How much can you save?

wheresmydoshat

savings are savings, whether its £50 a month or £500 it all counts.

i used to be able to save an awful lot a few years ago but my outgoings were a lot less than they are now. i don't like a life of luxury, its is just expensive to live.

so if you can put even £50 away each month your still doing well imo.

gelato_cat

How's everyone getting on??

I'm doing OK, still feeding my regular savers to the tune of £1250 a month. However, I need to do a bit of reorganising this month as I have a three-month Halifax Fixed Rate Web Saver maturing this week, along with my Halifax Regular Saver - plus it's ISA time... so I need to decide where to stash my cash!



Suze

wiseman405

Hi there,
Everything is going well for me as well

£600 in a random Account (ready to be fired into the ISA in april)
£1,550 in a regular saver
£3,000 in my mini cash ISA

£5,150

Target for October was: £5,820

Only £670 left until i reach the target. Which is less than 2 months
O i love this saving melarc, its so nice to see 4 figures in my accounts. Might have 5 figures in a year or so
Right glad i left school, don't want to speak soon, but..... its the best thing i have ever done

Thanks
Tom

save-a-lot

Saved around £600 in March, and tomorrow I may be able to save another £100 so very pleased. I have my bonus in this months pay, on the 25th, so I will have almost enough to max out a new ISA.

purplevamp

This month has been a bit of a wash-out for me. Barely saved anything at all. I think in total I've saved about £200, but on the plus side I have trimmed my debts down by £350 this month. I know I should pay off my debts first then save but the debts left don't charge interest. Also what with Hubby not working atm all our spare money is going on rent and bills, until the housing benefit is sorted out. I HATE being on benefit (been there done that before). They want your life story then say "your husband earns too much per month" . He's a student!!! I rang them up and told them they were looking at his wages from his last job - they even had his P45 as proof. "Oh, we'll look into it and get back to you". :mad: So it looks like another month on my p/t wages.

jackie_w

Hi There,

Ive just noticed this thread, and was wondering if I could join too?

ATM I have a joint account with DH, but, dont have anything of my own, and would really like to start my own savings. I wont be able to save anything until beginning of April (all monthly bills due out before then), but, I reckon I could save up to £250 per month myself.

Im afraid I dont have an ISA:eek:, but, that is going to get sorted, however, it wont be sorted until after April.

All this ISA stuff scares/confuses me, infact, banks scare me especially with the way things are now, im not sure if my money is going to be safe. Anyway, I will open an ISA, but, Im not sure which one is the best, I will need to look into that.

So, if its okay to join, let me know.

Jackie xx

wiseman405

hey jackie,

I'm with NS&I

http://www.nsandi.com/products/disa/index.jsp

It isn't bad i suppose. But its variable, not sure if you can get fixed rated ISA's am sure you can

The limit has gone up to £3,600 a year as well

Tom

save-a-lot

Yee haa... received over £400 in dividend payments today from shares I own for the company I work for, so around half of the payment via BACS and a couple of cheques through the post this morning. I knew the divi was good this year, but did not expect that much. Anyway, as soon as I can get to the bank, the cheques are going in, I've already transferred the BACS payments.

wiseman405

Hi there,
Call me dumb if you like
But can i start paying into my ISA anytime after 31st march??

Thanks
Tom

save-a-lot

wiseman405 wrote: »

Hi there,
Call me dumb if you like
But can i start paying into my ISA anytime after 31st march??

Thanks
Tom

No, for 2008/09 the tax year starts on the 6th April. So from then onward.