The 'Save 12k in 2014' Thread!

ajdj

Living_proof wrote: »

I am probably being overly cautious but what do you think I should do? If I leave so much in the current account then it might give me a false sense of security which might prevent me striving to earn my usual wage of around 2500 per month. Sorry for the lack of pound signs - like others on the site I just get the hash sign!

if £500/month covers your expenses then I'd move 6 months worth (£3,000) into an instant access account. Perhaps another current account with a decent rate (tesco, TSB, Nationwide?). You can then use this other account to shelter the money but also cycle money between that and your Natwest account using online banking to meet the minimum monthly deposit.

Then you can look at fixing your ISA if that's what you want to do. The premium bonds will likely have a poor return if you have average luck, but I understand these are fairly quick access, so could be treated as part of the emergency fund too.

Living_proof

Thanks ajdj. I will have to apply quickly before I officially finish being employed - on Tuesday!

slowlyfading

Spreadsheet updated - just over £6,000 to go

Kiwisaver_2

slowlyfading wrote: »

Spreadsheet updated - just over £6,000 to go

Ooh so exciting, I just checked in to see if we were nearly there yet. :T

Lomcevak

slowlyfading wrote: »

Spreadsheet updated - just over £6,000 to go

I've just dropped £1400 in to savings, so almost a quarter of the way there then wasn't going to update spreadsheet until the end of the month though

edit: oooh, just realized that has taken me just over £22k for the year too, which was my original 'stretch' goal once I got to my £18k target. Finding almost £2k next month to reach £24k will be really hard, but might just be possible

lalman

well done Lomcevak!

The one mill mark will definitely be breached... probably someone in the next few days...

Already thinking about 2015 - shall we aim for 1.5 mil?

eviekins

Hello fellow savers!
Apologies for being so rubbish at updating my progress on here this year!
I update my signature but have been seriously slacking with filling in the spreadsheet!
My total for 2014 so far is £22,000! Can't quite believe it! Looks like I'm going to beat my 2013 savings by almost 10k!
Won't be long, and we'll all be getting ready for saving 12k in 2015! Where does time go!!
Keep up the hard work everyone, love reading all your updates as always!

eviekins

That means we've hit it right!!?

Kiwisaver_2

eviekins wrote: »

That means we've hit it right!!?

Looks like you may have just tipped us over the magic million mark. :beer:

nat21luv

Yay for us! Well done everybody!!!

:beer: :beer:

Im rooting for you Lomcevak