How much can you save?

Joscar

Congratulations Zag2me

save-a-lot

Well done, worth it in the end zag2me

gelato_cat

Ooooooh - VERY luxurious!

Suze

zag2me wrote: »

Just to give some people the motivation to carry on saving those house deposits, here is what I just spent 20k of my savings on It was all worth it for the last 2 years.

chelseablue

Zag2Me, LOVE the flat!!

My savings total (joint savings with BF) is now £36,000 and I finally have my platinum medal!!

Not sure how we're going to do in December what with presents to buy and all those social events BF says he MUST go to!

zag2me

Ahh the thread lives again

Thanks for all the comments, its the best feeling in the world moving into your own place! Keep saving everyone.

slowlyfading

zag2me wrote: »

Just to give some people the motivation to carry on saving those house deposits, here is what I just spent 20k of my savings on It was all worth it for the last 2 years.

WOW. that's stunning!!

Woodyrocks

:applauds: Zag2me Thanks for the motivator and CONGRATS!!!!

mike407

Hey,

New to MSE forums.
I'm currently saving for a deposit for a house and seriously started a couple of months ago.
I've managed to get £6,000 so far in two isa's and am due to start paying into my A&L Regular Saver at 12% this month but I'm going to have an extra £500ish to be saved every month and am looking for the best rate. I thought abbey (where I have a CA) did a 10% regular saver but turns out it's 7.5%, I still think that works out at one of the top savers. Does anyone know if there is a better way to maximise the £500?

Thanks all

wiseman405

Hey,
I'm tom and 16
I am currently saving £485 a month.
£285 in my ISA every month.
£200 in a Halifax Regular Saver.
When the regular savers year is up (October 2008)i will transfer the money over into my ISA to top it up for that tax year.
Then open a new saver and putting more money into the saver as my ISA will be full.
I will carry on doing this until i am about 19-20.
And i will then buy a house....But not for me to live in, but for an investment.

Saving about 68% of my wage. Could maybe do better than that. But when ever my current account looks healthy i transfer over money to the ISA.


Any Tips for a youngster with ambition is welcome
Thanks
Tom

PS: I will always make sure my ISA is full at the end of the tax year.

zag2me

wiseman405 wrote: »

Hey,
I'm tom and 16
I am currently saving £485 a month.

Mate!!! your onto an absolute winner if you start saving at that age. with the wonders of cumulative interest, your money will grow and grow and grow.

I only really realised the value of money when I was about 23-24 and If I started at your age I would have 100s of thousands of pounds by now!