Superpap's positive mutterings about debt/savings...

postingalwaysposting

Yorkielass wrote: »

sounds like a great plan PAP. I do have some savings left and I haven't spent much of my Olympic Challenge fund (and the money I have spent has bought me 'big things' like a nano and my new computer that I couldn't have had otherwise' but the saving something monthly and setting up a standing order to do it that's what I think I need to do, our ISAs have been neglected this year :rolleyes:

Yorkie definalty do it... Imagine if you put £15 in your Isa each month. Its a small enough amount that you wont miss but after a year (not including interest) thats £180. Then if you drip feed the odd £10/£5 in then you could easilly make £200 that you may not have missed. Obviously if you need that money then ignore me but its best to start small then build up

postingalwaysposting

Right may day went a bit worng my ebay items mum sent this afternoon, and they all cost more to post than I had put on the site :mad: So after selling 12 items I actually 'made' £6.94 :rotfl: :rotfl: Well it all counts doesnt it? :rotfl: I must say though this time around all my items were weighed so i shouldnt lose anything on the ones ending next thursday

crawley_girl

I think we've all done that Pap! At least you know better for next time... good luck flogging the most recent items

Gemmzie

I used to put £50 a month in my ISA, it's got £2 in it now - was really useful while I was only on sick pay though so don't really regret taking it out.

It's amazing how savings can add up though. Good planning with the flat

SarahNeedle1872

Hiya Hun, how was the first day back at work (it was today u were going back wasn't it?)

Thanks again for your help with the Turbolister..... I've now got loads of listings on for free, and its way quicker than putting it straight onto eBay..... I love you!x

chimp_choker

postingalwaysposting wrote: »

Right may day went a bit worng my ebay items mum sent this afternoon, and they all cost more to post than I had put on the site :mad: So after selling 12 items I actually 'made' £6.94 :rotfl: :rotfl: Well it all counts doesnt it? :rotfl: I must say though this time around all my items were weighed so i shouldnt lose anything on the ones ending next thursday

A couple of tips that may help. If you send out a fair few items or items on a regular basis then hook up with a courier. I use Fastways and they have a basic label system. Brown labels are local to your postcode, red are national to other fastway areas and white are non fastway nationals. Costs are 2.95, 4.95 and 7.95 ( I think) the only downside is you have to buy books of 20 up front but the weight is up to 25kg for each label. I used to quote postage no more than £10 depending on postcode. Or you could just do a flat rate of £10.00 per parcel. I say £10 because if you only have red labels you can put 2 on the parcel in place of 1 white.

http://www.fastwaycouriers.co.uk/8HomepageGeneric.html

if it helps.
chimpy

chimp_choker

Yorkielass wrote: »

(well a lot of money to us) and my parents are in a position to help too and we had a good deposit when we bought our house but it's tight on our current wages and getting some 'rainy day' savings together is my real aim this year. )

some food money would be nice for me this week.....:o

Sea78

Hey chimp choker - that sig is coming down fantastically!

Hey PaP - hope you have a lovely Sunday
Sea xxx

barnaby-bear

postingalwaysposting wrote: »

The thread that got me thinking was the one about buying a house outright or large deposit and low mortgage. See if I am still single on my wage now the bank will only give me approx £40k now most studios in bristol are £89k~£100k. So obviously I am knocked out of the market but the grand dream is to have a place by the time I am 30. I am now 22 so technically i have 8 years... Now saving at £3.6k per year that will give me £21,600 aprrox give or take a bit...

. I know i did it once, but there comes a point where people have to stop and look at what their life maybe like in a few years time.

If you start with £0 now and add 3.6k a year for 8 years you'll have £28.8k - assuming a savings interest rate of 0%. If you assume a savings rate of 6% (ISAs available at 6.5% at the moment too) it's £37.8k (http://moneychimp.com/calculator/compound_interest_calculator.htm - it's that pesky compound interest / APR thing that hits you on credit cards in reverse).... In 8 years time salaries will be higher and you'll probably moved up the career ladder so may well be higher so may have upped that 3.6k contribution too. £3.6k - the tax-free yearly ISA limit means you can pay no interest too on all those savings.... More likely than not you'll find a Mr. PAP so combined you could be looking a twice that...

boredofbeingathome

That's a great tip for the courier.Hello everyone. Pap, my dd2 is interested in crafting, any tips for best place to buy stuff for her? We have a few shops in our area which sell lots of craft things and tesco is also selling things, don't know whether to just start there and see.