How much can you save?

innovate

stop spending?

Tylium

Well, I'm on track for £500 a month. Not particularly good considering income of £1500.

snooping_around

...........

pawlala

AnnieSialo wrote: »

if the discussion topic is “how can you save money” it is much better topic

That's what the rest of the forums are for.

nat21luv

Hi guys, I'm finally on board this year

Car bought in cash, an ok emergency buffer saved so now it's time to grow up and save for a house. I only have £400 emergency saved but I'm going to add to it every month. This account will also be for Xmas and holiday so need roughly £1500 in there a year. (I buy a lot of Xmas presents with vouchers earned throughout the year)

Going to sit down later and work out my possible savings for January, I'm celebrating NYE in London and have 4 significant birthdays in jan so the total won't be as great as I would like. Feb will be much better as I also have a booking for foreign students, 10 days x 3 students @ 11.75 pppn= 352 saying that, I also have 3 significant birthdays that month too!

Look forward to joining in sooooooon

Tylium

snooping_around wrote: »

I have managed to save 145K. Since I record my finances in MS Money I can see that at the end of last year I had saved 102K. So quite pleased to have saved 43K this year! :beer:

Christ. I don't even earn half that.

lawstudent

Hi everyone.

I thought I would try to start saving too and was about to start a thread similar to this then I found yours.

I currently have £122 in my savings account (which is actually a second current account - I need to fix this) and £95 I plan to pay in.

I have also sold some items on Amazon tonight which brings my total so far to £271.59.

Saving_NOW

lawstudent wrote: »

Hi everyone.

I thought I would try to start saving too and was about to start a thread similar to this then I found yours.

I currently have £122 in my savings account (which is actually a second current account - I need to fix this) and £95 I plan to pay in.

I have also sold some items on Amazon tonight which brings my total so far to £271.59.

Hello Lawstudent I also am new to this savings lark and for the past 3 months have saved like never before, the greatest tip i got off this forum was to make sure I 'pay myself' first and budget the rest of the month and this system has worked for me once the savings are topped up monthly I just forget about it and stick to my budget, I make sure that myself and DH have enough pocket money so we don't feel like we are skint and it seems to work well so far so good.
I look forward to seeing how your savings goal works out over the next few months.

Hello to everyone else how are you all, *raises a glass and wishes everyone a happy and frugal new year*

I got paid 2 days early so I am going to update my sig have been looking forward to this bit :rotfl:(what a saddo) :rotfl:

Saving_NOW

Tylium wrote: »

Well, I'm on track for £500 a month. Not particularly good considering income of £1500.

Just read your post £500 per month is EXCELLENT!!!! of course it all depends on your outgoings and do you have any debts but if thats £500 clear savings per month then thats £6000 per year!!!!!!!!!! :T

lawstudent

Saving_NOW wrote: »

Hello Lawstudent I also am new to this savings lark and for the past 3 months have saved like never before, the greatest tip i got off this forum was to make sure I 'pay myself' first and budget the rest of the month and this system has worked for me once the savings are topped up monthly I just forget about it and stick to my budget, I make sure that myself and DH have enough pocket money so we don't feel like we are skint and it seems to work well so far so good.
I look forward to seeing how your savings goal works out over the next few months.

Hello to everyone else how are you all, *raises a glass and wishes everyone a happy and frugal new year*

I got paid 2 days early so I am going to update my sig have been looking forward to this bit :rotfl:(what a saddo) :rotfl:

Thanks for your encouragement!

I have made some real progress today by opening a Barclays Monthly Savings account paying 3.2% in months when no withdrawals are made. I have transferred £250 into this and I am going to aim to pay in another £100 every month or more if I am able to.

I have found that I am able to use my Tesco vouchers to pay for a service and MOT on my car so I am going to put the money I save by doing this into the account when I have the work done.