How much can you save?

Alejandro

bodmil wrote: »

Anyone else considering the new 3.25% Derbyshire account? It's only BACS transfers so I'm thinking of keeping my Lloyds 2.96% account with Faster Payments as it really is so handy. What are the chances of a bidding war between banks to beat that rate?

Considering it, but I find it difficult to get excited about the odd 0.1% here and there. Am I being lazy? I reckon I've got about 40k that's currently on 2.9% (I think) at santander, but the extra 0.35% would only work out at seven quid a month extra interest after tax, which hardly seems worth the effort!

Hmm, I think I can answer my own question - I am being lazy. 7 quid's better than nothing. Will get on the case.

compound

Hey Guys, I have finally achieved my goal for the year to have £15000 in savings! As i mentioned in my previous post a while back i will now increase my target to £18,000 to achieve before the end of the year. It will be a tough target but it will give me something to aim for.

MoneySaverLog

compound wrote: »

Hey Guys, I have finally achieved my goal for the year to have £15000 in savings! As i mentioned in my previous post a while back i will now increase my target to £18,000 to achieve before the end of the year. It will be a tough target but it will give me something to aim for.

I have a similar goal of £20,000 for July next year in cash based savings, I know this is going to be a bit of a challenge.

dippykitty

I'm up to £9,300 in the ISA so I'm creeping very slowly towards the £10k goal. Not sure if I'll get there by the end of the year as I'm also saving for a holiday but hopefully I'll get somewhere close if not.

LucyTheDwarf

I'm not going to hit my target now

After a car accident last year I knocked a few thousand off my net worth, and now I'm really feeling the pinch. Everything seems so expensive: especially food, petrol and travel; I feel like I'm buying less and less but my savings are growing at a pitiful rate!

carolinebrown

I will work out the balances of these shortly- but I am attempting to save £1000 per month.

tinkerbel

wow that's amazing caroline brown! how are you doing it?

UnluckyT

good luck caroline brown, keep at it.
hello everyone and good luck with saving.
managed to save £150 this month into my savings pot, somehow,after what seems to be an age of not being able to etc.
will keep trying though.

lvm

I'm getting rather excited now that from December's pay, I will increase my monthly savings from £600 to £1000. This coincides with when I finish paying back a loan to my Mum.

Hope the £1k a month won't stretch me too much - think I might need to find some way of supplementing my income although running short of ideas now!

Still, on track for my £25k by the end of 2012 and this will fit perfectly with the £12k in 2012 Challenge which I'm hoping someone will be setting up!

MoneySaverLog

Oh yeah, someone set up a savings challenge for 2012. I'll aim for £25k by December 2012 too :-)