How much can you save?

Fancy_China

I'd like to join in, please!

I'd like to save £1500 by next April as we are going to Florida and this will be our spending money.

I've worked out it is about £50 to save each week :eek:

I've already got £39 in an unused account, which I will use for this challenge (3% interest) and £49 in PayPal.

So only another £1412 to go.

weng30

these is a nice place to share my saving... i place my savings to somewhere hard to withdraw...

Luke273

Last posted here 4 months ago when I had £3,950 saved, I'm now up to £5,710! I have now finished my placement so unfortunately no more paydays coming in, so saving in my final two years before graduation will be largely from student loans, roughly £2,000 per year to hit my target. Will be difficult but doable, we'll have to see!

hostie1985

Hi everyone,

Just an update from me, with my calculations (hopefully correct) we should have hit the £28,000!!! As of tomorrow, once interest has been paid. I will update the sig in a couple days we saved £1,320 and a little bit of interest.

Fancy_China

Last week I saved £4.87 from my purse, and £35.10 from e-bay sales.

So my YTD total is £127.97 vs target of £92!

Now only £1372.03 to go by April 2014.

dippykitty

Just hit the £14k mark in the ISA, although not sure how long it'll stay like that as I think I'm going to need a new laptop soon (this one is on the blink!) and may be going away later in the year but for now, it's £14k. This is the most I've ever been able to save so very pleased with progress at the moment!

[Deleted User]

Hi, i know its a bit late, but can i join in. I was wanting to save £1,000 by xmas, not sure if thats achievable, but im pulling everything in. I have £360 at the moment.

Momomo_2

It'd be interesting to find out where you're saving your money because with interest rates rock bottom at the moment, I want to see how others are making sure their savings are receiving interest when you take tax and inflation (2.8%) into account. Almost every bank account out there at the moment is earning no more than 0.5% for their customers after these two things are factored in.

Anyone willing to share a breakdown of where their savings sit?

Zars

Got 30k in premium bonds, 5k in stocks and shares and 2k in savings account. I wont recommend this fund split since I haven't won a thing in the the last 5 months.. I only went for PB because as you said interest rates are garbage anyway at the moment so whats the point..

Momomo_2

Thanks for sharing Zars. Over what period did you save, if you don't mind me asking?