The "Save 12k in 2016" Thread!

Carrie85

Finally updating again!

Managed to save £200 in April and £113.61 in May so far.
Finally got round to adding the interest I've earned this year to my total!

A bit disappointed with these amounts, but not expecting to be able to add any more during May.

Trying to keep in my mind that its a marathon not a sprint and at least its going up, but was hoping for a higher total by this point in the year!

The good news is that I have reached over £5000 saved total (including savings from the end of last year), so happy to reach that milestone overall.

Keep going all, thanks for the updates

bobobski

Sorry for the very slow update, but for April I saved £1,014.28. I think this was due to Thomson's payout really, as well as my normal savings. I hadn't realised it was so high! I may double-check later...

However, May will be terrible for savings. I'm not having a holiday this year but I am going to a festival, which I'm treating like a holiday. I've worked more weekends than I've had off recently, and getting to the office earlier and leaving later, so I really need it. I hadn't budgeted for it as I didn't realise any of my friends would want to come with me so it was a very nice surprise. So it's going on the Amex (cashback of course) rather than coming out of savings (loss of interest) and I'll pay for it by not saving as much this month and next.

Happy saving all

slowlyfading

Spreadsheet updated

Justonething

Sorry I haven't been about for a while but I was in an accident at the end of March and it's taken me longer than expected recuperating. Anyhow back on my feet now so I've updated the form Slowlyfading and managed to save £2000 in March and £2500 in April so back on track.

I'll need to read back and see how everyone is doing.

black_taxi_2

fund manager invested yesterday

£834

g/l all

Darksoul

#169 Declaring £987.52 for this month. :beer: It was annual bonus month so a nice little boost for my house deposit pot although this will probably even out a bit over the next couple of months as I have a few big bills coming in.

Gem-gem

£1000 put into two regular savers but I had to remove £300 from savings so only declaring a plus £700 for May.

ArmyDilllo

Just in case anyone's interested (some contributors did express some), I have restructured the way I invested this years' ISA (below).
I transferred the money I had put in two of the three funds:- (Artemis & Stewart) and ploughed that money into purchasing more BP shares.

I have also transferred money held in another ISA (2014) which I had invested in a Standard Life UK unconstrained fund (Ed Legget left it last year).
It was doing very well, but not since Leggett left.
I have ploughed that into B.P. shares as well now.
This means that I now have quite a large overall holding in BP, comparatively, all in an ISA wrapper.
Although I paid commission and stamp duty at purchase I am still up around £750.00 on this arrangement already.
My strategy is targeting even better medium to long term growth.
(BP's board intends to continue returning dividends of 7-8%, let alone any capital growth.)

{ 8-]

ArmyDilllo wrote: »

Just put £15,240.00 into a Shares ISA and £2,880.00 in a SIPP (£3,600 after that nice Mr. Osbourne gave me his gratuity).
I make that a total saving so far of £18,840.00.

If anyone's interested in how I invested my Shares ISA, I split my year's allowance five ways, pretty much equally.
I felt that I needed to diversify this year's allowance more than I have done previously.
I decided to be a lot more adventurous with it than I have been, based on my feelings of how things might go this year.

£6k in shares:-
£3k in B.P.
£3k in Royal Dutch Shell

9k in funds:-
£3k in Artemis Global Emerging Markets
£3k in Invesco Perpetual UK Growth, and
£3k in Stewart Investors Asia Pacific Leaders.

Hope this isn't considered advertising.
Wasn't my intention, just passive information.

I was disappointed to realise that the £20k ISA allowance doesn't happen until the next tax year.
Thought he meant 2016/17, when he said "next year" in his March'16 budget.
(DEMMIT!)

I started a business eighteen months ago and after a year of enforced poverty, have just started to take income (since January).
Am hoping this will allow me to make more use of my pension allowance later in the year.
I am reckoning on retiring in Feb'20 (at age 60), so my 25%+25% becomes more valuable the closer I get to the big day.

-Selene

Slowly Fading thank you for my number, I've now sent off four forms for my Jan-April savings for this year. I'd normally update mid-month but due to raiding my savings, I'll wait until the end of the month to declare May's, as that way my negative balance will be less negative once my SOs for the end of this week go in to three pots

I don't count Sealed Pot monies when I pot so will declare those whenever I break into my pot instead of on a monthly basis.

ToiletLicker

Hi everyone haven't really posted much on this thread. However I do read how folk are getting on.
I honestly didn't think I would make it this far, but have suprised myself.

Taking part has really shown me how much I was squandering on a regular basis with nothing to show for it!

To all those taking part.......
Keep up the good work!