28th June 2020

These posts were originally posted on the MoneySavingForums (a UK money management site), I am moving my journals across to WordPress to have them in chronological order. I’m not sure how much of other people’s words I’m allowed to copy across from one site to another, so in some sections I may summarise conversations.

Now I’ll start this post by acknowledging that it’s a bit of a 180° turnaround from my previous post. Last time I was worried about my moral responsibility to help others. This time I’m going to be ranting excitedly about something I’ve been saving up for. I do hold both of these opinions simultaneously  –  hence the confusion and dilemma.
~*~ 
I’ve been saving up since January for a celebratory Debt Free Whiskey, that’ll I’ll get to buy and enjoy next month. And I am so looking forward to this whiskey. Partly because debt free – but also because it tastes soooooo good it’s such a good tasting one and I’ve been saving up 6 months for it!
   
I cant often afford the savouring kind of alcohol (as I said, I’ve literally been saving 6 months for it) and this is for savouring and enjoying!
  
I’m hoping I might be able to start a tradition of savings up for a bottle of New Years Whiskey for myself, literally take 12 months to save up for it and toast the New Year. I don’t know if I’ll have time to save for Jan ’21, but I might not need to – I intend to treat this bottle of debt free whiskey with respect. There might be some left come New Year.
   
That being said it does feel ridiculously decadent to be spending £65 to £70 on Whiskey…  but I feel I’ve earned it, both through working to pay off my debt, and taking the time to save up for it. I’m not buying it on a whim and throwing it on the credit card anymore. 

In response to a commenter congratulating me on my progress and encouraging me to look to my own savings before I focus on charity

Thank you  😊  Its July I’ll officially become debt free but theres only £100 left right now
  
I do have a H2B ISA earning 0.75% and a savings account earning I think 0.1% and a staff bank account, which earns about 1% interest with no fee (specifically because I’m a member of bank staff) (but I think that 1% is about to drop to 0.6%) 
  
There are probably better accounts out there but because I’m still relatively new to budgeting I’m going for simplicity right now and I dont want 8 different accounts I have to juggle about every 6 months. On top of that – I dont have so much money that switching accounts is suddenly going to unlock vast amounts of interest for me. Even at the current 1% I’m earning less than £2 of interest per month, and I don’t think theres anywhere offering significantly above 1% right now.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s