How much can you save?

miss_angie1

Angelselondon, please can you send me a copy of the spreadsheet, I have sent you a PM with my email address. Thanks!!

Dr.Lou

Hi Everybody,

Have calculated the percentage saved for January out of total yearly disposable income = 7.43%

Good luck everybody for January. x

zag2me

Im on a private dental plan, but they charge 90 quid for the lab fees for a new tooth. So that's my savings gone for this month

save-a-lot

Hi

I have just calculated out my disposable cash saved for January at 6.67%, I will try to do better in Feb

gelato_cat

I'm way behind all you lot - I haven't even worked out my disposable income yet!!! I might have to modify the spreadsheet slightly as I'm feeling lazy...

I do seem to have received something of a tax refund today though, so I'm happy about that :T

Suze

save-a-lot wrote:

Hi

I have just calculated out my disposable cash saved for January at 6.67%, I will try to do better in Feb

Angelselondon

You're still doing well Suze, don't give up

Well Done Mr Tall.

I managed to bag 8% mind you been really frugal as I want to make that £3000 target for 6th April.

gelato_cat

Cheers :beer: I still have another day to sort it out!!!

This tax refund is going to come in well handy, think I might be saving over a grand this month (if I ever pull my finger out)

Suze

Angelselondon wrote:

You're still doing well Suze, don't give up

gelato_cat

OK, I'm going to work it out now as I heard the noise of smacking lips coming from the kitchen and on further investigation discovered my cat had had some of the bread I was defrosting for my sarnies tomorrow!

So while I am waiting for the new bread to defrost I'll sort it out.

What are we counting as disposable? Are we really counting discretionary (disposable being net income)??

I'm going to use gross minus the following:

- gas (what I paid last year divided by 12)
- water ditto
- electricity ditto
- rent/mortgage
- TV/broadband/landline
- mobile phone
- food
- council tax (what I paid last year divided by 12)
- insurance
- dentistry and prescriptions?

I use public transport and have paid that upfront for the year so I won't count that.

Does that sound about right?

Suze

Angelselondon wrote:

You're still doing well Suze, don't give up

Well Done Mr Tall.

I managed to bag 8% mind you been really frugal as I want to make that £3000 target for 6th April.

iamsam

I was debating whether to include food. It is a necessity, but it's something I feel I still have room to save on. If I 'exempted' it from my disposable income, I might be less inclined to reduce it.

Also, I notice we got a mention in the weekly e-mail. :T

gelato_cat

iamsam wrote:

I was debating whether to include food. It is a necessity, but it's something I feel I still have room to save on. If I 'exempted' it from my disposable income, I might be less inclined to reduce it.

I thought that too, but left it in (it was a wild guess anyway, cos not only is it food but it's other things I buy at Sains like cat litter, cat food, cleaning stuff and toiletries). What do others reckon?

iamsam wrote:

Also, I notice we got a mention in the weekly e-mail. :T

When? Where? I don't get mine until Thursday which I think is grossly unfair!!!

Suze