The "Save 12k in 2016" Thread!

rjrs0510

I am happy to declare £3,500 for February. I've been googling and researching various retirement places. Does anyone have any thoughts about buying a little stone cottage in Brittany ( with about an acre of land)? Once I become mortgage free...hopefully next month (YAY!!!) this might be a new savings goal!

As always well done to everyone; keep up the good work. Also, of course, thanks to Slowlyfading for keeping everything in order and updating everything for us!

SMGee

I'm reporting £1000 for Jan, I think there's a few pence either side but I need to work it out.

Feb is going to be amazing as I basically just had all my outstanding commissions come in for last year. But I need to work it all out before declaring. Plus, it probably means I'm going to overspend slightly out of excitement ha ha x

black_taxi_2

fund manager invested today

£834

g/l all

jessy-eve

Hi guys, just checking in... thought it was going to be a poor month saving wise as I splashed on a new tablet to replace my ancient, dying one! but some good news, have had an impromptu pay rise today so can up the amounts slightly over the year woooooo

gwyneth_valiant

Had some major expenses this month, so declaring slightly less for Feb: 550!

However, that said, I'm aiming to transfer the missing 150 for this month immediately on payday to my savings account in addition to the monthly savings goal.

Well done everyone! Seeing all these amazing numbers is really motivating :beer:

Tea&Biscuits

I'm trying so hard with this! It's so important that I get this cash saved!

Sold a couple of bits and bobs so far this month so got a bit more to add great!

Think I may have on average slightly more than £500pcm to save... Currently got it in 5% linked Reg saver account with tsb and 4% linked with hsbc. They only allow £250pcm...

Any suggestions as to another high interest Reg saver or way bank account with low pay in required?

gwyneth_valiant

You could try a H2B ISA with Halifax? 4%

Or an M&S regular saver - I believe it was 6%?

Squitchley

Can anyone help me? I'm very much new to saving! I recently opened a TSB 5% interest account, can I open a help to buy ISA in the same tax year?
Do I also have to pay tax on my savings? These may be really silly questions but I have no idea! :huh:

tempus_fugit

The TSB 5% account is not an ISA so yes you can open an ISA in the same tax year. You will be taxed on any interest that you make from your savings but from April this year you will be able to earn up to £1000 in interest without paying tax on it, if you are a basic rate taxpayer (£500 if you are a higher rate taxpayer).

Gem-gem

Transferred over another £9 to my regular saver isa.
Once again, will fill in the form once I make my final transfer for the month.