Car Tax Savings Stamps ???

Tashja

Just read somoene saves these.

Our car tax is due end of the month - is it possible for me to now start saving the stams to pay for the next lot ???

Also is this savings scheme for old people, benefits, etc only ???

Thanks for any help - I am just trying to plan ahead

T xx

Lucie_2

The post office have stopped doing car tax specific saving stamps, you just buy "post office" savings stamps, which you then spend on anything in the post office (including car tax). Anyone can buy them.
It's a great idea to plan ahead - a couple of quid a week & your tax will be paid for (depending on how much your car tax bill is).
I bought my nephew £20 worth for his birthday as his car tax was due at the end of the month.

Tashja

Great - will start getting them next week then in preperation !!!

T xx

postingalwaysposting

tash my work collegue does this a swears by them, apparently they give you a book to stick them in to but dont do what she done, brough laods £30 i think then lose them :doh:

save-a-lot

Hi

Did not know such a thing existed, so I will now start to save for car tax. THANKS!

ManAtHome

Wouldn't you be better off sticking the cash in a regular savings or other building society account - no chance of losing (stamps) and you get an extra few quid interest...

Tashja

postingalwaysposting wrote: »

tash my work collegue does this a swears by them, apparently they give you a book to stick them in to but dont do what she done, brough laods £30 i think then lose them :doh:

OMG Poor thing !!!

Will only be buying £2 / £3 per week to help out with the cost and will have to find somewhere safe to keep them !!

Thanks for the tip !!

T xx

pointypenguin

They only sell them as £5 stamps and you have to pay for them using cash not debit card as I discovered but they are an excellent idea and can be used towards bills.

Snaggles

I stick £10 a month into a savings account for my car tax - as ManAtHome says, you're earning interest on it then too. Because it's a small-ish amount, I don't find I'm tempted to draw it back out and spend it

medman

Snaggles wrote: »

I stick £10 a month into a savings account for my car tax - as ManAtHome says, you're earning interest on it then too. Because it's a small-ish amount, I don't find I'm tempted to draw it back out and spend it

I think snaggles is right, stamps are for people who can't trust themselves not to dip into it. But they are like cash in all other respects especially when it comes to losing them!

Provided you're not tempted it would be just the same effect to start a £2 pot. The best thing to do is put these sums into a savings account and get the interest. I opened a separate savings account for this very purpose and I don't get tempted, a small amount of interest but no risk of losing the money.;)

postingalwaysposting

yes i agree a savings account is better for this sort of thing as you get a small % intrest but some people find these easier, i would never used this method i just use savings accounts, but each to there own