Save money

£55 in my bank, not a lot. But better than nothing!! , EMA next week goes into my train ticket and PM into the bank, taking me to £65. Then the week after ema will go into the bank taking me to £95 :).
I am going to keep £100 in there for xmas prezzies! So even thouhg im trying not to spend anything, if i have to i dont want to let my bank go below £100.

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It’s a high interest online savings account… first time I’ve ever been disloyal to my bank (in 16 years) but their interest rates took a real dive and UBank’s didn’t… and it makes all the difference really.

I also used it to set up an automatic savings plan, and set a goal that I can track against my account. Positive steps. :)

Money gives you the people to make you own financial decisions without having to depend on someone for financial support. Therefore the more you save the better it is for you in the future

Get a savings account and another job!

I can’t just spend it frivolously on whatever. I wish I could just save my money for rent and travel and gifts for my friends and family. But I end up spending it on clothes (second hand usually), alcohol (actually in the midst of quitting this) and food (I go out, I cook, too, but lately I’ve been quite the diner.

doing good, pocked money this weekend will go into my bank ! and im not going to spend anything over the weekend, and then next week my ema will go towards going to my boyfriends at uni (train ticket!)

got to start saving money

Now that I’m 16, I can get a job and not have all these troubles with being too young. I’ll go ASAP and won’t have to worry about saving anymore. I have like no money right now, but that’s also because my parents owe me a ton. Saving money is never perfect, I lose money here, I gain it there. All in all. I just need to stop spending on small things. But I got some things I want, so I guess this is good =)

Been working 3 weeks now and by the end of this week I will have $1,000 which is more than I have ever had before (I topped $550 once when I was working in Year 12 at school). That $1,000 is going to be my emergency buffer, not to be spent. It isn’t all peachy though, I do have quite a sizeable debt ($5,345) to my parents that needs paying off as well so that is where quite a big chunk of my earnings will be going first.

I have been living very frugally since being broke before this job, so I am comfortable not spending money. That will help me to save more as well as get this debt paid down. It will be truly sweet to be able to see my debts disappear once and for all. If I save at the same time as I pay off the debt (i.e. it will take longer to pay the debt since some of my disposable income will be going to savings instead), then when the debt is paid off I will still have a huge pool of savings. By May next year I should be debt free if I follow the current plan and I should also have a decent savings pool.

I have also been learning about shares, bonds, options, futures, derivatives and annuities. When I save some money for the long term, I want to be able to capitalise on it further! So far it looks like bonds are the safest bet since they have an attached interest coupon and I might consider investing in mining stock in our domestic mining boom (Australia). So long as the investments have returns higher than the inflation rate it is worthwhile in my opinion.

as ive just spend £50 on a new abercrombie and fitch jacket… oops! But i needed it, and it will be the last thing i buy myself till after xmas :)
From now till xmas all my money will be spent when i see matt or on train tickets or being saved for peoples xmas prezzies :)

So the money from this jacket will come from £15 i already have, i guess i’ll have to then take £35 out the bank. Should hopefully leave me with 70 ish still in there, not too much of a set back, as next week i can take it back to 80/90. Then the following week back to 100, and then i can start putting ema back in, thats how im justifying my buy anyway :P

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