What do you do with your money?

Ironic Namesake · 14 Apr 2012 at 18:07

Energize said:
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.

This

Natwest tried to get me to invest into their funds, all of which had poor performance, not to mention the fees.

Pick your own and use someone like HL, works out a fair bit cheaper

Of course they advertise their own, they get commission!

fendi · 14 Apr 2012 at 18:17

Most of it finds its way to the stock market. When the mining sector recovers. Hello £££.

Jonners · 14 Apr 2012 at 18:18

Buy Commodore Amiga's

lemonkettaz · 14 Apr 2012 at 18:18

I only pay for a car and a phone bill.

The rest is pretty much spent on having fun

George Hincapie · 14 Apr 2012 at 18:21

edscdk said:
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...

Except that you'll still have a load of cash saved you wouldn't otherwise have had. While accurate, the inflation argument ignores the basic premise of saving. Any return is a bonus.

marc2003 · 14 Apr 2012 at 18:22

Dunks said:
Spend it on drugs and hookers, of course.

you should become a drug dealing pimp. think of the money you'd save.

Jonny ///M · 14 Apr 2012 at 18:24

Food,petrol,cars,bicycles....mostly food/fuel though.

ilcp · 14 Apr 2012 at 18:38

i have been missing out on ISA.. i thought you could only save 5k ever.... and that is it. I didn't realise its per year... /noob

as for the topic: at the moment, i save most of it, spend like 200£-300 per month max and occasional going out etc. What really irks me is the amount of NI/Tax i have to give the bloody useless govt.

Raymond Lin · 14 Apr 2012 at 18:46

Bills, Food, living expenses.

Mark A · 14 Apr 2012 at 18:50

edscdk said:
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...

True, but I have an extra £750 in my account now, that I wouldn't have had if I had saved my money under my mattress.

BTW, what is the current rate of inflation? I thought it was about 5%?

PMKeates · 14 Apr 2012 at 18:53

Frivolity

RageQuit© · 14 Apr 2012 at 18:59

Awesome gaming rigs

and booze!

Threepwood · 14 Apr 2012 at 19:04

As Grandpa used to say "Save a shilling a week and you will never have a worry my son"

churchhawk · 14 Apr 2012 at 19:26

Spend it, the more you save the more of a tight arse you become, you cant take it with you anyway so enjoy it.

Spenty · 14 Apr 2012 at 19:29

shadesofgrey said:
As Grandpa used to say "Save a shilling a week and you will never have a worry my son"

That could be a bit of a problem nowadays...

Strife212 · 14 Apr 2012 at 19:36

I bought some Gold and Silver recently. It's nice to see it instead of being numbers on a screen

Threepwood · 14 Apr 2012 at 19:38

Spenty said:
That could be a bit of a problem nowadays...

True,

, but not the essence of the advice.

I used to spend the lot, but as I've grown older and started to follow all that pesky advice one was given as a youngster, life does seem easier.

Especially the saving a little every week, there is a certain comfort in knowing that if it all goes wrong... you will be able to deal with whatever has happened.

Disco Boy · 14 Apr 2012 at 20:20

Easy access saver. No need for an ISA as I don't pay tax.

fizzle-187 · 14 Apr 2012 at 20:36

Spend and enjoy it of course.

But there must be some kind of balance. Save some and spend some! WIN WIN

funguST · 14 Apr 2012 at 20:47

spent all of mine on garden gnomes, now i need a garden!