How much can you save?

bambi1984

ive just saved 1 thousand pound in 2 months my aims 5k by the end of year. Saving seems to have come addictive got a po account at 2.99% and a 10% hsbc savings account take only 50 quid a month but might raise that to £150

TimBear

bambi1984 wrote: »

ive just saved 1 thousand pound in 2 months my aims 5k by the end of year. Saving seems to have come addictive got a po account at 2.99% and a 10% hsbc savings account take only 50 quid a month but might raise that to £150

That's fantastic, where is this advertised? I haven't seen anything close to that for a loooong time!

Savings took a nose dive this morning as have transferred around £1200 out of savings to pay off my loan. However this means that (as soon as Barclays take the bloomin' payment!) I am DEBT FREE!!!!! :j

I was saving initially to pay off my loan early in one lump sum which I have now done, or at least will have by the end of the day.

This leaves a little over £100 in my savings' account but come January pay day on 28th I should be able to boost my savings back up to where they were this morning, so really it's only two steps forward one back. I am SO pleased!!!!

So, at the minute I pay £287 by standing order monthly into my savings, but can now top this up by £131.95 (which was my loan payment) as I figure I won't miss it now since I've been paying it out for the past two years anyway. Plus I'm due a bonus from work this month so doubly doubly chuffed and can now start saving properly!

Yey to me!! :T

hostie1985

Hi everyone - havent been on here for a couple months (busy at work, xmas, new year etc)

Just a quick update from me - just updated my sig and now current savings up to the 01/01/2011 comes to £23,270.78 - really pleased as i was hoping to get to £23,000.

Hope everyone had a great xmas and new year

Hostie

hostie1985

TimBear wrote: »

Savings took a nose dive this morning as have transferred around £1200 out of savings to pay off my loan. However this means that (as soon as Barclays take the bloomin' payment!) I am DEBT FREE!!!!! :j

I was saving initially to pay off my loan early in one lump sum which I have now done, or at least will have by the end of the day.

Well done TimBear for paying off your loan early, prob saved a little bit of interest as well

Hostie

TimBear

Thank you! I'm very pleased. I had a year left on my loan, an paying it off early is saving me around £100

weeclick

decided to break my target down and work on each goal individually. Especially as I had to wipe out my savings yesterday! My first target is £5,000 for me and HM dream holiday which is booked for 1st July 2011. so far we have paid £1,500 with a further £200 in savings from yesterday.

Once I've reached this by July then I will start saving for my mortgage deposit

tara747

TimBear - good for you becoming debt free! hostie - congrats on your progress

weeclick

Congratulation Timbear thats a great way to start the new year!!

bambi1984

TimBear wrote: »

That's fantastic, where is this advertised? I haven't seen anything close to that for a loooong time!

Savings took a nose dive this morning as have transferred around £1200 out of savings to pay off my loan. However this means that (as soon as Barclays take the bloomin' payment!) I am DEBT FREE!!!!! :j

I was saving initially to pay off my loan early in one lump sum which I have now done, or at least will have by the end of the day.

This leaves a little over £100 in my savings' account but come January pay day on 28th I should be able to boost my savings back up to where they were this morning, so really it's only two steps forward one back. I am SO pleased!!!!

So, at the minute I pay £287 by standing order monthly into my savings, but can now top this up by £131.95 (which was my loan payment) as I figure I won't miss it now since I've been paying it out for the past two years anyway. Plus I'm due a bonus from work this month so doubly doubly chuffed and can now start saving properly!

Yey to me!! :T

thats with hsbc advance banking its 5% if ur not advance customer u can save max of 250 a month for year 3000 10% intrest

ed89

wee update from me, finally reached my £10k target a few days ago.

Hoping that if I can continue saving £400 a month, by the time I am 25 I should have £25k for a deposit