The "Save 12k in 2016" Thread!

hydrangea_2

I'd love to join in for £6000! (My first ever challenge and ever foray away from the debt free wannabe board - because I'm a wannabe no more!).

lessonlearned

Can I try again please, didn't do very well last year.

Can I try for £12k.

Eco_Miser

Dird wrote: »

I guess we just make a note of total account balances on 01/01 and compare them with 31/12? What if you mess with S&S ISA?

You could do the same thing, or you could just count what you pay in (less anything you take out) so that your target isn't ruined by the volatility of the market. Decide which first, don't pick when you know which gives the better result.

Dird

Eco_Miser wrote: »

You could do the same thing, or you could just count what you pay in (less anything you take out) so that your target isn't ruined by the volatility of the market. Decide which first, don't pick when you know which gives the better result.

Well I don't have an ISA/investments currently. Was something to maybe look at mid-next year with Telegraph news tempting me with 20% returns :eek: more likely I'll just stick with filling the 3% CAs next year instead though then look at S&S/others in 2017

Buffythedebtslayer

Hello,
I tried this before.....can't remember when - sorry Slowfading! I was one of those who disappeared.


Can I join again? My aim is 4500 for the year.


Buffy x

slowlyfading

Dird wrote: »

I guess we just make a note of total account balances on 01/01 and compare them with 31/12? What if you mess with S&S ISA?

You need to do a monthly balance update so the end of every month. It's up to you how to decide with your s&s isas and how to include them.

slowlyfading

Spreadsheet updated

Our target is now over 1 million :j :j

cathybird

Dird wrote: »

What if you mess with S&S ISA?

I include the amount I put into my S&S Isa each month but don't try to include or track what the Isa is worth on any given day. Same with the pension.

darkidoe

I shall exclude the monthly sum i pay into the S&S ISA. Only include the Monthly Net gain in Cash savings.

Urchhhh

So bit of a long winded post sorry...
My goal is to have a £60,000 deposit when I am 30. 9 years from now. This means £6666.66 a year (odd number!). Me and OH are going to attempt half each, so £3333.33 but rounding it up to £3350 to make it a nicer number!


So my goal for 2016 is £3350! Its a staggering amount of money especially as it stand I have two maternity pays left and no job to go to! I will reassess the situation and lower the amount if need be!