Author Topic: Personal Finance Thread  (Read 28842 times)

jdm0301, Sergio, Papavasiliou, Slim, Anderson, farfrompuken (+ 1 Hidden) and 1 Guest are viewing this topic.

Offline lovejoy

  • Sholagol really...
  • General Member
Personal Finance Thread
« on: Friday 2 March 2018, 07:55:55 PM »
mods please delete/merge if there is already one of these threads, but thought it would be good to have somewhere to discuss personal finance tips on managing money, savings, maybe some investments in stocks etc, that kind of thing.

we've just came back from holiday and have decided we need to be better with money, we both earn decent enough cash but never seem to be able to build much of a savings pot, we don't do badly in terms of holidays etc, but we seem to waste money and aren't the best at budgeting/saving etc and owed like to improve.

does anyone use any apps or spreadsheets to among personal spends/create savings goals etc (i think some banks offer this but we have very basic co-op accounts and they don't, sadly).




chopey

  • Guest
Re: Personal Finance Thread
« Reply #1 on: Friday 2 March 2018, 07:59:47 PM »
Save 10% of what you bring in ...................sorted.

Offline Ameritoon

  • General Member
Re: Personal Finance Thread
« Reply #2 on: Friday 2 March 2018, 08:02:34 PM »
Digit is a great app for saving for specific things (not retirement, basically). Not sure if it's available in the UK

Offline lovejoy

  • Sholagol really...
  • General Member
Re: Personal Finance Thread
« Reply #3 on: Friday 2 March 2018, 08:25:57 PM »
Digit is a great app for saving for specific things (not retirement, basically). Not sure if it's available in the UK

thanks i'll have a look at that.

Online neesy111

  • General Member
Re: Personal Finance Thread
« Reply #4 on: Friday 2 March 2018, 08:31:52 PM »
Digit is a great app for saving for specific things (not retirement, basically). Not sure if it's available in the UK

thanks i'll have a look at that.

Chip is similar and available in the UK.

Offline LoveItIfWeBeatU

  • General Member
Re: Personal Finance Thread
« Reply #5 on: Friday 2 March 2018, 08:33:32 PM »
Thier is not a word. "Their" is the correct spelling.

Win, Lose or Draw. NOT "Loose"!

Online TheHoob

  • General Member
Re: Personal Finance Thread
« Reply #6 on: Friday 2 March 2018, 08:56:13 PM »
If anyone works away Hans is your man.

firetotheworks

  • Guest
Re: Personal Finance Thread
« Reply #7 on: Friday 2 March 2018, 09:14:55 PM »
I'm not very good with money, but one thing I've finally stopped is buying my lunch when I'm at work. I was spending around £75 - £100 a month just on s**** from Tesco.

Offline lovejoy

  • Sholagol really...
  • General Member
Re: Personal Finance Thread
« Reply #8 on: Friday 2 March 2018, 09:58:55 PM »
I'm not very good with money, but one thing I've finally stopped is buying my lunch when I'm at work. I was spending around £75 - £100 a month just on s**** from Tesco.

I reckon I spend double Mate, no joke. £10 a day on cafe food easy. Ridiculous really.


Offline lovejoy

  • Sholagol really...
  • General Member
Re: Personal Finance Thread
« Reply #9 on: Friday 2 March 2018, 09:59:24 PM »
Digit is a great app for saving for specific things (not retirement, basically). Not sure if it's available in the UK

thanks i'll have a look at that.

Chip is similar and available in the UK.

Great, I’ll try this out

Offline newsted

  • General Member
  • Newcastle upon Tyne, UK
Re: Personal Finance Thread
« Reply #10 on: Friday 2 March 2018, 10:30:49 PM »
mods please delete/merge if there is already one of these threads, but thought it would be good to have somewhere to discuss personal finance tips on managing money, savings, maybe some investments in stocks etc, that kind of thing.

we've just came back from holiday and have decided we need to be better with money, we both earn decent enough cash but never seem to be able to build much of a savings pot, we don't do badly in terms of holidays etc, but we seem to waste money and aren't the best at budgeting/saving etc and owed like to improve.

does anyone use any apps or spreadsheets to among personal spends/create savings goals etc (i think some banks offer this but we have very basic co-op accounts and they don't, sadly).





Mate, I'm right here. PM.
:) As you were.

Offline Troll

  • Book Wanker
  • General Member
Re: Personal Finance Thread
« Reply #11 on: Saturday 3 March 2018, 12:32:37 AM »
I'm not very good with money, but one thing I've finally stopped is buying my lunch when I'm at work. I was spending around £75 - £100 a month just on s**** from Tesco.

I'm the opposite.  Used to bring my own lunch when the only option was a Tesco meal deal or university canteen, but in the US I probably spend about $20 a day on coffee/lunch.  I know it's a waste but tacos.

Offline madras

  • Philosoraptor
  • General Member
Re: Personal Finance Thread
« Reply #12 on: Saturday 3 March 2018, 12:43:25 AM »
I'm not very good with money, but one thing I've finally stopped is buying my lunch when I'm at work. I was spending around £75 - £100 a month just on s**** from Tesco.
It's a killer. Once you spend on lunch etc you just spend for the sake of it. Love weeks when I end with the same amount of money in my wallet as I started. (Naturally family shopping and stuff aint included).
Bullshitters misrepresent themselves to their audience not as liars do, that is, by deliberately making false claims about what is true. In fact, bullshit need not be untrue at all.

Rather, bullshitters seek to convey a certain impression of themselves without being concerned about whether anything at all is true. They quietly change the rules governing their end of the conversation so that claims about truth and falsity are irrelevant.

Offline Troll

  • Book Wanker
  • General Member
Re: Personal Finance Thread
« Reply #13 on: Saturday 3 March 2018, 01:11:24 AM »
Can't be f***ed with proper budgeting, so I try and stick to the 50/30/20 plan.  50% of your takehome goes towards essentials (food, rent, bills, etc), 30% for non-essentials, and 20% for savings/debt.  As long as your rent isn't eating up your entire paycheck it gives you enough to live comfortably whilst still putting a decent amount towards a mortgage deposit or retirement.

Offline PCW1983

  • General Member
  • I love my b****** dog.
Re: Personal Finance Thread
« Reply #14 on: Saturday 3 March 2018, 07:29:42 PM »
mods please delete/merge if there is already one of these threads, but thought it would be good to have somewhere to discuss personal finance tips on managing money, savings, maybe some investments in stocks etc, that kind of thing.

we've just came back from holiday and have decided we need to be better with money, we both earn decent enough cash but never seem to be able to build much of a savings pot, we don't do badly in terms of holidays etc, but we seem to waste money and aren't the best at budgeting/saving etc and owed like to improve.

does anyone use any apps or spreadsheets to among personal spends/create savings goals etc (i think some banks offer this but we have very basic co-op accounts and they don't, sadly).





Read Rich Dad, Poor Dad.  Done wonders for me.
Never give up - Winston Churchill

Online TheHoob

  • General Member
Re: Personal Finance Thread
« Reply #15 on: Saturday 3 March 2018, 09:31:03 PM »
One thing I did a while ago which was a bit of an eye opener was going through a few months worth of statements and totalling up where my money was going. I realise that’s something plenty of people do mind :lol: But it made me realise how much I was spunking on my lunches and coffees at work, as well as noticing daft habits that added up over the month but didn’t seem like much.

Offline lovejoy

  • Sholagol really...
  • General Member
Re: Personal Finance Thread
« Reply #16 on: Saturday 3 March 2018, 10:13:34 PM »
mods please delete/merge if there is already one of these threads, but thought it would be good to have somewhere to discuss personal finance tips on managing money, savings, maybe some investments in stocks etc, that kind of thing.

we've just came back from holiday and have decided we need to be better with money, we both earn decent enough cash but never seem to be able to build much of a savings pot, we don't do badly in terms of holidays etc, but we seem to waste money and aren't the best at budgeting/saving etc and owed like to improve.

does anyone use any apps or spreadsheets to among personal spends/create savings goals etc (i think some banks offer this but we have very basic co-op accounts and they don't, sadly).





Read Rich Dad, Poor Dad.  Done wonders for me.

I’m two thirds of the way through, some great lessons so far 👍🏼

Offline lovejoy

  • Sholagol really...
  • General Member
Re: Personal Finance Thread
« Reply #17 on: Saturday 17 March 2018, 04:21:42 PM »
does anyone invest in stocks and shares?

I'm waiting to put some money into them (like £50 a month), any recommendations on a broker for such small transactions?

Offline Bimpy474

  • General Member
Re: Personal Finance Thread
« Reply #18 on: Saturday 17 March 2018, 04:26:15 PM »
I've stuck £13,000 in premium bonds and won £200 back in a year, which is more than i would have got in a savings account, utterly ridiculous but.

Offline lovejoy

  • Sholagol really...
  • General Member
Re: Personal Finance Thread
« Reply #19 on: Saturday 17 March 2018, 04:32:03 PM »
I've stuck £13,000 in premium bonds and won £200 back in a year, which is more than i would have got in a savings account, utterly ridiculous but.

i've looked at premium bonds as an option, think i'll put a bit each month in there too tbh.

Offline Bimpy474

  • General Member
Re: Personal Finance Thread
« Reply #20 on: Saturday 17 March 2018, 04:34:32 PM »
I've stuck £13,000 in premium bonds and won £200 back in a year, which is more than i would have got in a savings account, utterly ridiculous but.

i've looked at premium bonds as an option, think i'll put a bit each month in there too tbh.

I've found it worthwhile, well if you win, but at least you lose nothing and the winnings are tax free.

Offline lovejoy

  • Sholagol really...
  • General Member
Re: Personal Finance Thread
« Reply #21 on: Saturday 17 March 2018, 04:42:06 PM »
I've stuck £13,000 in premium bonds and won £200 back in a year, which is more than i would have got in a savings account, utterly ridiculous but.

i've looked at premium bonds as an option, think i'll put a bit each month in there too tbh.

I've found it worthwhile, well if you win, but at least you lose nothing and the winnings are tax free.

thanks mate  O0

Offline newsted

  • General Member
  • Newcastle upon Tyne, UK
Re: Personal Finance Thread
« Reply #22 on: Saturday 17 March 2018, 05:07:44 PM »
does anyone invest in stocks and shares?

I'm waiting to put some money into them (like £50 a month), any recommendations on a broker for such small transactions?

Dude, I'm right here. PM, man. That's my job.
:) As you were.

Offline newsted

  • General Member
  • Newcastle upon Tyne, UK
Re: Personal Finance Thread
« Reply #23 on: Saturday 17 March 2018, 05:19:12 PM »
Oh, I already said that. As you were, then. :lol:
:) As you were.

Offline lovejoy

  • Sholagol really...
  • General Member
Re: Personal Finance Thread
« Reply #24 on: Saturday 17 March 2018, 05:42:44 PM »
Oh, I already said that. As you were, then. :lol:

I'm pretty sure i did pm you a couple of weeks ago, it was around the time the forum crashed, maybe you didn't get it?