I thought, seeing as it’s Christmas, I would post a useful and thought provoking post. You’re probably going to laugh at me.

It always amazes me how people can still be so immature when it comes to money… we’re in the middle of a double-dip recession after all.

I soon realized after becoming a car owner that I would be required to start saving. I made some right decisions (thanking my Parents) and I’m now in full time employment. I knew what I wanted to do with life, and stuck with it. Enough of that though, and back to the saving.

I have 3 bank accounts.

1. Current Account (direct debits, car insurance, phone bill,every day expenses).
2. e-Savings (online-only, general savings with higher interest, backup for expenses that can’t be paid from Current. Saving for ‘goodies’. ).
3. e-ISA (£5,000 annual deposit limit tax-free, reasonable interest level).

I have a standing order which deposits equal amounts into both e-Saving and e-ISA accounts monthly, before I see it. Salary gets paid, money goes into savings, I don’t need to worry.

The e-ISA is a  deposit only account (money goes in but doesn’t leave). Saving for deposit on a house or something like that. You laughing yet? Thought so…

I’ll remind you that I’m 22… who’s laughing now.

Merry Christmas.