The 'Save 12k in 2014' Thread!

CDotX

slowlyfading wrote: »

Spreadsheet updated

Hey,

Could you update my target on the first page to match my goal of 12K please.

Many thanks

404notfound

Hi,

First update and my final total for January is £1785.68, I'm over the moon with this as January is a awful month for me, in fact I'm truly shocked how it has added up! Just caught up reading the thread tonight and it's great to see how much everyone is saving. Looking forward to hopefully now getting more involved.

Well done everyone!

YoungBusinessman

Wentthedaywell? wrote: »

I've just set a spreadsheet up to work out approximately how much I would have saved by now, had I saved 10% and 25% of my net salary since I started work (I'm 56). Just a basic 5% compounded, not accounting for tax relief of AVCs, stocks & shares etc.

Conservatively. I would have had approx £135,000 and £435,000:eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek:

I am horrified and can't believe how much money I must have squandered, even allowing for years where money was tight with a big new mortgage. Too late to be able to do anything about it now, except to hope for a big premium bond win (I've made a start, I won £25 last month:rotfl:)

So all you good people with more working years ahead of you; keep saving and don't be like me!!

Quotes and posts like this motivate me a lot to get a tiny percentage of net salary put away, anything between 5 and 10% won't be missed if I get used to doing it sooner rather than later!! Going to start this as a massive long term thing. 7 and a half years till I hit 30, 10% net with no compounding is £31,500!! That I won't even miss coming out as soon as it's paid in. Thanks for that!!

lavenderlover

I have saved a rather huge 694.59 this month (considering my target and my income, that's a lot, over 17%). It won't be like that every month, I got a deposit back and my rent was lower than usual (I share my flat and I overpayed in December so I counted it as savings, as my budget started from zero in January). My "money in" has kinda increased since I set my goal earlier this month so I might have to up my target! I'll see how February goes first though Well done everyone so far

FlacosFloozie

I've managed £250 in January. Its lower than I need to aim for but I paid a lot of debt off this month and Mr F's wages are still getting sorted so I'm happy with that.

bugslet

Wentthedaywell? wrote: »

I've just set a spreadsheet up to work out approximately how much I would have saved by now, had I saved 10% and 25% of my net salary since I started work (I'm 56). Just a basic 5% compounded, not accounting for tax relief of AVCs, stocks & shares etc.

Conservatively. I would have had approx £135,000 and £435,000:eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek:

I am horrified and can't believe how much money I must have squandered, even allowing for years where money was tight with a big new mortgage. Too late to be able to do anything about it now, except to hope for a big premium bond win (I've made a start, I won £25 last month:rotfl:)

So all you good people with more working years ahead of you; keep saving and don't be like me!!

I'm a 6-7 years younger than you. Whilst I admire your dedication to working out how much you could have saved, there is absolutely no way on earth I'm doing a similar exercise:rotfl::rotfl::rotfl:

My saving begins tomorrow, January was a no due to previous commitments. bring it on!

Wentthedaywell?

bugslet wrote: »

I'm a 6-7 years younger than you. Whilst I admire your dedication to working out how much you could have saved, there is absolutely no way on earth I'm doing a similar exercise:rotfl::rotfl::rotfl:

Quite right! I really wish I hadn't now, it's made me quite depressed.:D

115K

bugslet wrote: »

I'm a 6-7 years younger than you. Whilst I admire your dedication to working out how much you could have saved, there is absolutely no way on earth I'm doing a similar exercise:rotfl::rotfl::rotfl:

I'm the same, I don't even want to think about how much I could have saved.:D:eek:

bugslet

Wentthedaywell? wrote: »

Quite right! I really wish I hadn't now, it's made me quite depressed.:D

motivated not depressed, WTDW, motivated:D

Waywardbird

My total this month is £224.15 which I'm quite pleased. Should hopefully be paid to day at some point or Monday so the whats left will go into Februarys savings.