How much can you save?

LucyTheDwarf

Lokolo wrote: »

Don't feel bad. I got in the same mood and spent £850 on building a new PC.

My budget is going haywire!

Nevermind!

(OH, and the PC is AMAZING)

But a new PC is an essential (So my fella tells me)! It's just as necessary to life as amethyst and iolite earrings and necklaces are.

I think there must be something in the air, to get all the savers spending. Perhaps the government is pumping mind altering drugs into the water to help the economy...

Also, I've failed on the target I set myself: to not spend more than £20 in one transaction until the end of February (I was excluding petrol in that, by the way). I bought a dress, £25. It is nice though.

minidannii

LucyTheDwarf wrote: »

Pester them, pester them, and pester them again. A month is not acceptable. Phone them for updates twice a day. If you make a nuisance of yourself they'll have more incentive to help you. Also, the more you phone up, the more people you'll speak to, and the more likely you'll get to speak to one of the gems of the banking world. My credit cards have been used fraudulently in the past (I'm unlucky, three times on three different cards), and sometimes you get people who just tell you to wait to see if the transactions clear, or to see if any of them get rejected at a later stage.. and it goes on forever, or you get those that take action and really help you sort it out, and get your money back. Yes, it's a real hassle calling them, but it's the only way to get a result.

how long did it take you to get the money back ? this is the first time its happened, and its worrying as its £10,000, i mean i only had just over £9000 in my account, but it was overdrawn by £1000 by the time i found out.

the guy was like just take out £2000 that will cover the £1000 overdrawn and give you money to carry on spending, but i don't want to spend as if the money doesn't go back in the account i can't afford to spend.

what should i say ? like is there any update on my account ? am not very good with phone coversations, (i was actually shaking phoning to say all my money was gone from my account)

it just doesn't look too good now half the time is up.

Can't believe i saved so hard, even this forum kept me going seeing other people in the same position trying to save.

LucyTheDwarf

I pestered and I had new credit cards within a week. I insisted on them closing the accounts and reissuing me with new cards, as I didn't think it acceptable that I should just sit and wait and possibly let the ********* take more of my cash! I was lucky in that it wasn't my money so to speak, as it was on a credit card. However, a colleague had her current account cleared out on the Monday before Christmas (21st), and they said it would take 2 weeks - but that length of time was only due to Christmas and New Year postal disruptions, in that they couldn't get the new cards and paperwork out to her before then. She was sorted by 5th Jan, which was our first day back at work.

Making phone calls, especially about emotional matters (and losing 10K to thieves is an emotional matter) is difficult. And also, I know from your previous posts you're quite young (I'm a couple of years older than you) which always makes me feel inferior, when talking on the phone to someone older who doesn't seem to care about the predicament I'm in. Just try and stay calm though, and channel your nerves and anger into a productive argument. I would just say "I haven't heard anything from you about the account fraud, and I need to know when I will have my money back", and let them explain how it's going on. Ask them what is holding it up. I really think you have grounds to make a complaint about this, after you get the money back (you will, keep hope) - perhaps we can help you write to the bank.

As an aside, I am assuming from the situation that you keep all your savings in your current account - correct?

minidannii

LucyTheDwarf wrote: »

I pestered and I had new credit cards within a week. I insisted on them closing the accounts and reissuing me with new cards, as I didn't think it acceptable that I should just sit and wait and possibly let the ********* take more of my cash! I was lucky in that it wasn't my money so to speak, as it was on a credit card. However, a colleague had her current account cleared out on the Monday before Christmas (21st), and they said it would take 2 weeks - but that length of time was only due to Christmas and New Year postal disruptions, in that they couldn't get the new cards and paperwork out to her before then. She was sorted by 5th Jan, which was our first day back at work.

Making phone calls, especially about emotional matters (and losing 10K to thieves is an emotional matter) is difficult. And also, I know from your previous posts you're quite young (I'm a couple of years older than you) which always makes me feel inferior, when talking on the phone to someone older who doesn't seem to care about the predicament I'm in. Just try and stay calm though, and channel your nerves and anger into a productive argument. I would just say "I haven't heard anything from you about the account fraud, and I need to know when I will have my money back", and let them explain how it's going on. Ask them what is holding it up. I really think you have grounds to make a complaint about this, after you get the money back (you will, keep hope) - perhaps we can help you write to the bank.

As an aside, I am assuming from the situation that you keep all your savings in your current account - correct?

Funny you said you were closing the accounts and it was sorted right away !

I have had fraud before but never really counted it as fraud as it was sorted within a few hours.

Last year i knew i had £300 in my account, i checked my account the night before, and hadn't spent for abit before.

I went to tesco and was paying with card it was about £6 and it was declined, i thought how strange i knew i had money in my account, and was embarassing as i work for the company.

I went home and told my dad, he said phone the bank which i did the woman was like looking at your account now theres still some more transactions to come out, i kept saying i have £300 i don't spend much so how can £300 go and more to come out. All she kept saying was best thing was to get an overdraft, it was like she was just trying to advertise an overdraft to me. I just said look forget it BYE.

then my dad phoned up and started shouting away, and the woman said your daughter has money in her account so i don't know what your worrying about. I went onto my online account and the money was there.

I never saw the transactions so i don't know what really happened.

Think am gona phone up later, thanks

minidannii

LucyTheDwarf wrote: »

I pestered and I had new credit cards within a week. I insisted on them closing the accounts and reissuing me with new cards, as I didn't think it acceptable that I should just sit and wait and possibly let the ********* take more of my cash! I was lucky in that it wasn't my money so to speak, as it was on a credit card. However, a colleague had her current account cleared out on the Monday before Christmas (21st), and they said it would take 2 weeks - but that length of time was only due to Christmas and New Year postal disruptions, in that they couldn't get the new cards and paperwork out to her before then. She was sorted by 5th Jan, which was our first day back at work.

Making phone calls, especially about emotional matters (and losing 10K to thieves is an emotional matter) is difficult. And also, I know from your previous posts you're quite young (I'm a couple of years older than you) which always makes me feel inferior, when talking on the phone to someone older who doesn't seem to care about the predicament I'm in. Just try and stay calm though, and channel your nerves and anger into a productive argument. I would just say "I haven't heard anything from you about the account fraud, and I need to know when I will have my money back", and let them explain how it's going on. Ask them what is holding it up. I really think you have grounds to make a complaint about this, after you get the money back (you will, keep hope) - perhaps we can help you write to the bank.

As an aside, I am assuming from the situation that you keep all your savings in your current account - correct?

Oh oops i was too busy saying about that thing about my account, forgot to mention about the point you said you were closing your account.

anyway my dad said he was going to close all our accounts and go else where.

then thats where the woman said don't know what your worrying about theres money in your daughters account.

minidannii

oh and i did start to keep my savings in a savings account, but on christmas eve i got a letter saying am overdrawn, and i need to pay back, obviously the transactions must have been pending, cos it was the same, so i thought transfer my savings then there will be no overdrawn letter, as it scared me getting an overdrawn letter.

I have so learn't my lesson, i explained to the bank guy he seemed fine about it but he says next time phone us right away.

thing is if transactions are pending you don't know what they are, and you don't know how much its for

Driving_Soon

I thought I never would get there but ..... This morning I had a payment into my current account, moved it to my savings ... Now I have hit 20k! .. I'm over the moon !

2 years ago I made the choice to leave work and go to college with hope to go to college, at the same I had saved 16k, and had thought it was a dead cert that I would have to go into my savings to continue to study, along with travel costs, rent etc. I cant beleive I have managed not only not to touch the 16k, but to add another 4k!

It's werid, but I'd love to get to 21k, I don't know why I just like the sound of that number alot more than 20k! haha.

dippykitty

Driving_Soon wrote: »

I thought I never would get there but ..... This morning I had a payment into my current account, moved it to my savings ... Now I have hit 20k! .. I'm over the moon !

2 years ago I made the choice to leave work and go to college with hope to go to college, at the same I had saved 16k, and had thought it was a dead cert that I would have to go into my savings to continue to study, along with travel costs, rent etc. I cant beleive I have managed not only not to touch the 16k, but to add another 4k!

It's werid, but I'd love to get to 21k, I don't know why I just like the sound of that number alot more than 20k! haha.

Well done!

Bananasplit

Updated signature.
I've managed to actually put £300 away this month for about 2 weeks and then this morning promptly transferred out £500 for my flights to visit my uncle. Which along with car insurance was the whole point of my savings.
If I put £300 away a month between now and the beginning of May I will add another £1200 to the £800 which will cover car insurance, car hire, a hotel for 3 nights and spending money with some left over!

After holidays are done, I will be saving for far more important things like paying off my car early

Hopefully I will get a bit of extra work in Feb which should give me more savings. 2010 is shaping up nicely!

minidannii

can't believe it why do banks have to put me through this.

when i had money in my account, at least 3 times a week, i got letters saying like congratulations you have qualified for a loan of . . . . . or advertising credit cards, now since money is missing they have stopped that and i am getting letters saying am overdrawn

I have and 2 letters now saying am overdrawn, got 1 today saying £58 will be charged to my account.