We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The "Save 12k in 2016" Thread!
Options
Comments
-
I've been waiting for this thread so I can make my first post!
Slowlyfading please can I be put down for £12,000, aiming very high but have to start somewhere!
Hello and welcome, Hairpin!Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.730 -
enthusiasticsaver wrote: »Thanks for running this again SF. I was #25 on the 2015 thread and am hoping to reach target on payday����
I am aiming for £15000 for 2016. Will be aiming to save In the following accounts
£500 per month in stocks and shares isa £6000
£500 per month in new Nationwide Flexclusive regular saver @ 5% opened yesterday
£250 per month in TSB regular saver opened in November so that will finish November 2016.
So a total of £1250 per month. Going to be tough!!!
Interesting I wonder how people calculate what's their savings? Is it how much you put away in per month and not touch, or overall increase in cash balance/Investments..
Save 12K in 2020 # 38 £0/£20,0000 -
Interesting I wonder how people calculate what's their savings? Is it how much you put away in per month and not touch, or overall increase in cash balance/Investments..
Everything added up at the end of the month
minus
Everything added up at the end of the previous month
In other words, net increase/decrease each month rather than any defined separate savings.0 -
Interesting I wonder how people calculate what's their savings? Is it how much you put away in per month and not touch, or overall increase in cash balance/Investments..
I calculate it as the amount I put away and do not touch. I have a separate fund for holidays, gifts, home improvements, car and one off annual payments for tv licence, insurances etc. This is usually the monthly surplus after our direct debits are paid, our credit card bills paid off and savings transferred. I also leave £800 in our current account - £200 each personal spends for OH and me, £200 food and £200 entertainment (meals out etc). The monthly surplus can be anything from £200 to £1000 depending on OH's overtime/weekend pay and fuel payments for private mileage which come out of his pay as he has a company car.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.
The 365 Day 1p Challenge 2025 #1 £667.95/£162.90
Save £12k in 2025 #1 £12000/£70000 -
Spreadsheet updatedBe 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
0 -
Ooh if you could add me, please! I would like to up mine slightly from this year to £9,000.Giant London-sized mortgage (started July 2017) £472,561 /£499,000 Current LTV 85%
S&S ISA £947
EF: £15,000£15,000 100% to goal
Renovation fund: £7,275/£10,000 72.5% to goal
Car savings fund: £9,580/£13,000 73.6% to goal0 -
I'd like to sign up for the next year, can you put me down for £12k?0
-
I'd like to sign up as well please!
In fact I've registered to be able to do this to help me keep a track of saving in 2016!
Is this savings such as those that are left alone and untouched to save for big purchase's (houses?)
If so then I'll aim for £12,000 in 2016 please!0 -
enthusiasticsaver wrote: »I calculate it as the amount I put away and do not touch. I have a separate fund for holidays, gifts, home improvements, car and one off annual payments for tv licence, insurances etc. This is usually the monthly surplus after our direct debits are paid and savings transferred. QUOTE]
I also have a separate account for temporary savings, for holidays, annual bills etc, plus a car account which covers any maintenance, tax, insurance and a bit over towards my next vehicle.
I am using this thread for long term savings for financial security.
The money will go straight into my ISA until that's full (sadly neglected). Then I will have to think about it.Grocery challenge 2017 January £158.74/£200
Grocery challenge February £100.91/£1900 -
enthusiasticsaver wrote: »I calculate it as the amount I put away and do not touch.
That is what I do too. I have 2 savings accounts - 1 is for long term savings which I count, and one if for savings for a specific purpose (holiday and a new boiler at the moment) so I don't count these.Moving on upSPC #382 ~ £40 banked
12k in 2016 #15. £541.91/£30000
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards