bed houses where you are? Maybe you could think about one which needs a bit of doing up, and get a mate/lodger for the other room? Would certainly help towards your mortgage in the early years.

Keep positive!