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The "Save 12k in 2016" Thread!

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  • Dird
    Dird Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    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?
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • £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
    RichyRich Posts: 2,091 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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
    #145 Save £12k in 2016 Challenge: £12,062.62/£12,000.00 Beginning Balance: £5,027.78 CHALLENGE MET
    #060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
    This is the secret message.
  • tmsbry
    tmsbry Posts: 39 Forumite
    Seventh Anniversary 10 Posts Name Dropper Combo Breaker
    Adding another £750 to the saving pot.
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,062 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£301.35
    Save £12k in 2025 #1 £12000/£8000
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    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
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • george4064
    george4064 Posts: 2,928 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • george4064
    george4064 Posts: 2,928 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • Lolly88
    Lolly88 Posts: 322 Forumite
    Tenth Anniversary Combo Breaker
    #002 declaring £1964.89 for June bringing total this year to £8750.
    Homeowner
    :j
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    Peter Hargraves co founder is good enough for me
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
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