The 'Save 12k in 2013' Thread!

girlatplay

joycemh_tan wrote: »

A question to all you lovely MSE forummers out there: Do you include amounts contributed into stocks and shares ISA / SIPP into your savings target amount?

I've only saved £4,288 so far out of my £15,000 target. A bit down

Hi Joyce. I don't have a S&S ISA so I can't comment on that. I do have a small SIPP though and I don't count it in my savings here. I like to be able to to see my savings for this challenge at the end of the year and I still have 30*ahem*odd years to go to get my pension.

Don't be down about saving £4288. That is more than my target!! I am delighted with what I have saved so far this year. I didn't manage to hit my £5000 target last year but I still managed to save and not get into debt so smiles all round here :D

Anagran

Thanks to everyone who gave me their thoughts about the student loan, it is good to see different perspectives. Especially Lula's idea that spending to boost the economy would be a good way to "repay" I hadn't thought of it from that angle.

I know it would make most sense to only repay the minimum required even if this means never repaying in full, but I just can't stop seeing it as a debt that I owe, money that I spent and therefore should repay. I also do not like thinking about how much it is and that it is getting more all the time (even if not in real terms).

Peonie/Snowgo you are right. I suppose there is no way of paying back without affecting my partner, I will need to speak to him as I don't want to have secret savings, and he needs a say in how much goes to this.

Tiglath

Bonus time so declaring a mahoosive £875 for May (maybe a bit more later in the month). I've bust my original target of £1k but won't set a new target - I'll see how far I get by the end of the year, and set a much higher one for next year. Can't quite believe last December I was wondering where I was going to find anything at all to save, but saving is rather addictive so I'm always 'pinching' the odd bit here and there from my current account

Joyce - I'm including what goes into both of my ISAs but not my company pension until July.

roundabouthere

£780 for me for April.

Saint_Andrew

I made a comment on the other thread. Start me off from April.


Saving in April: £80

Total Savings: £333/£2013

TDPIX

We bought a house this month, so it's been expensive. As I mentioned before, we did have a 'house budget' which was separate to our savings for 2013.

However we've over budget and hence have 'drawn' £2,000 from our 2013 savings.

In others words, our April savings is -£2,000.

I'm also changing the target to £10k in 2013, which seems more realistic now.

All's good though - the house will look great

Peonie

114 reporting with a saving of £595 for April. I have updated the form. Thanks SF.

ManPants

In my quest to save I have switched Bank Accounts. Bank I previously was with had RUBBISH interest rates so have switched bag and baggage to first direct who not only pay 6% for a regular save of £300 (maximum) per month but pay £125 for switching banks too and also do a savings sweep every month so any money left in your current account will be swept over to a e-saver which pays higher interest.

Martin Lewis said about not being complacent with banking and it really is true. Also - First Direct will refund any charges made to old bank account if standing orders or direct debits !!!! up along the transfer journey.

If you can bare it then think about reviewing your current banking situation - I am delighted I did. £8150 saved this year so far.

Stupotstu X

JustinCredibleGillespie

[Deleted User] wrote:

I am now over the £12K mark thanks to a cash gift from OHs parents!! They gave us a cheque for £2000 last week. We have decided to save half and spend half - probably on a holiday. So, I have put another £1000 towards my emergency savings bringing my total saved to £12,720.:j:j

I will be adding my usual monthly update at the end of this month but was so excitied to be over the £12k so far that I wanted to post about it - also so that I won't take the money back out and add it to the holiday fund!!

WHAO!!!! :j:j

Very well done allie!!! :D:D

JCG

xx

nat21luv

CONGRATULATIONS ALLIE!!

Declaring at £780 for April, it is actually around £1100 but I added a few hundred to the car fund/emergency fund.