How much can you save?

leahciM

gallygirl wrote: »

The logic of this may be good or may not! If your CC was maxed out & by paying a load off you are giving yourself more credit to use up then no, it's not a good idea. If however you are sensible enough to not incur more spending (which I suspect you are, from this & your subsequent post & fact you're on a savinsg board!) then yes, it is a good idea.

I'm not a big CC user to be honest, it's all debt from my postgrad course which was a necessary evil to get my career going.

gallygirl wrote: »

Re the rounding down - ok, not a lot of money but every little helps. Not just in the concrete sense but in having savings to the front of your mind you'll be less likely to squander money in general. If you can round down every 3 days for a month or so & don't miss it then why not switch to 2 days, then maybe even 1 day?

Managed to put away 15 quid in 3 days, no bad at all.



EDIT: And welcome to the newbies too!

tinkerbel

I got a letter the other day saying lloyds incentive saver is not going to exist any more (grr an easy 3%!) but I've opened another vantage account for now. I can't fill it yet but i will try to, I also need a good new isa for this year because some inheritance ive had locked in a bond matures in september and I can use that (and some savings from my new job) to fill the new vantage and the isa... any good isa tips?

bodmil

I've just opened a NAtionwide e-ISA at 2.75%. Seems like the best short term ISA.

fkelanne

KrazyKel wrote: »

Yeh, My pay and my DLA gets paid every 4 weeks, and my tax credits every week now, all different days, so hard to keep track of money going in and out the bank all the time too.

i too had this problem, i phoned them all up and asked for them all to be paid weekly.
They all do apart for my pay.
I now find it easy to manage my money and pay bills weekly.

bodmil

Just signed up to the company pension scheme, I know it's a pay rise in effect but right now it really does feel like a pay cut!

Driving_Soon

Ahhh, not a good month!

I've spent £50 (and lost) in bets in the last week .... Being world cup I thought I'd play a few bets but I just been so unlucky and now I just want to keep going til I'm up .. but I'll know that will not happen. I have one bet for tomorrow & then that needs to be it haha!!

save-a-lot

Getting paid monthly, I am at the "getting by" stage with one week to go.. once we hit the 25th of the month I can sigh with relief.

liamcowan1

Can I join?

Payday is the 28th and as of then, I'm saving, saving, saving!

save-a-lot

Javon wrote: »

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zaver

Thanks to this thread I am more motivated than ever to save.

For a long time I've been really bad with my money even though I earnt a good freelancer's rate. I just spent on food, consumer electronics and stuff without thinking.

Also spent a fortune living by myself in a one bedroom flat in London. Have since moved back to the family home in West Yorkshire!

I've been good during the past few months and manged to save about 2 months expenses and it feels fantastic knowing there's a safety net. No longer do I need to necessarily earn every month to pay the bills!

Currently saved £1500 in personal savings(meager compared to everyone here!), around £2000 in business account.

Wanting to increase personal to £2500 by October 2010 saving £200 per month. Might be able to save £300 if no major expenditures come up!