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Is it just me or are people dubious about saving throughout the year with the savings cards, this year I only did Iceland and only have £50 on it as you never know who is going to be the next chain store to go, years ago I would have argos wilko farmfoods

Would like to know what people think

JaneWest
7 months ago
What do you think of this?
chelseaturpin
chelseaturpin7 months ago

Nothing wrong with saving cards they can really help if you low on money one week and need to get a food shop in for the family.

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JaneWest
JaneWest
Original Poster
7 months ago

But don't you think to yourself what happens if I have put a few hundred pounds on a card and the shop goes in to liquidation

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chelseaturpin
chelseaturpin7 months ago

JaneWest you should be able to spend the money surely before they go into liquidation or whilst their in liquidation

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ClaireF1978
ClaireF19787 months ago

JaneWest I agree, gift card balances etc are always the first thing to be frozen when they announce liquidation so I never keep very much balance on loyalty cards nevermind savings cards.

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JaneWest
JaneWest
Original Poster
7 months ago

ClaireF1978 that's how I think about it now what is a shame in this day and age

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billygomez123
billygomez1237 months ago

I think they can be a good idea ie Iceland always have a good deal on cards, but I personally would not stck too much for the obvious reasons. Bigger firms than Iceland have gone bust lol

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JaneWest
JaneWest
Original Poster
7 months ago

I totally agree

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angemski
angemski7 months ago

It's the first year I haven't done the usual savings cards - Asda and Iceland - for the same reasons as you at the back of my mind. Asda have recently made their staff sign up to an incredibly unfair contract, asking more but giving less, and it made me wonder if they are struggling and possibly in trouble.

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LenoirLenoir
LenoirLenoir7 months ago

I know what you’re saying. if you can save on a card, why not just open up an addition current account and pop the odd £1 in there instead of a single store card? There’s lots of other ways you can Save too

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JaneWest
JaneWest
Original Poster
7 months ago

It would be easiest just putting it a bank but with the card like Iceland and farmfoods if my bill is around £22 I would just ask them to round it up to £25 on my savings card so over the year you just don't notice and it does add up and I would do the same with other shops but may be bigger amount, but not nowadays. It is a shame though

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Glitterandgold
Glitterandgold7 months ago

I used to collect Morrisons savers stamps all year & do big Christmas shop with them, but I haven't the last couple years as I now tend to go to Tesco who I only recently discovered also do saver stamps.

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Pjran
Pjran7 months ago

I was chatting with a friend yesterday who has several dogs and I asked if they have pet insurance. They don’t but put money aside every month then when it’s a good lump sum buy Premium Bonds. Apparently you can cash them in and of course win. Maybe that’s a plan you could adopt.

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