How much can you save?

k8eh89

Oh dear. They don't come skinter than me, I have £34 until 30 June... luckily though, I have a nice boyfriend who might feed me until then... if not it's Value Bread and Beans.... :embarasse

MumOf2

Save at least £1,000 per month
Ultimate goal - £100,000 in savings and investments (approx 60/40)
Exploit every opportunity for either reducing spending or increasing income

Like some of you, I can't reveal this to friends and family - they just wouldn't understand.

This is a truly inspiring thread - well done everyone!

MumOf2

LucyTheDwarf

mintedmatty wrote: »

Also started transferring £11.54 (strange amount i admit) into a ybs i have, no branch near me and my passbook is stuffed at the bottom of my wardrobe somewhere, so wont go near the account so can let it build up.

Onwards and upwards

Out of interest, where did the amount come from?

LucyTheDwarf

MumOf2 wrote: »

Like some of you, I can't reveal this to friends and family - they just wouldn't understand.

My mum didn't quite understand when I showed her what interest I earned on my Halifax regular saver. There was me all proud, and she was almost disgusted... This is the only time of my life I'll be able to afford to enjoy myself, etc etc... She thinks I should be putting a little away... I think anything more than £100 a month would be too much for her!

Good luck with your savings, sounds fantastic!

tara747

LucyTheDwarf wrote: »

My mum didn't quite understand when I showed her what interest I earned on my Halifax regular saver. There was me all proud, and she was almost disgusted... This is the only time of my life I'll be able to afford to enjoy myself, etc etc... She thinks I should be putting a little away... I think anything more than £100 a month would be too much for her!

Good luck with your savings, sounds fantastic!

:eek:

Lucy, that's terrible! You'd think she'd be proud and pleased that you're saving for your future instead of blowing all your money and having nowt to show for it.

As long as you are still having a life (and not just sitting in a bedsit with a one-bar electric fire and ten layers of clothes refusing to do anything that might cost you money), then what is the problem?

I salute you.

MONEYME

I think everyone has obstacles when it comes to saving. Either parasite friends or certain addictions but I would only expect encouragement from my parents.

I know some parents that are like that though. For example my fiancees parents are absolute leeches. If they had million pounds in their pocket (which they might have) they would spend my last pound before they touched theirs.

It's so frustrating when my parents want to encourage us to get some money together for a house deposit perhaps and they charge my partner £5 for a 1 mile lift in a car. They're jealous of anyone that's got anything!

Sorry for writing this a bit off topic but it's better saying it here than having a potential row with my partner :mad:

Once this month is out of the way I'll stick my targets and figures on here.

Keep motivated everyone and good luck!

mintedmatty

The £11.54, came about by wanting to save up a decent amount for a holiday or other use in a way that I wont miss it? I originally wanted to transfer it daily but my bank wont let me? It adds up to just over £600 a year, which hopefully I wont notice leaving my account so will be a nice bonus in 12 months. Random i know!!! but 3 weeks later and its £34.62 up already!!

moneymouth77

I've now been trying the 'save £1000 a month' angle... not doing brilliantly, about £100 a month so far, but better than nothing. Everyone try and save as much as they can, nows the time to get on top of spending!

cookie9

Well big news here is that parents have loaned me additional sum to bring up deposit to £100,000 and I have made an offer on a property. Amount saved each month will have to go down for a while if accepted. Got my lovely interest from Halifax Regular Saver - from 10% to 0.1%. :eek:

moneymouth77

Nice one cookie9, I hope everything goes well with the property and the savings!