What is Tilly-tidying?

wildesavings

I've seen it used lots and just can't work out what it means?

Would someone enlighten me please :o:o

System

On 20/6/'13 feelingfestive wrote:

Hi. It's when you tidy an account up into a savings or overpayment pot. For example if I had £289.56 in an account I could Tilly Tidy the 56p to make it £289.00 or you can tidy a bit more to make it rounder so £4.56 to leave £285. It's a way of making continual progress towards your goal without really feeling the difference in one big hit if money is tight. It feels good too! Hope that makes sense.

wildesavings

Wonderful ! I can now stop scratching my head lol

lee111s

Indeed, I planned on paying £600 overpayment to my loan this month...I ended up oaying £602.98 just to make my current account balance a nice round number for a couple of days

gingercordial

I think it was named for/by a forum poster who wrote about doing this daily so that savings of a few pence each time added up.

firefox1956

And I thought it was something like a Brazilian.....

Kernel_Sanders

It's similar to 'sweeping', which typically would be transfering all monies over £20,000 from a Santander 123 account into another interest paying account.