Is it possible to do the following....

Is it possible to do the following....

Author
Discussion

Superstylin'

Original Poster:

357 posts

187 months

Thursday 4th June 2009
quotequote all
Is it possible for me to set up one account which my pay will go into each month then £1500 goes into a savings account and £500 goes in to my mum's and i'm left with whatever in the current account?

I'm pretty sure I can but unsure if I can do that due to be 17 and it might be classed as direct debit?

Thanks.

Eric Mc

122,086 posts

266 months

Thursday 4th June 2009
quotequote all
Who do you think would try to stop you?

mcflurry

9,099 posts

254 months

Thursday 4th June 2009
quotequote all
Sounds like 2 standing orders and away you go smile
(Make sure you have the funds in there before the instruction clears etc)

Failing that, use online banking and transfer the funds after pay day smile

Steve H

1,169 posts

225 months

Thursday 4th June 2009
quotequote all
Superstylin' said:
Is it possible for me to set up one account which my pay will go into each month then £1500 goes into a savings account and £500 goes in to my mum's and i'm left with whatever in the current account?

I'm pretty sure I can but unsure if I can do that due to be 17 and it might be classed as direct debit?

Thanks.
17 and earning 2k+ per month...well done!

Superstylin'

Original Poster:

357 posts

187 months

Friday 5th June 2009
quotequote all
Eric Mc said:
Who do you think would try to stop you?
Only a case of I thought you had to be 18 to set up direct debit and didn't know of the above was classed as that....

I'm very lucky to be in the posistion I am and don't want to waste it all on cars/girls/drink aha. smile

Remster500

194 posts

218 months

Friday 5th June 2009
quotequote all
Superstylin' said:
I'm very lucky to be in the posistion I am and don't want to waste it all on cars/girls/drink aha. smile
Cars, girls & drink are ok but forget AHA, they were a very bad influence back in the 80's! winkrofl

mcflurry

9,099 posts

254 months

Friday 5th June 2009
quotequote all
How is spending money on cars, wimmen and drink a waste? wink

Superstylin'

Original Poster:

357 posts

187 months

Friday 5th June 2009
quotequote all
mcflurry said:
How is spending money on cars, wimmen and drink a waste? wink
Because I'm trying to buy a house when I hit 18 !