Who owns this money again?

Stephb1986_2

There is nothing wrong with wanting to save money it's a fantastic idea because eventually when you want to buy your own house you'll have a good deposit, saving for your future is no bad thing.

From your posts I'm guessing your in your early twenties? Well what if you decide in a few years you want kids or want to go travelling you'll need time off work so the money will come in handy.

I would say though that maybe once a month have a treat night go the cinema, meal etc what ever you want to do. Look for vouchers online for a place you want a meal at that way you're saving money but also having a good time out.

Don't let other people spend your money for you, as my mum always says you can only spend it once so make it worth while.

Good luck

Steph x

DUTR

mgdavid wrote: »

I didn't say they were no good, just not a good idea when related to the OP's financial circumstances.
Please show us an ISA that beats Lloyds Club account (4% up to £5k) or Santander (3% up to £20k).

I don't know, I think the santander you have to have a current 123 account with them, my isa's are all full , but what I meant was something was better than nothing. Isn't there a nationwide that is 3% as well?

persa

Every month, £X gets swept into savings auomatically. £Y is earmarked for bills and £Z for me.

I inevitably don't spend all of £Z, so the balance is manally swept into savings. I'm good with money, I never buy anything online without a discount code - but the point is, I do spend money on myself. Not a lot, but enough to not be miserable.

No one should tell you what to spend your money on - you're not married - but it strikes me your attitude towards money is a little obsessive. Saving is a good habit, but if you are employed and yet never seem to have the money for a cheap meal out, you may have gone too far.

You seem to regard all your income as savings, which is an unhealthy attitude IMHO. Only part of it turns into savings, the rest is what you live off!

Kitty777

missbiggles1 wrote: »

How much do you pay for your rent/keep?

That is including my rent/keep.


I am seriously thinking about the pocket money idea...going to have a look at what the best accounts to have are. Probably won't stick with my current bank as they seem happy to have me but don't give me anything back.

Buzzybee90

Kitty777 wrote: »

That is including my rent/keep.


I am seriously thinking about the pocket money idea...going to have a look at what the best accounts to have are. Probably won't stick with my current bank as they seem happy to have me but don't give me anything back.

How much do you take home? With low comparative rent/utilities, you should have enough for some fun and still decent savings!

Kitty777

£430ish a month


When opening up a 'pocket money' account, can I just open up a basic current account? I can apply online for one from natwest and halifax...Do I need to look out for anything?

Buzzybee90

Kitty777 wrote: »

£430ish a month


When opening up a 'pocket money' account, can I just open up a basic current account? I can apply online for one from natwest and halifax...Do I need to look out for anything?

Do you not work fulltime? Still savings to be made as evidenced by what you've done so far!

Kitty777

No I don't...I have been struggling to find a better job. I am a recent graduate

What do you mean, savings to be made?

Buzzybee90

Kitty777 wrote: »

No I don't...I have been struggling to find a better job. I am a recent graduate

What do you mean, savings to be made?

We've all been there.

I just meant you've been doing a good job!

Kitty777

Oh i see, yes
I managed to buy and insure a car in 2013 too! Although my insurance has halved since then (it was £1200, it is stupid how it works lol...)

I have done quite a bit of overtime this month, including some overnight work that has a premium payment added on top. So should have a nice sum when I get paid next. May treat myself...There is a bag that I wanted...or may have an overnight stay somewhere


Thanks for your help. x