I've never had a huge amount in savings - I usually have around £25k locked away and am often saving for a holiday or something so have a couple of k that will be gone in a few months. The locked away savings I don't really add to (they were originally an inheritance) and then I save medium term as I said. I'm on a decent salary but a single parent with an ex who doesn't pay (CMS aware) and one child is at uni and one about to go.
At the moment I'm not saving for anything, so no medium term plan for spending. I have £2k on a 0% credit card for 2 months from bloody dental work I had to have done. I usually have around £500-£1k every month left to save for in the medium term. As I said, no medium-term plans so I was going to throw it all at the credit card but long term savings are in a 5% account so should I put them there to make interest until the 0% runs out?
Is this what people do or is there a hitch I haven't thought of?