The "Save 12k in 2016" Thread!

Justonething

I've updated the form and I am declaring £1,500 for January, this is lower than I planned however a close friend was badly hit by the floods over the xmas holidays and I lent some cash to help them replace some things while they wait for the insurance company payout so I know it will be paid back at some point.

Onwards and upwards into February..................

imajica37

Can I please be put down for £484 in January

This would have been a great month if I didn't have to pay out my 6 monthly service charge this month (£290) I could have actually saved £774 out of my £500 target.

My new frugality must be working I guess :T

Looking forward to seeing what I can do in February.

ourcornercottage

End of month total

Save 12k 2016 #59 - £398.75 for January.

Total £398.75/£3000

Ruthy1604

I've just submitted my end of month total. A whopping £2782.98/£28000!!:j

I feel like I'm cheating a little bit as some of this is employers pension contributions, but DH & I are counting down to retirement so it feels good to actually include all contributions to the 'pot'.

I'm not sure Feb will be so good, but I am on a mission.....

enthusiasticsaver

Do people include pension contributions in their savings figures? I guess logically they should be included but for the purposes of this challenge I am taking our net salaries as our monthly income figure (plus any other income or interest we get) and not including pension contributions.

Lolly88

There's no set rules, everyone's savings goals are individual so what they count as savings will depend on what they are saving for. If you're saving for retirement then it makes sense to include pension contributions, if you're not then it doesn't make sense to include it.

I'm saving for a house deposit as that is my main saving goal so for the purposes of this challenge I only count money that is going towards that and not my emergency/rainy day fund or pension contributions.

FlareStar

Hi all,

well done to everyone ...some impressive numbers! :T
Finally January is over!!:rotfl:

I on the other hand had a rubbish month:( a big fat £0 from me for this month...so disheartened right now....


however,

CC all paid off ( last of the xmas debt all gone!!!)
Train fare increase this month aswell :mad:

Hoping for a better Feb


a friend asked if I was interested in a holiday to Iceland later on the year as a joint birthday present to ourselves.....seriously don't know - im suppose to be money saving and this month was so poor.... feeling a bit deflated atm sorry guys for the downer

RichyRich

Don't be disheartened. These things happen and you have identified why you didn't save anything - because you were paying off your credit card (which is a POSITIVE thing as you are now starting with a clean slate and not in debt.

Onwards and upwards, we'll get there!

Wentthedaywell?

FlareStar wrote: »

a friend asked if I was interested in a holiday to Iceland later on the year as a joint birthday present to ourselves.....seriously don't know - im suppose to be money saving and this month was so poor.... feeling a bit deflated atm sorry guys for the downer

I would say go (unless you have debts). You've got the rest of your life to save money, this might be an unrepeatable experience which will give you memories and bonds friendship for the rest of your life.

I look back on things I didn't do, as I felt I needed to stick to my strict savings budget, and feel sad I can never do them now, because people have died, moved on etc.

It's important to look after the future, but not at the expense of the present (Wentthedaywell's word of wisdom for the day ).

ajdj

£446.34 declared for January. This is much lower than intended but I've 'invested' in 2 holidays for 2016! Snowboarding in March and a week in the sun at the end of June. Both were great bargains and something we were planning to do anyway so it shouldn't affect my annual savings total.