paul.mitchell1984
Member
Registered: 31st Aug 06
Location: Wakefield
User status: Offline
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i just wondered how everyboy else does it
i have the issue of looign at my bank account and going hmmm i have ££ left i can buy !!!! rasther than ooo i have ££ left i should save
how do you plan your money any specific way or just leavie it in bank for whoever to take out when they need it?
random i know but im trying to clear most of my debt off by dec so i can look at buying/renting my own place
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richardworrall
Premium Member
Registered: 20th Sep 05
Location: Derby
User status: Offline
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two jobs helps me save and do the travelling i enjoy, without the second job id be stuffed.
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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I dont have debt but to save I qork out how much spare cash I will have at the end of the month after paying for essentials. Out of that spare cash I then take a reasonble amount for anything that isnt essential, for example the odd new 360/PC game, a new mouse, DVD's, something I spot on HUKD etc etc. Dont forget birthdays etc
If you are salaried its even easier cos you get the same amount per month therefore you should have roughly the same amount left over. Whats left over put a sizable chunk as a Direct Debit either per week or per month to go straight into a ISA account and voila that money builds up and you dont have to twat about moving it yourself
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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As danny above really.
I know what my income and fixed outgoings are, I know what I allow myself to spend extra on non-essentials and the difference is saved.
I don't bother with direct debits, just have 3 accounts on my internet banking which I shuffle money around a few days after pay-day.
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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Yea the only reason I use DD's is because I am a scatter brain, plus if it does it itsel barely even notice it. Im a student with a part time job, I put away £40 a week in my ISA last year alone, saved up about £1200 without realising tbh, didnt make that much difference. £40 a week for most students would get you 1 maybe 2 nights out, so instead of pissing it up the wall, quite literally, I decided to save it for something useful.
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myke
Member
Registered: 7th Feb 01
Location: High Wycombe, Buckinghamshire
User status: Offline
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I know roughly how much goes out in direct debits each month, plus roughly how much i'll need to spend on food, petrol and booze.
it normally works out about even each month, more by luck than any great planning or skill.
i don't check my balance regularly. just when my statement comes really. sometimes i spend more than i earn, sometimes it's vice versa, but i rarely 'save' anything.
i certainly should do, but it doesn't happen.
having a lodger helps keep me doing most of what i want to do. i'd have to scrimp a lot more and turn down offers out if i was just on my own earnt income.
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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Thing is though if you are balancing your income this means you 'cant' save, unless there is any way you could cut back on non-essentials.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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i have a sheet of paper with things like car insurance, car finance, housekeeping, phone bill on and i tick the box every month i have paid that.
i know how much my outgoings each month are that way and i know how much i will have left for petrol, food, going out etc after that.
easiest way to save IMO.
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Half Pint
Member
Registered: 25th Mar 02
User status: Offline
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I just put £1300 away a month and the rest is mine to spend after the bills come out.
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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I just live and buy what I want but very very rarely spend ALL my wages in a week, cause im not spending it all il look at my current accound ballance and think shit theres loads in there and il draw 500 - a grand out and bank it, as a guide I dont like having more than a grand in my current account
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MikeE
Member
Registered: 7th Mar 03
Location: Milton Keynes
User status: Offline
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quote:
Originally posted by mattk
I just live and buy what I want but very very rarely spend ALL my wages in a week, cause im not spending it all il look at my current accound ballance and think shit theres loads in there and il draw 500 - a grand out and bank it, as a guide I dont like having more than a grand in my current account
£200 a day man now 
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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 nahhh I wish
the blokes I work with are, Im on the JIB`s training year rate £10.40 per hr
bonus is the same as theirs though 
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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I just go with whatever happens....no set routine, im always saving though!!
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Ive been told once im qualified I could start working abroad on £650 + expences a day but id have no life to spend the money on!!
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Known Incomings
Less known outgoings
Its not hard 
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BigSte
Member
Registered: 27th Aug 02
Location: Sheffield
User status: Offline
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I'm really sad....I've got mine in a spreadsheet which I use every month.... it basically shows my income, less all my bills..... estimates for food and petrol.
I then leave us some spends for the month for random stuff like clothes and going out and the remainder goes into my savings account!
My family and friends laugh at me for how I manage my money and how complex my spreadsheet is with future forecasts and reconciliations but I like to know how much (to the penny) I have
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Even sadder... I use Microsoft Money
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jamesw
Member
Registered: 28th Jun 02
Location: Station Town, County Durham
User status: Offline
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MS Money FTW!
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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I've alwasy been quite good with money and saving; he missus isn't as good.
However every month we pay £750 each into our joint account on payday. This account pays all of our bills and motgage which come to about £850.00 a month atm; so every month the amount grows by £650.
We then use this money for the renovation costs and use it to save for bigger items like bathrooms/kitchens/extensions etc
I manage to save about £500-£600 on top of that per month which normally goes straight onto the renovations
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by BigSte
I'm really sad....I've got mine in a spreadsheet which I use every month.... it basically shows my income, less all my bills..... estimates for food and petrol.
I then leave us some spends for the month for random stuff like clothes and going out and the remainder goes into my savings account!
My family and friends laugh at me for how I manage my money and how complex my spreadsheet is with future forecasts and reconciliations but I like to know how much (to the penny) I have
I'm not quite up to it on future forecasts or whatever, but I do have a spreadsheet
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BigSte
Member
Registered: 27th Aug 02
Location: Sheffield
User status: Offline
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quote:
Originally posted by Robbo
Even sadder... I use Microsoft Money
How the hell have I never heard of MS Money???? I NEED THIS APPLICATION!
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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It rocks 
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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I have two jobs. I am free to spend what comes in on my main job, then save everything from the other a job. Nearly 3k left saved now, less my care insurance (1k)
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