How much can you save?

Masomnia

The £150 I got will cover all the off the books spending I've done in the last two weeks of term! So yay for that. Should be a bit left over to treat myself, I'm yet to do the sums.

I am trying to work out a strategy for next year, I have my 6.3% fixed for most of next year, and should be taking advantage of that, but at the same time I want to take advantage of a low stock market. We shall have to see, but hopefully the Live on 4k challenge will help!

briona

JimLad wrote: »

New year is around the corner, we "How much can you save?" gang should have a project for 2009. Perhaps some unique way of saving that we can all share and discuss to encourage us throughout the year. What do you think everyone?

I don't think that I'd do too well at a challenge!

I'm a freelancer/contractor so I don't always have work or a guaranteed income. When not working, I rely on my savings. But I'm happy to sit on the sidelines and cheer everyone else on!

cookie9

I think having a goal is a good idea. I am still waiting to see what is going to happen to house prices before I start thinking about buying. Will continue to save up my deposit.

Having just got back from the sales I am thinking about making Februry a frugal month. Anyone want to join me?
Ideas for Frugal Feb:

• Eat from freezer and store cupboard
• Restrict nights out - have friends round instead as have lots of wine (Christmas gists) and Wii fit ( Gift too!)
• No spending on clothes nor make-up ( if make up needed will use Boots Advantage points)

McSaver

* Savings Update - December 2008 *

(Or should that be a spending update) I havent saved a penny this month at all and I just spent it on christmas and drink and whatever lol. In fact I am £200 worse off than this time last month - Arghhh - Its what happens when you bail people out for the credit crunch!!

The percentage has been updated and its a final percentage of 90.0%
(I did earn more money in 2008 than 2007 though)

* Savings Review 2008 *

Never mind I have set a new record of £10,906.13 for 1 year calender years savings (which £2,298.92 was earned through interest.)

* Savings Target 2009 *

The olympic challenge with the percentage game is going to be more difficult to obtain a high percentage because in 2009 I dont expect to earn as much money at work because they keep cutting our hours!!!

I expect to save £10,000 next year unless I get a girlfriend.

Happy new year all and good luck money saving!!!

Driving_Soon

I would just like to say thanks to everyone here, Since posting in this thread I have found myself wanting to save more, everytime I read one of your posts at how well you have saved this month or something, I think to myself, Yeah! If they can do it, I can too!

Cheers Guys, Lets hope 09 is even better than 08!

giraffe01_2

Hi All,

Just a quick update from me - managed to save £550 this month, despite Christmas. So far have £1050 towards my target of £3600 by the end of the financial year.

I think that it would be a good idea to have a target to work towards in 2009, or t least a challenge. I've had a pretty rough 2008 with being made redundant and therefore not being able to continue house purchase (but may have been a blessing in disguise). I'm looking forward to 2009 - I may have a job that's not much cop but at least I'm earning, saving and enjoying myself.

One saving habit that I seem to have acquired is saving £5 notes. I thought that it would be a good idea as I never really seemed to get them that ofthen. Big mistake - I now get them everytime I break into a note. I'd say it was costing me a fortune but it all goes into my savings. Anyone got any ideas for a slightly less 'expensive' way of saving or something that's a bit more fun??

Lokolo

The DFW board have the £2 club. Where you save all your £2 coins. Obviously less popular than £5 notes but they do a little job.

What I tend to do is buy on card so I never have any coins. But obviously a night out I get cash. I keep all the pound and 50ps seperate from all other coins which go into money pot. Then with friends I swap the 50p and £1 coins for smaller dnominations which then go straight into the money pot.

6 months I have got about £50.

briona

Lokolo wrote: »

The DFW board have the £2 club. Where you save all your £2 coins. Obviously less popular than £5 notes but they do a little job.

What I tend to do is buy on card so I never have any coins. But obviously a night out I get cash. I keep all the pound and 50ps seperate from all other coins which go into money pot. Then with friends I swap the 50p and £1 coins for smaller dnominations which then go straight into the money pot.

6 months I have got about £50.

I was going to suggest the £2 coin savers' club as well! Since January 2006 I have saved every single £2 coin I have ever gotten, and I even have friends collecting them for me now as well.

In two years I have collected and banked around £800-worth of them! Beware – once you start, you can become obssessed!

MimiJane

I save £1 and £2 coins ... £800 pounds saved so far since last July to take care of this year's summer holiday later on in the year :j

gelato_cat

Do you ask for £2 coins in your change as well, to boost your savings a bit? Or do you just take what you're given?

Suze

briona wrote: »

I was going to suggest the £2 coin savers' club as well! Since January 2006 I have saved every single £2 coin I have ever gotten, and I even have friends collecting them for me now as well.

In two years I have collected and banked around £800-worth of them! Beware – once you start, you can become obssessed!