The "Save 12k in 2017" Thread!

Fruittea

Yesterday was a bit of a blow to the old credit card. Vet bills of £2333! happily I will only have to pay around £600 but still it's an unexpected bill. I'll take it out of another pot.
Savings at £347.62 now as I'll add £3 for using a prepayment card for shopping. It's only 3% but I know I have to spend about £100 on shopping in the next couple of weeks.
I buying from Zeek at the moment and I use the mainstream supermarkets for shopping - does anyone know of any better deals?

frugal90

I asked to be put down for £36000, I can see I have not yet been added to the list. Do I have to message someone to be added. Thanks all.

Frugal

Jo_Blogs

Can I join please for £5000 - thanks

RichyRich

Psychobabble78 wrote:

Hi RR, if you aren't remortgaging until.August I would have expected your cr to be fine, especially as it could be just a current account and if you don't have an od on it? You could probably make other even more certain by switching the tsb to say the new hsbcompany which gives a high cashback rather than interest, depending on what your interest payout would be? However I guess it depends on your current cr circumstances also

Happy saving

I suspect you are right, but a Remo in August means an application around June and credit applications stick around for 6 months. I am 99% certain that an app for a zero overdraft current account won't make any difference, but the difference between a good mortgage and a bad mortgage will more than out weight nine months worth of interest on my marginal savings (I am about £800 off being 'full' in Tesco. That will be depleted by a huge amount this month to pay my visa bill, plus I can move £300+500=800 per month into 5% at FD and Natwide so by the time August comes around I won't be that far above what my maximum account balance is anyway).

I am fairly set on my strategy which is to get all my existing high interest current accounts (3%+) full in the shortest amount of time possible then place any overspill into NS&I premium bonds and use those as my additional saving vehicle until after the new mortgage is completed. The return is not as good but there is no credit check, no tax and you never know I might win the big one.

Then after my mortgage has gone through I'll be looking to reevaluate my options which may involve moving those funds into freshly opened high interest current accounts.

Even if I had £5k outside of high interest accounts for six months where the best interest rate available is 3% (having used all the 5%s, which I have), that is only £75 worth of interest I have lost versus potentially losing out on that much per month in a cheap mortgage fix.

If Ernie's nice to me then I might even beat it - but I know the maths isn't on my side

We'll see how it goes

Cheers

pearl123

frugal90 wrote: »

I asked to be put down for £36000, I can see I have not yet been added to the list. Do I have to message someone to be added. Thanks all.

Frugal

My name has not been added yet either.

slowlyfading

Spreadsheet updated

Just a little note - I run this challenge by myself and the spreadsheet is manually updated. If you give an update, either here or via the form, it will be added to the spreadsheet. Maybe not the same day, but it will be.

I have a 17 month old baby who takes up a lot of my time, I run a personal finance blog which takes up a lot of the rest!

Please be patient

Sorry

frugal90

Thanks , have you a link to your blog?

Wentthedaywell?

Fruittea wrote: »

Yesterday was a bit of a blow to the old credit card. Vet bills of £2333!

Blimey Fruittea. what do you have, an elephant?
Whatever it is, I hope they are OK now.

Eco_Miser

frugal90 wrote: »

Thanks , have you a link to your blog?

It's in her profile.

mummytummy

frugal90 wrote: »

Thanks , have you a link to your blog?

http://www.thefrugalcottage.com/