How much can you save?

edinburgher

Calendar year for me personally. I get too confused otherwise!

I hear you!

Ok doke, fiancee and I will work towards the following targets for the rest of the calendar year:

Stick with the S&S ISA payments (£900 to go)
Stick £600/mth+ into our cash savings
Save up for the first week of our honeymoon next year (£1,000 to go)

That'll do for now, sig updated.

jibadeeha

skaps wrote: »

Wow the most I have saved is £16000. What are you saving up for?

Well done with £16K that is also an impressive amount. :beer:

I am not saving up for anything specific other than a secure future should I fall on hard times. I started out with small targets to begin with (£1000, £2500, £5000, etc), but now it has become an addiction to the point that no matter how much I save it is never enough - sort of like OCD. :eek:

I do make sure I enjoy life though :j

leahciM

jibadeeha wrote: »

or anything specific other than a secure future should I fall on hard times. I started out with small targets to begin with (£1000, £2500, £5000, etc), but now it has become an addiction to the point that no matter how much I save it is never enough - sort of like OCD. :eek:

I do make sure I enjoy life though :j

This is what I'm aiming for

ljaneyr

Hello all new people and 'old' people returning to the thread!

I annoy myself by continually re-evaluating my savings. It started off by the calendar year, then in April I changed to financial year, and now it's back-to-work time (:mad:) I have just calculated how much I would like to save by the end of the next academic year!

With my pay rise starting at the end of september I hope to be saving much more significant amounts each month. You can live as frugally as you like but if you only earn a small salary you can only make small savings! Now my basic salary is going up by 50% and I have a guaranteed day of supply each week I hope to see my savings grow significantly.

Totally unrelated - has anyone here considered going back to uni? I have a degree and a pgce but wish so much that I had done a different subject. Unfortunately fees for a second undergraduate degree appear to be astronomical (sp?) with no student loans availlable, not to mention living costs while studying .

edinburgher

Now my basic salary is going up by 50% and I have a guaranteed day of supply each week I hope to see my savings grow significantly.

Well done - that's great news!

Totally unrelated - has anyone here considered going back to uni? I have a degree and a pgce but wish so much that I had done a different subject. Unfortunately fees for a second undergraduate degree appear to be astronomical (sp?) with no student loans availlable, not to mention living costs while studying

Do you mean a different subject for your PGCE, or a different subject entirely? I ask as my Mum taught for about a decade (hated it!) and started out as a RE teacher with a PGCE (or the equivalent) and ended up as a History teacher thanks to completing an open university degree.

If you mean an entirely different academic discipline - I've considered it (I have a MA and a PgDip in library and information studies), but the figures didn't really add up. Studying is expensive and while I could probably drop my hours at my current job, it would be hard to work reduced hours, study and try to get experience in a new field.

The way I see it, the current crop of school leavers will need to be a lot more aggressive due to the recession and increased competition for courses/work experience/jobs. If you fancy a change, I'd make damn sure it's something you really want to do.

albacookie

It's not quite payday yet but I think I'll have saved about £300 this month.

I know a few people who have done a second degree most of them to go to vet school after doing another degree and it's stupidly expensive - the last person I spoke to was quote £17,000 a year for fees then living costs ect on top!

newaccount_2

Hi, can I join here?

I'm in my mid-20s, graduated and have just started working this month. I'm on around £31k per annum. I have already saved £21k and would like to save more. I don't have any targets set yet. Is it better to have a target as i just try to watch my spending as thats how I have been brought up.

Happy saving.:D

Driving_Soon

newaccount wrote: »

Hi, can I join here?

I'm in my mid-20s, graduated and have just started working this month. I'm on around £31k per annum. I have already saved £21k and would like to save more. I don't have any targets set yet. Is it better to have a target as i just try to watch my spending as thats how I have been brought up.

Happy saving.:D

Welcome!

Thats a good savings total you have so far!

dippykitty

newaccount wrote: »

Hi, can I join here?

I'm in my mid-20s, graduated and have just started working this month. I'm on around £31k per annum. I have already saved £21k and would like to save more. I don't have any targets set yet. Is it better to have a target as i just try to watch my spending as thats how I have been brought up.

Happy saving.:D

Welcome aboard! You're doing really well, keep up the good work! Targets can be great for motivation but you're on the right track by the sounds of it so it's up to you really.:)

Connologs

Hello everyone, not been on here for a while.

Pay day tomorrow which is great