Where Do You Keep Your Money? *sp

Pink Piggy Bank On Top Of A Pile Of One Dollar Bills

Until this year savings were something other people had, if I had any amount of spare cash it had to be spent immediately. I’ve spoken about this at length before and you all know relationship with money but much as that instinct to spend is still in me I feel like I’ve tamed the beast recently and actually see the benefit to having money in the bank. When I told you I’d been given notice at work and was facing the real possibility of blogging full time I wanted to make sure I had a little ‘buffer money’ so if one month my ads didn’t pay out or I was taken ill and unable to get to a computer (literally my worst nightmare) I would be okay for a month or two without that income. Well.. did anyone ever tell you saving money can be addictive? I was still shopping if course but seeing the numbers rack up curbed my appetite to spend, it was almost like a new kind of collecting. I can’t just buy 1 nail polish, I have to buy 5.. it’s a collection you see so once I started looking at money in the same way it was almost fun (I know.. crazy!) to save it. Obviously a big part of my saving kick is that I know have more saving power but if you can afford to go out and buy that lipstick or that takeaway you can afford to save. It’s all relative.. one mans monthly saving will probably be what I earn in 6 but another’s may be what I’d lose between the sofa cushions without even realising. I’m not saying you have to save but I am saying that most of you can and if you’re in to it you can look online here to find the best ISA for you. The best thing I’ve done so far is start giving money to my husband, he puts it in his ISA and for me it’s out of sight, out of mind.. not even my money anymore.

What are you saving tips and where do you save your money? Technically my money isn’t savings yet as I’m still in my overdraft but I’ve lived in my overdraft for the past 10 years so if feels like my money.. am I the only one?

Miss BB

lloydsTSB

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9 Comments

  1. Rikke
    29 August, 2013 / 1:36 pm

    Been following you for a while, but this is my first comment. I was so bad with money when I first moved out on my own, which like you means I’ve got overdraft. Saving isn’t easy on my tiny budget, but my bank has this awesome feature where, when you use your debit card the bank rounds it up to the nearest pound. For example, you buy an item for say £1.50 they round it up to £2 and the 50p goes into a savings account. I really think this is useful if you can’t find £10-50 to put into savings regularly, but these pennies soon stack up and it’s not something you notice because it is pennies.

  2. 29 August, 2013 / 2:42 pm

    I also have some cash saved up in an ISA that I never touch. It’s always there as an emergency fund in case things ever go wrong but I’m hoping it’ll be a big help in the future for things like buying my first car 🙂

    http://fairygobmother.blogspot.co.uk/

    xo

  3. 29 August, 2013 / 2:47 pm

    I save money and I have a nice sum I’m sitting on for when I move. I keep it in envelopes on my shelf though.. not sure this is the best way to keep it..

  4. 29 August, 2013 / 4:59 pm

    I have a big saving tin in my room where I put change. My biggest tip is to buy as much as you can with small change rather than dipping in to notes. Makes you think more about the amount and you get rid of change which a lot of people don’t use anyway!

    bellasbeautyblogs.blogspot.co.uk

    Claire

    xxx

  5. 29 August, 2013 / 7:32 pm

    What’s “my overdraft”? I definitely find myself saving a bit less lately because of buying beauty products but I do have an amount that automatically goes out of my account into savings every month and that definitely helps as I never really think of it as “my” money at all, it’s gone before I get it!

  6. Emma
    29 August, 2013 / 8:08 pm

    We recently got married and went on honeymoon for a week in Tenerife. When we got engaged, we weren’t yet living together and we weren’t sure how we would afford moving in together,the wedding and a honeymoon (and that’s with smallish wedding budget by most people’s standards). However what really helped was that my friend bought us a ‘honeymoon savings pot’ as an engagement present and we decided to put only pound coins in it. It was honestly amazing how fast they added up! I paid it into a savings account every time we reached £100 and it ended up paying for about half of a week in Tenerife in a really nice hotel. I’d really recommend putting a small amount away often because you don’t notice it going but really notice the rewards! We’re now going to do the same thing towards our next hoiday x

  7. 31 August, 2013 / 1:20 pm

    ISAs are a god send, because I have a student account I don’t get any interest on my money so putting everything in the ISA allows me to make 2.5% profit on my loan which is amazing

    Slightly Skint Blog

  8. 31 August, 2013 / 2:24 pm

    To be honest saving is not my strongest point. But like you, once I start saving, I find it addictive and want to save more!
    I have a savings account with my partner which is our first house deposit, I also have my own savings account, and also a pot in my room in which babysitting money is put in and saved. It’s nice to see those pennies rack up!

    Cass x

  9. 15 September, 2013 / 2:26 pm

    For the past year I’ve been saving to go away on a big holiday with my boyfriend and the best thing I did was download an app on my phone that I took note of all my spending. I set myself a monthly budget which I never ended up sticking to, but then at the end of the month I could say ‘Oh I didn’t need to spend money on that’, or ‘OK I bought way to much makeup/eating out/clothes this month’. I honestly found myself not buying things because I didn’t want to put it in the app! So yeah, if anyone has an actual savings goal, I highly recommend it. And I feel after doing it for so long its completely changed the way I shop for the good 🙂

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