Savings...

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queen81

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Chammy said:
I'm on 3 minutes at the moment but that's because I get distracted too easily ::)

My computer is next to a big window and I live next to a main road so I'm constantly looking around to see what's going on ;D
 

Chammy

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queen81 said:
Chammy said:
I'm on 3 minutes at the moment but that's because I get distracted too easily ::)

My computer is next to a big window and I live next to a main road so I'm constantly looking around to see what's going on ;D

As I have 2 monitors work is on one, play time is on the other I'm distracted by twitter, facebook, TMS, youtube, skype, WoW friends...i'm just terrible :eek:
 
Q

queen81

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Chammy said:
queen81 said:
Chammy said:
I'm on 3 minutes at the moment but that's because I get distracted too easily ::)

My computer is next to a big window and I live next to a main road so I'm constantly looking around to see what's going on ;D

As I have 2 monitors work is on one, play time is on the other I'm distracted by twitter, facebook, TMS, youtube, skype, WoW friends...i'm just terrible :eek:

I hear ya
 

RickyRaj

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usa1 said:
I have an ISA which I save £40.00 an month into. But in general, savings, IMVHO aren't worth it after inflation. I would rather over pay on my mortgage or increase payments in to my pension.

Sound advice although some advocate a month or 3 worth of salary to act as a buffer.
 

TheBladeFalcon

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It's sadly true that most ISA's are useless after considering inflation. I'm trying to put 50 odd pounds in a month but since rent's gone up that's really starting to be a pig...

On a side note guys, what's this 63336? Apart from sounding rather satanic..? :D
 

Jon

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TheBladeFalcon said:
It's sadly true that most ISA's are useless after considering inflation. I'm trying to put 50 odd pounds in a month but since rent's gone up that's really starting to be a pig...

On a side note guys, what's this 63336? Apart from sounding rather satanic..? :D


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There is a thread about it on here and also a post on the blog
 

Chammy

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TheBladeFalcon said:
It's sadly true that most ISA's are useless after considering inflation. I'm trying to put 50 odd pounds in a month but since rent's gone up that's really starting to be a pig...

On a side note guys, what's this 63336? Apart from sounding rather satanic..? :D

Thread here http://www.themoneyshed.co.uk/index.php?topic=1477.0 :)
 

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I have an emergency fund in the form of an ISA, and it does get used. It's for any vet bills, car repairs or as peace of mind if OH goes out of work. At the moment it is nil, but I am planning on putting £100 a month in starting soon.

We live comfortably on a household income of under £20k, but then we are happy to have one old banger of a car, never had a holiday in 15 years, and don't eat out, don't have take-aways and so on. But that is just our way, it's not a hardship. I'm hoping to earn more money this year and we are wanting a holiday, but the way I see it - if we can live happily on under £20k, and I can earn an extra £10k on top of that, essentially that is £10k spare to put toward a house perhaps? In theory, but it is easy to rise one's standard of living as the money rises and you still find yourself skint - I'm trying to be mindful of that.

On the topic of couples who split things down the middle - I knew of someone who did this with everything, even the chores, and if she did his chores she would charge him money for it!
 

sparkleandshine

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A couple of years ago I was debt free but what with OH's decision to go to university as a mature student and me then getting made redundant and deciding to go self employed so i could actually see my daughter and not just be putting her in childcare the whole time our finances have taken quite a hit so for now its no saving and just trying to pay down debts as and when we can...and trying not to get into even more debt! Which is easily done! Its fascinating how different couples deal with their finances - we have separate food shopping money because we eat totally different things, he's a meat eater I'm a veggie, so it makes sense for us. Splitting everything down the middle to the last penny, my first husband was into all that, at the time I thought we were striking a blow for equality of the sexes but now I'm not so sure! OH is a very different kind of guy the type who would gladly give you the shirt off his back if you asked him for it :)
 

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My OH basically hands over his wages for me to split into the bills and shopping piles and then he gets some pocket money after everything else has been paid, £100 if he's lucky. All the money goes in the same pot with us, but if we had 2 high incomes it might be done differently.
 

sparkleandshine

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at the moment we don't even get pocket money! All of OH's earnings go on 'essentials' and mine are what we use for 'treats' and clearing debts...would be lovely if one or both of us could land a better paying job and then we could start making more of a dent in it
 

RickyRaj

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An alternative to saving could be peer-to-peer lending sites. LandBay is one which specializes in lending to residential buy-to-let landlords.

https://landbay.co.uk/

Minimum investment £100.
 

katykicker

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Twiggy said:
My OH basically hands over his wages for me to split into the bills and shopping piles and then he gets some pocket money after everything else has been paid, £100 if he's lucky. All the money goes in the same pot with us, but if we had 2 high incomes it might be done differently.

We are a high income household and my husband allows me control of everything. He prefers it when I divide up his money, move money for bills, pay things that are needed, settle any credit card bill during the month, move savings etc and then I can give him the exact detail of what he has left.

I control paying the bills and it works for us. My husband prefers to know what he has left for fun and he is free to spend his fun money on literally anything he wants as long as we have made our bill payments, cleared the credit card and made savings contributions. My husband earns variable money but everything is worked out based on his contracted salary. This means any overtime he does + the difference between basic salary + outgoings is just extra money for him. On occasion I ask him to put up more when he earns a lot more, say for our next holiday.

We started doing things this way back when we both had minimum wage jobs and it has just progressed naturally. One thing I have done is made sure my husband knows how to check things, should he want to, and how to pay bills if I go into hospital (which seems to be frequent at the moment!).
 

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