Every month when I get paid, my wage goes into my current account. The money is then transferred straight into 2 other accounts leaving me with £200 in my current account. The other accounts have a higher interest rate which helps me earn more, and these accounts transfer money into my current account when the money gets low.

I have an ISA which I have been adding as much to as possible over the last 4 years (although the credit crunch as pretty much buggered up the high interest rate) and I think ISAs are a good idea as they are tax free.

I also setup 2 high interest accounts with other banks to earn interest on money I don’t spend and have shares which as you have guessed have also mainly fallen due to the credit crunch. Apart from these fairly standard forms of saving I would recommend getting on the property ladder for anyone who is fortunate enough to have a job which allows them to save frequently.

I may be dipping into my savings for a holiday to New York soon – I’ve never been and really want to go with my girlfriend this Christmas.