I have literally just left sixth form (finished on monday!!) and since im going on a gap year, i want to have a savings account for uni. i dont know what any of it means??
i've been applying to a bunch of jobs, and have some interviews lined up, so before i start working properly, (i have a job already but im working like only 6 hours a week TT), i want to know where im going to put my money so i can start saving.
I am terrible with money, like i cannot save money at all, and if i have a savings account i can go into at any time, im worried i will just spend it all.. so im thinking, i could have 2 savings accounts? After looking at all the types, would it be a good idea to have an instant access saver, with lower interest rates, that i can save for short term purchases, and then a fixed-rate savings, with a higher interest rate, for longer term uni savings? the problem is, i would have to have one with a smaller minimum deposit, as i doubt even with a full time job, i will be earning that much money as i am 18 with little experience.
Idk if this is a good idea to have multiple accounts, and i dont really know what other people do as i have never really had to organise my money that much.
I also want to have some tips for self restraint, every time i try saving for something i want, i always spend the money on stupid stuff. I think not being able to go out as much( because 1. all of my friends are at uni 2. i live in the middle of nowhere so have to walk 20 mins to the bus stop as i cant drive, and there are only 2 buses a day and 3. if i have more shifts, i cant go out in the week) would help, as i cant spend my money on food when i go out, but online shopping is still a problem for me.
i am currently with nationwide, and would prefer to stay with them for organisation, but i am also looking to switch to a current account, as my current account is only for under 21s...
basically what im asking is
1. is having 2 savings accounts a good idea, and if not, what should i do
2. how to i restrain making lots of small stupid purchases
3. what are good banks that i can have a current accounts and savings at the same time...
and 4. does anyone have any other advice for me for organising my finances so im not super unprepared money-wise for uni
Thank youuuu