Lets SAVE £5000 a year ! Who with me

jasonsony735 · 22 Oct 2013 at 22:59

I'm going to try and Save £5000 a year who's with me on this

I get paid weekly and I can't see £100 going a miss for 52 weeks.

The challenge is on - I must without fail post weekly bank statements.

Dunks · 22 Oct 2013 at 23:01

Rich1988 · 22 Oct 2013 at 23:03

Wish I earnt enough to save £100 a week! you are either paid very well or you live with your parents?

Dunks · 22 Oct 2013 at 23:06

Rich1988 said:
Wish I earnt enough to save £100 a week! you are either paid very well or you live with your parents?

He lives with his brother and pays £250 per month in rent and makes £15k a year.

Rich1988 · 22 Oct 2013 at 23:08

Ah. that explains a lot

jasonsony735 · 22 Oct 2013 at 23:09

Dunks said:
He lives with his brother and pays £250 per month in rent and makes £15k a year.

Correct Ha Ha

Phreaky · 22 Oct 2013 at 23:09

Already do this, get with the program.

Luke · 22 Oct 2013 at 23:11

I receive a £6500 bursary for Uni and have no student finance.
Living on £1500 isn't going to happen.

Narj · 22 Oct 2013 at 23:14

Saving more than that already but good plan, OP.

Nitefly · 22 Oct 2013 at 23:17

Best of luck!

robgmun · 22 Oct 2013 at 23:23

jasonsony735 said:
I'm going to try and Save £5000 a year who's with me on this

I get paid weekly and I can't see £100 going a miss for 52 weeks.

The challenge is on - I must without fail post weekly bank statements.

I manage to save over £1000 per month, my target is 15K in a year.

Rotty · 22 Oct 2013 at 23:24

I am incapable of saving

Narj · 22 Oct 2013 at 23:27

Rotty said:
I am incapable of saving

I keep finding expensive hobbies. :/

arctine · 22 Oct 2013 at 23:28

Saving is addictive

You'll start to hate spending money.

Narj · 22 Oct 2013 at 23:29

arctine said:
Saving is addictive

You'll start to hate spending money.

I was like this at one point, then I realised that I could drop dead tomorrow, so while I have a safety net, I make sure I enjoy myself.

Xire · 22 Oct 2013 at 23:33

Saving? What is this you speak of.

jasonsony735 · 22 Oct 2013 at 23:33

Narj said:
I was like this at one point, then I realised that I could drop dead tomorrow, so while I have a safety net, I make sure I enjoy myself.

I think we could all think like this.

I'm setting myself this goal as when I hit 35 in 5 years time I want to have something to show for working everyday. I like the idea in my head that when I turn 35 I can walk in to a bank or a car dealer ship and buy a new car or get a mortgage , That to me would feel good.

arctine · 22 Oct 2013 at 23:36

jasonsony735 said:
I think we could all think like this.

I'm setting myself this goal as when I hit 35 in 5 years time I want to have something to show for working everyday. I like the idea in my head that when I turn 35 I can walk in to a bank or a car dealer ship and buy a new car or get a mortgage , That to me would feel good.

Please do not save 25k and waste it on a new car.

robgmun · 22 Oct 2013 at 23:37

Narj said:
I was like this at one point, then I realised that I could drop dead tomorrow, so while I have a safety net, I make sure I enjoy myself.

I was the other way round, the "I could drop dead tomorrow" attitude got me into a lot of debt. I no longer want to owe a penny to anyone, no bank or person and it's liberating

jasonsony735 · 22 Oct 2013 at 23:50

I wouldn't buy a brand new car lol that's for sure and lose 25% driving of the forecourt , I would buy second-hand Audi or BMW