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The "Save 12k in 2016" Thread!
Comments
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steampowered wrote: »The effect of the student loan on your income is the same as an additional tax.
Paying off your student loan is a bit like keeping savings aside to pay some of your income tax bill, just in case you earn lots and become a higher rate tax payer.
I really don't understand why anyone would do it, but each to their own.
If you're a higher rate taxpayer from the day you graduate due to your career choice, you might want to get it out of the way.0 -
Voted SF! Good luck!x0
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Done, slowly.“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!0 -
With pleasure SF. Have voted for you and well deserved too. Thanks for continuing to keep us all on track with our savings.Voted SF! Good luck!xlisa110rry wrote: »Done, slowly.
Thank you
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
Personal Finance Blogger + YouTuber / In pursuit of FIRE
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Voted
Good luck! 0 -
Spreadsheet updated
Unless a miracle happens, I am never going to meet my target this year
:rotfl:
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
Personal Finance Blogger + YouTuber / In pursuit of FIRE
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Voted for your blog SF. Great stuff.
My savings month now runs from 25th monthly when I get paid to 24th so I am declaring £2100 for August as being the gap between my spends and income. My savings accounts have risen even more than that due to my stocks and shares ISA performing very well at the moment but I have not included that otherwise it would be another £500 on top.
This means my target for 2016 has been reached two months prior to my OH retiring in 2 months time. We then get his lump sum though which is worth 12 years of my savings target. Just need to work out what to do with it.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.php0 -
Voted SF, good luck!"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%)0 -
Voted SF! Good luck
#127 declaring 1k for August! I'm excited this month because I hit 15k total saved! :jSaved so far - £28,890.97
~Selfish is the name that the jealous give to the free~Save 12k in 2019 #18 £5,489.43/120000 -
34 reporting £135 for Aug. A little less than last month due to extra expenses. Form submitted and sig updated :staradmin Star from Sue-UU
3 - 6 Emergency fund #24 £2273. Target £3,000
SPC15 #57 [SPC14 £195.50, SPC13 £114.08, SPC12 £215, SPC11 £183, SPC10 £209]0
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