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How much savings is enough?

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Comments

  • jimjames
    jimjames Posts: 19,165 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    masonic wrote: »
    Only if you use an ATM. Besides, when you have 8 current accounts and can spread the money between them using faster payments, you could in theory get hold of £8k in cash over a weekend.

    And I have done exactly that. I try to avoid busy times but working through 8 bank cards to draw out cash can be time consuming!
    Remember the saying: if it looks too good to be true it almost certainly is.
  • badger09
    badger09 Posts: 11,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    jimjames wrote: »
    And I have done exactly that. I try to avoid busy times but working through 8 bank cards to draw out cash can be time consuming!

    What did you buy jj, that you didn't want to use a credit or debit card for:D
  • Tammy2
    Tammy2 Posts: 284 Forumite
    Debt-free and Proud! PPI Party Pooper
    edited 19 July 2015 at 11:25AM
    I'm aiming for 6 months family expenditure (min). At present we are just shy of 3 months (all held in high interest current accounts ATM).

    I shan't be including available credit (cards / overdrafts) in case plans didn't work out and we ended up even worse off!

    (I also have an S&S ISA - also not included).
    To Do 2015
    Claim back PPI & packaged bank account fees
    Take (further) first steps in investing (S&S ISA)
    Start saving for the children
    Start a business
    + £2015 in 2015 from home / £5026.21
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    badger09 wrote: »
    What did you buy jj, that you didn't want to use a credit or debit card for:D

    ooh-ooh. Watch out, the tax inspector is about ;)
  • Beancounter
    Beancounter Posts: 1,076 Forumite
    I am fortunate enough to have voted for the final amount but in reality as we have £1.000 spare per month I would just be £500 short per month for a similar lifestyle now and if you factor in JSA that would come down to a £200 deficit each month I was out of work.
  • badger09
    badger09 Posts: 11,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Archi_Bald wrote: »
    ooh-ooh. Watch out, the tax inspector is about ;)

    Ex tax inspector;) As in retired, rather than deceased:p

    Still nosey though :rotfl::rotfl:
This discussion has been closed.
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