What do you do with your money?

[FabienO]

I try to put £500 a month in to savings. Wifey aims for something similar.

 

[Trifid]

A fair chunk on house deposit fund which every month seems to be further away as I realise I can't afford a place that I'll be happy with.

Living costs are depressingly high...

 

[Tyron]

Geeks are usually well off . If we weren't well off why would we be on an overclocking forum ( a hobby that uses up a lot of ££).

I wouldnt think it does though as you would upgrade every so often and you make money back on former parts so you dont spend as much.

Just in other threads people give off the impression they're on £30k+ jobs.

 

[J-FRO]

Pay off student debt and waste the rest on going out boozing and indulging in food, buying clothes, games, hardware etc.

 

[newbieclocker]

Save for three years to build a computer. I am on my first year.

 

[CaptainRAVE]

Most of mine is in long term investments. The rest in isa accounts, a few fixed term accounts from when the interest rate was higher and some short-medium term investments.

 

[Liquid_Entity]

I wouldnt think it does though as you would upgrade every so often and you make money back on former parts so you dont spend as much.

Just in other threads people give off the impression they're on £30k+ jobs.

Just look at the Motors section, everyone well off.

All I see are new Beemers, Porsches and whatever else. I barely afforded my push bike hahaha

 

[Deleted member 77746]

A fair chunk on house deposit fund which every month seems to be further away as I realise I can't afford a place that I'll be happy with.

Living costs are depressingly high...

I did that for 9 months.

 

[Armadillo]

Spend it.

 

[CaptainRAVE]

Just look at the Motors section, everyone well off.

All I see are new Beemers, Porsches and whatever else. I barely afforded my push bike hahaha

Lol, it is the internets and people can post whatever they want

A good few members have been proven to be frauds on there and I bet a large proportion of the rest are too. Some good banter on there though

 

[prashantnew]

Inflation 3.4%, your isa 3.5% you gain 0.1% a year..... if inflation over the year is say 4% your money lost value...

Mind = Blown.

The business of shares intruiges me though, although from what I understand it's high risk? Who would be the best person to speak to to find out more about such ventures?

 

[JayMax]

I spend half my money on gambling, fast women, and booze. The other half I waste.

 

[Cleeecooo]

save some and spend the remainder

 

[Deleted member 77746]

I spend half my money on gambling, fast women, and booze. The other half I waste.

I see what you did there.

 

[syke]

Spend it on anything and nearly everything

 

[Rameses]

Money, whats that?

 

[Dreadi]

Rent, utilities, food, petrol and that's mainly it

 

[Trifid]

Inflation 3.4%, your isa 3.5% you gain 0.1% a year..... if inflation over the year is say 4% your money lost value...

Money is better saved than wasted though.

 

[Unicorn]

Im piling it up around my room hoping it keeps the aids away*

*(Southpark reference & Not serious)

Stick in bank and save for stuff i want

 

[Energize]

I've got my first full-time and hopefully long term job and after a lengthy discussion with the bank manager, opened an ISA, which has excited me.

Thanks for the laugh.

Those salespeople always give advice to go for their own terrible products. A few minutes on moneysavingexpert is all you needed.

Inflation 3.4%, your isa 3.5% you gain 0.1% a year..... if inflation over the year is say 4% your money lost value...

It's a savings account not an investment, making money isn't it's primary purpose. It's for saving it. Saying that, nationwide's easy access isa is 4.25%.

Also remember that inflation is personal, any scale like RPI is calculated for a non-existent average basket of goods.