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long-term savings

March 21st, 2006 at 12:43 pm

I was hoping to have a couple of No Spend Days this week but it looks as though it isn't going to happen. Today I have to buy some food at the shop for my mum after uni, hopefully it won't be too much. I'll also have to buy a Mother's Day gift and card too. I seen a pair of shoes for my holiday which I'm also planning on buying - they might not be there next month.

I have decided that once the holiday is paid for (June) I am going to open another savings account. The one I have just now is instant access so this one will be long-term and hopefully I'll have to give notice to take money out. I seen one advertised, I think the AER is 4.25% or something like that. Anyway the building society isn't in my town which means that even if i did want to touch the money, I won't be able to because it isn't nearby and it will be a pain to travel there. I am thinking about probably saving £15-£20 per month, so that I won't really notice it from my wages. It won't be much but it will do until I get a better job.

Speaking of jobs, I was going to do overtime tomorrow but I'm not going to. I am already working ten hours extra this week and eight hours extra next week.

2 Responses to “long-term savings”

  1. ecsander Says:
    1142952516

    It's so hard to resist shopping for things to wear on vacation. I'm trying to save money by wearing things I already have for my (short) trip next month, but I keep seeing the most perfect things to bring with me. Someday....
    Thanks for your note!

  2. Brittany Says:
    1142956537

    Thats great that you are saving every month. It's so important to include "paying yourself" as one of your monthy expenses. I like to use a percentage of my income. I started with %5 and am up to %20 and use ING Direct. It's working out well. Keep up the good work!

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