The "Save 12k in 2016" Thread!

Westie983

Save_Dosh wrote: »

Hi, does anyone know how I can find the percentage of something on a calculator - duh ..... I really don't know. I have saved 6,200 out of 12,000 and I was wondering how to calculate what percentage I have saved of my total on a calculator. I did used to know a really easy way, but can't remember and I have googled it, but I can't find what im looking for. Thanks in advance.

Take your first number (saved so far) divide by your second (Total) x 100 to make a percentage.

6200/12000 * 100 = 51.66% of your total saved so far.

[Deleted User]

Westie983 wrote: »

Take your first number (saved so far) divide by your second (Total) x 100 to make a percentage.

6200/12000 * 100 = 51.66% of your total saved so far.

Thank you so much.

darkidoe

ArmyDilllo wrote: »

@darkidoe
Sorry, I should clarify that is just what I've invested so far this tax year (2016/17).
It is not my whole portfolio, by a long shot.
The rest has been focussed much more on 'safe' funds in the UK and Europe.
I use the 'pyramid' approach to all my investing:-

Build a 'safe' base layer.
Then you can be a little more adventurous with the next layer.
And the next.
Etc etc etc.
I have been fortunate enough to have been doing this for a while and am almost at the point where the profits of this strategy become self-funding and perpetuate my investments for future years.
At which point I will retire and attempt to live via the 4% rule.

Nice! Another FIRE starter? I am planning to do that myself. I am currently building my broad diversified base. How many % of your allocation are you allowing yourself to pick stocks? How far are you from FI based on the 4%?

I am sure there must be quite a few of us on here. :j

Kendall80

ArmyDilllo wrote: »

In olden days the druids would be shouting, "It's a sign! It's a sign!" and sacrificing their perkiest virgins.

{ 8-]

That sounds very wasteful.

Aliliva

Hi fellow savers A question for you all: I have a regular saver account connected to a bank account, adn I'm considering moving the latter to another bank, as the high interest period is finishing. Can I move only the bank account keeping the regular saver or do I have to move both?

Westie983

Aliliva wrote: »

Hi fellow savers A question for you all: I have a regular saver account connected to a bank account, adn I'm considering moving the latter to another bank, as the high interest period is finishing. Can I move only the bank account keeping the regular saver or do I have to move both?

If its nationwide then I would say yes, as you can fund the regular saver by cash or faster payment from another account, no requirement to fund from the bank account.

checking the T&C's there is no mention that you have to keep the account open, only that you have be a account holder when you open.

I have mine with 1p in it and moved banks but didn't switch so that maybe a option, as you get other benefits from being a current account holder, like the flexclusive accounts.

Aliliva

Westie983 wrote: »

If its nationwide then I would say yes, as you can fund the
I have mine with 1p in it and moved banks but didn't switch so that maybe a option, as you get other benefits from being a current account holder, like the flexclusive accounts.

that could definitely be my way forwart, thank you
I was thinking about switching only to get the cash bonus of say first direct, while opening another account with lloyds to be my main account (and that would be a switch from barclay, which is my main account at the moment, but paying nothing). But maybe I can just open the LLoyd one, manually switch my DDs and my salary and theen switch the barclay to FD to get the bonus :cool:

Does it seem feasible?

Westie983

Yes open a donor account at a bank where you already hold one, set up 2 DD on this one, then switch that one, doesnt have to be the actual one you use for your main banking.

Just make sure you read the T&C's of the bank account switch, so for FD it requires you to switch then fund the account with 1k within three months to get the incentive.

So open a donor account barclays before you switch to lloyds, then switch from barclays to lloyds, then the new barclays account to FD.

If you are confident you will qualify for three bank account in such a quick succession.

Gem-gem

My friend is looking at changing her bank account. I'm Hoping that my she will choose the Nationwide and we can both receive £100. (And I can then add it to my savings pot).
Have been doing a bit of money sort out this week. Rang a pension company - had a light bulb moment - that my serps from the age of 18 - 32 had been going into a private pension. Haven't had an update since 2003. Awaiting for an updated statement. Hopefully, it will put a little smile on my face.
Also whilst I was in my accounts folder, I found a letter about an old credit card talking about PPI. I have now filled in two forms for two different companies, hoping to get PPI back for morgage, car loan and 2 credit cards. Any monies received will also go in my savings pot.

I use to look forward to pay day so that I could go out and spend. Now I count the days till I can save! Is anyone else the same? I also find that I put the money away to buy things. Then find that I don't want to take the money out!!

brizzledfw

Hi all

Doing an update as don't think I will be able to salt away anymore this month unless I get some sales etc, which feels unlikely as all decluttering is going to the CS at the moment.

Really pleased though..£1859.17 for April. Go me!! Can't repeat it next month, but this thread is helping me push on in the months when I can put quite a bit away. Thanks all.

Hope everyone has a good week