How to fall in love with saving money

cathybird

apple_mac_user wrote: »

whats book spend?

money spent on books?

Yes. In a word.

apple_mac_user

you must like reading

i guess if you are reading a £10 or so book, thats a few hours of not being tempted to spend money on more expensive pastimes!

but good luck with your goal

cathybird

atush wrote: »

I like the fact you spent some money, but it made you more motivated to save more again.

who me, or YB well it's both of us really, I guess

cathybird

apple_mac_user wrote: »

you must like reading

i guess if you are reading a £10 or so book, thats a few hours of not being tempted to spend money on more expensive pastimes!

but good luck with your goal

Thanks, apple mac user I do love reading. In fact it can be an expensive hobby but you're probably right that there are other hobbies that are generally more expensive. It can be an extremely enlightening hobby too, which is why I'm unwilling to give it up.

Drucifer

Hi folks

I've been reading through this particular thread for quite a while tonight and it's inspired me to register and participate, I hope you don't mind.

After being a stupid d**k (to put it lightly) with my money for many years, I've fairly recently started saving money and I already love doing it, I find the whole saving process extremely addictive.

So far I (personally) find saving my money as cash in a spare wallet the "best" method, and then depositing the cash into my savings account once it reaches a specific number, then repeat.

I do it this way because numbers on a machine means nothing to me, I feel more satisfied holding real money in my hands and it's more motivating/encouraging to see the wallet get fatter.

I withdraw a small amount of money everyday to add to the wallet, as I found that little and often (every day) is better than withdrawing a lump sum and then waiting until next pay day.

Despite the cash being readily available, I've genuinely no desire to spend it, as I want to watch it grow, I even quit smoking because I know it would make a huge impact on my progress.

Really appreciate this thread being here as it's motivating me to save even more

cathybird

00ec25, firstly, I think you mean punctuation, not grammar, and secondly, I would really prefer posters on my thread were not attacked in such an unpleasant and unnecessary way.

cathybird

Drucifer wrote: »

Hi folks

I've been reading through this particular thread for quite a while tonight and it's inspired me to register and participate, I hope you don't mind.

After being a stupid d**k (to put it lightly) with my money for many years, I've fairly recently started saving money and I already love doing it, I find the whole saving process extremely addictive.

So far I (personally) find saving my money as cash in a spare wallet the "best" method, and then depositing the cash into my savings account once it reaches a specific number, then repeat.

I do it this way because numbers on a machine means nothing to me, I feel more satisfied holding real money in my hands and it's more motivating/encouraging to see the wallet get fatter.

I withdraw a small amount of money everyday to add to the wallet, as I found that little and often (every day) is better than withdrawing a lump sum and then waiting until next pay day.

Despite the cash being readily available, I've genuinely no desire to spend it, as I want to watch it grow, I even quit smoking because I know it would make a huge impact on my progress.

Really appreciate this thread being here as it's motivating me to save even more

hi Drucifer and welcome I like your method I have lost the desire to spend the cash as well - in fact as soon as it goes into my savings account it feels "unavailable", so I'm acting this month as though I've got no money to spend, simply because it isn't in my current account. I only wish I'd set all this up about 20 years ago - I could probably have retired from work by now. But there it is.

Drucifer

cathybird wrote: »

hi Drucifer and welcome I like your method I have lost the desire to spend the cash as well - in fact as soon as it goes into my savings account it feels "unavailable", so I'm acting this month as though I've got no money to spend, simply because it isn't in my current account. I only wish I'd set all this up about 20 years ago - I could probably have retired from work by now. But there it is.

I'm only 23 but even now I wish I started saving a few years ago, if I put a little money away since I started working I'd have a nice chunk of money in the bank by now, but I find its best not to dwell to much on what we could have done and focus on what we have to do now, we all make mistakes that we have to learn from.

I believe everyone has the potential to be "rich", but it just takes a lot of time and discipline for us normal folk.

00ec25

cathybird wrote: »

00ec25, firstly, I think you mean punctuation, not grammar, and secondly, I would really prefer posters on my thread were not attacked in such an unpleasant and unnecessary way.

given it is half term there is more than coincidence in the fact that the other person posted dozens of fatuous comments last night across many threads. I therefore thought it worth while that they should continue their education whilst they have nothing better to do than waste their time like that
hopefully they have further learned from your correction

as for your own savings then I was brought up by old fashioned parents who kept a daily record of everything they earned and spent and made budgets for what was necessary, what should be put aside (in proper savings accounts/investments, not under the mattress) and what was left over was for indulgence/fun. Sadly in today's must have now world such self restraint is less common, it would seem you are on the right track however with your daily diary. I must admit after may father died it was fascinating to go through his papers and find his records dating back to the 1940's showing everything he had ever spent from his bank account. Perhaps that is what they mean with the old adage "careful with his money", certainly he had a very comfortable retirement and was able to provide for my mother as well afterwards.

the way I fell in love with saving money was the eureka moment I realised that if i saved some of my pocket money in a savings account the interest earned would mean I could buy the model boat I wanted that much sooner. Start young and with a goal to aim for and you pick up the savings habit for life!

PS it is not "your" thread, this is an open forum

atush

It may be an open forum, but it doesn't stop you being a twit does it?

Why be so rude here, when there are plenty of other places the half term hoards post that teen h8ters can sanction them?

Why do it here exactly?

Rude to Cathy, and pointless.