How much can you save?

RoxieW

I'd like to join too - I have a goal of saving £125,000 in five years - so 25k per year.

Need to spend some time scrawling these boards for advice as not sure where to start putting the money. I have around 20k to start off with.

tara747

ABetterLife wrote: »

This not active anymore?

Of course it is, most people just do a payday update and then it gets quiet mid-month

ABetterLife

tara747 wrote: »

Of course it is, most people just do a payday update and then it gets quiet mid-month

Ah, thank you

Well, my boss was so sweet to me today and gave me £100 out of the blue for the baby! So, going to save it I think

Rich33

Rich33 wrote: »

I would like to join in. I am 21 and in my 2nd year of university.

Currently have £12,000 in savings.

These are my goals that I have been working from:

YEAR 0 - 20th August 2012 - £8000.00....................... ACHIEVED
YEAR 1 - 20th August 2013 - £14,000.00.................... ON TRACK
YEAR 2 - 20th August 2014 - £21,000.00....................
YEAR 3 - 20th August 2015 - £31,500.00....................
YEAR 4 - 20th August 2016 - £47,250.00....................
YEAR 5 - 20th August 2017 - £70,875.00....................

As soon as I graduate I am buying a house with my girlfriend and will be renovating it as I have experience in doing this and good contacts. I currently get paid £12,000.00 a year working on a sponsored degree but in August 2014 hoping I will be earning £22,000-£26,000 and make lots of money on the house we develop

Popped back in and have just seen my ambitious little plan.

Happy to say I have met my goal early and I now have £21,000 saved

No plans to buy a house just yet though as I am tied up on a large project for the next 18 months.

tara747

ABetterLife wrote: »

Ah, thank you

Well, my boss was so sweet to me today and gave me £100 out of the blue for the baby! So, going to save it I think

Awww, how lovely!

tara747

(copied from the other thread)

I got sidetracked last month, and forgot to update! Oops!!!

March 2014 update:

I saved £528, taking my yearly total to £1,429 and my grand total to £75,556.

April 2014 update:

I saved £477, taking my yearly total to £1,906 and my grand total to £76,033.

I'm saving less than I thought I would so far this year mainly because I'm now living on my own and paying the bills by myself. But I'll get there.

Good luck and keep up the good work, everyone!

:beer:

black_taxi_2

whats your target tara?


awesome savings

tara747

black_taxi wrote: »

whats your target tara?

awesome savings

Financial freedom.

And thank you!

xmillyx

Just figured out my savings.. I now have £25,965.60! Hoping to reach £33k by December 2014 if we have not bought a house by then.

tara747

I've just totted up May's totals.

[STRIKE]
I saved £1,169 (which was actually my ISA interest, so if it hadn't been for that I'd have done badly!).
[/STRIKE]
I saved £2,037 (£1,163 of which was my ISA interest!).

That brings my 2014 total up to £3,943...

...and my overall total up to £78,070. :beer:

Well done everyone, let's keep going!


*Edited at end of June as I'd got my totals wrong for May!