The "Save 12k in 2016" Thread!

boglehead

Dird wrote: »

I forgot to ask in the last reply...If +25% but only 11% from savings, investment in brokerage account and debt repayment where was the rest from? I guess 14% wasn't all mortgage payments?

The rest comes from investment appreciation (mostly stock market), dividend payments, repayment on principal with mortgage payments, stock options grants from my and my wife employers, and a bit of real estate capital gain.

This definitely is more than what my beginning of year target was (planned at 15% and landed on 25)

slowlyfading

YoungBusinessman wrote: »

After reading that different people are doing different ways to calculate the savings can I be a pest and change my target amount please SF. I put save £15k but after some thought I'm trying to save while paying off debt so The easiest way is to increase my net worth. That's the way I want to do this challenge - seen a few others doing it this way. The new target will be increase net worth by £30k. Thanks !!

So you want your new target to be £30,000?

slowlyfading

Spreadsheet and front page updated

Please can you make a note of your challenge number (they go up to 107 so far) and put it in your sig? That'd be very helpful

s1ipmatt

Can I join please. I aim to save £2,500 in 2016.

2015 thread really helped me

frasersmum123

Sorry SF. Can I be a pain and reduce my target. The last couple of days have brought some changes around which means I wont be able to save as much next year as I had hoped. Would rather reduce my target to something manageable than aim too high, with not a hope of reaching it and then get demotivated.

Can I amend it to £3000 please :heart2:

daveyjones95

First post, I saw the thread last year and set a personal goal for myself for £5000, which I managed to pass!

So for 2016 i'd like to set a tougher target at £13,000, so wish me luck and hopefully i'll contribute more to the forum this year also.

frasersmum123

Welcome to MSE Davey

Kreacher

Please can you put me down for £6000 It's my first year so might save more but want to be realistic!

Maximum_Saving

I did well from November 14 to November 2015 to save £3600 in a regular saver. That gave me 6 percent interest for one year. I put £3000 on that money in a bank that gives 5 percent interest. I am going to pass £250 of it per month to go into a 5 percent interest regular saver. This November 2015 I began another regular saver which I will pay into at £300 a month.

I am trying to overpay my mortgage so that is where most of my money goes to. When my mortgage ends I want to save more.

geeovana

Can you add me for £17500