My Savings Log

MoneySaverLog

Inspired by one savings log on here I decided to create a log of my own to keep track of my savings over the years.

Having paid off all my credit cards last year, I started a Cash ISA this tax year, it's the first ISA I have which I don't plan to touch and just keep adding to it. So far I have managed to save £2,500 of my £5,340 allowance for this year.

I am planning to save into this ISA with the AA for the remainder of this year and plan to fill this by then.

I've also opened up two regular monthly saver accounts with West Bromwich Building Society (4.1%) and Northern Rock (4%) and saving the maximum £250 into each of these accounts.

I have put £1,000 into index linked saving certificates and have £1,100 in premium bonds with NS & I.

I want to put some away into a Stocks and Shares ISA for the longer term, and contributing £50 per month into a Interactive Investor account. Not sure about which shares or investments to go for though, so will just build that up as cash for now.

Through my company I am contributing into a Share Investment Plan at the rate of £125 per month, and have just started this. I'm thinking of the Sharesave next year too but may have to make a choice of one or the other then.

MoneySaverLog

Please note if you make any negative comments here I will just add you to my ignore list, and may report the post to the admins. If you get added to my ignore list, any future posts will not be visible to me. You have been forewarned, as to my reasons for not replying to these types of posts.

MoneySaverLog

21/08/2011: After the removal of my signature, I'm updating my totals here to keep track and motivate myself.

AA Cash ISA - £4,340 / £5,340
NS & I: Index Linked Saving Certificates £1,000 - Premium Bonds - £1,100
Regular Savers : Northern Rock - £750 - West Bromwich BS - £750 - SIP - £250
LTSB £35 :beer: £5 Reward Saver £0
Totals Updated 15/08/2011 (£8,225) Payday 15th of Month
http://forums.moneysavingexpert.com/....php?t=3345724

07/08/2011: Well after the battering the markets have taken lately, I'm not sure if this is wise or not. Perhaps I should just continue to save for the time being. decisions, decisions...

24/07/2011: Well I am undecided whether to invest in the stock market, I hear that it has reached it's peak and that shares are likely to go down over the next few years.

What should I do? I was thinking of investing £250 a month into a S&S ISA, but obviously don't want to invest if it is at the top. Looking at some charts for the following trackers it does appear that the prices are at the peak, so maybe this is a better time to stay out the markets and save.

Anyway I was thinking of the following funds...

£50.00 - L&G AS GBL EMG MRKS IND R GBP ACC
£37.50 - L&G UT Pacific Growth Trust R ACC
£25.00 - L&G UT US Index ACC
£37.50 - L&G UT European Trust R ACC
£100.00 - L&G UT UK Index ACC

I'm thinking this is quite balanced, as it covers the world indicies, and so believe my risks are spread, but again all the charts indicate that these funds are at the top price. Ooh don't know what to do now.

JonnieShah

Hi.

Have you managed to set up a 'pension' for yourself?

MoneySaverLog

I've been paying into a company pension scheme, which is final salary, for the past 13 years so I'm not to worried about my pension at the moment.

JonnieShah

Oh I beg your pardon, I got you confused with somebody else who had been trying to sort a pension.

Good work with your savings. You appear to be doing very well with it.
I'm trying to 'change my ways'. I do like to spend, but fortunately have never got myself into debt.