Summer Spends or Summer Bends… | nimbl
Trustpilot

Blogs

Summer Spends or Summer Bends…
Blog by Rîon-Jensen Brown

I'm pleased to announce that we're heading towards the school summer holidays very quickly. Great news for us kids, not so great for parents and carers!

There's so much to look forward to over the summer, apart from having time off, whether you are going on holiday or staying home, I am making sure my priority is saving my pocket money from now so I can use it over the summer holidays.

My school is breaking up for seven weeks - heaven, so I plan on treating myself every week throughout the summer. How you ask?

You can work yours out too. Providing I have done all my weekly chores, completed all my homework properly and hit my weekly targets, yes I have one of these :o(, I will receive £10.00 a week. If I start saving my money later this month (say 21st May), that will give me 8 weeks to save before I break up from school. Let's do the sums:

£10.00 a week pocket money x 8 weeks = £80.00

So I will have £80.00 to spend over seven weeks during the school holidays. This gives me:

£80.00 ÷ 7 weeks = £11.42 a week

This really isn't that much, but then I remember I will still be receiving £10.00 a week pocket money during the school holidays:

£10.00 a week x 7 weeks = £70.00

£70.00 received + £80.00 saved = £150.00

£150.00 ÷ 7 weeks = £21.42 available for me to spend every week, result!

I could top this up by using some of my micro-savings, but that's just plain greedy, but a good back up option nonetheless. I will also be checking the status of my dollars to add as a bonus if it works (read my previous article, then it will all make sense).

The most important point about all of this is I won't be touching my regular savings that I have been working on all year. It will stall for two months, but it won't be touched which is really important, because there is life after the summer holidays such as October half term, then Christmas, gosh it's tough being a kid!

Blog categories

Blog categories: 
Trustpilot

nimbl® is provided by nimbl ltd part of the ParentPay group of companies.  Registered office: 11 Kingsley Lodge, 13 New Cavendish Street, London, W1G 9UG.  Registration in England and Wales with number 09276538. Correspondence should be sent to: nimbl ltd, Ricoh Arena, Phoenix Way, Coventry, CV6 6GE.  nimbl® is issued by PrePay Technologies Ltd pursuant to license by Mastercard® International Incorporated.  nimbl® is an electronic money product.  PrePay Technologies Ltd is regulated by the Financial Conduct Authority (FRN 900010) for the issuance of electronic money. Mastercard® and the Mastercard® Brand Mark are registered trademarks of Mastercard® International Incorporated.