How much can you save?

save-a-lot

SaverRanger wrote: »

Open one now, put as much as you can into it before April 5th, up to £3k, then from April 6th you have a year to stash away as much of £3,600 as you possibly can, and all interest earned is tax free. Check out the best buy tables for the best rates.

So, check out these links for ISA best buys.....

save-a-lot wrote: »

Try here Top Cash ISA's article

and..........

save-a-lot wrote: »

Or this thread: Mini Cash ISAs: The Best ISAs currently available List

The good thing with this thread is that Post #1 is maintained with the latest updates, so no having to look at all the posts.

Forex_Maddness

which bank is the best one for saving with an ISA account, at the min im using HSBC mini ISA.

stacy

SaverRanger wrote: »

Open one now, put as much as you can into it before April 5th, up to £3k, then from April 6th you have a year to stash away as much of £3,600 as you possibly can, and all interest earned is tax free. Check out the best buy tables for the best rates.

thanks very much for that i will be doing so asap and i know who im going to go with now. i cant believe thats so simple what you said but i wouldnt have thought to do it thankyou!!

SaverRanger

stacy wrote: »

thanks very much for that i will be doing so asap and i know who im going to go with now. i cant believe thats so simple what you said but i wouldnt have thought to do it thankyou!!

You're welcome, Stacy. :beer:

McSaver

Forex_Maddness wrote: »

which bank is the best one for saving with an ISA account, at the min im using HSBC mini ISA.

Icesave (6.1%) and Kent Reliance (6.05%) are 2 of the best ISAs that accept transfers in.

Spendaholic78

Hi,

I'm a newbie but have been browsing the site for months. I've been more into credit that saving for years but have started to make a conscious effort to save -opening up a number of savings accounts, a mini cash ISA and a S&S ISA too.

I'm currently saving in total about £450 per month, but I wonder how much everyone else is giving themselves as spending money each month? My credit problem was that I used to skint myself out by paying large amounts off my CC each month allowing no spending for myself, then getting fed up and sticking an expensive holiday or something back on the card.........not the best. I'm now almost debt-free (just a 0% o/d that will be paid off with some of my savings in September)

I'm allowing myself £200-£300 to spend on non-essentials but don't know if this is an average amount, or whether I should give myself a bit more or take a bit less?? (I get paid a decent wage and boyf & I already have a mortgage etc)

It would really be helpful to know how much other people give themselves, just so that I know I'm on track. Some of the amounts people can save on this thread are astounding!

Thanks

save-a-lot

Hi

I allow myself around £200/month for spending, fueling my car etc, the rest is saved and I am able to tuck away between £400 and £450 per month, or at a push £500

beingjdc

I spend £1250 in the average month. Of that £700 is rent, and maybe a further £250 or so is unavoidable bills and costs of one sort or another. So maybe £300 a month on food and, well, dunno what else actually! Clothes, going out, etc.

born_again_saver

Rent and bills etc for me comes to around £450 per month. I try to save at least £250 per month straight out of my pay. I also put aside around £100-£150 for non day-to-day purchases like clothes, hair cuts, train tickets for visits and weekends away.

That leaves me with £250 - £300 for everything else, i.e. food, toiletries, any day-to-day travel, entertainment etc. Anything left over from this amount at the end of the pay month I transfer to savings. I also transfer any excess from my non day-to-day stuff savings account every few months if I know nothing big is coming up.

The £450 for rent etc should reduce to £320 come August, as I'm repaying around £130 per month on an interest free debt at present, due to finish in July. The extra money will be a welcome boost to my savings then :beer:

I should add that I'm budgeting pretty generously for "everything else", rather than whacking masses into savings at the start of the month and running out of spare cash before the next payday. I think this helps avoid any sense of deprivation as I always feel I have a little extra money there to spend should I need or want to. Happily, so far I have tended to have a fair bit left over by payday to add to my proper savings, so with adding to my savings twice a month I get double the feel good factor!

stacy

how many cash isa's can one person open? because i thought you could only open 1 but ive heared of people having 2. and if i have my own one with icesave can i open a joint cash mini isa with the same or diff company??