How much can you save?

Isabella_k

Nut97 wrote: »

Hi, hope you don't mind me joining in. New to saving when I had a high paying job was pretty much spend spend spend (on credit cards aswell). Now I'm debt free I'm looking to start saving but only on £14,500 + bonus & over time but not many out goings. Will update later

well done on getting debt free, and good for u starting saving
Am in similar position, only just paid off debts and about to start saving for first time in my life. Good luck

meebsquat

Savings_Dave wrote: »

Well made some big changes this week to my savings:

• Transfered ISA from Lloyds @ 2.5% to Halifax @ 3%
• Added Vantage to Classic account with Lloyds @ 4%
• Distributed matured 10k Northern Rock bond to AA and Santander e-savers @ 2.8% (and above Vantage account)
• Opened Natwest e-saver @ 2.85% to build up £5,100 2011-2012 Cash ISA allowance come April 2011

After just over 12 years of full time employment (now under 15k a year) I've saved £64,000 (by end of this October) and have calculated that I will recieve approx £150 a month net interest from November onwards.

Next big thing will be February 2011 when my three year NS&I Inflation Index Linked Savings matures - will re-invest I think as the term I had was a good interest rate (will max it out if possible).

You are my hero! If I met you in real life I would buy you a pint!:T

black_taxi_2

can you transfer a cash isa anytime of year?

Lokolo

black_taxi wrote: »

can you transfer a cash isa anytime of year?

Yes. Just make sure you aren't tied in (fixed rate product and such) as you could lose interest.

cloud_dog

black_taxi wrote: »

can you transfer a cash isa anytime of year?

Yes. All the usual caveats apply, i.e. no tie in period from your current provider, no restrictions from your new provider, etc, etc.

Money_Saving_Monkey_2

Hi all, I thought I'd join in with this savings lark!

I'm currently saving up for a house deposit. I've just managed to hit my original £15,000 target, so I'm going to extend it to £20,000.

I should be in a position to consider buying next year, so I'm going to see how close to my target I can get

Nut97

Money_Saving_Monkey wrote: »

Hi all, I thought I'd join in with this savings lark!

I'm currently saving up for a house deposit. I've just managed to hit my original £15,000 target, so I'm going to extend it to £20,000.

I should be in a position to consider buying next year, so I'm going to see how close to my target I can get

Wow! really well done :j

Nym_Mcfroglet

Hi all,
I've just taken the plunge and set up some savings accounts, I won't be putting as much in for now as some but as I've never saved in my life (hangs head in shame) this is a great start. So, each month I'm going to put £50 away and if I have more left over I'm sending it all in. I'm very excited about this I must say!

Rose_Crow

MSM - Well done for saving an impressive sum!

Nym - Good luck, you're going to love saving, it feels so rewarding

tara747

Hi all

Belated end-of-Sept update from me (was on hols)! I'm up to £39,245 - almost £1,000 saved in Sept but that includes back pay. This is less than I would have liked, but I have lost over £400 in the CCE collapse so that will set me back, as I had been buying euros for a trip next month. I also gave my mum some money for something that she needed. Still, I aim to get as close as poss to £42,000 by the end of the year. I can do it!

Well done all of you, especially those who have reached their targets and are increasing them. I salute you!

Off to update my sig.