How To Use The Drip Feed Method For Saving

Подписаться 3,1 тыс.

50% 1

This is not financial advice. This is a method I have used for a long time, based on advice I have seen here there and everywhere.
You can donate to my RU-vid channel here via Kofi: ko-fi.com/falc...
Or here via Paypal: www.paypal.com...
Check out my business here via Shopify: www.falcieridesigns.uk
And my business RU-vid channel here: / @falcieridesigns
You can buy my book here via Paypal: crinkumcrankum...
Or here on Etsy: www.etsy.com/u...
Here’s a link to my Etsy store where I sell my Dad’s tools and things: www.etsy.com/u...
And a link to my Vinted shop: www.vinted.co....

Опубликовано:

13 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 13

@oneviewcornwall8200 Месяц назад

Nice to see you, I'm guessing at your parents' home - well done for your channel almost 3k subscribers 🎉

@redridinghood8038 Месяц назад

Useful tips, thank you :)

@workinprogresssince1974 Месяц назад

Glad it was helpful!

@jod7375 Месяц назад

How can you be on uc with so many savings accounts 🤔

@steve6375 Месяц назад

You are allowed up to 16k of savings to qualify. Savings above £6,000 are treated as if they give you a monthly income of £4.35 for each £250

@workinprogresssince1974 Месяц назад

If you watch my other UC vlogs in the Universal Credit playlist, I do explain it a number of times. I am on the start up year on the managed migration.

@alanjones8579 Месяц назад

Will you be my investment advisor 😊

@workinprogresssince1974 Месяц назад

Ha ha. I do my best to make some sense. :)

@alanjones8579 Месяц назад

What do you think of premium bonds? I can't make my mind up🤔@@workinprogresssince1974

@workinprogresssince1974 Месяц назад

I think it's a waste of time. I had some bought for me when I was born and in 50 years my number has never come up. :/

@crazyaboutmagazines Месяц назад

imho some of those drip feeds don't pay the best rates. If you have the Halifax one, you can deposit £250 max a month, but after a year (paying in a max of £3000) you only get interest of £82. It's best to put the full £3000 (if you have it all available initially) into a 5.5% paying account for the whole year where you would get double the amount of interest.

@workinprogresssince1974 Месяц назад

Yes, but there's nothing else out there. I'm maxed out on what's available to me at the moment. I am taking what I can with fixed rates before interest potentially drops in September. At least I will still get those interest rates if things change. Leaving that money sitting around in a 4.90% easy access account for the next year really isn't better and I don't have those sorts of big chunks of cash to lock away for a year right now. I'm getting low on easy access funds. Drip feeding gives me protection and I can stop the payments if I run into financial issues. I'm playing it cautious because I don't want to lock all the money away and then find I have nothing to cover me if something should happen.