The "Save 12k in 2016" Thread!

jessy-eve

Managed to save £460 this month off for the six weeks summer now so need to be careful!

enthusiasticsaver

I will be updating tomorrow when OH gets paid. At the moment it is all looking pretty healthy due to falling £ (Brexit) meaning my s and s isa seems to have gained 10% in value over one month as at this morning. May not last of course.

I am taking a wild guess at around £2k for July which means I am around £1250 short of yearly target with still 5 months to go but depends on how much overtime/tax/business mileage comes out of my OH's pay. He is retiring at end of October so only three more paydays to go. We will get a large lump sum from his pension in November which I think we will have to disregard for this challenge as I have been ignoring our pension contributions.

Next year's target will have to be a lot lower due to OH being retired.

garfield33

July update: 2016 is definitely back on track - £1242.35 saved this month, meaning £2058.59 for 2016 after a shaky start.
More excitingly (is that a word?), it also means I've saved a total of £40,000, which is something of an OMG moment for me and makes me wonder if it's time for that sabbatical from work! YOLO and all that...

enthusiasticsaver

Just updating with my figure for July as OH just handed me his payslip A bit higher than expected so I am declaring £2750 for the month. We actually have £2887 more in net cash assets (including S and S ISA) than last month but I am allowing £137 for a weekend shop and because I like round figures.

This is not as wonderful as it looks as £1857 of that is due to an increase in my Stocks and Shares ISA due to Brexit after allowing for my usual £500 monthly contribution.

Only £500 to go.

george4064

george4064 wrote: »

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!

Reporting £923 for July!

HTB ISA - £200
Nationwide RS - £500
Sharesave Plan - £223

Few cool things that have happened;

- this is my record amount saved in a normal month!

- my cash saved in bank accounts has doubled from Jan 2016 to Jul 2016!

- S&S ISA has recovered from the Brexit effects so far, this was significantly helped by selling the majority of my holding in a housebuilder in April this year leading up to the EU referendum result!

S&S ISA Portfolio price/performance since 31st Dec 2013 (Click here)

Domayne

#127 reporting my 1k saved this month.
It was going to be 0 as I still need to book my flights/hotel for my sisters wedding next year but the price has jumped nearly £200! So I'm going to keep an eye on the price and hope it comes back down soon before I book anything.

Frances109

#182 reporting £147.72 for July - not as much as I had hoped but I have just spent £780 on a 2 week holiday to the dominican plus paid off my credit card! On the brightside I'm now over the £2,500 mark!!

tara747

July update!


It was an expensive month including the aforementioned expensive holiday booking :rotfl: But that's my reward for reaching my £100k target, it'll be worth every penny and I'm really looking forward to it.


So I'm declaring a negative figure of -£377 for July, £5,959 so far in 2016 and £101,166 in total.


Back on it next month!

Dragon_Lily

#34 reporting £150 savings this month. Form submitted and sig updated.:)

bobobski

£617.38 for me this month.

A bit disappointing, since this was the month of backpaid salary increase from May and June, BUT I've actually been sensible for once - getting my YNAB all back into the green, and setting aside quite a lot into my annual expenses fund to help to avoid all those nasty oranges and reds! I've also allocated a BUDGET rather than a TARGET for each category... Means saving less but the whole budgeting philosophy easier to achieve in practice I hope.

I actually messed up one of my regular savers so I've really saved £667.38 this month but I think my submission gets me back square on the spreadsheet.

Ah well, next month...