Tagged: budgeting, digital apps, goals, saving

This topic contains 1 reply, has 2 voices, and was last updated by Lisa 4 years, 11 months ago.

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20th December 2019 at 2:08 pm #79

GMC Admin
Keymaster

I’ve recently started using Starling, an app-based bank, which lets you create savings goals (there are others that do the same now, incidentally, but this is the one I have chosen to use). I decided to get really micro about all the things I probably need to save for but up to now, have chosen to just try to manage from my take-home pay, and it was a revelation. I now have four short-term jars set up: boys’ birthdays, holidays, Christmas 2020 and “emergency fund” (that last one is a savings jar made up of my spending ’round-ups’). The revelation is being able to visualise each jar clearly, every day if I want to on my phone, and to check in on my progress towards targets. This simple process has made me a lot more focused.

5th January 2020 at 1:53 pm #105

Lisa
Participant

This sounds like one for my 2020 money to do list! I recently moved house and into rented so know one day in the not too distant future I am going to have furnish a house again. As much as I will look to use freecycle and similar sites there will be a couple of ‘new’ must haves that must be paid for – like beds!
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