On the first of each month the bank account I have chosen to put all the money in declares the interest I have. Now YES! I could have got more else where, but I need ready access to it, and can't be waiting for branches to open, or procedures to be followed if you have an emergency bill to pay. Can't tell someone demanding money to fix something, "Oh my bank only gives me money if I give them a weeks notice" or "They are open again Tuesday after the Bank Holiday"
Now I hope nothing like that does happen, but it does mean that I ain't getting the best rate, but it is the best rate for what I want it to do.
Novembers interest was only 7p, Decembers interest was 21p, people may snigger but every little helps, it shows that the money saved has grown. and this figure will increase each month.
This month I had hoped to reach a point where I was bring the average of the interest upwards, it's average had been 61p from the link below which takes you to the scores on the doors it is now 56p as I only got 35p interest this month. which is better than nowt.
The goal to hit projection is £4.16 a month average so I am far away from that at present. but first step is to get that average to go higher which may be difficult for February but I would be certain of it for March, then build up from there.
This is all just an indicator of how well things are going, the more money saved the greater the interest. It is much like measuring the green shoots of a plant in the spring.
All of this is part of the bigger picture which you can see by clicking the link below
Click this link to see how all the endeavours are helping to build towards the final goal.
No comments:
Post a Comment