Savings?

[ElegantlyRotten]

I have a savings account which has a bit in it and have only recently been using it to save for my holiday. I do TRY put away about £50 a month for a rainy day generally, but if I don't put it away on the very same day I get paid, it never will. That happens too often.

[Foxglove]

Originally Posted by GoddamnElectric

I stick religiously to the 60% budget system. So between short term savings (emergency fund), medium term savings (ISA) and long term savings (mortgage deposit) I save roughly 30% of my earnings each month, and will hopefully continue to do so throughout the coming years.

I hate to sounds quite this organised about it all, but this is very similar to what I do. In addition though, I have money going into a pension and money in a couple of sharesave schemes. I have what Sam describes as the short and medium term savings, but I have a mortgage as well. I also tend to put away at least half my yearly bonus into savings and spend the other half. To my mind, there if no point in saving so much you never have any extra for clothes/beer/holidays etc and I don't like to do any kind of monthly budget for these as that just seems to take away some of the enjoyment of just spending sometimes.

[Beomere]

Originally Posted by Rhöna of the Rhein

you just looking to see which altnation users would be worth scamming, roz

ssshhhh so many were falling for it as well. big Al poses the best opportunity so far

[MarkMono]

I have a wife instead.

[Jushin Liger]

I'm not really saving just now in anyway meaningful way. I always have in the past though and will go back to it soon.

My current savings are in an ISA and a cautious shares fund. They'll be going to a mortgage eventually unless I go wild and decide to live off them for a year and spend my time travelling or some shit (which is highly unlikely)

[Jaemi]

Originally Posted by Pier Angeli

But just think of the memories you're making. Even if you can't quite remember them.

It's only money. I'd rather have a good time.

Ach, I suppose..But still.
I guess when Imake my first million, I'll look back and laugh.

If I get hit by a bus tomorrow, what good are savings to me then, EH?!

Let's not even kid on about this!

[GoddamnElectric]

I'm quite surprised so many people here have a regular savings plan. The vast majority of people I speak to in person about this stuff not only save nothing but generally owe huge amounts on their credit cards.

[Timmy]

Fuck, I'm proud I've started saving cash now.

Now Ive started now, at least I'll stick to it, it's nice to know I got cash put away.

[GoddamnElectric]

Emergency funds are also brilliant things - when you're suddenly getting pumped for a massive repair bill or something you can relax, knowing you've got the cash just sitting there exactly for this sort of problem Massive psychological boost that.

[Exit_W0unds]

I just laughed out loud at the idea of being able to save whilst living on a giro. In an ideal world, eh.

[Pink punk]

I have a small amount of rainy day savings, to cover unexpected household expenses (new fridge, new oven et.c.) and I do put money aside each week to cover bills when they come in, otherwise I'd spend it all and be rooked at the end of each month!

However, I don't have any long term savings plan, right now paying the mortgage is far more important. For the next few years, I'd rather overpay that than have large savings.

[Frankie LiDeo]

Guffaw. X45678923758975682.