How much can you save?

LucyTheDwarf

Aussieonabudget wrote: »

Good luck to everyone, regardless of their saving aims and current situations, as long as you save as much as possible you are going to be better off than if you hadn't saved it at all!!

Well said!

Driving_Soon

LucyTheDwarf wrote: »

I wish! I have a fairly low salary of £15,500. My take home pay works out at about £1000 a month, and I am trying to save as much of that as possible. I'm also hoping my salary rises quickly. It's certainly beaten inflation so far I just try to keep hold of any rise I get. If I managed on lower before, I continue to manage on lower, the rest is saved.

What you do for a living lucy if you don't mind me asking?

LucyTheDwarf

I don't mind you asking, but I'd rather tell you in pm, than in public.

Rose_Crow

If anyone hasn't already done so, I recommend you join the £2 savers club. Been doing this since last year, banked £60, and now have another £90 in my pot. It's a great way of saving money, you really don't notice the odd £2.

Anyway, I'm banking mine when I get to £100, that's another night in a hotel and a bit of petrol for my Switzerland trip

On an unrelated note, I'd had to temporarily wave goodbye to £400 from my ISA. We've been looking at my sister's car insurance (she's 19) and she was being ripped off so got her a much better deal. Being the lovely big sister that I am (;)) I've lent her the £400, and she'll pay me back £100 a week. Tempted to charge her for the interest that I'm losing if the money had been in my ISA - so maybe I'm not that nice

gelato_cat

grn.w.nv wrote: »

If anyone hasn't already done so, I recommend you join the £2 savers club. Been doing this since last year, banked £60, and now have another £90 in my pot. It's a great way of saving money, you really don't notice the odd £2.

Thanks - how does that work?

grn.w.nv wrote: »

On an unrelated note, I'd had to temporarily wave goodbye to £400 from my ISA. We've been looking at my sister's car insurance (she's 19) and she was being ripped off so got her a much better deal. Being the lovely big sister that I am (;)) I've lent her the £400, and she'll pay me back £100 a week.

:eek: It would have been better to put it on a credit card - hers or yours (or one of you apply for one (pref 0%) if neither of you have one). That way, you still get to pay it back weekly (and possibly interest-free) and you don't lose any of your tax-free benefits. It was only £400 but every little helps

Suze

Rose_Crow

Suzey: There's a thread floating around in Debt-Free Wannabe. Dead simple, just collect every £2 coin which comes into your posession!

We did think of doing the credit card thing, but too late. Anyway, with my ISA I'm not going to reach the £3600 limit this year, so withdrawing some cash from it won't hurt

zag2me

grn.w.nv wrote: »

We did think of doing the credit card thing, but too late. Anyway, with my ISA I'm not going to reach the £3600 limit this year, so withdrawing some cash from it won't hurt

It shouldn't matter if you cant fill the whole 3600, once you withdraw money from an isa you never get that allowance again for the rest of your life, its like giving away free money that the government wants to give you

Over time with compound interest it really makes sense to keep every penny you can inside an ISA, however much you can afford.

gelato_cat

Thanks! Do you ever "cheat" and ask for £2 coins in your change?

I don't use cash much but I do happen to have a £2 coin in my purse. Hmmmm...

Suze

grn.w.nv wrote: »

Suzey: There's a thread floating around in Debt-Free Wannabe. Dead simple, just collect every £2 coin which comes into your posession!

jak

The 20p savers is a good one to if £2 coins are a bit too much for you. I do the 20p savers and it's amazing how many you get! I'm a bit sad and get really excited about each one I collect!
J
X

Rose_Crow

Geez didn't realise that, thought it was only for the year