The "Save 12k in 2016" Thread!

darkidoe

bobobski wrote: »

Anyone else who uses YNAB miss the feeling of being rich on payday?? I used to look at my bank balance and think "wooohooo I'm basically a millionnaire!" but now, once I've allocated the money and realise there's actually not much in the "just for fun area", I feel sad

I feel awful poor as well after squirreling my cash away into myriad of interest earning accounts. Even worst this month and the next, I will be using up my ISA allowances for S&S ISA, virtually emptying my cash savings. Look forward to refilling the various pots again and see the monthly interest creep up again tho. It's feels like one of those games where you farm for resources and watch the numbers grow.

darkidoe

RichyRich wrote: »

Thanks to slowlyfading for the thread and thanks to everyone for keeping it going - the support on here is a major factor in keeping me motivated and maintaining the discipline to keep making a go of it.

Not bad to say January was negative. Onwards and upwards!

Well done we are only 3 months in and you are already half way there! :T

Must say this is a lovely community here to up my motivation.

tempus_fugit

£971.40 for March.

Bruce_Bumba

RichyRich wrote: »

Starting balance was £5,027.78 so total savings for 2016 so far are £5792.42 so I still have £6,207.58 to save in the eight months left of the year which averages at £517.30 per month. My ‘committed savings’ is £300 in FD and £250 in TSB so hopefully that’s all taken care of barring some emergency that means I need to plunder my funds (or a big holiday - you know, whatever).

Hi Rich,

I'm not a math wizard or anything but don't we have 9 months left this year?
Also, whether it's 8 or 9 months left, if you have £6207.58 to save I think your £517.30 average looks a bit light. Maybe I'm missing something, wouldn't be the first time.

RichyRich

Note to self: refrain from going out for a quick drink after work and then coming back and trying to do your 'Save £12k in 2016' update. It will only lead to disaster.

You are of course correct. There are nine months to go and an average of £689.73 a month to save, which sounds more like it.

Happy Easter everyone.

RichyRich

darkidoe wrote: »

Well done we are only 3 months in and you are already half way there! :T

Must say this is a lovely community here to up my motivation.

Hi - while that is true my savings will always be skewed towards the beginning of the year because where I work bonuses are paid in February, so can always put away more in Feb than any other month. Still, the figures are motivating.

Thanks all for your kind words

bobobski

Richy it's you and those drinks again

jessy-eve

submitting total for March as £582.49. Pleased with this! total for this year now at = £1324.26.

Happy Easter weekend everyone!

Anavand

Thanks MummyTummy I will check the blog out :T

ajdj

£1,184.45 declared for March. Starting to get back on track