January 2015 is the beginning

Puzzcat

I have a nationwide current account and have at least 10 saving accounts running alongside it. I also use proper glass jars for different coins for saving...

System

Puzzcat wrote: »

I have a nationwide current account and have at least 10 saving accounts running alongside it. I also use proper glass jars for different coins for saving...

Are they happy for you to have more than one savings account. We had an online one with Lloyds but it very rarely had much in it, used to use it to try and save a bit for holidays and then it would all be gone and start again. But I am determined to save for everything now. I would prefer not to have everything in one savings account and don't want the sort that you have to have £££££ to start it off and give them notice to get it out etc. Not too bothered about the interest, it is just the actual saving. Don't want lots of money saved in the house. I have saved coppers and 5p's for years and have now started on the £2 coins.....got to get hubby to hand his over though as he is very reluctant to part with any....LOL.

Puzzcat

ploppy57 wrote: »

Are they happy for you to have more than one savings account. We had an online one with Lloyds but it very rarely had much in it, used to use it to try and save a bit for holidays and then it would all be gone and start again. But I am determined to save for everything now. I would prefer not to have everything in one savings account and don't want the sort that you have to have £££££ to start it off and give them notice to get it out etc. Not too bothered about the interest, it is just the actual saving. Don't want lots of money saved in the house. I have saved coppers and 5p's for years and have now started on the £2 coins.....got to get hubby to hand his over though as he is very reluctant to part with any....LOL.

I just opened them all online, there appears to be no limits to the quantity you can have, so I have Christmas, birthday, cars, holiday.., driving lessons etc.... The only limit is on the is on the isa.

January2015

ploppy57 wrote: »

Ooh, where did you find an account that divides it into jamjars? Like the sound of that:rotfl:

It's with Principality Building Society and it's called an e-Saver account

AleMrsT

ploppy57 wrote: »

Ooh, where did you find an account that divides it into jamjars? Like the sound of that:rotfl:

That sounds awesome too, I opened a second savings account, I wish I could split it into 'jam jars' to make life easier.

EDIT - sorry, only just seen your new comment January.

January2015

Quiet day today, DFW wise anyway. I did transfer some money from new current account to the jam jar savings account. I only transferred £1.00 because I wanted to check I had entered the details correctly. However, I have now locked myself out of my savings account. I got the login code and password correct, but failed the security question 3 times. How on earth I did that I don't know. The security question I chose was what was the name of my cat. I don't have a cat now, but we did have a cat years ago and I know how to spell her name. The security check asked for the first, the third and the fifth letters. Yup, I know those....or apparently I don't

I have to phone in the morning to unlock the account

January2015

Oh dear, I have just been calculating how much I need to put by for grandchildren and my children's birthdays and christmas (DH and I don't buy each other presents because we never have enough money ).

I thought £30 each for birthday and Christmas was a reasonable amount. The problem is we are a big family and I would need £1,200 each year to manage this amount for just my children and grandchildren. So that's approximately £23 per week (over 52 weeks) to achieve this. I am going to try and aim for this, but perhaps may have to reduce the amount allocated per person.

I do always try and buy pressies at bargain prices, using points from loyalty cards etc. etc. but it's not always possible.

Mmmmmm.....thinking hard now but at least I am thinking about it and not just buying presents without giving thought to the spend on the credit card that I can't pay back.

Edit: actually that figure of £1,200 was calculating spending £50 on grandchildren at christmas - if I reduce that to £30 then I need £1,020 per year (or approx £19.60 per week over 52 weeks)

Puzzcat

January2015 wrote: »

Oh dear, I have just been calculating how much I need to put by for grandchildren and my children's birthdays and christmas (DH and I don't buy each other presents because we never have enough money ).

I thought £30 each for birthday and Christmas was a reasonable amount. The problem is we are a big family and I would need £1,200 each year to manage this amount for just my children and grandchildren. So that's approximately £23 per week (over 52 weeks) to achieve this. I am going to try and aim for this, but perhaps may have to reduce the amount allocated per person.

I do always try and buy pressies at bargain prices, using points from loyalty cards etc. etc. but it's not always possible.

Mmmmmm.....thinking hard now but at least I am thinking about it and not just buying presents without giving thought to the spend on the credit card that I can't pay back.

Edit: actually that figure of £1,200 was calculating spending £50 on grandchildren at christmas - if I reduce that to £30 then I need £1,020 per year (or approx £19.60 per week over 52 weeks)

I'm not from a big family but still save £80 a month to cover birthdays and christmas... I just blame it on all the little bits at christmas that add up...!! I have kept a list for the last 3 years of what I've bought and for whom for both christmas and birthdays so have got it set at the right amount for me now. despite being massively in debt I have saved for christmas for years...didn't save for everything else though hence the starting debt of £60k...


I find by removing what I need to save on payday into savings I then don't want to touch it. its lovely seeing your jam jars/pots grow...


Puzz.x

January2015

Thanks Puzzcat - I don't feel quite so bad about the Christmas/birthday pot after reading your post:rotfl:

I still need to convince DH it's a reasonable sum of money for this expenditure. He was horrified when I told him.

System

Good luck with your savings for presents. We are lucky we only have 2 grandchildren and they are too young to understand what we have spent on them. Last year we didn't spend much on them and cut down on everybody else as well. Although I wouldn't tell people about our actual debts, I am happy to tell them I am a bit broke and trying to cut down and to be honest I have never agreed with spending a lot of money at Christmas anyway, think the most I have ever spent at Christmas is about £200 and that was back in the day when we had money...LOL much prefer to just have the family together and have a nice day....we should have Thanksgiving like they do in USA....LOL

Good luck with getting your savings account unlocked:rotfl: