For the last 3 years i have done the following. On the first Monday of the year i save a £1, £2 on the Tuesdays, £3 on the Wednesday, etc till i do £7 on the sunday. Then i start £1 on the monday, £2 on the Tuesday - etc. By the end of the year i have £1456 that i have not missed - it's a Christmas bonus. I manually do this as a reminder of the importance of saving - takes me about 2 mins a day.
That's the easiest method, I get lost off with random amounts. If it's the same daily amount makes it so much easier. I might pay myself £28 every Monday.
Thanks for sharing such helpful tips, Andy! Your advice on saving and managing money is great. This is definitely a channel to follow for more useful content like this. Keep up the good work! 💲💰💲
I use a credit card for all my purchases during the month. At the end of the month I get paid, then mortgage etc comes out, I pay the card off in full and what’s leftover I manually transfer to a top rate savings account. Seems the easiest way to me but I enjoyed the video going through various options. I think a lot comes down to willpower and how likely you are ti be tempted to spend your money.
For the last 3 years i have done the following. On the first Monday of the year i save a £1, £2 on the Tuesdays, £3 on the Wednesday, etc till i do £7 on the sunday. Then i start £1 on the monday, £2 on the Tuesday - etc. By the end of the year i have £1456 that i have not missed - it's a Christmas bonus. I manually do this as a reminder of the importance of saving - takes me about 2 mins a day.
That's a great habit to have!
I've done the same but I started in March until February the following year to save towards paying my Council Tax in one lump sum.
@@samanthahardy9903 Nice one. At least one bill not to concern yourself with throughout the year.
That's the easiest method, I get lost off with random amounts. If it's the same daily amount makes it so much easier. I might pay myself £28 every Monday.
Hi Andy, 👋 Greetings from USA. Thanks for sharing valuable info. I'm trying the envelopes challenge of $5,050. Have a great week. 🇺🇸 👍
Good luck!
Compound Effect is best
We start with 1p on New Year’s Day then 2nd Jan 2p do doubling each day. Gives you a small fortune on 31 Dec - Awesome 👏
Thanks for sharing such helpful tips, Andy! Your advice on saving and managing money is great. This is definitely a channel to follow for more useful content like this. Keep up the good work! 💲💰💲
I use a credit card for all my purchases during the month. At the end of the month I get paid, then mortgage etc comes out, I pay the card off in full and what’s leftover I manually transfer to a top rate savings account. Seems the easiest way to me but I enjoyed the video going through various options. I think a lot comes down to willpower and how likely you are ti be tempted to spend your money.
I do my own trackers for my savings challenges but also use Plum, Monzo plus I do have a S/O for PYF.
Sounds like a good mix!
Iv got a part time job that pays money into an account and I save up for Christmas
WOW, what an absolutely fantastic idea.
Hi
Great video
I have a Monzo account I do the is £1 a day challenge
Yes profit firsts !!!
FYI opening a Monzo account messes with your credit score!!!!!
Only if you also apply for an overdraft
@@BeCleverWithYourCash I didn't, it's their free most basic account. That's why it was even more confusing and maddening.
New subscriber here.
Great video.
Sorry if this is a really stupid question but can I have two current accounts and more than one saving account (with different providers)?
Not a stupid question at all. And yes you can have multiple current and savings accounts across any number of providers
Hi Andy! How soon after switching (to claim a switch bonus) can I switch again or close that account? Thanks!
Pretty much once you've got the bonus you can switch again - unless the account offer specifically states you must stay for a set time.
You guys on Spotify?
I'm waiting for someone to suggest a challenge where you save 1p in week 1, then 2p on week 2, the 4p on week 3 etc. So doubling each time...😉
You just did!
Hi Andy watched your viedo need your advice don't know if I should save up money notes or change in an envelope want to start envelope challenge.
And Monzo pays you interest
Oh cool. Saving is nice. But have you tried making more money?
A mix of the two is always good!
How to save
The end numbers on your bank account every day transfer it into a savers account so of you have £236.50 transfer the £6.50