How much can you save?

Woodyrocks

Slowly slowly catch a monkey SF. You should be suitably proud and rightly so. Good on you

Rose_Crow

Really pleased I spotted this thread. I'm a bit of a saving addict, well I used to be when I first took on full time work. I then bought my car and was paying that off for 2 years so saving wasn't really an option (apart from short-term saving, car insurance was astronimical!)

So this is my first 'proper' job, although I was previously earning circa £10-12k annum aged 18-21 (this paid for my car). I'm addicted to MS Money and Internet Banking, which I enjoy dealing with in a slightly sad kind of way. Previously I'd used a Nationwide Cash Builder account to save for my car insurance, interest wasn't really a issue as the money was only in the for 6 months at a time.

I've now got an Egg ISA and have had a few quid in Premium Bonds since I was born. I also have circa £350 on a credit card which I'm paying off, fortunately this is my only debt. Once the credit card is paid off (probably about 2 more months) I'm aiming to save £500 a month. I know I can do this if I put my mind to it, but my MG is such a temptation. I can happily throw money at it (bought a new set of alloys this month - naughty naughty!)

Anyway, with determination and a certain amount of self-restraint I'm aiming for £400 a month. What am I saving for? A house of course! Well a deposit. Not got a specific target or deadline but will need to look into house prices and work out how much deposit I need to save (the more the better!)

Anyway, thought I'd just say 'hi', I'll be popping back to see how everyone's doing

cookie9

Got my cheques from Scottish Power this morning. Yippee! ( Getting treats with the dividend cheque but being good and not touching the remainder.)

Finally opened up this year's ISA. Kicking myself for not taking my bags of coins from my piggy bank to pay in. Oh well will just have to face the terrible queue in the building society next week.

Welcome grn.w.nv - hope you make your £400 target.

Slowlyfading - well done for paying into your ISA.

gelato_cat

Hey all

Haven't posted in a while, but have been reading and am glad everyone's making progress (this year's going quick innit?)!

I've had a few bills to pay lately so have had to cut back to the bare minimum savings-wise, which means that all my regular savers stay fed and watered on a monthly basis. With any luck I should be able to save a bit more in the coming months, until my 0% card offer runs out and then I'll just pay it back. I've tarted it about for the past four years and have run out of options now, but the debt is less than £3k so it's not a problem. I'd just rather earn interest saving the money than paying off the 0% debt!

I think I'm on silver now

In other news, I'm back on the GI diet which means I'm bringing my breakfast and lunch to work, saving a few quid a day. I'm also running Race For Life in June and am busy training for that - with any luck the diet and the running will mean I lose a bit of weight!

Suze

jamtart6

argh! i am so far behind with this thread! will try and sit down tomorrow and see how much I have saved!

EagerLearner

grn.w.nv wrote: »

I'm addicted to MS Money and Internet Banking, which I enjoy dealing with in a slightly sad kind of way. Previously I'd used a Nationwide Cash Builder account to save for my car insurance, interest wasn't really a issue as the money was only in the for 6 months at a time.

Me too - but you have to be in order to get some money aside! MS Money is my favourite programme, second are spreadsheets

Rose_Crow

Cookie - Thanks for the welcome, it should be do-able providing I don't spend any money unnecessarily

Eager Learner - Have been using MS Money for about 2 years now, started of with MS Money 2000, and recently decided that it was long overdue an upgrade so I now have MS Money 2005 - slick! Thing is, I can't stand sitting in front of a computer in the evenings as I'm usually parked in front of one most of the time at work. So making up spreadsheets doesn't really do anything for me, I'm far too lazy, MS Money does all that for me! Doing quite well with Internet banking, I have my current account, savings, ISA and Premium Bonds all accessable on the net - I need never go outdoors again!

Anyone else got a penny pot? I've always collected coppers, but am now going for 10p and under as well.

Woodyrocks

I have one of those huge (2ft) whiskey bottle that I dump my loose change in, including £2 coins. My DD has a money saving box (from the halifax) so I end up chucking my pound coins at her.

[Deleted User]

Some months I manage to put away 1K others i go crazy and have 500 left to pop into the reg savers.

Im hoping to save enough to maybe swap to an offset mortgage in 4 years and not have to pay too much interest. Since the rates are rocketting

Vicky82

Hi there,

Am going to join in too! Also saving for a flat deposit. I live in Scotland so need A LOT of savings, as I can't get a very big mortgage on my wages.

I think I currently have £18,907 in savings (all my actual amounts are in a spread sheet at work) and I aim to save around £600 a month