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Alchemilla

Show at her wedding...

Greying_Pilgrim

edinburgher wrote: »

• £9 to S&S ISA pot

Ed - at the risk of making myself look a complete and utter numpty again ......... Could you clarify something for me please - as I've not found the answer elsewhere.

You mention, reasonably regularly, popping money into a S&S ISA *pot*. Um, is this an online bank a/c or your a/c with a broker? And are you popping the *bits* of cash (hate describing money in such throw away fashion, but I think you'll grasp my meaning) into this a/c until the *bits* build up to enough to buy a *unit*? What I mean is, you're not buying £9 worth here or £15 worth there are you? Say a *unit* was £100, you're saving up the *bits* until you reach £100 and then purchasing a unit - yes?

Or have I completely missed the point? Sorry to ask you - but I've seen you and someone else mention it (on the *small things* thread) and I wanted to make sure that I understood what you mean. As I'm sure that this is in addition to any d/d regular payments that you may already chose to make.

Again, sorry to be a pain, asking all these questions - it's only because I want to understand!:D

Greying

edinburgher

Don't do it.

Fine then. Was reduced to £36.37. If I make at least 3x that next week and it's on offer then, I'll let myself get a bottle.

Say a *unit* was £100, you're saving up the *bits* until you reach £100 and then purchasing a unit - yes?

You understand correctly

The money goes into a T5B account @5% interest and is paid into the S&S ISA as soon as I can afford a unit (typically rounded up to £145). I save £6/7/8/9/10 a day in weekly cycles until I have enough. It averages out at £8/day, no idea why I don't just go for £8/day :rotfl:

Karmacat

Because you like making it complicated sometimes - just sometimes :rotfl:

I'm glad you took Alex's instruction not to do the whisky. I confess, after last week, I thought you were talking in the hundreds, not the tens

Greying_Pilgrim

Ed - thanks everso for your prompt response. I get it, and I'm somewhat relieved that another piece of the picture has slotted into place for me Also, an *un-intended*, but none the less *gratefully received* consequence of your answer is to make me have a *ping* moment about the level I need to set my d/d at. It needs to be affordable each month, but if I'm savvy, I can also make it have the best *impact* for our investment each month

Thanks for helping me to understand all this Ed and also for making me think :beer: I reckon we're gonna need a considerably bigger bucket......... :rotfl:

Greying

edinburgher

I'm glad you took Alex's instruction not to do the whisky. I confess, after last week, I thought you were talking in the hundreds, not the tens

That wasn't Alex, he was secretly willing me on from the sidelines!

While my total spend for June is in the £££, my average spend is in the ££ (just).

It needs to be affordable each month, but if I'm savvy, I can also make it have the best *impact* for our investment each month

Greying, I sometimes get the funniest feeling that I know you in real life, I don't suppose you're a Glaswegian?

My approach to direct debits is to pay a meaningful amount to the S&S ISA that we can easily afford, with liberal top ups as I go. We pay in £320/mth, but our 'usual' total is perhaps £6-800 all told. That way I can rein things in a little if I find myself getting skint.

Greying_Pilgrim

edinburgher wrote: »

Greying, I sometimes get the funniest feeling that I know you in real life, I don't suppose you're a Glaswegian?

Ha! Regretfully not Dear Heart - the good lord didn't grant me the good fortune to be born in your fair country So I'm pretty sure that I can categorically state that you've not met me in RL - which is a shame, as I'm alright really..........

Greying x

NorthernMonkey1

edinburgher wrote: »

You understand correctly

The money goes into a T5B account @5% interest and is paid into the S&S ISA as soon as I can afford a unit (typically rounded up to £145). I save £6/7/8/9/10 a day in weekly cycles until I have enough. It averages out at £8/day, no idea why I don't just go for £8/day :rotfl:

Do you take a tenner a day out the bank, then whatever is left put it in another account, or have a set amount per day.

I do all of my saving/transfers/op etc the day after payday

AlexLK

Not sure if I've asked this before but do you drink the whisky or buy it as an investment?

AlexLK

edinburgher wrote: »

That wasn't Alex, he was secretly willing me on from the sidelines!

I would never do such a thing. :rotfl: