How much can you save?

innovate

Lethal_Brizzle wrote: »

Thanks Innovate - amazing advice. I did look into the Halifax & First Direct accounts a month ago but I don't meet their T&C's.

That's a crying shame - - - you, with no debts and money to save, don't qualify, who will?

Kutierezharyi

Leahcim1985 wrote: »

Set up a direct debit to take savings out of your account and into a savings account on payday.

If the money's already gone then you can't spend it. Waiting to see what's left over at the end of every month is the best way to have no savings because nothing is ever, ever left over, no matter how much you earn.

Best tip anyone ever told me when I started saving.

Thanks.. Now I am going to follow your tip from today hope as it worked for you It mighty work for me and I might be able to save money for any crucial time...:T

quintwins

tinkerbel wrote: »

Quintwins is the £30,000 just a stage or is it the whole target?

Well that was our building site target however we've seen serval on property sites for £20k lately and still coming down, however we've also been keeping an eye on auctions and have seen loads for £5k-£8k so in a few months time we might start going to property auctions to see if we can pick any up cheap.We had considered buy farm land and taking a chance with planning but we no longer have to do that as the prices above apply to sites with at the very least outline planning premission.Ofcourse while we look for a plot we'll still be adding to our savings.

Once we have a plot we will be savings up £5k emergency fund, and then we will start to do a little building every month rather than savings.

nat21luv

Think I was a bit premature on my end of month update so here's a real one at the actual end of month!

£3282/ £4000

Hoping to get the extra £718 this month with students/ ebay and car boots

kimidezzer

I have a Hargreaves Lansdown Fund and share account with about £10,000 in assorted stocks. They are all dividend paying stocks and I have the dividends payed directly in to my cash ISA account. Would I be better off with a Stocks and Shares ISA or some other way of managing shares? And am I in danger of breeching the tax code once the value of my stock goes above a certain amount?

requisiteclothing143

Our calculator will show you just how much money you could be saving and what you could be spending it on. How much can you put towards your mortgage or savings when you really put your mind to it? With a good savings plan and some discipline, you'll soon have the deposit for your home sweet home.

[Deleted User]

Supercharge_Me wrote: »

Hi All,

Im 24 in the South East, Been a while since i last posted on here but i wanted to share my savings so far and it gives me something to look back on when i spend it eventually! Each year for the last 4 ive managed to put away my ISA allowance and ive just generally saved in between, ive also just sold my car.

ISA: £16000
Savings: £19300
Total: £35300

Im aiming for £40k by the end of the year, which will likely be the deposit on a house, then i aim to start saving another lump - perhaps £10k for fees/furnishings/emergencies.

Wow two years ago and still havent bought a place but recently starting looking so might have to spend it

ISA: £28,350
Savings: £31,750
Total: £60,100

Zars

Wow that is really impressive Supercharge.. Keep up the good work.!! Any tips you can share that helped you along the way?

Lethal_Brizzle

That is a staggering amount Supercharge and so impressive for your age - well done! I must admit my target is just so I can go into a bank and talk to them about the potential of a future mortgage without them laughing me out. Realistically I need £30k. :eek: It got me quite down at first as that is like monopoly money to me.

However, I have just seen a thread on the debt free wanabees board that has got me motivated again. Don't you just love this site! It involves the target amount being divided by 100 with your goal being hitting each percent by whatever money making means you prefer. So in my case I am continuing with saving £500 per month which will hopefully give me £10k by the end of next year. In addition to this my target is to make £200 x 100 (to raise the extra £20k). Which I find less of an impossible task - well mentally anyway! Just need to make the money now........

The original thread was called "Starting Again, 1% at a time, 100 ways to make £80" I cant post the link being a newby

Only_a_ginger

A tiny bit related, and I just wanna share what I think is pretty good going...

I have an old sweet jar that I drop coins in every now and then, and I've got £120 in there!

I'm staggered it's that much....I'm gonna be frivolous with it though ( not very mse, but oh we'll!)