Savings day

euro_scene · 5 Jan 2010 at 13:17

I need to save this year

I want to go on holiday in July.. that will cost £700

I want to go on holiday in December.. that will cost £2000

I need money weekly for my car.. petrol / mods

I owe my brother £500 and the bank £500

and I have a £40 phone bill each month.

Plus money weekly for general stuff.. fast food.. drinks (£30)

How much do I need to be earning a week / saving a week?

edit: +£126 a month car insurance

Thanks

sammo62 · 5 Jan 2010 at 13:18

Do you have rent, bills etc?

Sukh · 5 Jan 2010 at 13:18

I need to open a door handle, which way do I turn it? :rolleyes:

Biohazard · 5 Jan 2010 at 13:18

do you have excel?

euro_scene · 5 Jan 2010 at 13:19

No rent

No bills

well only bills is £40 phone bill monthly

euro_scene · 5 Jan 2010 at 13:20

I have excel

Im at college at mom

im home at 2:00pm

sammo62 · 5 Jan 2010 at 13:21

Add up all your total yearly costs, divide by 52. Thats how much you need to save per week. Its roughly £100 looking at those numbers.

Biohazard · 5 Jan 2010 at 13:22

euro_scene said:
I have excel

Im at college at mom

im home at 2:00pm

ok well put it all into excel.

it will do most of it for you.

by magic.

One More Solo · 5 Jan 2010 at 13:23

How on earth do 2 holidays cost you £2700?

britboy4321 · 5 Jan 2010 at 13:24

I think you will need to save £1.84 a day, except for every other Wednesday, on which you'll need to save £4352.32.

These are only approximate figures though ..

(in other words -- it's pretty simple maths mate .. just excel it you could do it in 5 minutes)

G-MAN2004 · 5 Jan 2010 at 13:25

One More Solo said:
How on earth do 2 holidays cost you £2700?

Why not? It depends where you go.

Saying that, a week trip to Zante ended up costing me over £1200.

Firestar_3x · 5 Jan 2010 at 13:28

One More Solo said:
How on earth do 2 holidays cost you £2700?

Erm, i can easy spend that on one holiday!

Its hardly a boat load if you goto America for 2 weeks.

Biohazard · 5 Jan 2010 at 13:29

Firestar_3x said:
Erm, i can easy spend that per person on one holiday!

i can spend that getting to the destination for my holiday

Firestar_3x · 5 Jan 2010 at 13:29

Exactly!

Biohazard · 5 Jan 2010 at 13:31

Firestar_3x said:
Exactly!

Duke · 5 Jan 2010 at 13:32

Biohazard said:
i can spend that getting to the destination for my holiday

I can spend that on Ryan Air additional charges.

GinG · 5 Jan 2010 at 13:33

Need to be earning £300 a week...

Glaucus · 5 Jan 2010 at 14:05

The total of all that comes to about 5.5k. So call it around 6k a year with NI contributions. But tbh once you start earning your spending will go up drastically.

euro_scene · 5 Jan 2010 at 15:08

One More Solo said:
How on earth do 2 holidays cost you £2700?

1 holiday is Turkey for 2 weeks

The other is a 2 week Caribbean cruise

LiE · 5 Jan 2010 at 15:09

Simple maths fail. Seriously OP how can you NOT work this out?