How much can you save?

moneysavingwannabe

Hi everyone,

I just had to share .....the builders have started!!!!:j

We have been planning this for 3 years so it is a big deal.
The house is a tip and me and bf have had lots of arguments already but things can only get better.

Although we do need a complete rewire and new kitchen and new bathroom in addition to the extension :eek: . But I'm sure it will be fine in the end.

I don't think I will be contributiing to this thread soon cos all the money will be gone in 6 weeks :rotfl: (slightly hysterical) But I will be reading still!! :T

slowlyfading

I hope all the building work goes okay for you!! x

moneysavingwannabe

Hi Slowlyfading,

Thanks :beer: I came home today to total devastation - they have knocked the back off the kitchen!! They seem to be doing a good job so far tho!

Good luck with your saving x:T

Vicky82

ferox666 wrote: »

Wow, Vicky, great saving:T

What do you work as if you don't mind me asking? And do you have a high income or just low expenditure, or a bit of both? Anyway thanks for the savings inspiration lol

Sorry for not replying sooner! I am so bad at remembering to check for any replies!!

I am work as an administrator in the Oil & Gas industry. My income is fairly low for an administrator in the industry I'm in... but not sure if it would be considered high or low for nation wide!!

Luckily I still live at home, so my only real out goings are for my car (petrol, insurance etc), mobile phone bill and board money to my parents.... think that must be about it!

McSaver

zag2me wrote: »

If your going to gamble, do it on the stock market Its got far better odds than roulette and you can get the same kind of feeling as gambling proper. There is just far less chance you can loose your money. Although saying that it is still possible!

I think I may consider putting any money that i felt like betting on the stockmarket, at least every day i can see how much the shares have went up or down. My old computer being knackered has hindered myself from being on the internet for 10 days while i waited for the new one to arrive, with buying a new computer it means i am likely to save around £500 more than last year.

zag2me

McSaver wrote: »

I think I may consider putting any money that i felt like betting on the stockmarket, at least every day i can see how much the shares have went up or down.

That's exactly it, I check the stock market each day. Its a great feeling when your shares go up £100 in one day, and a bad feeling when they go down by the same amount! It's stopped me feeling the need to gamble totally.

In reality I have probably only made about £200 in gains in a year on the funds but when you compare that to a savings account its almost double!

theApprentice_2

Great idea!

I will also be subscribing.I have been trying to save up for a deposit for the last year but I guess due to lack of motivation I've kept 'falling of the wagon'.

I have about £1600 in a Barclays ISA @ 6.5% and about £800 in an HSBC internet saver account @ 6.0%.I have been intending to sit down and re-analyse my options,but I think subscribing to this thread would be extremely helpful.

Does anyone have any good links/advise on how to buy one's first house?

Cheers,

theApprentice

campins

I have always saved by standing order as it happens if I don`t feel like doing my accounts every single month. I am currently rate hunting for my savings and ICICI and Bradford and Bingley seem the best "raters" at the moment. :T

campins

Abbey is also quite attractive if you fancy a small (12 month) commitment for a nice 8.1% AER, Link http://www.abbeynational.co.uk/csgs/Satellite?c=GSAgrupAsset&cid=1127562764318&pagename=Abbey%2FGSAgrupAsset%2FGS_TiposInteres#1127562736312 :T

save-a-lot

campins wrote: »

Abbey is also quite attractive if you fancy a small (12 month) commitment for a nice 8.1% AER, Link http://www.abbeynational.co.uk/csgs/Satellite?c=GSAgrupAsset&cid=1127562764318&pagename=Abbey%2FGSAgrupAsset%2FGS_TiposInteres#1127562736312 :T

To qualify though you need to put at least £1500 or more into their Guaranteed Growth product or another qualifying investment product at the same time as opening the Super Bond. So it is not that straight forward.