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How much can you save?

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Comments

  • Emily926
    Emily926 Posts: 184 Forumite
    Welcome CaroleM!

    It was the same for me, I had been visiting for a while and was inspired by this post. I was fed up of being in a position to save and not actually saving anything. Reading this thread gave me the motivation and inspiration to start and now i'm almost half way to my target :D
    :heart:DD born 14/12/11 :heart:
    :heart: Baby No2 due 08/06/14 :heart:
    Completed stitches 2014: Dolly Mama's
  • dippykitty
    dippykitty Posts: 1,138 Forumite
    Suzey wrote: »
    Yes, although if it's from your ISA you lose the tax-free status forever. However money isn't everything and it's nice of you to help your parents out :)

    Suze

    Thanks. That's very true but I've not been putting much in savings so far this tax year and still have around £3k left to put in before April. Given my much reduced freelance earnings I can't see myself having much more than that to put in before then so I'm not really as bothered about that as I probably would have been otherwise!
    ISA savings: £25,139 Other Savings: £1750 (tied up in bond)
  • gelato_cat
    gelato_cat Posts: 2,970 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I know the feeling, my house purchase is wiping out 11 years' worth of ISA contributions... I guess you have to spend the money sometime!

    No idea how much I'll be saving once the mortgage kicks in, so will probably have to pay into this year's ISA in instalments over the year...

    Suze

    dippykitty wrote: »
    Thanks. That's very true but I've not been putting much in savings so far this tax year and still have around £3k left to put in before April. Given my much reduced freelance earnings I can't see myself having much more than that to put in before then so I'm not really as bothered about that as I probably would have been otherwise!
    I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • dippykitty
    dippykitty Posts: 1,138 Forumite
    Suzey wrote: »
    I know the feeling, my house purchase is wiping out 11 years' worth of ISA contributions... I guess you have to spend the money sometime!

    At least you'll have a nice house though! :D
    ISA savings: £25,139 Other Savings: £1750 (tied up in bond)
  • dazcouz
    dazcouz Posts: 2,531 Forumite
    Part of the Furniture Combo Breaker
    Suzey your savings are an inspiration.

    I started with £11,000 this time last year and now have £25,000 saved up. If I could have savings of over £100,000 by the time I'm 30 (7.5 years time) I'll be over the moon
    Competion Wins 2008 - £1700 - 2009 £5300
    2010- £680
  • gelato_cat
    gelato_cat Posts: 2,970 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If it's any help, I didn't have £25k until much later - when I was 24/25 :D

    I was 30 last year.

    You should be able to reach your target easily at the rate you're going :D

    Suze
    I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • richie_bcfc
    richie_bcfc Posts: 6 Forumite
    Im 21 currently earing 1000 a month. Looking to save as much as possible in 18 months what would you suggest is realistic ?
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 24 July 2009 at 1:39PM
    richie_bfc, it would be helpful if you told us your outgoings etc!

    Counting down to payday myself, another £1200 banked this month, yeeha!
    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
  • MONEYME
    MONEYME Posts: 90 Forumite
    tara747 wrote: »
    richie_bfc, it would be helpful if you told us your outgoings etc!

    Counting down to payday myself, another £1200 banked this month, yeeha!

    Wow - well done!
    I'm counting down to payday also and hoping to spend as little as possible this weekend.
  • shrewsaver
    shrewsaver Posts: 155 Forumite
    See updated sig. below for savings figures after my pay day.
    Save £12K IN 2013 Member #217 £3654.88/£6,000 (60%)
    Shares: £273.36 (Bought £494.14) £220.78
    SIPP: £5,366.63 (Bought £5,429.44) £503
    S&S ISA: £11,560.70 (Bought £10,537.58) £1,023.12
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