How much can you save?

Ciaran124_2

LucyTheDwarf wrote: »

Hi Ciaran, welcome!

Hi there & Thanks!! I opened a santander cash isa. 3.2% flexible account. Thanks for the tip. Thought I mite as well just go with the Isa and not the savings account because its tax free and not sure if I would have got taxed.

All into this new isa account now as it happens and just cant wait to get paid some money! Come in on Friday

Brallaqueen

Hello All, hope you don't mind me butting in.

I'm trying to save some money - firstly for an emergency fund in case anything in my flat goes boing! and secondly for my sister's 40th birthday (she wants a bells and whistles trip to Florida).

I don't earn a great deal, have a large family so birthday/christmas is a bit of a mare. I do have a lodger (£300 per month) which helps but I really need to knuckle down and get myself into savings mode.

All the best to everyone and keep saving

UnluckyT

Hello all, hope all is going well, will pick up soon, and good luck with it.

Had a look at my budget, had a good think, realised that im in the same boat as everyone else, that the overtime isnt really their and that i need to save what i can for my hols plus for anything else.
So i'm aiming to be saving £5 to £10 a month for holidays plus the same again for anything else in another account a month.
Anything got to be better than nothing is what im thinking, i got a once in a lifetime trip this year so who knows?

Ciaran124_2

UnluckyT wrote: »

Anything got to be better than nothing is what im thinking, i got a once in a lifetime trip this year so who knows?

Well surpose that is true anything is better than nothing. What was your once in a lifetime?

redbull5

Keep going guys

UnluckyT

Im going to New Zealand for about a month, doing some touring as part of an escourted holiday booked through a travel agent plus a week with a cousin living out their.
Had a couple of holidays, but have saved for years to do new zealand.
Im thinking i could and should save a few pounds elsewhere too for evenually buying my own place and that sort of thing, but like a lot of people, things are tight. worth thinking about/looking into?

rictus123

Having a good fund build up putting away 4 figure of my net income. I was not the most motivated when it was just early hundreds but now its up more than a fortnights wages. So must have been at it 2 months now. Best idea iv come up with yet especially as its landed right on a payrise so the extra money is not going to be missed if iv never had it! 2 months iv been at it to get 2 weeks wages..another 10 months and il have 3 months net wages in bank account as emergency fund. Might treat this as my £0 and take it from there.

Couple of aims

1-Get 3 months net wages as emergency fund by May 2012
2- Hand back car once paid half-about October. Frees up £240 a month, this will clear cards and overdraft in less than 10 months
3- Save up deposit/fees/moving costs for house by June 2013
4- Get net wages savings upto 6 months/at least a years expenses before taking plunge onto ladder.

4 simple steps. First one i am about 20% the way there.

Ciaran124_2

UnluckyT wrote: »

Im going to New Zealand for about a month, doing some touring as part of an escourted holiday booked through a travel agent plus a week with a cousin living out their.
Had a couple of holidays, but have saved for years to do new zealand.
Im thinking i could and should save a few pounds elsewhere too for evenually buying my own place and that sort of thing, but like a lot of people, things are tight. worth thinking about/looking into?

Nice Nice sure that will be lovely! Yeah will if ur looking for a house I say its worth looking into good regular saving accounts and cash ISA's.

http://www.hsbc.co.uk/1/2/personal/savings/regular-saver

This is a 12 month contracted first time home buyers saving account. I like the sound of this one for you and would look into it and if it is the right account for you.

dippykitty

Got my cheque today for last month's hours so should be able to add to the ISA next week once it's cleared. Will update the sig then.

UnluckyT

payday yesterday, sorted out finances pretty much for the month.
after bonus (£500), overtime owed from last month plus part of my sick pay(had a ganglian removed), i got an extra £380 after tax, ni and pension? will need to work out how much im gonna save and where.
plus found out today it the last time were getting a bonus? feels kinda pants, i work for the co op so it about £6.10 an hour and the bonus just soo comes in handy for boosting savings etc?