I'm addicted to saving

TheTruthSeeker

chucknorris wrote: »

You mention both savings and investments, but you post title suggests only savings (not investments), which is it?

How old are you? If you are not retired, perhaps you should be thinking more about investing, and in particular into a pension. Especially if you have a decent work pension available with employers' contributions up for grabs.

I am 25 and 90% of my money is in investments. Long term 15 - 20 year funds. I top them up once a month when I get paid.

The other 10% is just in a high interest current account for if something breaks and I need instant access to money. Personally for me investment = savings (with risk). I've been investing for 2 years or so now and I've just developed an addiction to it.

I don't play with the money, switching funds or anything stupid like that but whenever I think about spending money I just think I could be saving that and yeh, pretty annoying.

savings_my_hobby

I would not say I have an addiction to saving, it's just a hobby, I have a few different hobbies and these days I choose hobbies that cost little or nothing to pursue.

I also dislike buying expensive things, I don't think that's an extra £200 I can save though, when I save £200 rather then spending it I focus on the interest I can make from the £200.

its a nice little hobby, don't get me wrong if I want something I'll buy it, it's just 90% of the time I want to save (and draw interest from) the money more than I want whatever it is I was looking at in the shop.