The "Save 12k in 2016" Thread!

jenny+luke

Hi all,

Can I join in please? I'd love to save 12k this year, so far I've saved £7,817. Summer holidays are going to be low savings weeks as I have 3 children and like to spend most the time with them during school holidays so working will be minimum hours.

thanks x x

darkidoe

Seafoam wrote: »

Setting myself a mini goal for the rest of July: not to buy lunch at work and take pack lunch instead! Might as well have been handing out free fivers the way I was carrying on! :wall:

That is an admirable goal. Not an easy one I would say, but once it's a habit, it comes naturally. Good luck!

chelseablue

Number 36 declaring £900 for July.


It would have been more but we went away for the weekend and took £250 as spending money.


Determined to beat £900 in August

ArmyDilllo

Just received my first (2nd quarter) dividend from the BP and RDSA shares I purchased earlier this year within my ISA allowance.
I had already achieved my £20k target earlier in the year, but have now reported (via the correct form) a further £1,257.00.
I automatically re-invested the amount by buying more BP shares.

For those who follow such things, my BP shares alone are already worth £8.5k more than the purchase price.
But to realise that profit I would have to sell the shares.
I am growing all my investments by re-investing all the profits.
Part of my retirement plan is to exist by taking less than 60% of my annual growth/yield (not the seed).
I believe my growth will exceed my withdrawals and the difference will carry on being re-invested until I need it, or die.
:beer:

darkidoe

ArmyDilllo wrote: »

Just received my first (2nd quarter) dividend from the BP and RDSA shares I purchased earlier this year within my ISA allowance.
I had already achieved my £20k target earlier in the year, but have now reported (via the correct form) a further £1,257.00.
I automatically re-invested the amount by buying more BP shares.

For those who follow such things, my BP shares alone are already worth £8.5k more than the purchase price.
But to realise that profit I would have to sell the shares.
I am growing all my investments by re-investing all the profits.
Part of my retirement plan is to exist by taking less than 60% of my annual growth/yield (not the seed).
I believe my growth will exceed my withdrawals and the difference will carry on being re-invested until I need it, or die.
:beer:

Excellent stuff ArmyDillo. I recently received my first ever dividends from my diversified ETFs, in my ISA, roughly 1 percent of the whole portfolio for the 2nd quarter. I am thinking of reinvesting annual initially as the sums are relatively small at present, so the proportion of trading cost is higher. I am still feeling odd that the value of pound has fallen and this boosting my portfolio value, don't know what to think at all.

I am curious what is ur investing strategy and what does ur portfolio look like??

george4064

george4064 wrote: »

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

Every month I put £223 away to my firm's sharesave plan, which I haven't been including in my monthly saved figure. But when I think about it, it should be included!

If I weren't saving the money into sharesave I would be saving in other places anyway.

Therefore, I'll be increasing my June figure by £223 to £833.38 (£610.38 + £223) and my saving outlook looks much better now!

PoorGuyNextDoor

Well I originally said £10k when I signed up a few months back but after going round in circles money wise since then I will take it down to £6k in the bank at end of year now. I'm back at 0 with bills paid for this month so next month will be first month of saving anything so bring it on!!

PoorGuyNextDoor

As for the packed lunches I need to jump on that bandwagon!!!

slowlyfading

jenny+luke wrote: »

Hi all,

Can I join in please? I'd love to save 12k this year, so far I've saved £7,817. Summer holidays are going to be low savings weeks as I have 3 children and like to spend most the time with them during school holidays so working will be minimum hours.

thanks x x

Of course! I've added you to the spreadsheet - you're number 183

slowlyfading

ArmyDilllo wrote: »

I am growing all my investments by re-investing all the profits.
Part of my retirement plan is to exist by taking less than 60% of my annual growth/yield (not the seed).
I believe my growth will exceed my withdrawals and the difference will carry on being re-invested until I need it, or die.

This is what I'm doing, although I'm just at the beginning of my journey. You're doing great!