How to you lot ave for holidays/spending money?
I put money way each month and save coins, like pounds 50's, 20's ect in a tin towards spending money.
Lets share our saving tips?
Quite similar really. I put money away each month, I also save up my lose change. And I save up all my earnings on quidco to and claim that in the lead up to my jollies to.
we both save £20 per week for a year- £40 x 52 = £2,080
We used to throw our old Cyprus 1 Pound notes into a large Greek urn that sits in the corner of our living room but since the demise of the Cyprus Pound, the next small note is a 5 EUR note! So now, I've found my husband has been sticking 2 EUR coins in a tin over the last few weeks and he's accumulated a couple of hundred EUR so far....
We don't have a specific holiday fund but we are both frugal spenders over the year so we normally have enough in our account to pay for 2 weeks abroad in the summer and a week at Easter.
Can't really say I really save specifically for holidays. I have always saved a decent proportion of my salary which covered holidays and other expenses such as cars etc. So there was always enough to pay for a holiday. I can't save as much now that I am a pensioner so anything taken out of the bank account isn't always replaced. My UK OAP stays in the bank in England and usually covers any long haul holidays that I take.
I don't save specifically for holidays either. I am careful with money in general though. One thing I do is spread out the buying of my holiday clothes. For a summer holiday,I start looking for bikini's,summer dresses etc; around this time of year.I start buying suncream and toiletries about a month before we go,a bit at a time.
Some as above three posts really, never really had a holiday fund, but am careful with money in general and holidays have always been a priority, I shop around for good prices with all the agents to make the money go as far as possible.
We used to throw our old Cyprus 1 Pound notes into a large Greek urn that sits in the corner of our living room but since the demise of the Cyprus Pound, the next small note is a 5 EUR note! So now, I've found my husband has been sticking 2 EUR coins in a tin over the last few weeks and he's accumulated a couple of hundred EUR so far....
Update: He spent it all yesterday! Not on a holiday....
We don't have a "holiday fund" per se - the urn/now the tin is usually what we use to save up for our winter fuel (gas bottles and kerosene) but we often dig into it if something comes along that takes our fancy!
Shell
Limassol, Cyprus
Hope it was worth it then Shell
I save in general not specifically for a holiday. Whatever i have left at the end of the month goes into savings.
We have a 'high' interest e account. We transfer our alaries into it when we get paid then trickle the money back into our current account to pay bills etc. Money left over accumulates in the high interest account and pays for the extras like holidays.
my wife and i stopped smoking about 4 years ago and we put the money we used to spend on fags away each week and we have had 5 good holidays out of it over the past 4 years, good insentive to stay off the fags and feel much better for it as well, a winner all ways round really
Good for you, and well done on giving up smoking.
Usualy I put away £20 per month, so 3 year share plan = £360, which gives me a return of £500
This years plan should give me a return of around £700
£20 per month = £240 per year = £720 over 3 years. I'd be looking for more than £500 back on that level of saving! What am I missing?
SM
hm, that's true SMa. I read the post but didn't stop to work it out. Unless there was a typing error Joseptuk is losing £220
I put money aside each week anyway during mad season and that pays for my holiday. Look around for deals too
With a share plan you do not wait three years to take out the money like in a BS account, you can take money out every year as there will (hopefully) be capital growth as well as interest, provided the company is doing OK, so it kind of mounts up over the years, like an investment trust.
SMa wrote:My Mum always insisted that for somebody who did A level Maths my basic arithmetic was awful but I can't work our how that adds up Joseptuk?
£20 per month = £240 per year = £720 over 3 years. I'd be looking for more than £500 back on that level of saving! What am I missing?
SM
sorry sm
I have more than one share plan, I began to calculate at £10 a share, so this is where my mistake was made
Just put in wrong figures, and yes £240 a year, and £720 3 yrs,
£20 a share, which gives me roughly 36 shares+ 3 bonus shares
Now at todays share rate $60 which in sterling = £38 per share, my return should be around £1482
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