When I got wed my wife asked do you still want me to work - Ruddy depending on it, I replied lol
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Money Saving Tips
- Thread starter Nymzee
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Bazlar
Player Valuation: £25m
Lifetime ISA
Tax free saving for your first home and later life: what is a LISA, who can apply, 25% government bonus, withdrawal charges.
LEONARD
Player Valuation: £60m
Quitting for a period is useful in other ways I think. Personally made me re-evaluate who I hung out with and why. Long term change of habits and knowing who my mates are (pub mates who do ones nut in sober?) was a boon too.
Booze costs a fortune, cut it out completely and we'll have funny sight of @peteblue signing on and bemoaning cruel Tory policies and low welfare too.
DuuuncanHadaPigeon
Player Valuation: £10m
Someone mentioned the direct debit to a savings account. Very good idea as it removes your ability to say 'ah I'll leave it this month because I have to pay for xyz' Bang it into some S&P 500 index and just forget about it. For less risk do the premium bonds like someone else mentioned.
summerisle
The rain, it raineth every day
I thought he meant meth
tbh I get where @Nymzee is coming from too. I'm back living at home and have been trying to save for nearly a year now and it's going okay, but I know that I can't afford my own place on my own, so realistically going to look with my girlfriend next year, all being well there.
I will rent if push comes to shove but it's just money down the drain really and my parents are fine with me being here. I've had to dip into some of my savings recently but it's been to pay for holidays that I've not been on in 3 years. Not lads bev ups but once in a lifetime trips to Bilbao next year for the TdF, doing a cycling holiday with my dad next month, trip to Italy for my girlfriend's birthday etc.
Only advice I can give is just to put away money straight away at the start of the month and forget about it. And in all honesty spend less on nights / days out, or cut down the number of them you do a week. I've always been of the mindset that you shouldn't deprive yourself but then it's about moderation too isn't it. Like I've just got myself a new coat that I don't 100% need but I like my clothes and it's what I'm into. I also know it will last me years, and I'm getting something to show for the £150, not just two crap nights out.
It's alright going to get a bar job, but then you might just end up spending that cash straight away anyway if you end up working a weekend night, and you're cutting away at your free time.
Other option I suppose is to make sure whatever you do for a living is something you can see yourself being happy in for a long, long time, which takes some of the pressure off thinking about your future and retirement - like you said it'll be late 70s for us anyway at this rate. That way you can compartmentalize a bit and at least prioritise the 'here and now' saving, if that's for a house or whatever like it is for me.
I will rent if push comes to shove but it's just money down the drain really and my parents are fine with me being here. I've had to dip into some of my savings recently but it's been to pay for holidays that I've not been on in 3 years. Not lads bev ups but once in a lifetime trips to Bilbao next year for the TdF, doing a cycling holiday with my dad next month, trip to Italy for my girlfriend's birthday etc.
Only advice I can give is just to put away money straight away at the start of the month and forget about it. And in all honesty spend less on nights / days out, or cut down the number of them you do a week. I've always been of the mindset that you shouldn't deprive yourself but then it's about moderation too isn't it. Like I've just got myself a new coat that I don't 100% need but I like my clothes and it's what I'm into. I also know it will last me years, and I'm getting something to show for the £150, not just two crap nights out.
It's alright going to get a bar job, but then you might just end up spending that cash straight away anyway if you end up working a weekend night, and you're cutting away at your free time.
Other option I suppose is to make sure whatever you do for a living is something you can see yourself being happy in for a long, long time, which takes some of the pressure off thinking about your future and retirement - like you said it'll be late 70s for us anyway at this rate. That way you can compartmentalize a bit and at least prioritise the 'here and now' saving, if that's for a house or whatever like it is for me.
Billy Dean
Player Valuation: £70m
I used to be awful with money and now I can save quite well. What I did was basically just list all my fixed outgoings, subtract that from my salary and divide by 4 or 5 depending on length of month. That would be my weekly budget.
Then I would keep a daily record of my other daily outgoings so I could see where I was in relation to the week’s budget. Goal was to have something left over at the end of the month. Even if only a fiver.
Then I would keep a daily record of my other daily outgoings so I could see where I was in relation to the week’s budget. Goal was to have something left over at the end of the month. Even if only a fiver.
Few things i have being doing to be a bit more savvy money wise are:
Bank Switches: I have made around £590 in bank switches in the last few months. I made a Monzo account and once activated switched to earn a bonus. Good way to do it if you don't want to switch your main account. It takes no longer than 10 minutes to apply. Pay attention to each deals requirements, some ask you to have direct debits set up.
Referral Fees: I take advantage of referral fee offers from the likes of Revolut, Monese etc. For example a crowd of us were going on a holiday and for anyone that didn't have Revolut that we planned on using to split bills i sent a referral link and once they made the steps required i got a few quid and sometimes split that with the person. Have made a few hundred on these in the last year.
Cashback: As someone has mentioned use cashback sites like topcashback or quidco. I think both of them do offers when you open your account. I used the amazon cashback on Revolut for a bottle of whiskey in the amazon sale rrp was £37, i got it for £17 with cashback factored in. Also get a card with purchase cashback. I got a Monese card with 1.5% cashback on most transactions until December, maximum of £30 per month cashback. I have a rough monthly budget and move my monthly disposable income onto that card and try to make my money last.
Round Up: Some cards like Revolut, Monese allow you to round up purchases to the nearest pound. I set up a savings vault and multiply the round up by 2 or 3 and let that tick over for a few months and you would be suprised how much you save.
Balance Transfer: Switch and credit cards to 0% interest cards if possible .
Side Hustle: I am set up as self employed and do some work in the sector i used to work in. Gets me a few grand extra per year that pays for holidays, treats and repairs on the car when needed.
Alongside some of what others have suggested such as budgeting , setting up a direct debit for savings etc and you will be grand.
I went from a 0% credit rating a few years back to 999 credit rating, mortgage, car etc. All by being a bit more savvy and setting goals to save or clear debt.
witchdoc187
Player Valuation: £60m
Difficult to tell mate but maybe spending hundreds on booze tours and meals and nights out might be a problem.
BlueInNZ
Player Valuation: £10m
If you are 30 now then you have lots of time left. I always go back to Einstein and his comment about the power of compound interest. You will have other priorities but definitely assign a portion of what comes in to go into your pension fund.
YoboCopter
Player Valuation: £50m
150 couple of crap nights out?
Tight bastid!
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