How much can you save?

dippykitty

McSaver wrote: »

£0.49 for current account interest.

I have worked out that I will recieve enough wages on the 27th and bank interest on the 1st to hit my major milestone... :beer:

Congrats!

jerrymind

Zazie_Zazou wrote: »

Hi, I'll join in too!

Like Wanno I want to start saving for a flat deposit and I reckon this will help to motivate me.

This time last year I was in debt to the tune of £5,000 and didn't have a hope of saving anything. However, I was lucky in that I got a better paid job followed by two promotions, so I'm now in the position of being able to save money instead of chucking every spare penny at my debts.

Last month I cleared £900 (ouch!) off my credit card, which means I'm now debt-free. This month, when I got paid, the first thing I did was put £500 into a cash ISA, and today I added another £500 - so I have the grand total of £1,000 saved so far. I hope to put £500 into this every month until I reach my £3,000 allowance.

After April 2007 I'll open another cash ISA, followed by a regular savings account.

I'm aiming to save close to £20,000 in two years, starting from now.

That will be great to save that amount in two years.

jerrymind

Tigerwinn wrote: »

I am with everybody on the savings front and found ReportInvestor's post very useful and checked out the websites for the regular savers. Couldn't find the 10% Barclays one on their website (could be my poor navigation).
Is it on the website???

Also found that HSBC said you have to have your salary paid into the current account before you could open a regular saver. I have a current account but have my salary paid elsewhere. Is there a way round this?

Thanks

Yes, you can easily change where you get your salary paid.

JimLad

Welcome Zazie!

Im saving 20k for a flat deposit as well!

Whats your current situation? Living with parents?

Lokolo

jerrymind wrote: »

Yes, you can easily change where you get your salary paid.

You seem to be new here... heres a hint, stop quoting people from 2 and half years ago

JimLad wrote: »

Welcome Zazie!

Im saving 20k for a flat deposit as well!

Whats your current situation? Living with parents?

Read the post again, look at the dates

McSaver

McSaver wrote: »

£0.49 for current account interest.

I have worked out that I will recieve enough wages on the 27th and bank interest on the 1st to hit my major milestone... :beer:

Not gonna happen now because I have wasted £100 gambling again! So im gonna come up short!

Lokolo

McSaver wrote: »

Not gonna happen now because I have wasted £100 gambling again! So im gonna come up short!

Did you bet Arsenal to win tonight??? :rotfl:

Rose_Crow

Going back a bit to the earlier conversation about having to sort coins (sorry, not been online over the weekend), have you tried those CoinStar machines? I use them whenever I need to get cash for my coins, they usually charge 7p per £1 which I think it reasonable if it saves me having to sort all those coins out

Lokolo

But to me, spending £3.50 to sort coins out for 20min doesn't seem worthwhile

However they are a very good idea!

mintedmatty

I pay all the 50p,£1 and £2 coins i get from my pizza deliveries into a coin tin. I banked 2 lots of £100 roughly before xmas! Ive got one of the tins that holds upto £500 and its about 1/5 full i reckon in just over a month. hoping to hold on til its pretty much full but i always like to bank it so it can start earning some interest, if only a little! yeah payday tomorrow! more premium bonds!!!!!