The "Save 12k in 2016" Thread!

bobobski

Hi all, sorry, long time no see!

Not a huge amount to report from me except that my May figure is £558.16 and June is looking to be similar. This is a bit more than half what I should be saving per month, but all the money has gone towards a holiday of sorts - a festival! I didn't plan for it, as I didn't expect I'd be able to drag anyone along, and since I've wanted to go to this one for a decade I didn't mind the expense. Better than this time last year when I would have gone into debt to pay for it! Admittedly I did use my Amex for some of it, but only to get cashback rather than lose interest on savings.

Chunky Amex payment coming out at the end of this month, but then I should be back on track and I think pay increases take effect at the end of July too - and bonuses. These haven't been announced yet but my boss has made it pretty clear what he's going to try to get me. If that's correct, my savings target will increase to over £1,000 per month, but I'd already built this into my yearly target for this challenge.

Here's to getting back on track - looks like that's the theme around here!

enthusiasticsaver

No 46 reporting £750 this month. I now calculate my savings figure by taking the difference in my net savings/bank accounts last month from this month and it is £752 but I like round figures

Strangely enough I thought with downward pressure on investments due to Brexit my portfolio would be down but as at today it is actually up £3-400! Weird but it is a well diversified fund and based in USA so does not look to be unduly affected so far.

Dird

enthusiasticsaver wrote: »

I now calculate my savings figure by taking the difference in my net savings/bank accounts last month from this month

How was you calculating it before?

[Deleted User]

£465 added to savings from end of June wages. Hoping to round that up to £500 by the end of the month. New total will be £3465 (or £3500 if I can make it to there).

RichyRich

Declaring for June.

Current balances:
First Direct Regular: £2,100.00
Natwide Regular: £3,500.00
TSB Regular: £1,500.00
TSB Classic Plus: £2,000.00
BoS Classic Vantage: £4,680.66
Current balance across all accounts: £13,780.66

Balance last month: £12,702.50
Starting balance: £5,027.78

Saved in June: £1,078.16
Saved year to date: £8,752.88
Still to save: £3,247.12

tmsbry

Adding another £750 to the saving pot.

enthusiasticsaver

Dird wrote: »

How was you calculating it before?

Just adding up the amount paid into my stocks and shares ISA and my 2 regular savers.

Now I have opened 5 more current accounts paying interest and 3 more regular savers which involves moving money between accounts a lot more rather than new savings. Now I just take the balances of all accounts and my s and s ISA which obviously moves up and down all the time then subtract credit card balance to get net figure for each month.

black_taxi_2

shocked to learn financial advice firm Hargreaves Lansdown gave £3.2m to the Leave.EU campaign.

that's where ive been investing,i cant be a hypocrite

closed my account

looking to save elsewhere

george4064

george4064 wrote: »

Solid month for May, £700 in total.

I did something I've never done before and withdrew dividend income from my S&S ISA (so that has boosted my current account balance by £307). That was made up of 4 dividends all paid in the end of May, [gotta love income paying stocks!].

Saved in May as below:

HTB - £200
Regular Saver - £500

Glad to say, another good month to report! £610.38 in total.

Applied for two internal jobs in London, both are at a company that is another company within the Group I work for. I really hope they materialize, the roles are far more interesting that what I do now, I want to move to London anyway (friends up there, better social life) and the salary is better.

I fear that the EU referendum will make them longer to respond, and worst case scenario they might scrap the roles altogether due to Brexit.. I really hope that isn't the case though..

Happy saving everyone! Some inspiring posts as always!

Saved in June as below:

HTB - £200
Regular Saver - £410.38

george4064

black_taxi wrote: »

shocked to learn financial advice firm Hargreaves Lansdown gave £3.2m to the Leave.EU campaign.

that's where ive been investing,i cant be a hypocrite

closed my account

looking to save elsewhere

This is not true.

It was Peter Hargreaves, co-founder of HL who donated the money. It was not the firm who donated it, the firm publicly announced it had a neutral stance on the EU referendum.