We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Savings with old-fashioned pass book?

2»

Comments

  • No way could he match her £5 with £15 each time. She gets her allowance reliably but often needs it early as she's spent out and hasn't enough for social bus fares etc. I.e. getting home from a day out cause she spent the return fare home on shopping and then needs a lift or can't get back. She's quite young for her age and forward planning seems to be a skill that needs a bit of work and support!! LOL.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    I wouldn't be giving her an allowance now she has EMA.

    £30 a week should be more than enough. I gave my daughter the Child Benefit which was about £20 a week and no other top-ups at any time and she used it to buy what she wanted. I provided her "needs" from my wages/salary. If the £20 ran out then it ran out there would be no advances on future money. Employer's don't pay wages in advance so that what I told her.

    I didn't expect her to be able to save much of it as most of it was budgeted for. There wasn't much left over.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.