stopping smoking and best place to put the savings?

wonderwoman12

so i stopped smoking a month ago. i was just wondering if anyone has any ideas where i can put my savings from stopping smoking? i want it in a place where its not easy accessable eg. my purse, with the mother or money box. because if its there ill spend it.

i only have one bank wich does have a savings account but its easy transferable to my current account, i want it somewhere it isnt so easy to gain access to?

need to save for my 2014 adventures!!
thanks

Blether

If you are in a work place pension add a bit in extra every month. For every £10 you put in it only costs you £8.00 if you are a standard rate tax payer. I am saving up so I can buy a new car when I retire. Need to check your scheme to see if you can get it back as a lump sum.

vanoonoo

these are nice http://www.terramundi.co.uk/ or one of those tins that you have to use a can opener to get in to http://www.savingtins.com/ or if you would have as much as £100 a time, how about premium bonds http://www.nsandi.com/savings

congrats on stopping smoking and happy travelling in 2014 (9 years stopped)

Qpr

Get a savings account with only branch access

flossypops

Try a building society you need to go to for access to the funds that doesn't have a branch near you. My parents savings are in the "Chelsea"

valerie57

Well done for stopping. How about putting the money into a cash ISA. Some of the providers take monthly payments, any interest is tax free and you won't be able to get it out easily.

Loanranger

Well done on stopping smoking. :T
I stopped a few months ago and it's given me enormous pleasure to mentally add up the cash I've saved. Mine goes into an ISA.

wonderwoman12

valerie57 wrote: »

Well done for stopping. How about putting the money into a cash ISA. Some of the providers take monthly payments, any interest is tax free and you won't be able to get it out easily.

thankyou all very much.

how do i get a isa?

Loanranger

Mine is with the Coventry Building Society but I'm fairly sure that the main MSE site has an article about savings accounts.

Loanranger

Yep, look at the tabs at top of this page


http://www.moneysavingexpert.com/banking/

sonastin

If you set up an online savings account, make a note of the access details for the account and seal them into separate envelopes - e.g log on/account name/number in one envelope, password/pin number in another, etc. Either give the envelopes to (separate) friends/family members that you trust for safe keeping or keep each envelope in a different location e.g. one in your desk at work and one in your bedside drawer at home. The rigmarole of remembering how to access the account to transfer the money over to your current account will be so much hassle that you won't be tempted to move it.

Just make sure its an account you can pay into without accessing the account!