Saving small amounts in 2012 thread.

cleggie

Hi Lippy, welcome to the thread!

i see from your sig that you have a £5,500 emergency fund, well done! Thats exactly what i want to do, have a fund for emergencies.
I have many plans this year, many of which invove spending money, so i will be having a very tightly budgeted 12 months. But thats all good as it'll be worth it in the end!!

Derivative

lippy1923 wrote: »

Thanks Cleggie. Its my "pretend I dont have" money, for those horrible moments in life which seem to sneek up on you.

I like the "pretend you don't have it" strategy.
I used to play the same sort of tricks on myself with sweets as a youngster.
Didn't know I'd be doing the same with money years on!

Al1x

I'll be joining you! (well I've been doing it for a few months now) - what I do is at the end of the week i transfer at least £5 plus any extra pence into my savings account. also the day before payday i transfer everything out except for £20 (usually its only around £10-15 anyway but every little helps!)

pearl123

I'll join you, as it will keep me savings motivated. I also have very little money to save, but every little helps. I've got to pay off a holiday, but joining this tread will stop me spending any more money.

cleggie

Hi Pearl, welcome to the thread!
Where are you going on holiday?

pearl123

Hi Cleggie - it's a week in wales.

Kirri

I think I've found a suitable savings account to open, I NEED to have a branch operated passbook one to make it feel like 'real' saving (and then I can't just transfer it online if I had a sudden urge to spend it). Both the Chelsea and Yorkshire building societies have 'Christmas 2012' accounts with fairly reasonable interest and I think a passbook so I'm off this week to open one! Can open with £10 too They are aimed at small savers as the most you can put in within one year is £1200 or else they move it to a lower interest account.

I can't believe I've left myself with no savings at all, always as a kid I had some!

cleggie

Morning all!
I put another £6 into my ISA today. Its not much, but it all adds up!!
I also get paid on Monday. I will be putting £400 in the ISA then. It would have been an extra £1000, but i am clearing some debt instead.

cleggie

Well done Lippy. I am looking forward to getting paid on Monday so that i can clear the debt and save a bit!

Eco_Miser

It's all gone quiet over here!
Has the talk of saving £120k in 10 years stunned you all into silence?