Friday 24 May 2013

You can't miss what you don't have.

Hello everyone i hope your well, i've had an expensive week with a few big bills and and a hen do at the weekend. Next weekend will be a wedding, the week after will be another hen do then another wedding followed by a weekend away at the end of june for my sisters birthday. So i don't expect huge savings but i do still want to save some money.

As a regular savers the best tip i can give you is work out your outgoings, keep a little extra aside then send the rest straight to your savings(or towards your debt-if your doing this i recommend keep more back than you would saving as you can no longer access your money) on payday, and remeber every penny counts. Look at your bank once a week and round it down to the nearest £10 and send the rest to your savings it soon add's up but you won't miss it as you can only take £10's from the bank machine.


We transfered our savings to the credit union a few weeks ago, as our bank said on our income they wouldn't lend us any money to buy a site, they don't take into account that we save 60% of our income or more, where as the credit union reward savers. So new standing orders set up for each Monday. We had to set up 2 accounts as they don't do joint ones so £100 to each. Thats all our tax credits and some of hubbys pay.We manage on whats left.I will then send over any leftover pay at the end of the month (he gets paid weekly). Aswell as this i will go and put half my child benefit in in cash so i can get updated totals, my children are well looked after and i know this moneys for them but a home is for them aswell so i feel this is justified, it's not like i'm spending it on wine...and the best thing about the credit union you have to go in branch to get your money so are less likely to spend money you shouldn't because you can't :)


Tomorrow i have free tickets to a fair and only £6 in my purse so i will be spending nothing.

Hope you all have a great frugal, money saving weekend.
 

5 comments:

  1. fab idea with the credit union think i may look into this.thanks for the tip

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  2. also wanted to ask how long did it take you to save that amount I need some inspiration there is a distinct lack of progress with me on the savings front

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    1. Hi jen, i've acually looked at your own blog before :)

      It has taken me a year to save that amount, we moved into an old farm building that another family memeber had lived in when building there house, so we have no rent so very little outgoings. When we moved here We needed a new fridge freezer and the youngest needed a new bed.Hubby does extra jobs at night for extra money aswell which all helps.

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  3. Sian even with no rent you have done amazingly well with your savings am so jealous. I have been hitting the overtime at work the past few weeks but unfortunately am still at the bill busting stage before I can make an attempt at decent savings. Dosen't help that my other half has had his hours reduced either x

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    1. My hubby works in the family business, it consists of him his mum, his dad, and his older brother and thats it. It's a godsend in ways in that even if he's ill or off he gets full pay and he gets a set wage, the problem is acually getting paid on time! They refuse to set up a standing order as they have alot of outgoings and money coming in in dribs and drabs so don't know if they'll have his pay or not on payday. so they pay by cheque usually a week late or let 4 weeks mount up then only pay 3. Since we live off that i just make sure i have plenty of money in and will put stuff i really need on the creditcard then pay in full when he's paid.

      I can remeber the days when i was scrimping every penny and getting no where but it has came good for us and it means we have developed some good habits aswell :)

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