The "Save 12k in 2015' Thread!

mummytummy

:xmastree: Roll on January 2nd, my first pay day of the year and the start of my journey to at least 12k. :xmassign:

ajdj

Savings strategy for 2015 is going to have to involve a moving target for me. I'm getting married in July, so going to split the year up.

Jan-April 5th = save like mad to try and have a total of £20k in savings put away
April 6th - July = save to spend on the wedding (so I don't have to dip into money already saved). This won't be declared for purposes of the challenge.
August- December = save like mad to try and get to £25k.

Really feel like this thread will keep me on track, I've really enjoyed it over the last couple of years.

Slowlyfading- could you please add a target of £4,100 against me please, I'm challenger number 7! Thanks

copperjar

Feeling very excited about this challenge! In preparation, I've open two new savings accounts today, upgraded my current account to get a better rate of interest and sorted my financial spreadsheet out Love being back into MSE!

Have tried with YNAB but just can't get my head round it! The balance always seems wrong and when I try to link my Barclaycard it's chaos! So the trusty spreadsheet has been revamped with new tabs, new totals and a new format.

One problem I have is that I am saving about £350 per month for other things (NYC for my 40th this year and the old insurances/car repairs/birthdays etc). So on top of that I need to find another £500 per month :eek: It's a pity I can't count those as savings cos I'm sure I'd hit the £6k no bother...but what would be the challenge in that?

Roll on 2nd January!!

slowlyfading

Spreadsheet and front page updated

colinjd

Aw, what the heck let's give this a go.

Please add me to the ever-growing list for 2015 and put me down for £12,000.

I'm a bit nervous about what the future holds - who isn't these days? - but I'm hoping that this thread will provide the incentive and support I'll probably need as the year unfolds.

To begin with I'll be utilising the following:
TSB Classic Plus current a/c opened earlier this month
First Direct Regular Saver a/c after switching to FD from HBoS this month
Stocks & Shares ISA opened with HL 10/2014
SIPP opened with HL 05/2013

The money-trail should look something like this:
1- £500pm from FD current a/c to TSB Classic Plus
2- Once the £2k limit is reached with TSB, move £500pm back to FD
3- Move £300pm from FD current a/c to FD Regular Saver a/c
4- Move £200pm from FD current a/c to HL S&S ISA
5- Additional contributions to HL S&S ISA as & when available

This doesn't involve me contributing to my SIPP yet as my employer doesn't currently run a scheme & I want to see what they have to offer once their staging point has arrived (don't know when), at which point I'll definitely be putting in as much as I can to the SIPP. I'm also considering suggesting a salary-sacrifice in order to get things moving quicker with the SIPP. Also, there's a possible bonus due each year which I intend to put straight into the SIPP.

OK that's me done, deep breaths and into 2015 we go. Good luck everyone.

Sky_

Can I join please? Put me down for £12k

larlie1983

Please could I join? I am aiming for £2400. Hopefully I'll be able to increase my target later in the year but I don't want to demotivate myself by starting with a huge target which i'll probably get nowhere near.

freezspirit

For 2015, I'm going to try to be better at setting myself monthly targets and have only 2 savings accounts for the money so its easier to keep track of.


Good Luck everyone.

ccbrowning

Hi!

I'm not sure exactly how much I can save yet, but I'm sure £12,000 is more than feasible. Can you put me down, please?

GadgetGuru

Family holiday will eat into amount saved in 2015. So take £10k or so off for that, and I'll be aiming for £20k in 2015.