How much can you save?

Masomnia

Cheers Lokolo, congrats on the interest, I noticed the total in your sig had been updated! I'm guessing you rounded up your balance then

I didn't really ask for any specific amount, the guy just came out and said the limit they allow in second year is £1,400 and if that was ok. So I just said 'Yeah great!' expecting to have to haggle. So yeah he said it would be active by midnight that night, but apparently not.

Been having a mare financially recently!

Lokolo

Ha yeh I also got my student loan payment 1 today so also added that. Few months should be able to add a bit more though which is good.

Starting to look at placements for next year, arrrrgh so many choices.

Masomnia

Ahh good luck with that! What are you studying?

I really can't wait for my money to go in! I don't like that I can't save monthly, but I'm benefitting from budget experience haha.

mickbhall

i Have only been saving a few month recovering from dept i have 500£ saved bewtween a isa on regular saver. it amzaing i dont like spending money now.

Wantosave

Hi all,

I am suddenly spurred on by Lenny's_shinpad so to speak, lol, :rotfl: A very motivational first thread there (so thanks Lenny).

Well, having achieved my first goal of saving 5,000 pounds (that's 100 bricks Lenny!) I should like to go further and I shall now put my ultimate target to be 50,000 pounds, at which point I shall have to consider which other lucky financial institution to put the remaining 15,000 pounds into (that's one thing I do know after the financial impact of last week!).

Best regards

:A
Money Angel

Wantosave

Lenny's_Shinpad

I would be interested how long exactly it takes to read 93 odd pages of threads!!! (ZZZZZZZZzzzzzzzzzzzzzzzzzzz) but I know it will be worth it :rolleyes:

Perhaps you would like to share your thoughts on some of the best tips you've seen out there when you've accomplished your looooooooonnnnnnnnggggg task :eek: (Not trying to scare you off, of course).

Money Angel

:A

clareevy_2

Hi All

I'm a forum virgin so please be gentle with me! Love the site but am a bit confused by all the different threads and various savings goals that everyone seems to be involved in.

Basically my situation is that I am debt free (apart from the mortgage) and already have some savings. I know that I waste money when I buy sandwiches for lunch at work and will often buy items such as shoes/clothes that i don't really need. I'd like to see how much i could save by not buying these things that i don't need and do something useful with the money like paying it off the mortgage.

any ideas about where I should start??

Clareevy

save-a-lot

clareevy wrote: »

any ideas about where I should start??

Clareevy

Hi

First off, welcome to MSE :wave:

Why not work out how much you are spending roughly, and post into this thread a guess-timate of the monthly amount you could be saving. For instance I could easily spend £20-£25 a week at work on food and drink if I bought it there, I don't so I make a saving there.

Work all out and post it here and people in this thread could help to make you more savings and give further suggestions.

Lokolo

Have you got a budget planner?

Basically sort out what your income and vital out goings are (bills/mortgage/food etc) then sort a little budget out for extras such as your sandwiches etc. that way you can keep an eye on how much you are actually spending in each of the areas.

That way if you think you are spending too much on sandwiches or takeaway pizzas you can cut down. Save a bit more instead.

Most of us have savings goals, for me its my signature, although I only earn little amounts, next year I am on placement so my big save will be then

princessdaisy2k

Make sure that everyone in your house that is 16 and over is got an ISA and it is used as fully as possible before any tax is paid to the tax man of your savings. This was at least you get the interest in whole.