The "Save 12k in 2016" Thread!

Suffolk_lass

Anavand wrote: »

Hello everyone,

I am a long-term lurker and looking to get more actively involved. Thank you all for your inspiration, the things people achieve on these forums is amazing! :T

We have been saving a relatively small amount for a number of years towards a deposit for our first home. Two years ago we got the chance to move with my work so we are currently in Europe, which is why my savings figures are in euros (though some of our savings is still in sterling). The new job was quite a lot better paid and my DH has also been able to find work out here so between us, we have been able to save larger amounts. We are probably going to relocate back to England at some stage and buy a house there but in the meantime we are saving as much as we possibly can! I have set a target of €30000 for this year and have a good start to the year so far. I hope I will be welcome to gatecrash the board this far into the year. :rotfl:

Anavand, you need to submit a form (the update form in post 1) and PM Slowly fading to get on the team. Good luck
SL

Carrie85

Finally updating for February.
After my successful January, saving more than I expected (£1500), February has been a bit of a bust.
I only managed £200, after the cost of new glasses and only working a couple of weeks its smaller than I wanted, but still in the right direction. Feels a bit demoralising after the big Jan number, but need to keep pushing forward.
I wanted to average £800 a month so I'm still doing that.

March is looking likely to be low as well because although I've had more work than expected some other bills have come up so I'm not sure exactly how much of that I can save.

This is always the quieter part of my year when freelancing, so I'm still up on the last few years to what I would save, just want to see the numbers move up quicker. Patience is a virtue though, and the end of my year should be much more successful.

Anavand

Thanks Suffolk! I have filled in the form to go on the spreadsheets so hopefully will be added on there.

PoorGuyNextDoor

Can i join in please!! Im literally left with no money to pay a few bills coming off on Monday. Im £50k in debt with no emergency fund. Need to throw myself into a challenge like this to get an emergency fund behind me. Il go for £10k saved this year if thats ok. I say saved, most will be the emergency fund with about £3k paying off my credit card.

Stickleback27

Just updated for Jan and Feb. £1,150 total. Looking forward to a much better March, but will update at month end.

Anyone got any tips?!

darkidoe

Anavand wrote: »

Hello everyone,

I am a long-term lurker and looking to get more actively involved. Thank you all for your inspiration, the things people achieve on these forums is amazing! :T

We have been saving a relatively small amount for a number of years towards a deposit for our first home. Two years ago we got the chance to move with my work so we are currently in Europe, which is why my savings figures are in euros (though some of our savings is still in sterling). The new job was quite a lot better paid and my DH has also been able to find work out here so between us, we have been able to save larger amounts. We are probably going to relocate back to England at some stage and buy a house there but in the meantime we are saving as much as we possibly can! I have set a target of €30000 for this year and have a good start to the year so far. I hope I will be welcome to gatecrash the board this far into the year. :rotfl:

Nice.:beer: Whereabouts are you working? Cost of living will probably be lower compared to over here on the isle. You will probably be saving a higher percentage of your pay.

dark.knight_3

No #102 declaring another good month of 904.52 which brings my total to 2,640.24 or 29.34% of my 9,000 target. Quite chuffed with that:j

Seafoam

Having a crazy amount of problems with my phone; decided I'm going to take the plunge and buy an iphone 6, soon, outright. I figured it'll be cheaper than tying into a contract, in the long term.

Also, gym membership fees (£32 a month) is killing me... Knowing it could be my phone contract.

Also haven't been to the gym since last year autumn and I'm scared that if I cancel and want to rejoin later they'll charge me a higher fee:embarasse

On the plus side I got 2 slices of Starbucks chocolate cake for free just by being the last customer and being very smiley...

darkidoe

Seafoam wrote: »

Having a crazy amount of problems with my phone; decided I'm going to take the plunge and buy an iphone 6, soon, outright. I figured it'll be cheaper than tying into a contract, in the long term.

Also, gym membership fees (£32 a month) is killing me... Knowing it could be my phone contract.

Also haven't been to the gym since last year autumn and I'm scared that if I cancel and want to rejoin later they'll charge me a higher fee:embarasse

On the plus side I got 2 slices of Starbucks chocolate cake for free just by being the last customer and being very smiley...

Buy the iPhone 6 outright. It's always the cheapest option with maximum flexibility in terms of contract.

Cancel the Gym membership. £32 a month is ridiculous if your not even a regular. If you need to rejoin later, you will find a better deal for your needs.

bobobski

Seafoam wrote: »

Having a crazy amount of problems with my phone; decided I'm going to take the plunge and buy an iphone 6, soon, outright. I figured it'll be cheaper than tying into a contract, in the long term.

Also, gym membership fees (£32 a month) is killing me... Knowing it could be my phone contract.

Also haven't been to the gym since last year autumn and I'm scared that if I cancel and want to rejoin later they'll charge me a higher fee:embarasse

On the plus side I got 2 slices of Starbucks chocolate cake for free just by being the last customer and being very smiley...

Also they'd need to be charging you more than £32 x number of months since you've been for a workout more for the length of time you're a member when you rejoin. For the sake of argument, say you quit after 6 months and when you rejoin they charge you £5 more per month. It would take 38 months at £5 extra per month to match the unnecessary £32 per month you're paying now. In other words, if you'd quit immediately, that would have been a good idea if you'd pay an extra £5 per month if you had quit for at least 6 months.

I think. Maths is not my strong point.

When I was in your situation, I just quit the gym. :rotfl:

That Friends episode coming to mind for anyone?