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Regularly deposit money into a savings account
£100 per month

That will rise substantially (like, by a factor of 8) when I finish clearing my debt.

About $194.79 at current exchange rates, in case you were wondering.



Comments:

Mary Hawkins is ignoring cheers on this site for now. I still like you!

Congratulations!

That’s great! You’re going to love that when you’re finally out of debt…

Thanks. :-)

I should really be using this money towards the debt, but I wanted to get the savings account opened and make sure that there were no problems with it before I upped the amounts. It will certainly be pleasing to see the amount get bigger a lot more quickly!

Trauma_Junkie is really ready for Memorial Day!

I do the same thing.

I have one debt that I pay one each month, and I should just make a chunk payment and be done with it, but..I like havin a little in savings….

Yeah...

...it’s like a financial comfort blankie. :-)

Trauma_Junkie is really ready for Memorial Day!

I love that term

Hadn’t thought of it that way but now I feel like Linus in a “dollar” blankie…

calypte ready for something new :)

goodness!

£800 a month would certainly mount up to a lot very quickly! :o

Not quickly enough!

I’ve always been a hoarder, but mostly of junk and crap I don’t need. Now I’m going to hoard money, like a dragon (sort of). :-)

calypte ready for something new :)

not

saving for anything specific then?

Yep.

The future. :-)


dwlt has gotten 6 cheers on this entry.

 

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