Trying to save but accused of being a terrorist /fraudster :-(

Hominu

sitesafe wrote: »

Ok Flexaccount (which is the account I talk about) is no longer paying interest

They stopped paying interest years ago, and stopped paying interest unless you had £1,500 in about 2008. Please try to keep up.

sitesafe wrote: »

I know spreadsheets don't hold cash (d'oh!) I was responding to another poster's opinion that the system I use is not much different to a spreadsheet - I believe it is different and had the benefit of also paying interest whereby a spreadsheet doesn't.

You really don't understand do you? I'm not going to spell it out for you, if you can't figure it out yourself than I really feel sorry for you.

sitesafe

Archi_Bald wrote: »

I honestly am out of this thread now. Half of what you are saying, sitesafe, makes no sense at all / is factually wrong (e.g. Nationwide having recently stopped paying interest on the Flexaccount) but I am really totally bored with this subject now.

If I've managed perfectly well it does make sense to me. I've not said anything out of place/non factual and I am correct in saying Nationwide don't pay interest on Flexaccount - see below

http://www.nationwide.co.uk/~/media/nationwide.co.uk/legacy/pdf/btp/P7430_RatesAndCharges.pdf

sitesafe

Hominu wrote: »

They stopped paying interest years ago, and stopped paying interest unless you had £1,500 in about 2008. Please try to keep up.



You really don't understand do you? I'm not going to spell it out for you, if you can't figure it out yourself than I really feel sorry for you.

Please don't tell me you sit on this site every day - not to help people but to criticise and scrutinize in the hope of catching people out; judging people and attempting to belittle them.

Telling me I'm 'idle' and 'I don't understand' are unnecessary and irrelevant. I think you are a bully having read through some of your other postings.

So you have your opinion and I have mine - get over it

Gromitt

I must agree with Archi Bald & Hominu though sitesafe, your post makes little sense and some things are just plain wrong.

For example, "A spreadsheet doesn't pay interest". !!!!!!?

"Nationwide recently stopped paying interest". Have you been living in a cave?

innovate

sitesafe wrote: »

I am correct in saying Nationwide don't pay interest on Flexaccount - see below

Yes you are correct. But why single out the Nationwide Flexaccount? The majority of current accounts these days do not pay any interest.

sitesafe wrote: »

?.....up until recently the online branched off accounts did. That's with the Flexaccount by Nationwide but I know they have recently stopped paying interest on that account )

You know, or you have made that one up?

As to your claim that you cannot get interest if you use spreadsheets - With all due respect, that is utter poppycock. The way you get interest is if you find yourself accounts that pay interest. Whether you then use spreadsheets or not to help manage your money has nil relevance to whether you get paid interest.

Smithers37

innovate wrote: »

The way you get interest is if you find yourself accounts that pay interest. Whether you then use spreadsheets or not to help manage your money has nil relevance to whether you get paid interest.

So what you're saying is, you can have a bank account that pays interest AND you can have a spreadsheet to manage your money? At the same time? Both are completely independent of each other?

Sorry I'm still not getting this... I wasn't that good at Science in school either.

Frogletina

LeeLoo wrote: »

At the beginning of the week we will say, if we can afford it we will go out on the weekend. On Friday we will see there have been no unexpected outgoings, there is £50 in the 'going out account' and in the morning I will transfer £50 into the current account and then at the restaurant order £50 worth of food.

Hmm. What happens if you are not that hungry - do you leave a big tip?

It wouldn't work for me. I use Lloyds money maker and it tracks all of my spending into different categories and sub-categories - and if I want more sub-categories then I can manually add them. I do sometimes have to manually amend the payments - eg marks and spencer's spending could be clothing or food.

You can also set up 10 spending plans and automatically see if you are over spending on any of those categories

I split my budget into two main parts

Household expenses - direct debits/groceries/childrens expenses/sundries/one off expenses for home

Personal expenses - clothing and personal care/entertainment and leisure/adhoc travel/health care/holidays

So, to sum up, the plans show how much you want to spend in each category - and keep tabs on how well you are doing.

And a nice pie chart at the end of the month/year

Whatever method, at some point you would have to work out how much you need in each pot/envelope whether in cash or online.

£100 groceries? Plan says you've spent £95 so you've saved £5 that month. Don't add it next month's budget - jot it down. On actual envelopes, if you like that method, but using virtual money that is in your account earning interest.

I do spreadsheets too because I love them but any method of recording is ok.

dawyldthing

I have several online accounts but with halifax you can write a fair bit in the title so can say 80 - elec/gas, 20 ins then the next x for bills for month and transfer each individual one in each month then back out again before they are due to be paid out on the 1st

sitesafe

Gromitt wrote: »

I must agree with Archi Bald & Hominu though sitesafe, your post makes little sense and some things are just plain wrong.

For example, "A spreadsheet doesn't pay interest". !!!!!!?

I KNOW - it's amazing isn't it?!!

"Nationwide recently stopped paying interest". Have you been living in a cave?

Oh how i WISH I hadn't said 'recently' :eek:

sitesafe

innovate wrote: »

Yes you are correct. 1)But why single out the Nationwide Flexaccount? The majority of current accounts these days do not pay any interest.

1) I refer to Nationwide Flexaccount as it is the account I am using.

2)You know, or you have made that one up?

2) Irrelevant and sarcastic.

3) As to your claim that you cannot get interest if you use spreadsheets - With all due respect, that is utter poppycock.

3) With all 'due' respect back, I am talking about my specific circumstances - not in general. I If I had money in a current account and withdrew from it in cash to save up each month in different envelopes, for different bills, then the money I was withdrawing would not receive interest while it was sitting in envelopes at home waiting to be used. If I used a spreadsheet such as Excel to record the transactions of the money I had at home to pay the bills I speak of, then this would not miraculously pay me interest on that money! That is why I used e-banking online accounts linked to my Flexaccount as 'online' savings envelopes because at that time they paid interest.

4) The way you get interest is if you find yourself accounts that pay interest.

4) Yes, totally agree - and so the accounts did at that time.

5) Whether you then use spreadsheets or not to help manage your money has nil relevance to whether you get paid interest.

5) Yes!! Correct!! I couldn't agree more

Now, I hope you are as willing to understand as you were willing not to understand - really can't be bothered with any more playground tactics