Savings account

[phantomtek]

[Itchy]

more to do with the same buttons as lottery , putting money in loses you money not in the normal sense but in the inflationary sense .

And the fact that its a piss cheap way for the government to borrow money to opress us ...... (think about it it gives you 2.3% used to provide prize money the gov can just slink off to ING and get 4.5% or even lend it to a starving african nation at 900% and cream to profits off from the top).
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Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.

[McJamweasel]

[numark1]

I have a saving account with my grandpa so does my sister and 2 cousins. We have 5,000 each in northen rock accounts but were aren't supposed to know about it and we aren't being given it until we are 21.

I think thats because most of my family are still living in the old times where 21 is classed as an adult not 18. (anyway i would have spent it on crap if i had it last year, can put it towards a nice audi a3 when i come out of uni)

[anders]

Please use it for when you go to university...
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Call me Mr. Blobby

[phantomtek]

[anders]

Excuse me the university it not a "waste" of money and I am sure you will require it, especially if you will request to take your bike to uni...

I am supporting you.
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Call me Mr. Blobby

[Rookie]

[phantomtek]

[cagiva gezzer]

Whack it in PB's, forget about it. You might win, you might not. The interest paid on high street accounts isn't worth the hassle.

Got £700~ in PB's, it's staying there until I need a deposit on a house.

No, I haven't won, but I haven't lost.
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"because one stroke isnt enough and four strokes waste two"

[phantomtek]

[numark1]

[Itchy]

[Itchy]

to Phanny

Use a loan instead of your savings? , thats what your savings are for its for when you need to spend something ,

Unless you intend never to pay back your student loans (I don't mean abscond I mean never earn more than 21K Pa for life since you pay so little back under this amount that effectively you never pay it off and it is written off before you could ever hope to pay it off (40 years).
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Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.

[Itchy]

[Black Knight]

How much you got Joe?

These 'high interest' account and Isa's are pretty shite if you ask me. I imagine the maximum you'll get is 5%. so on a grand of your money, you'll get £50 after a YEAR! Thats a con if I ever saw one!


Firstly, i'd clear any debts,

Sencondly buy something real nice for yourself,

Last but not least, get down the casino!
Those 2p machines are awesome!
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Where does a turn end? 'Where you can do anything with the gas you want to, where you are brave again, where your attention is free from the turn, where you are sure you can do it better next time; that's the end' - Keith Code.

[Ahmato_]

[McJamweasel]

[numark1]

[Dazbo666]

Personally, bought my 1st car out of mine (a D-reg Peugeot 309)
I had very little money, and apparently even less common sense at the time haha

...and it's taken me waaay too many years to leave the cage behind me and get on to 2 wheels
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1st bike (Sept'06 - May'10) : 1991 GPZ500S / Current bike (since Nov 2009) : 2003 Suzuki Bandit 600N
Word of the day : DILLIGAF

[stinkwheel]

Another vote for premium bonds. I bought quite a few. With smaller amounts it is a bit hit or miss, with larger amounts it gives quite a good return and is tax free.

You can get your money back at any time but it is a wee bit of a hassle (you request it back and they post out a cash warrant which you then put in the bank. Takes a few days.). I take this as a good thing, enforces planning and discourages 'spur of the moment' purchases.

I worked out that with 10,000 I should come up with a win every other month (usually £50 but I had a £200 recently). So, your thousand pounds should give you a win at least every year. I signed a form that means they take any winnings and buy more premium bonds with them, essentially compounds the 'interest'.

It is a gamble that said, you are gambling the interest. You might own them for ages and have nothing come up. There again, always the chance of the big one.

You can have up to £30,000 in premium bonds.
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[phantomtek]

[stinkwheel]

Just checked my calculations, I'm a bit out:

24,000 to 1 odds of winning. So with 1,000 bonds, you should win one in 24 draws. My mistake, it's getting late and I'm guilty of excessive rounding.

I had worked out that I should win once every 2.4 draws and rounded it to 2 in my head

Remember, you might not win anything at all.
____________________
“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[phantomtek]

[thx1138]

I had £150 from Liverpool Life Insurance when I was 16. I wasted it on new clothes for work. I should have got mashed instead, but I didn't discover soft drugs until I was almost 19.