I am trying to sort myself out financially following my BR - i'm budgeting for the first time in my life. I don't want to spend money that is meant for bills on food etc so I thought it would be a good idea to open another coop account so I can pay my bills from one and have the other for food/cats/clothes etc.
In my budget I have included for contents insurance / car insurance / holidays / birthdays etc.
I prefer to pay for contents and car insurance in a lump sum as it's cheaper. Will they let me save the £40 (or however much it is for both combined a month) in an account so when it comes to renewal time I have a lump sum there? This is the cheaper option after all? Or will they think I have an excess and demand more from me a month?
Sorry for waffling and being too wordy!
Many thanks
Charlotte
PS. Have a good weekend
Finally got head out of sand in October 2010 BR March 2011
You will have a monthly allowance for things like insurances, car tax etc and it's down to you whether you save these and pay yearly or pay monthly by direct debit.
You will have a monthly allowance for things like insurances, car tax etc and it's down to you whether you save these and pay yearly or pay monthly by direct debit.
'Savings' bank account
Posted - 15 April 2011 : 23:36:42
