How much can you save?

shrewsaver · 16 January 2011 at 8:22PM

My Goals for 2011

Savings Challenge/ Deposit for House: £16,000 (£1,964.13 needed to achieve this, £163.68 p/m)
Premium Bonds: £3,500 (£500 needed to achieve this, can only put in a minimum of £50 p/m as regular savings so should get to £3,600)

I am going to look at opening another current account up to transfer the money to and then distribute it into the savings accounts.

Once the above is done I will change the details of my quidco account so the money goes directly into this account too.

guitarman001 · 17 January 2011 at 2:00PM

I would urge all those saving to buy a house to wait a few years as there is a massive market correction about to happen - prices will drop like you wouldn't believe. Certainly I'm going to wait approx 3 years.

tara747 · 17 January 2011 at 3:23PM

We're all waiting and sitting it out here guitarman!!!

Besides, I don't want to buy with IRs at 0.5% and likely to rise. :eek:

shrewsaver · 17 January 2011 at 9:08PM

shrewsaver wrote: »

My Goals for 2011

Savings Challenge/ Deposit for House: £16,000 (£1,964.13 needed to achieve this, £163.68 p/m)
Premium Bonds: £3,500 (£500 needed to achieve this, can only put in a minimum of £50 p/m as regular savings so should get to £3,600)

I am going to look at opening another current account up to transfer the money to and then distribute it into the savings accounts. Done today

Once the above is done I will change the details of my quidco account so the money goes directly into this account too. Done today

See above quote

Absinthe_Fairy · 18 January 2011 at 1:49PM

Cashback plus refund of interview expenses equals £100 in the ISA :j

guitarman001 · 19 January 2011 at 1:32PM

tara747 wrote: »

We're all waiting and sitting it out here guitarman!!!

Besides, I don't want to buy with IRs at 0.5% and likely to rise. :eek:

Glad to hear it

Too many property speculators - woops, I meant home-loaners... trying to offload their overpriced homes (read: debt) onto the younger generation. Sit it out.

dooleysdollymix88 · 19 January 2011 at 2:06PM

Im back after a little break!

Just wrote a long post that magically dissapeared! GRRRr!
Anyway Havent really added to my savings over Dec. Spent alot and still having to spend! Had to leave my job and its my 23rd birthday at the end of the month!
Will be trying to spend as little as possible and getting back into the swing of saving!

Well done everyone some fantastic amounts!

cashbackproblems · 20 January 2011 at 1:37AM

guitarman001 wrote: »

I would urge all those saving to buy a house to wait a few years as there is a massive market correction about to happen - prices will drop like you wouldn't believe. Certainly I'm going to wait approx 3 years.

Theres been talk of a crash for 20years, simply put supply and demand especially is cities means we will never see such a crash. Im in the process of buying in london and still anything half good is getting snapped up. As with interest rates about to rise now is the time to buy and fix for max no. of years you can, and as a long term buy house prices only move one way.

Ventura_IT · 20 January 2011 at 10:44AM

Hi,
I am new here........
Thanks
Ventura IT

Credit_Jake · 20 January 2011 at 2:04PM

Ventura_IT wrote: »

Hi,
I am new here........
Thanks
Ventura IT

Welcome!

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How much can you save?

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