How much can you save?

de1amo

alba i am a bit confused by the percentage figure--is that 69,5pc of your monthly salary-4500???

albacookie

de1amo wrote: »

alba i am a bit confused by the percentage figure--is that 69,5pc of your monthly salary-4500???

I wish! Its 69.5% of my target which is £6500.

de1amo

i was thinking your a rich person and i need a loan lol--good luck on your quest-what are you saving towards?

albacookie

Just rainy day funds for now then hopefully onto overpaying the mortgage.

de1amo

like me then--i have been doing it for so long and the mortgage never gets lowered but i grow more content with my bank balance and investments-i dont see my mortgage as a debt-ideally i would like to go for equity release in my old age!!

bodmil

Hullo hullo, I have been a right stranger! Good to see everyone ticking along and newbies joining all the time! I'm now waiting on the mercy of HMRC to give me a big fat tax rebate or I'm going to be miles off my target as I have 3k to pay next month. Will be horrible to go backwards but hopefully I can have a rebate before the end of the year and reach my target! This year has absolutely flown by!!!

tara747

Hi bodmil, good to see you again. Glad you are keeping up the incredibly good work, and fingers crossed that HMRC come good!

redcoltraine

Hi All

I'm not sure I have taken part in this thread before I can't remember, been forever since I have posted anyway so I'll just introduce myself again as things have somewhat changed.
Loans: Zero CC: Zero OD: Potential for £300 but Zero :-) and No Mortgage, so for the first time ever I can actual save, I can't quite believe I am on this part of the forum, but any.

My Target is £30000 - just a random figure plucked out of the air so for now I shall concentrate on getting to 10k by the end of next year, thats just over £700 a month, which is abit steep but we shall see, I have budgeted in about £500 a month depending on what comes up and see what I can cup back on..... Gym memberships when they expire and the like

So wish me luck as I have Zero so far, will keep you posted.

Not saving for anything inparticular - pension/old ages/holiday of a life time/ redundancy that sort of thing......

Ciao

Red

youngmummy

youngmummy wrote: »

hi all im not starting to save properly till january 2010. but we have insurance cancelation coming our way of £300 and also hoping to sell our car for £500 so that will be £800 altogether. woopwoop. xx my son has a savings account also so hoping to put some money in there in the new year!! good luck everyone my aim by december 2017 (was 2014) is £12,000 was (£8,000) hopefully will get there may even get there before xxx

i posted this post previously ..... my self and BF have talked about getting married in 10-15 years ages away i know but we are only 18 so in 10 years we will still be young enough and also have savings behind us and hopefully both be working... :T
weddings are expensive now so i dont even want to think about how expensive it will be in 10 years ..... 2025
if we kept up with the saving £60 a week which is what we will save as a minimum to get to our above target .... between jan 2011 and jan 2020 we would have a total of - £46800
enough for a basic wedding and if we had a morgage pay off some of the morgage...:rotfl:we hope

Ronnie_Fresh_start

It's really encoouraging to see targets people are making for themselves and the progress their are making. I am 25 and I have put my foot down and taking CONTROL. I want o save for a mortgage for next yr november 2012. I am working and a student as well. I will aim to save £500 per month from end of November . will keep you posted. my journey begins:T