Spend or Save?


(Simmy) #1

When your money comes in every month/bi monthly, do you aim to save any of it, or do you like to spend it all ?

Personally i like to save about £50 each month


#2

I always aim to save ! Not always successful though ha !


(Jack) #3

Likewise I try to save as much as I can at current. Building up a deposit for a house :house:

Although I still feel I keep back enough to enjoy myself.

I’m quite lucky as I have a very low committed spend.


(Andre Borie) #4

Spend. Spend EVERYTHING!


#5

Single big spender or daily impulse spending?!


(Andre Borie) #6

I’d say both. My daily spend is usually around 100£ or so and then there’s the occasional big purchase when I walk by a shop I like.


(Dan D) #7

Save! Sound boring don’t I :joy: As soon as I get paid I put as much as I think I can get away with in a pot. A lot less tempted when it’s not showing in balance in home screen. Cheapskate day to day, save for the luxuries.


(Customer of Lloyds Banking Group, plc) #8

Phew! Thought I was the only one here that does that :joy:


( surohpotsirhC - The thinking man's Troll) #9

Impressive spending.


(Alex Sherwood) #11

My bar chart is bigger than yours.


(Andre Borie) #12

The bigger the merrier. Just make sure the red bar is taller than the green one. You don’t want to be saving money do you? That’d be boring. :joy:


((╯°□°)╯︵ ┻━┻) #13

I have credit cards and a bit of money set aside for unexpected bills so I don’t save. I work hard so like to spend my money and enjoy it, you can’t take it with you when you leave this life :face_with_monocle:


(Tony) #14

It’s incredibly vulgar to brag about spending thousands per month. Just saying.


#15

I try and save as much as I can each month. It’s definitely been easier since I started using Monzo. Every time I get my payday notification I move as much as I can afford into a savings pot. Then I’ll invest a small amount from there every now and then or plonk some in an ISA. It’s made me a lot more proactive about that sorta stuff, just because it’s so easy to do and clearer where my money is.

Automatic weekly saving through Moneybox has helped too. I don’t even have to think about that and the amount per week is small enough not to be noticeable.

Saving makes me feel fuzzy inside - it’s comforting to have a safety net, but I think it’s important to save towards something nice every now and then too.


(Phil) #16

Saving is my priority.

Budget is based on essentials, groceries, minimum eating/drinking out, then saving; and saving to the max.


(Cheryl) #17

A bit of both. I try to save. There are a lot of things that I would like to buy as bigger purchases, but saving is slow progress. And honestly, I’m not scrimping and saving every penny because spending often ends up higher priority.

I have a budget. Every time I’m paid I check my budget, and any money left over goes into a pot. Just before my next payday, I move what’s in the pot to a separate savings account that’s harder to access. Along with anything left over by the time my next payday rolls around. Sometimes I’ll squirrel it away more frequently if I know I won’t need it, just to lock it up.

But usually there’s not a lot to put away, if anything, because I always think of things I want to buy first.

Still, something is better than nothing! I try to find balance. There are things I really want but not at the expense of living the life I want now. I don’t know how long it will last, after all!


(Jack) #18

The more I read about people saving the idea of sweeping remaining funds into a savings account before pay day sounds like a great idea


(Andy) #19

This is what I do the night before Pay day, just sweep everything out. With plum integration I’m hoping this will do it for me during the month and save even more!


(Jack) #20

I’ll start to do this. Hopefully automattic one day :fast_forward:


(Change Works) #21

It’s going to be a huge shock to an awful lot of people of that turns out not to be true :scream: