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Transfering £10 per day into saving account

As it says i am going to log onto my online banking and transfer £10 from my bank account into my savings account every day. If i think of it as £70 per week i would prob think i cant afford that it sounds alot of money but £10 per day doesnt sound as much so im going to give it a try .

Comments

  • shezam
    shezam Posts: 565 Forumite
    Part of the Furniture Combo Breaker
    Sounds great! Just wish I could do something along those lines, I only have about £70 a week disposable income after DD, bills etc paid. Although I'm trying to minimise this to about £40 a week so I can put about £30 a week into savings!
    Sx
  • Chrisblue1962
    Chrisblue1962 Posts: 1,203 Forumite
    Part of the Furniture Combo Breaker
    Saving £10.00 a day :eek: At the moment I'll be lucky if I can save £10.00 a month :rotfl:
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    28th October 2019 -
    £13,505 - 27% paid off.
    Demolishing my House of Debt.. one brick at a time!! :)
    Thinking of spending???..YNAB says "NO!!!!"


  • Gordon_Hose
    Gordon_Hose Posts: 6,259 Forumite
    Debt-free and Proud!
    I used to be able to save more than that, but now the missus is on SMP I've got to give her it lol
  • ALIBOBSY
    ALIBOBSY Posts: 4,527 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I did something simular last year-My rule was £10 if we had a reasonable amount left and no bills due shortly or if money was tight just the pennies from the account ie you have £70.89 left so the 89p was transferred. At that time we were just spending cash to keep bills down and to keep tight control so never spent the odd amounts left by direct debits etc.
    Even a £1 a day starts to build up and somehow bit by bit seems to get noticed less-kind of the way small spends seem to make all that cash disappear.

    ali x
    "Overthinking every little thing
    Acknowledge the bell you cant unring"

  • susieanne
    susieanne Posts: 448 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Not sure if i will beable to do £10 per day but i will just transfer whatever i have leftover at the end of the day after DD have come out , like some one said if its only 50p i will tranfer it . Hopefully i will always have something to transfer at the end of the day .
  • DizzyDizzy
    DizzyDizzy Posts: 170 Forumite
    Sounds great! If we ever get to the end of our DMP that's our plan too.

    But don't beat yourself up and fall off the wagon if you miss a day or two because of bills, I think you should allow yourself a few breaks every now and again!
  • I had a friend who was paid weekly.

    She always made her pay packet last eight days, so that every eight weeks she had an extra weeks pay.

    First week she opened it on a Saturday, next week on a Sunday, and so on.

    It worked well for her.
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
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