Jump to content

Saving


Central

Recommended Posts

With the pressure now to have a hefty deposit ready for a house it's becoming more of an issue for people to have savings at a young age.

The only reason i have any form of savings is because i won a few decent coupons last year and i'm constantly worrying that i should be cutting back on daft holidays to put more away. So P&B, what age did you start saving?

Link to comment
Share on other sites

  • 1 year later...
On 24/01/2018 at 21:52, Central said:

With the pressure now to have a hefty deposit ready for a house it's becoming more of an issue for people to have savings at a young age.

The only reason i have any form of savings is because i won a few decent coupons last year and i'm constantly worrying that i should be cutting back on daft holidays to put more away. So P&B, what age did you start saving?

Take heed, gambling is definitely the way to go if looking to secure your future.

That or one big job on a cash rich premises...bookies, petrol station etc.

Link to comment
Share on other sites

When I was 18 and in my first full time job.

Had many an argument with a girlfriend over my tightness but it’s worked out in the long run.

If anyone is looking to save I would recommend having a look at the Moneybox app. You can use it for roundups or weekly deposits and then decide how aggressive you want your money to be invested.

It can fluctuate of course but for the last year or so I’ve had it set at the most aggressive setting and I’ve put £960 in it and currently sitting at over 10% return with £1081 in the pot.

Link to comment
Share on other sites

26 minutes ago, Dindeleux said:

If anyone is looking to save I would recommend having a look at the Moneybox app. You can use it for roundups or weekly deposits and then decide how aggressive you want your money to be invested.

It can fluctuate of course but for the last year or so I’ve had it set at the most aggressive setting and I’ve put £960 in it and currently sitting at over 10% return with £1081 in the pot.

"2012/13 Gambling update:Retired"

Link to comment
Share on other sites

5 minutes ago, sugna said:

"2012/13 Gambling update:Retired"

Haven’t updated my sig in a while.

You are right though I’ve just moved my £20 a week from the bookies into investments. I do know it could come crashing down it’s not my main savings, I’ve got an ISA for part of that.

The stock market does worry me though as I get a fair chunk of shares from my company every month with my salary. The share price has gone from £4.60 to £1.50 in the time I’ve worked there (probably says something about me). It took a slight jump about 2 years ago tracking back to around 2.50 and I was advised by a lot of people to sell them but I’m holding out in the hope that, whatever the brexit end game is, they get back over £3.

But aye if the stock market had a 2008 style crash I could be in a bit of bother.

Link to comment
Share on other sites

45 minutes ago, mathematics said:

I was 34, and could only afford to start saving when I moved in with Mrs Mathematics and landed my current job.

I was working as a waitress in cocktail bar

Link to comment
Share on other sites

Hopefully I'll have my deposit sorted for a house this year, I think it's about spending money in the right way, you can still go on holiday but just plan well in advance and look for good deals etc. 

Link to comment
Share on other sites

I saved money from my bonuses and overtime to get a deposit for a house.  We also had some help from our parents on both sides. 

Currently I put extra money away in a savings account but it's more of a rainy day fund to pay for any unexpected expenses.  What I'm doing from this month is a new approach to household budgeting - I'm just planning for having a fixed number per month for all non-bill expenses and emptying my current account apart from that each month.  If I need anything extra I can dip into my other account but am going to see how this goes.

Having a child is a good motivator to stop wasting money on nonsense, I used to hink nothing of spending £100 on a night out and stuff like that, there's no way I could do that now, I'd just think of things I could buy for him with it.

Link to comment
Share on other sites

Was around 28/29 before I really considered it. Making up for it now but if and when we buy a house here, everything we have to date will disappear into that. No kids at the moment so able to put away between 1/3 and 1/2 my salary most months. Probably could do more but I tend to be quite impulsive and buy stuff I really don't need.

Link to comment
Share on other sites

Could afford to save if I lived very sensibly and didn’t go out much. Unfortunately I’m completely shite with money after a couple of beers so I’m absolutely skint most the time. I tell myself a couple of quiet months would sort it (or at least sort most of my money issues) but these quiet months never materialise.

Link to comment
Share on other sites

A lot of people have probably put a house deposit up their nose over the years.  I was a fan of this type of hard partying when I was in my teens/early 20s and I'm just glad that cocaine wasn't the drug of choice for my generation and you could be up all night for a tenner.

Link to comment
Share on other sites

1 minute ago, MixuFixit said:


Tbh free or not, if you've not done an exhaustive appraisal of the shares value I'd just sell them at whatever price and invest the money in a passive fund.

You could well be right but its clear based on that one sentence that you know more than me.  My aim the last couple of years has been to learn more about the stockmarket and investment funds but I've been too lazy to do it so far.  

My shares are worth about £20k at the current price, my hope is they go back to £3 a pop which will roughly double that and I may be in a position to leave my job and set up the business I want to do.  However the arrival of my daughter has made me a bit more reluctant to do this than I would've been pre-child.  Can't really take the gamble of losing my income.  My work have also been making people redundant over the last 12 months so I'm half-hoping it will come to me shortly as the payoff would probably be about a years wage upfront and a Ally McCoist style-gardening leave period in the meantime to look for other work.  I'm probably hoping for redundancy because it would force me to actually do something as I am pretty lazy.

Link to comment
Share on other sites

37 minutes ago, Dindeleux said:

A lot of people have probably put a house deposit up their nose over the years.  I was a fan of this type of hard partying when I was in my teens/early 20s and I'm just glad that cocaine wasn't the drug of choice for my generation and you could be up all night for a tenner.

Viagra?

Link to comment
Share on other sites

49 minutes ago, Dele said:

Came here with f**k all and I'll be leaving with f**k all. 

 

Dundee thread for this.

1 minute ago, MixuFixit said:

Sounds pretty good. I'm also pathologically lazy so I stick to funds rather than individual stocks.

Unless you can afford to spend all your time studying the stock market, can get good professional advice and/or have a genuine natural talent then funds are the way.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...