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The "Save 12k in 2016" Thread!

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Comments

  • imajica37
    imajica37 Posts: 162
    Part of the Furniture 100 Posts Combo Breaker
    Forumite
    I have managed £717 this month and am very happy with that :j

    I can't believe that at the half way point I have save £4,689 and only have £1,311 to go :T

    This challenge has definitely motivated me to do better than i would have so huge thanks to slowlyfading for that :beer:
    Save £8,000 in 2023 #10: £49,148/ £8,000 :j
  • geoffers4
    geoffers4 Posts: 263
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Forumite
    edited 30 June 2016 at 6:54PM
    Well June has been a traumatic month hasn't it? Unexpected referendum result and political resignations majorly affecting stock markets - luckily I've only got a tiny no. of shares, so I'm not too worried about it. However in the longer term we are considering buying a small property overseas, so I hope the Pound recovers by then!

    Savings have gone fairly well this month, although I stumped up a wedge of cash for our extended family to go see no.2 son appearing in a musical at our local theatre. Also had some unexpected bills for car tyres and brakes, but they've gone on the credit card so won't actually get paid until August. Declaring £2406.01 for June (yes, I am including pennies!).

    3 years 3 months to go until FIRE (financial independence, retire early)

    Happy saving everyone.
    Save 12k in 2013-2014-2015-2016-2017-2018-2019-2020-2021-2022 - then early-retired.
  • Updated #59 £864.35 this month taking me over my yearly total.

    I'm raising my target to £6000 :)
  • XSpender
    XSpender Posts: 3,811
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    My house purchase completed last month and I have some savings left....phew....still aiming for £5000 by the end of the year and will be updating monthly from now on :)

    £2500/£5000
    Save £10,500 - £2673.77 - 25.5%
    Pay off £7000 - £1743 - 19.4%
    Make £2021 extra income - £99.75
  • Dird
    Dird Posts: 2,703
    Eighth Anniversary 1,000 Posts Combo Breaker
    Forumite
    edited 30 June 2016 at 10:12PM
    £2,992.15 for the month. Down on last month slightly.

    Now almost 3/4 the way to my target set at the start of the year & I've now set a new target of trying to reach £40k total savings by the end of the year which I'll round up to a target of £30k for this thread.
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • I would like to report £1329.70 for June bringing my total for the year so far to £8782.42
    "These things take time but I know that I'm the most inept that ever stepped"
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,393
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Ambassador
    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

    Yes I was amazed to read that too. Luckily I am with Cavendish or I would move too. Hargreaves is expensive. Look at Cavendish or Charles Stanley
    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.
    Save £12k in 2026 Challenge £12000/£12,000
    365 day 1p Challenge 2026 £667.95/£700
    Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
  • Hi everyone - well June has been a disastrous month for me, savings wise. I have had to dig quite deeply into my savings which I really hate to do, but could not be helped. My balance is £6.700 #176. I am hoping for a better July.
  • cathybird
    cathybird Posts: 17,038
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Morning all, no. 11 here declaring £1886.42 for the month, bringing my savings so far this year to £13,159.98.
  • lisa110rry
    lisa110rry Posts: 1,794
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Forumite
    Slowly, hope all is well with you. I think I made a mistake on my update for June (I'm number 101). The total of my savings for June is £9170, simply because a friend repaid a loan made over five years ago and I got my pension lump sum.

    Hope you and yours are well.
    “And all shall be well. And all shall be well. And all manner of things shall be exceeding well.”
    ― Julian of Norwich
    In other words, Don't Panic!
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