The "Save 12k in 2015' Thread!

mattdeeks

#177 £908 this month, boom! £908 / £5000

boglehead

edinburgher wrote: »

They have the same net effect for you (more money), but as you're repaying a negative, I wouldn't count them

Although Id feel better about myself if I counted it as savings/investment, I think I agree with you. It doesn't sit right with me, as it wouldnt prevent me from borrowing again in the future.

I should feel bad about borrowing in the first place...

I will leave it out then. Thats what i did last year as well, and i still managed to save a sizable chunk of cash.

Thanks for your opinions

nomemory

Hello everyone..well done for surviving January...thought payday would never come

Managed to save £1,400 this month. It's much more than I'll be able to put away each month now I've got the house but had a little extra saved from the very end of December.

Loads to pay for this year so gotta stick to it! I've even got a seperate pot for xmas 2015 :xmassmile

jacci45

No 143...having a good day, another £100 so now 973/5000.

anonymon

#122 - January 2015 - Saved about £3k


(Edit: Although I'm going to have tax to pay for some of that money when I next do my return so... not exactly sure how that works. I guess at the end of the year I'll take 20% off my total to be fair?)

mattdeeks

Another £240 today. £1148 in total for January

grogan777

looking to sign up this year. Sorry its late.

Hoping to save £6000 this year.

going to declare £1350 now for January

Daydreamers

Expensive month (broken boiler- no heat etc for a week) so nothing to declare apart from what's gone into my sealed pot.

Bank reconciliation and new budget (YNAB?) will be done tomorrow. Need a frugal February to get started on this.

Twiggy_34

boglehead wrote: »

Although Id feel better about myself if I counted it as savings/investment, I think I agree with you. It doesn't sit right with me, as it wouldnt prevent me from borrowing again in the future.

I should feel bad about borrowing in the first place...

I will leave it out then. Thats what i did last year as well, and i still managed to save a sizable chunk of cash.

Thanks for your opinions

There's a group on here for paying off as much debt as you can in the year which might work well for motivation alongside this group for saving. I used it for 2 years before becoming debt free and being able to join here.

There's also a Mortgage Free in Three (years) group which you could join (although this is the last of the 3 years for the group I'm in) too if it would help. You don't have to be clearing your mortgage in that period, just a goal to reduce it by, e.g. I'm making overpayments on mine and set a goal to reduce by £8k in my first 3 years. I will only have had a mortgage for 3 years later this year, so I wasn't sure what to aim for and that seemed a safe bet and I'm currently set to overshoot my goal.

BritishBibliophile

Chucked another £48.26 in to the house deposit.

#163 new total: £164.93/£2500