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How much should I be saving? 16.5K per annum

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  • babyshoes
    babyshoes Posts: 1,771 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    What we do is to put any 'left over' money at the end of the month into a separate account so it is out of the way and not a temptation!

    Once you know how much you usually have left when you are not being overly frugal, you will have a baseline to work from when you *are* being frugal. It can be quite rewarding to see how the little savings add up at the end of the month. You may even find you can save £hundreds extra in a really good month!
    (We managed that recently, a couple of hundred extra simply from being careful with groceries and not going into the town centre where I am always tempted to impulse buy cr4p from poundshops or overpriced coffee & food. We were also lucky that month not to have extra expenses which can crop up unexpectedly like car repairs, vet bills etc.)
    Trust me - I'm NOT a doctor!
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Update! I have now reached £40,447 - I am so chuffed to be over £40k! :D:D

    babyshoes - good point, going into town can be serious temptation!

    OP - how are you doing?
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • Well done guys!!

    I am trying to save £350-£400 a month.
  • Does anyone know of any really good saving accounts with good interest by any chance?

    I am so confused who to go with.
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