Fill Your ISA Every Year!

SilentWriter By SilentWriter, 27th Jan 2012 | Follow this author | RSS Feed
Posted in Wikinut>Money>Saving

How to ensure that you can make enough money to fill your ISA every year.

Filling Your ISA.

If you’re trying to save money at the moment, then you should probably try to look into getting an ISA. In these, you are allowed to save a small amount of money each year completely tax free. This is currently just over £5,000, however it rises each year in accordance to inflation. However, a lot of people aren’t in the right position to be able to spare this amount of money from their wages, and this means that they need to think about other ways in which they could make this amount of money. This article will talk about a few of the ways that you would be able to do this.

Save your change. If you look through all of your pockets and bags, you should be able to find a lot more change than you might expect. In addition to this, you often get change in shops which you never spend; a lot of it even gets dropped on the floor. If you collect it, and then count it once every six months, you should find that you have enough to put some in the bank. This can go straight into your ISA and start earning some interest for you.

Once a year, you should have a clearout of your house and sell everything that you no longer need on the internet. In the past, I have done this and have found that I’ve been able to make at least a couple of hundred pounds within the space of the week that I have been listing things on the internet.

Change your eating habits. If you constantly spend too much money on food, try lowering everything that you buy by one brand. You could save at least £30 a week for a couple, and even more if you have a larger family. This is £120 a month, and can add up to a rather large amount over the course of an entire year.

If your family and friends are always asking you what you want for your birthday or Christmas, ask them for vouchers for stores that you use regularly. This way, they still feel as though they’re getting you a decent gift, and you will be able to put the cash equivilent of each one into your ISA account. If you normally receive a couple of hundred pounds of presents, this is a really good amount to add to your ISA.

When you’ve saved each little bit of money, you should make sure that it goes straight into your ISA. If you don’t do this, it might be too easy for it to just get eaten up in day to day expenses like everything else.

Hopefully, if you put some of these tips into action, you should be able to make enough money to fill your entire ISA allowance each tax year.


Advice, Help, Internet, Isa, Money, Online, Saving, Tips

Meet the author

author avatar SilentWriter
I am a 21 year old girl doing a degree in Psychology :-).

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