The 'Save 12k in 2014' Thread!

natlie

Hi I can't remember when I last updated but reporting £1200 current total
Nat #027

cydney65

Fantastic news WTDW amazing :T:T:T I can't wait to pay off our mortgage.

slowlyfading

Spreadsheet updated

lehoy7

Hi all,

New to the MoneySavingExpert forum and felt like this may be a good place to post? If it isn't I would be grateful if someone could point me in the right way to a better thread

So basically I thought I would try this out for 2015. I have just passed my driving test and now is the time to save for a car and then insurance which is a crazy amount! I also want to save for going to America as I haven't been there and it's on my bucket list. My career aspirations is to become a makeup artist which I am self taught at, I would just love to do a course so there is that too. Also I am coming up to a point now where I know I can't really rely on others and have to save for myself.

I only have a job where I work one day a week and I know I need something else. I have just landed an xmas temp job working for M&S in december but after that I don't really have anything.

I am just trying to find the best options for me as I am finding it quite difficult to actually start saving decent amounts. I have a jar where if I put in £2 coins, I can reach over £1000. I am quite sensible with my money that I earn anyway, I never blow it all in one go like some people I know! I like to have a certain limit where I can't go below that and always keep an eye on what I'm spending.

I did write a little plan of action on my phone of the things I want to save for, how I am going to do this and then how I am going to get there. I just put something at the end like 'I should be blessed with the hours I am given to work, it's a constant reminder that it may not be ideal, it all adds up to what I want to achieve and with time & patience, I will get there.'

This is all very new to me as I've never had a savings account put in for me as a child and it just seems like I'm being thrown in at the deep end, I'll find my way somehow but If any of you have any tips, ideas, it would be truly appreciated!

Thanks

shiningfaery

Hi All

I havent been good this year at all with saving for anything its been a very exoensive year for me. So I have not saved anything towards my goal and am spending some time this week organising my budgets and money so will look to participate next year.

lalman

Hi Lehoy7 you seem to have a general plan in place that you want to save and understand its important... which is great.

Can I recommend a book for you? 'Millionaire next door'

Also, your saving for some great goals in having a car and going to America... maybe quantify them... think about what you can save now and see what a realistic target that would still be motivating for you would be.... I find financial planning - or thinking I will hit 'x' by 'x time frame' very rewarding...

Good luck and just post a thread in the savings forum place next time - you will probably get better answers than the one I just gave...

tara747

Wentthedaywell? wrote: »

Great milestones for me this month!

I've just paid of my mortgage from my "Save a pound a day" tin, and hit my annual saving target a month early.

Out tonight to celebrate my mortgage-free status with a posh meal and a bottle of champers. It's been a long while coming, so tonight is not the night for saving! :j :beer: :j

PS Sorry for all the dizzying emoticons, but today is one of those days when they are deserved! (:D )

Woooooow, massive well done to you, WDTW!!!! :T:T:T:T:T

tara747

Payday tomorrow! :beer: *drums fingers impatiently*

nat21luv

£275 to go until I hit target! :j Ive done the financials and I can put away £1k next month so Im going to aim for last years target that I didnt even make halfway- £6k. Lots of ebay selling on the horizon for next month

Cellby

I don't mean to be rude or anything.... But just for a general idea are your earnings like average from your job? And are you just literally saving every penny you get.

I want to do this challenge next year but i only get a low income.