How much can you save?

albacookie

Good work everyone!

I finally made it to my target - £6589.49 to be precise! This is now my emergency fund and my aim for the rest of 2011 is to save/overpay by £5000 - saving for now but depends if base rate increases it may be worth overpaying the mortgage.

tara747

I had a fab January!!!! Between careful spending and selling lots on eBay, I managed to save a whopping £2,313!!!!! Yippee!!! My best ever month. :beer:

My sig has been updated, I am now over the £44,000 mark and I am setting a new savings target of £55,000 by the end of 2011. That would mean saving £13,000 this year but I am well on track to beat that already. Yeeha!!!!!!

Fotojenics

Can i join please. Not sure i will be able to save that much but have just opened a savers account and want to put a little in each week and see how fast it grows.

Thanks

tara747

Fotojenics wrote: »

Can i join please. Not sure i will be able to save that much but have just opened a savers account and want to put a little in each week and see how fast it grows.

Thanks

Welcome to the gang Fotojenics! :j

Driving_Soon

I had hoped to have reached this target before the new year BUT I have finally hit the target of £24,000!! (Only a month late!)

Savings going to stop a bit now, I've been very focused on it for such a long time but I'm going to have quite a few out goings now (I only work part time) so I'm not going to put as much away BUT at the same time, I'm not going to stop totally (haha I'm addicted to saving!).

TimBear

tara747 wrote: »

I had a fab January!!!! Between careful spending and selling lots on eBay, I managed to save a whopping £2,313!!!!! Yippee!!! My best ever month. :beer:
QUOTE]

That is fantastic! What have you sold? Well done!

tara747

TimBear wrote: »

tara747 wrote: »

I had a fab January!!!! Between careful spending and selling lots on eBay, I managed to save a whopping £2,313!!!!! Yippee!!! My best ever month. :beer:
QUOTE]

That is fantastic! What have you sold? Well done!

Lots of stuff that had been cluttering up the house - clothes, costume jewellery, toiletries, handbags, shoes, pictures, shabby chic items etc. It has been a busy month!!!!

Lawrah28

Hellooo everyone :rotfl:
Thought I'd sent in a post here to join the thread but I don't see it! Not new to the website but quite new to the forum. Have become debt free in 2009, trying to get the savings bug but finding it haaard! I always seem to save a couple of hundred and then spend it eek!

xJOJOx_2

Im now out of debt! Just started saving this month. So far £135 (£20 tips, £50ebay, £65 fom wages) May not be a large figure but im proud :-) Now jan is out the way it should be a lot easier. Setting myself small targets ie £50 ebay per month, £20 from wages each week, £20 month tips :-) Just saving litually £5 at a time. Would like 5K by end of the year. Ok by amounts are low but it is very possible. Can spare more than £20 of wages most week but using this a min!! Any ideas?tips would be great!!

tara747

xJOJOx wrote: »

Im now out of debt! Just started saving this month. So far £135 (£20 tips, £50ebay, £65 fom wages) May not be a large figure but im proud :-) Now jan is out the way it should be a lot easier. Setting myself small targets ie £50 ebay per month, £20 from wages each week, £20 month tips :-) Just saving litually £5 at a time. Would like 5K by end of the year. Ok by amounts are low but it is very possible. Can spare more than £20 of wages most week but using this a min!! Any ideas?tips would be great!!

Well done! Don't compare yourself to others, just go at your own pace. You are doing great to become debt free and start saving! :T:T:T

Tips - just be as frugal as you can in areas where you can do so. For example, transport - can you walk/cycle to work instead of taking the car/bus? Do you take your own lunch to work? Can you get cinema tickets cheaper (e.g. Orange Wednesdays, or some cinemas are cheaper on a Monday/Tuesday or for shows before 5pm). Can you sell unwanted items on eBay to make money and declutter at the same time? Are your bills higher than they should be and can you switch providers for anything (you don't say whether you live at home or not so forgive me if I'm making assumptions). What about your mobile etc, can you cut costs there?

Post a Statement of Affairs (basically a list of your incomings and outgoings) if you like, so we can look at it and make more specific suggestions. There's a template on this website somewhere, I don't know where it is but someone may be able to find it and post a link.

This site is full of ideas. Sign up to the weekly email, check out OldStyle, Grabbit, Freebies etc on here for bargains.

Hope this helps! Welcome aboard