How much can you save?

monz

Hey do you think the Santander first home saver is a good idea?xx

redbull5

monz wrote: »

Hey do you think the Santander first home saver is a good idea?xx

it is a good idea, but i dont think its no longer available

rictus123

Well got a few homers maybe coming my way soon. Enjoyed having Thursday and Friday off on holiday last week, may take whole of this week and Monday then go back a week tomorrow. Maybe work next Tues,Wed,Thurs and have the Friday off. Then onto 6 day weeks again.

Got so much plans, roll on the 5th of Aug,where it all begins now iv had the payrise iv been working for 4 years for! Any regular saving accounts with a decent rate and get a cashline card/decent online banking? Santander online just aint working for me, customer service is shocking

monz

redbull5 wrote: »

it is a good idea, but i dont think its no longer available

yeah i tried took me to a page about fixed rate of 5% but gonna read into it first though and decide first.

Thanks x

linz

rictus123 wrote: »

Any regular saving accounts with a decent rate and get a cashline card/decent online banking? Santander online just aint working for me, customer service is shocking

You could try switching to a First Direct current account (have to pay in at least £1500 pcm) If you went through their switching service you'd also get £100 incentive, payable after 2-3 months. Then once the current account is up and running they have an 8% regular saver (for between £25-£300 pcm).

Oh, and customer service is brilliant.

cookie9

Hi everyone been a while since I was on these boards and have now bought my house thanks to my savings, gotten married and now expecting a baby soon. Been busy!

Wedding did bite into my savings but now trying to get back on track. Looking to put 125 aside per month and also try to put some additional sums towards the mortgage as would like to reduce it before I am on statutory maternity pay.

ksr_2

I have two savings account, Flexible Saver and ISA, not happy with APR now, but no choice to change it. Better income on ISA now instead of keeping more money on Fexible Saver account.
Not sure about other Banks, but I think they are similar.

atush

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.

Rictus,

Consider that as you already have some saings made as a buffer, once you get to one month's pay that instead of building up further you pay down your debt. The interest you are paying is just holding you back in your efforts.

List your debts, and pay them off in order of the most expensive first. Then use that extra to salm down the next one etc. Overdrafts are usually last as they are usually less than CCs.

Once all debt is gone, then go back to building your 3 months emergency fund. you will get there faster if you pay debt off first.

McSaver

* UPDATE - JULY 2011 *

McSaver went to become McGambler and lose all of his life savings of £80,000.

Sorry for the lengthy updates, couldnt bare to post this one a long time ago.

bellodharma

hi guys. i'm a newbie here

so here goes my spending and savings:

**i bought a house last month and started my down payment just this July 20th.
**i'll be paying the equity for the house in 15 months with the total of $5,000. the mortgage itself will be paid in 20 years ($40,000).
**i have two savings accounts i'm trying to manage, my checking account which doesn't earn interest for my mortgage, plus a credit card that i'm paying off right now with $660 credit.
**i'm now trying to at least get going on saving up to 50% of what i'm earning right now.
**have two jobs right now so my earnings on the 1st job wipes away my mortgage plus any expenses i have. (rents, food, needs, family, etc.)
**2nd job is for the credits and hopefully the half of it would go to my savings account.

i'm enthusiastic if i can do this half of the year already. crossing my fingers not to punch the keys in the atm to withdraw the money. :j