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The "Save 12k in 2016" Thread!

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  • Kreacher
    Kreacher Posts: 86
    Fourth Anniversary
    Forumite
    edited 5 July 2016 at 10:45AM
    #110 = Just my usual £500 again this month. I really wanted to have just a little more this month but car insurance and other bits to pay instead. I've started to feel really disappointed when I only save my usual £500 but I need to remember that £500 is so much better than nothing and so much better than being in debt like I was before.

    Don't think I'll be able to get over £500 this month as the car needs some work done to it and I have no idea how much it will cost. We will see.

    Still on track to beat my original target :D Total so far is £4400 :D
    Save 12K in 2017 #023 = £1345/ £6000 (22.41%)

    Save 12K in 2016 #110 = £7500/ £6000 (100%)

    20k by April 2018 = £8845/ £20000 (44%)
  • tara747
    tara747 Posts: 10,238
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Forumite
    June update from me (drumroll please):

    I saved £1,615, which makes my 2016 (to date) total £6,336 and my overall total £101,543.

    I did it!!!!!!!!!!!!!!!!!!!!!!! I finally hit £100K!


    :beer:
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    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • Westie983
    Westie983 Posts: 5,215
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Forumite
    tara747 wrote: »
    June update from me (drumroll please):

    I saved £1,615, which makes my 2016 (to date) total £6,336 and my overall total £101,543.

    I did it!!!!!!!!!!!!!!!!!!!!!!! I finally hit £100K!


    :beer:
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    Can I hear a

    WHOOP WHOOP!!!


    Well done Tara

    :-)
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income 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 MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • sofarbehind
    sofarbehind Posts: 400
    Seventh Anniversary 100 Posts Name Dropper
    Forumite
    Well done Tara!!! That is amazing and I hope you are celebrating your achievement.
    Mortgage overpayments 2018: £4602, 2019: £7870
    Mortgage overpayments 2020: £4620
    Mortgage 2017 £145K, June 2020 £112.6k:o
  • kitjos
    kitjos Posts: 223
    Tenth Anniversary 100 Posts Combo Breaker
    Forumite
    tara747 wrote: »
    June update from me (drumroll please):

    I saved £1,615, which makes my 2016 (to date) total £6,336 and my overall total £101,543.

    I did it!!!!!!!!!!!!!!!!!!!!!!! I finally hit £100K!


    :beer:
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    CONGRATS TARA!! :T:j

    You did it! You got over100k - that's insane! :eek:

    So, whats the goal now?? Keep going or spend a little ;) xx
    "Don't underestimate the value of financial security"


    Wanting to be mortgage free by 45. £155,000 start / £86,880 currently

  • darkidoe
    darkidoe Posts: 1,131
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    Arbury. It's been years since I lived in that part of the town. Ahhh fun times. £80 000 cash savings seems like a very tough goal. But I think any target you set yourself would seem like a slough. I value my savings so much more and appreciate how difficult it is to accumulate it.

    Save 12K in 2020 # 38 £0/£20,000
  • darkidoe
    darkidoe Posts: 1,131
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    tara747 wrote: »
    June update from me (drumroll please):

    I saved £1,615, which makes my 2016 (to date) total £6,336 and my overall total £101,543.

    I did it!!!!!!!!!!!!!!!!!!!!!!! I finally hit £100K!


    :beer:
    :beer:
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    :beer:
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    Amazing! That's my goal for my net worth! Needs a couple more years of frugality tho. :/

    Save 12K in 2020 # 38 £0/£20,000
  • mummytummy
    mummytummy Posts: 983
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Forumite
    tara747 wrote: »
    June update from me (drumroll please):

    I saved £1,615, which makes my 2016 (to date) total £6,336 and my overall total £101,543.

    I did it!!!!!!!!!!!!!!!!!!!!!!! I finally hit £100K

    :beer:

    Well done tara, fantastic achievement, hope I can be in your position one day :beer:
    MFiT-T7 #17 (Jan 2025) $193k (Apr) $177k (July) $159k (Oct) $139,900 (Jan 2026) $123,000 (April)$104,700
    (July) $89,000 (Oct) $71,400 (Jan 2027) $ (April) $ (July)

    SPC 29 #6 £26.70
    Regular Saver A/C (24/25) £2800 (25/26) £2484.23 (26/27)

    SPC’s (1)£27.19 (2)£728 (3)£1471 (4)£357 (5)£435.18 (6)£1114.92 (7)£1492 (8)£392 (9)£1952 (10)£1866.65 (11)£1177.74 (12)£1445.39 (13)£1608 (14)£603.30 (15)£672 (16)£2563 (17)£1300 (18)£353.50 (19) 2751.30 (20)
  • bobobski
    bobobski Posts: 771
    Seventh Anniversary 500 Posts Name Dropper Chutzpah Haggler
    Forumite
    edited 6 July 2016 at 6:47AM
    Tara dear, well done!! How long did that take you? Any tips??!!
    darkidoe wrote: »
    Arbury. It's been years since I lived in that part of the town. Ahhh fun times. £80 000 cash savings seems like a very tough goal. But I think any target you set yourself would seem like a slough. I value my savings so much more and appreciate how difficult it is to accumulate it.

    I agree, I think any decent target looks daunting from the bottom. I hope it's largely about keeping up the motivation and not falling off the wagon by saying "sod it, I'll never reach my goal but I've got a bunch of money, let's go spend it!". Something I'm prone to do :\
  • george4064
    george4064 Posts: 2,964
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    Congrats Tara! Great inspiration for all!
    "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%)
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