living costs

jcton

me and my husband are looking to improve our finances,

we both have individual accounts and earn approx £2000 each per month and a joint account for everyday expenditure and bills.

we are both open to suggestions from a financial point of view for the best way to move our money around for payments and savings.

Gizmogiz

I think we need more info from you.
Do u have any savings at the moment.
What are you outgoings each month?
Do you have anything in particular you want to save for?

If you currently don't monitor your spending at all then this is the first place to start. Make a note of everything you spend each month esp on food shopping/going out/utilities etc. Once you know this you can start to cut back and make savings in lots of areas.

jcton

Our net take home is £4800pm and our outgoings are £3,200pm
looking for good suggestions on how and where to place our money

stepharoo

Do you feel like you are overspending on certain things?
Do you put money in savings each month? Paying off any credit?
Do you put money aside for things like car maintenance, holidays, home repairs etc?
Is there anything more specific you can tell us about what you want to do with your money?

Maybe completing a SOA might help us to see what your situation is currently. You can do that http://www.makesenseofcards.com/soacalc.html

Hope that helps!

Plans_all_plans

One of the best ways you can save money long term is by overpaying your mortgage if you have one.

Make sure you have enough savings in the bank to cover a good few months wages before you start overpaying though, as a buffer in case you were made unemployed.

jcton

we dont have a morgage,

just looking a ideas of how we shoud place our money (joint accont or individual or in several accounts??).

we also have £1000pm to save or invest each month, any ideas?

Plans_all_plans

Do you use your ISA allowance? If not, get two separate ISAs in each of your names and put as much as you can in both of those to start with (if you've not got other debts).

As for the rest, this is a good article: http://www.moneysavingexpert.com/savings/which-saving-account

Emmzi

I would ask on the savings board...

Gizmogiz

Ok you'd probably be better off posting on the savings & investments board, they'll be more experts there!