Savings Kick Starter Diary

mardiemare2008

I love to see my savings grow

bigbadbear

Wish I was as sensible with money when I was your age. Well done!

Jonesy135

Couple more £2 coins to add to the pot from that past few days.

ive also added my share of the holiday money as well, just waiting for my brothers share... it'll be a brisk day is hell before he pays what he owes on time!!

Jonesy135

Some sad news today, we found out this morning that a colleague of ours died on friday afternoon, in a car crash. such a shame she was such a lovely girl, and only 29!

kind of puts things into perspective really.

so a rather sobre update now...

House deposit payment came out 25/01 so thats now £10,360

I think i got some interest or something on my e-savings plus account so as of 22/01 that stands at £800.34... which is really annoying! i'm gonna need to round that up!

£2 savings is now £30

My brother paid his January half of our holiday present money (finally!) so thats now at £40. he said he'll be setting up a standing order shortly so that sorts that out.

Andy my Car finance came out yesturday so that should now stands at £4217.43

Aiming to get about £300 into my e-savings plus this month.

Jonesy135

I forgot to add, i opened a regular savings account with Nationwide today.

this one gives me a variable interest dependant on how much my balance rises each month... so if i deposit £500+ i get 2% net and if i deposit less than £500 i get less that 2% for that month... which hopfully will encourage me to save more!

now i just have to figure out how to add this to my signature!!!

Jonesy135

So this pay day, i managed to save 300 quid, all of which went in my regular savers... then topped it up from my e-savings plus account so that i deposited £500 so i get the higher interest rate. so E-savings plus now stands at £600.34.

in total they now stand at £1100

added another £2 coin, and merged it with my cash savings so that now stands at £47.

I threw another 20 at my mum and dads holiday fund so thats now £60.

The usual £120 on the house deposit so thats £10,480

And i think thats about it.

Jonesy135

so another month another payday
as of tomorrow (when all my standing orders shift around)

House deposit +£120 = £10,600
Regular Saving +£250 = £750.00
E-savings +£310 = 910.34
£2 savings +£8 = £55
Holiday + £20 = £80 (brother now owes febs are marches!
Car -£200.83 = £4016.60


I realise i probably change my mind every month, but my current fancy is to use my e-savings plus as an annual expenses type account, i.e. car insurance/tax etc, and holidays. and keep that filled that up to about £1500 ish. (almost like a credit card type affair.) when i need to spend from it, the next months savings (minus £200, see below) goes to "pay off" my "CC"

make sure i put at least £200 a month into my regular savers to make sure i get 1.48% interest. and don't withdraw from this unless a life or death emergency!

this way i can have a holiday and not stress about having to book it on CC and paying it off later... i don't have to scramble to find 700 odd quid for insurance or service costs.

Jonesy135

My Brother Gave me 20 quid for the holiday fund tonight, so he still owes 20 but thats half way there! taking that too £100 (Woo!)

and i just sold one of my guitars for £40 which im putting in my cash fund... so thats now £95!

block10

Jonesy135 wrote: »

make sure i put at least £200 a month into my regular savers to make sure i get 1.48% interest.

The 1.48% IR doesnt sound particularly great. Im sure there are better options out there for you. Im getting 6% through the first direct regular saver.

JoJoC

Sounds like you're doing well Jonesy! Keep up the good work