Those aged 21-25, how much have you saved?
Watch this thread
accno1
Badges:
12
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#1
Basically, I'm trying to find out what to do with my savings and whether there are any out there also saving big when young.
I decided to move home after uni. Family home is in London, cannot see any reason to move out other than for freedom. Unfortunately, unlike many others, I don't value freedom at £8-10,000 a year.
But those who have graduated, what are yo doing with what you are saving? Are you just keeping it in the bank? Help to buy ISA? Investing?
Would be good to get a discussion going.
I decided to move home after uni. Family home is in London, cannot see any reason to move out other than for freedom. Unfortunately, unlike many others, I don't value freedom at £8-10,000 a year.
But those who have graduated, what are yo doing with what you are saving? Are you just keeping it in the bank? Help to buy ISA? Investing?
Would be good to get a discussion going.
0
reply
Maid Marian
Badges:
20
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#2
accno1
Badges:
12
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#3
Interest rates are just so depressing and there's nothing to help savers these days. So frustrating how consumption, debt and overspending is rewarded but savers are getting no help whatsoever
2
reply
Manitude
Badges:
20
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#4
Report
#4
About £8k depending on what you call savings versus money in my current account. Not sure what I'm going to do with it yet. At some point I'd like to buy a car (after getting my licence) but I may need the money to live off when my PhD funding runs out. The rest I guess will go on a house deposit whenever I have a stable job.
Currently my money is spread between a low interest ISA (need to sort that out) and a current account. I do plan to open a help-to-buy account and then transfer it to the lifelong government ISA when they come into effect. I may also look into a stocks and shares account and investing some into the stock market, but only an amount I can afford to lose completely.
Currently my money is spread between a low interest ISA (need to sort that out) and a current account. I do plan to open a help-to-buy account and then transfer it to the lifelong government ISA when they come into effect. I may also look into a stocks and shares account and investing some into the stock market, but only an amount I can afford to lose completely.
0
reply
Friar Chris
Badges:
19
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#5
Report
#5
I have some savings I've accumulated just in the last 8 months, but they're just sat in my current account. Not sure what I should put them in

0
reply
Maid Marian
Badges:
20
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#6
Report
#6
(Original post by accno1)
that's good.
Interest rates are just so depressing and there's nothing to help savers these days. So frustrating how consumption, debt and overspending is rewarded but savers are getting no help whatsoever
that's good.
Interest rates are just so depressing and there's nothing to help savers these days. So frustrating how consumption, debt and overspending is rewarded but savers are getting no help whatsoever
0
reply
Maid Marian
Badges:
20
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#7
Report
#7
(Original post by Friar Chris)
I have some savings I've accumulated just in the last 8 months, but they're just sat in my current account. Not sure what I should put them in
I have some savings I've accumulated just in the last 8 months, but they're just sat in my current account. Not sure what I should put them in

0
reply
claireestelle
Badges:
22
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#8
Report
#8
I have a fee current account, a monthly saver and yearly saver I ve spread 10 k across and transfer it between them monthly to make the most of interest rates as it's worthless left in an isa really.
0
reply
Anon07079191
Badges:
7
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#9
Report
#9
~£60k (I'm 24 and live at home now, so at the upper end of your interval)
Santander 123 is 3% interest up to £20k so that's full up and decent considering current interest rates.
TSB classic account is 5% on the first £2k.
Rest is in ISAs and a little bit in Help to Buy ISAs.
Sad thing is £60k is nothing when you're trying to buy a house in Greater London.
Keep saving, you'll need it!
Santander 123 is 3% interest up to £20k so that's full up and decent considering current interest rates.
TSB classic account is 5% on the first £2k.
Rest is in ISAs and a little bit in Help to Buy ISAs.
Sad thing is £60k is nothing when you're trying to buy a house in Greater London.
Keep saving, you'll need it!
1
reply
Maid Marian
Badges:
20
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#10
Report
#10
(Original post by claireestelle)
I have a fee current account, a monthly saver and yearly saver I ve spread 10 k across and transfer it between them monthly to make the most of interest rates as it's worthless left in an isa really.
I have a fee current account, a monthly saver and yearly saver I ve spread 10 k across and transfer it between them monthly to make the most of interest rates as it's worthless left in an isa really.
2
reply
Anon07079191
Badges:
7
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#11
Report
#11
(Original post by littlenorthernlass)
On the other hand, at least the interest rates for housebuying will be low too!
On the other hand, at least the interest rates for housebuying will be low too!
0
reply
Maid Marian
Badges:
20
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#12
Report
#12
(Original post by Anon07079191)
~£60k (I'm 24 and live at home now, so at the upper end of your interval)
Santander 123 is 3% interest up to £20k so that's full up and decent considering current interest rates.
TSB classic account is 5% on the first £2k.
Rest is in ISAs and a little bit in Help to Buy ISAs.
Sad thing is £60k is nothing when you're trying to buy a house in Greater London.
Keep saving, you'll need it!
~£60k (I'm 24 and live at home now, so at the upper end of your interval)
Santander 123 is 3% interest up to £20k so that's full up and decent considering current interest rates.
TSB classic account is 5% on the first £2k.
Rest is in ISAs and a little bit in Help to Buy ISAs.
Sad thing is £60k is nothing when you're trying to buy a house in Greater London.
Keep saving, you'll need it!

I tried to get the Santander 123, but I got rejected by them


1
reply
Anon07079191
Badges:
7
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#13
Report
#13
(Original post by littlenorthernlass)
Don't you find that a nuisance?
Don't you find that a nuisance?
0
reply
SophieSmall
Badges:
21
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#14
Report
#14
Not graduated yet but have nearly 3k in savings which I've accumulated over the past couple of years.
Those savings are emergency money to fall back on and then eventually will be saving more serious amount of money for a house deposit.
Those savings are emergency money to fall back on and then eventually will be saving more serious amount of money for a house deposit.
0
reply
claireestelle
Badges:
22
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#15
Report
#15
(Original post by littlenorthernlass)
Don't you find that a nuisance?
Don't you find that a nuisance?
1
reply
claireestelle
Badges:
22
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#16
Report
#16
(Original post by Anon07079191)
Probably by standing orders. I do the same!
Probably by standing orders. I do the same!

0
reply
Emma:-)
Badges:
19
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#17
Report
#17
(Original post by accno1)
Basically, I'm trying to find out what to do with my savings and whether there are any out there also saving big when young.
I decided to move home after uni. Family home is in London, cannot see any reason to move out other than for freedom. Unfortunately, unlike many others, I don't value freedom at £8-10,000 a year.
But those who have graduated, what are yo doing with what you are saving? Are you just keeping it in the bank? Help to buy ISA? Investing?
Would be good to get a discussion going.
Basically, I'm trying to find out what to do with my savings and whether there are any out there also saving big when young.
I decided to move home after uni. Family home is in London, cannot see any reason to move out other than for freedom. Unfortunately, unlike many others, I don't value freedom at £8-10,000 a year.
But those who have graduated, what are yo doing with what you are saving? Are you just keeping it in the bank? Help to buy ISA? Investing?
Would be good to get a discussion going.
Ive got in in a couple of ISA's and a savings account.
0
reply
cherryred90s
Badges:
20
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#18
Maid Marian
Badges:
20
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#19
Report
#19
(Original post by Emma:-))
Ive saved £35,000.
Ive got in in a couple of ISA's and a savings account.
Ive saved £35,000.
Ive got in in a couple of ISA's and a savings account.

0
reply
Emma:-)
Badges:
19
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#20
X
Quick Reply
Back
to top
to top