partitioned account?

ramblingspider

I'm new to this site and think its great.
I think the piggybanking idea is the best advice I have had for a long time, but I am not keen to set up 8 separate accounts. Does anyone know of an account that allows you to partition within it ie a single account with 8 or so different segments? I had a vague memory of seeing something like it advertised a while ago. Sorry if this covers ground that has been covered before, but I could not find it.

Thanks,

ramblingspider

dexters_mum_2

I think it was initially an idea by the Woolwich some years ago but I haven't heard of a new product being advertised recently....something I'd be interested in also.

oldwiring

I think INteligent Finance used to ahve a thhing called POets for savings. Not srre how it worked or if still on.

ramblingspider

I had a look at Intelligent Finance and Woolich. As far as I can see the Woolich account is the usual big bank account. Intelligent finance have a money jar system for savings but each jar is a seperate account. Each account can be used for offsetting your mortgage if you choose their mortgage.
Thinking about how the bank would manage such as system I guess each one would have to be a seperate account.
I'm going to have to take the plunge and open loads of accounts.

thanks for the advice,

Julie

Kilty_2

Halifax Web Saver can be used like this (as far as I know) but I think it is seperate accounts as you say.

kingmonkey

It is possible to have "virtual" accounts with pen&paper if you have the self control and time to do it properly.

Mikeyorks

Kilty wrote:

Halifax Web Saver can be used like this (as far as I know) but I think it is seperate accounts as you say.

It is separate accounts. But via their online system - once you have the first one - you can set up further named accounts at will

ramblingspider

kingmonkey wrote:

It is possible to have "virtual" accounts with pen&paper if you have the self control and time to do it properly.

Sadly i don't have that level of self control if I did I would not be here!;)

Julie

Cypher

I do it with an ICESave account and excel. I transfer an amount of money over each month and x% is for Car Repairs x% is for Christmas x% for Birthdays etc Excel splits the money into the various sections so I know how much I have in each pot. It doesn't take a lot of work to keep on top of it.

hollydays

Any update on which account you opened?