The "Save 12k in 2016" Thread!

Aliliva

Hi all! Can i join you little merry club? I'm trying to save up for a house deposit (so a veeeery long term plan,atm) and I could use a bit of peer support :beer:
I already have allocated pots for holidays, shopping, health and extras (although in worst cases scenarios they can be cut down and used to survive unemployment), so my target is on top of them. That said, this year I am trying to save £5300 and, so far, I've already put down £1900 :j For this month I'm quite ambitious and I hope to save at least some other £500, getting my total savings to £2400

Westie983

Aliliva wrote: »

Hi all! Can i join you little merry club? I'm trying to save up for a house deposit (so a veeeery long term plan,atm) and I could use a bit of peer support :beer:
I already have allocated pots for holidays, shopping, health and extras (although in worst cases scenarios they can be cut down and used to survive unemployment), so my target is on top of them. That said, this year I am trying to save £5300 and, so far, I've already put down £1900 :j For this month I'm quite ambitious and I hope to save at least some other £500, getting my total savings to £2400

Welcome Aliliva,

You will be allocated a number soon, welcome to the family,

hope you have fun, have a read the first page, what you can include in your savings, how others do it and the almost thing, keep up with updating it tends to keep you motivated..

;-)

tara747

Aliliva wrote: »

Hi all! Can i join you little merry club? I'm trying to save up for a house deposit (so a veeeery long term plan,atm) and I could use a bit of peer support :beer:
I already have allocated pots for holidays, shopping, health and extras (although in worst cases scenarios they can be cut down and used to survive unemployment), so my target is on top of them. That said, this year I am trying to save £5300 and, so far, I've already put down £1900 :j For this month I'm quite ambitious and I hope to save at least some other £500, getting my total savings to £2400

Welcome to the thread, Aliliva!

Tea&Biscuits

I'm still hanging on in there.

Wish I could muster up a bit more cash to save each month.

Hoping to bump up April's contribution a bit more yet.

Aliliva

I've just doublechecked my budget spreadsheet and realised my formula for the savings was wrong: it wasn't taking into account the monthly savings into the shopping pot :eek:
So, I'll have to revise the total saved only for the sake of saving, and take it down to a meagre £1250 :mad: Well, nevermind, my target is still unchanged and I'll try hard to meet it anyway!

[Deleted User]

Save_Dosh wrote: »

Hi, can I join in please. I have been saving and have £6,200. I am hoping to save £800+ per month. I fell from grace last year, as my circumstances drastically changed. Hope to make it this time. My lucky number is 3 - I think I was that last year - or 33, can't remember which one, if any of them are available it would be lovely. Thanks.

Apologies for putting this again, just thought it might get overlooked, as there have been loads of posts since. Looks like everyone is doing really well. I will probably only update at the end of the month. Thanks. xx

Dragon_Lily

Nice start to April with £70 earned from some hand knitted accessories at my local gift shop. I banked £50 and spent £20 on a lovely afternoon tea with my hubby

ArmyDilllo

Just put £15,240.00 into a Shares ISA and £2,880.00 in a SIPP (£3,600 after that nice Mr. Osbourne gave me his gratuity).
I make that a total saving so far of £18,840.00.

If anyone's interested in how I invested my Shares ISA, I split my year's allowance five ways, pretty much equally.
I felt that I needed to diversify this year's allowance more than I have done previously.
I decided to be a lot more adventurous with it than I have been, based on my feelings of how things might go this year.

£6k in shares:-
£3k in B.P.
£3k in Royal Dutch Shell

9k in funds:-
£3k in Artemis Global Emerging Markets
£3k in Invesco Perpetual UK Growth, and
£3k in Stewart Investors Asia Pacific Leaders.

Hope this isn't considered advertising.
Wasn't my intention, just passive information.

I was disappointed to realise that the £20k ISA allowance doesn't happen until the next tax year.
Thought he meant 2016/17, when he said "next year" in his March'16 budget.
(DEMMIT!)

I started a business eighteen months ago and after a year of enforced poverty, have just started to take income (since January).
Am hoping this will allow me to make more use of my pension allowance later in the year.
I am reckoning on retiring in Feb'20 (at age 60), so my 25%+25% becomes more valuable the closer I get to the big day.

slowlyfading

Save_Dosh wrote: »

Apologies for putting this again, just thought it might get overlooked, as there have been loads of posts since. Looks like everyone is doing really well. I will probably only update at the end of the month. Thanks. xx

Sorry! I have added up now - your challenger number is 176

slowlyfading

Buffythedebtslayer wrote: »

I haven't updated in a while but thanks to a PPI pay out and an insurance pay out my ISA now stands at 7000 pounds.

I appreciate it isn't saving as such but I could have bought a more expensive car or a holiday and I didn't, so to me it is savings.

if it is against the rules I can pull out.

XX

Not against the rules at all - you've saved it!