To spread out savings or wait until hit goal

[ijustdontknow01]

Just curious to see how other people would do it. I have lots of different pots I need to save into, car holiday etc. each with a goal. I have £50 a week to put in these pots. Would you pay £10 a week into each different pot or put the whole £50 into one until you reached that goal and then start again with another pot? Max pots are 1k

id put all the money into one pot - but thats how I work.

Then once I have hit my goal move on to the next savings goal

I like a budget, along with a homemade spreadsheet

Totally depends on the savings goals - ie if my car was urgently needing replaced I would pile into that pot first, because needs must. If they were all nice to have things with a longer term horizon - like replace the kitchen or go to DisneyWorld - I would it spread out.

I spread it out between pots each month depending on. Importance and how soon I need that pot. I always keep the long term savings amount the same though.

I usually spread out my savings. I save into my SIPP each month, but I also save towards home improvements each month too.

I have a dipping fund for things like holidays and a 'don't touch unless emergency' fund for non essentials - the dipping fund would cover the things you mention so I'd just put money in there and take out when it's time, rather than the separate pots idea

I do similar monthly and spread the amount over my pots.

I've only just started using pots, but I save a percentage into each pot, with the exception of one (I am trying to save 6 months rent for in case of emergencies) which I pay a variable amount into. I prioritised the pot for annual bills when I first set it up because I knew I had things like car insurance and tax coming up within the next few months.

This really is about what works for you. For me, I definitely like splitting things into different pots (but I am a pretty organised person). The main issue I used to have was I didn't want to commit to saving every month as the amount I could save varied. But I've found a new saving app that works really well for me called marygold. I have created a few different pots (they call them money pools / piggy banks) and I have set up 1 monthly nudge that suggests I make 1 payment that gets split 4 ways automatically. Then I have another nudge to save an amount that is a % of anything that was in my main current account prior to getting (they call this an 'excess balance' nudge). It means whether I pay, or how much is always in my control and it is really easy to use.

I have a savings account with Tandem. I have multiple pots for holidays, home improvements, emergency fund etc.

Open an Isa annually aa it's tax free. Are you saving more than £20000 per year?

I have a 1k annual emergency fund for things like plumber call out, new washing machine etc.

Then I put a set amount into one savings account but use a spreadsheet to tell me how much is for what. I get more dopamine from thinking I've got 3k total saved, then using my brain to think what it's for before spending. Rather than thinking I've got 600 for that, 200 for this. That's just me though.