The "Save 12k in 2017" Thread!

cydney65

Declaring £292.49 this month. This is a bit rubbish but I bought 2 concert tickets and helped daughter out financially as she and her husband are separating

Must try harder!

CydneyX

qwertysaver1

#40 declaring £1338.83 saved for Feb (update form submitted)

Tom86

#137 reporting in for February....bit of a shocker this month which I will blame on a skiing holiday....only saved £210...

pearl123

No 155
Unfortunately, it's £0 this month. I had high dentistry costs plus I had to buy a passport.
I'm still very focused on saving.

Kreacher

£55 net savings for me this month ... I have put away my usual htb isa and regular saver money but that's cancelled out by a larger than usual credit card bill. Bigger numbers should start next month

giggleyay

#72 Checking In (Form already submitted) with £332.98 for February.

It's a bit of a small number but it's truly the most I can manage this month. I always seem to have more month than I anticipate lol. As someone said before on here... It is both inspiring and discouraging to see all the big sums of money being saved on here. Makes me want to try harder.

Going to have a conversation with my other half tonight and brainstorm ways to cut our budget I think!

mummytummy

#017 updated for February, £765 :j

giggleyay

Do you guys track all saving in this challenge?

I know it's kind of a personal choice thing but I'm not sure what to do about my Rainy Day Funds. :huh:

Since January I have saved an additional £411.18 in my RDF but I have not counted this in my total as I will be spending some of this money this year (Like my Christmas fund). I initially didn't want to count this money and have my total dip at some point.

Now I am wondering if it would be infinitely more satisfying to count my total savings and just not worry too much about the dip later in the year... Or ignore it completely as I will still have saved that amound ultimately. It's still progress after all!

Adding this amount will jump my progress from 11% to 19% which is nothing to sniff at!

What do you lovely lot do?

Mogley

My method is:

Total saved = (month end c/a balance + total month end savings accounts balances) - (month start c/a balance + total month start savings account balances).

c/a is the main account I use.
savings accounts include: interest paying current accounts, regular savers, JISAs, S&S ISA (not including growth), child savings accounts. I do not include company pension contributions.
In the 'savings accounts' is my emergency fund. I am currently using it while my OH is on SMP. You will see by my signature that I haven't saved anything this year (actually -£277.08) due to the way I calculate my savings but my target still remains at £5k.

So in answer to your question, my method says to include it in this month's update. When you spend it, take it away from that month's update.

Suffolk_lass

giggleyay wrote: »

Do you guys track all saving in this challenge?


What do you lovely lot do?

I track my savings in a couple of spreadsheets - the easiest one is my grocery challenge spreadsheet where I track my spending, against my target (in the old-style moneysaving part of these forums).

Underneath my spending, I now record my Tilly-tidying - that is all the rounding down adjustments I make to both our C/A - at this point that is all moving to our emergency cash-stash - we are aiming for £10k there - in a bank instant savings account. My monthly total is based in this total for the month plus the additions to DH's S&S ISA and any remainder in each account on pay-day.

My second spreadsheet tracks my current account spending (for each account), my debts, my long-term savings, my budget (annual and monthly) my itemised growth is savings, and my meter readings.

Just to show how totally sad I am, I also have a holiday spreadsheet to track what I have pre-paid and budget to pay for this year's holiday (we travel independently) and a pension tracking spreadsheet. Oh yes, and a group holiday spend and consumption tracker. I have realised I like a nice spreadsheet, me!