The "Save 12k in 2016" Thread! 28 November 2015 at 9:34PM edited 31 July 2016 at 9:34PM in Savings & Investments 1.8K replies 192.5K views

tara747

Hairpin wrote: »

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!

darkidoe

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..

bsms1147

darkidoe wrote: »

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..

Interesting how everyone does it a little differently, but for me

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.

enthusiasticsaver

darkidoe wrote: »

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.

slowlyfading

Spreadsheet updated

lessavyfav

Ooh if you could add me, please! I would like to up mine slightly from this year to £9,000.

tmsbry

I'd like to sign up for the next year, can you put me down for £12k?

dmackaywork

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!

summerlady_2

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.

frasersmum123

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.