How much can you save?

alohahawaii

Lokolo wrote: »

You have until April 5th to have the last remaining £200 in your ISA. ING will leave it available to have more money go in from April 6th. If you then deposit money into this it will then be your ISA for 2009/2010. Other than that, if you leave it as it is, you can open the Barclays one on April 6th and use that as your ISA for 2009/2010.

thanks for the reply. taken money out and put it back twice in the last 3 months. ING must think i've gone mad. got a new car though so hopefully it wont cause me anymore hassle.

off to work on a budget!

Lokolo

McSaver wrote: »

I have just noticed in your sig you have "competition wins 2008" shouldnt that be 2009?

When I sold the Barclays shares on Tuesday when I felt nervous and concerned about my profit... all they did afterwards is UP! :mad: :mad: :mad:

Never mind, the main thing is I didnt lose any of my money in the end.

What happens if you ended up being too greedy and then they fell 20%? You would be going ARRRRGH why didn't I sell etc.etc. You got a nice profit, be happy.

McSaver

Lokolo wrote: »

What happens if you ended up being too greedy and then they fell 20%? You would be going ARRRRGH why didn't I sell etc.etc. You got a nice profit, be happy.

Yeah thats what I was thinking at the time when I was £386 in profit - At 1 point it was £500 and I thought if I end up back at break even I would sell and get my money back and the whole trade would be pointless in the end so I wanted something for it. Gotta look for another investment now.

McSaver

* Savings Update - March 2009 *

Anyways time for my monthly update and after the Barclays shares trade which resulted and a relatively decent profit is looking to offset the MJ concert that I will be attending in the summer. I have been making the most of opportunites to get some extra work as well at this time of the year because I know there isnt going to be much in the near future. so I have made a good start in my savings quest in 2009. This month I have saved £800 and made a transfer of £499 to the savings account because there was £1 minimum balance in there when I transfered my money out last month to buy those Barclays shares. I am back on target now to save £10,000 again for 2009.

The Perentage Has Been Updated.

rictus123

Well done McSaver, thats impressive, £800 for a month, i dont even earn that in a month, will be smashing that barrier in June though when i turn 18 and finish the 2nd year of my apprenticeship. Can i ask how old you are? If im owe my other half say £100 should i put it in my ISA just now then withdraw it and give it to her a week tomorrow? Any advice for a newbie McSaver? Anything will help, im starting from nothing but starting young!

McSaver

rictus123 wrote: »

Well done McSaver, thats impressive, £800 for a month, i dont even earn that in a month, will be smashing that barrier in June though when i turn 18 and finish the 2nd year of my apprenticeship. Can i ask how old you are? If im owe my other half say £100 should i put it in my ISA just now then withdraw it and give it to her a week tomorrow? Any advice for a newbie McSaver? Anything will help, im starting from nothing but starting young!

I wouldn't bother putting £100 in a savings acount for a few days when you owe it out but then again if your borrowing £100 to put in your ISA for this tax year towards your 2008/9 limit and giving the £100 back to your partner when you get your wages after April 5 then its worth it so your not using the £100 for the 2009/10 allowance lol. I am 24 it says on my signiture!

Roll on April 6!

Crap_with_money.com

Hey all,

Haven't posted in a while as my money situation is a tad complicated at the mo - and there are too many uncertainties until the end of this month for me to actually know where I'm at and what's happening!

I need a wee bit of advice though. I've just started working part-time for Lloyds bank (hope it's ok to say the name of the company?), as well as our salary they give us an extra 4% of what we earn as "flexible benefits". Since I'm only part-time this works out at £21 per month, now for the advice:

We have the option of buying shares with the flexible bens - so I would be paying for £21 worth of shares a month, then Lloyds would match that - so I would effectively get £42 worth in return. I know it's not exactly a huge outlay on my part, but I've never bought anything like that before, so just wondered if it's worth it, or would I be better just taking the money (Which would work out about £15 as I'd then have to pay tax and NI) and sticking it in a savings account?

xx

rictus123

McSaver wrote: »

I wouldn't bother putting £100 in a savings acount for a few days when you owe it out but then again if your borrowing £100 to put in your ISA for this tax year towards your 2008/9 limit and giving the £100 back to your partner when you get your wages after April 5 then its worth it so your not using the £100 for the 2009/10 allowance lol. I am 24 it says on my signiture!

Roll on April 6!

Well im owe her about £100, got £300+ paid into my account today, wont be cleared for a few days dont think. Get paid on Friday. Will be putting this into my ISA and leaving as much as i can in it until next pay(meaning i hope shes not caring about it too much cus she aint getting it:P lol) I think a 5k target by the end of the year might be a little steep for a 17 year old but il be more than 10% there if i manage to keep ahold of my money until 2 weeks on Friday.

shrewsaver

Crap_with_money.com wrote: »

Hey all,

Haven't posted in a while as my money situation is a tad complicated at the mo - and there are too many uncertainties until the end of this month for me to actually know where I'm at and what's happening!

I need a wee bit of advice though. I've just started working part-time for Lloyds bank (hope it's ok to say the name of the company?), as well as our salary they give us an extra 4% of what we earn as "flexible benefits". Since I'm only part-time this works out at £21 per month, now for the advice:

We have the option of buying shares with the flexible bens - so I would be paying for £21 worth of shares a month, then Lloyds would match that - so I would effectively get £42 worth in return. I know it's not exactly a huge outlay on my part, but I've never bought anything like that before, so just wondered if it's worth it, or would I be better just taking the money (Which would work out about £15 as I'd then have to pay tax and NI) and sticking it in a savings account?

xx

Have sent you a PM!

markalun

Well it's finally pay day! I got in to a right mess last month, basically £650 was a totally over-optimistic amount to save in a long month when I was also going on hols. Spent a lot of the month borrowing madly from my other accounts and so this month I'm only saving £300 and trying to get back on an even-keel. Hoping for some interest on the 5th when all my accounts mature, last year I had about £350 interest on half as much money but i'm not sure I can expect that much with the rate cuts this year.

Hope everyone is fairing slightly better than me! :rotfl: