The "Save 12k in 2017" Thread!

5t3ve

(Slowlyfading I've updated the easy update form with the below)

Reporting in with my March savings progress. Absolutely abysmal month - renovating a house is expensive and it's seriously making me doubt whether I can achieve my target this year... I'll keep at it!

£100 - Junior Stocks and Shares ISA (for my baby daughter)
£13.79 - March interest gained from TSB and Nationwide high interest current accounts (transferred to S&S ISA)
£125 - Sharesave Scheme

Total - £238.79 / 2017 Running Total - £1,920.93

Wanna_Bee_Free

Sorry to hear you are having a tough time Pooh bear and steve.
I have managed another £625 this month split £250 Sharesave and £375 regular saver.

I've got all my financial records into a right mess this month so might need to recreate a bunch of things or start afresh. Anyone use anything other than Excel and YNAB for this? I hate reworking stuff so might just do a fresh start instead.

Thanks Slowly fading for looking after this thread.

Saving is harder than it looks!

baldeagle09

Any point in saving with inflation rates so high?
Logical solution would be to take out 0% balance transfer and purchases credit cards?

try_harder

Updating today £1000 a month target saved plus a little more so thats January ,February and March .Sorry for the very late update .Now hoping for the one thousand plus this month too ,i am very happy with the results so far.

try_harder

Sorry i forgot to say number 95

cathybird

hi all, no. 38 reporting £471.49 for March, bringing the yearly total so far to £3,409.41. April is likely to be expensive.

nat21luv

bobobski wrote: »

For weird accounting/YNAB reasons I've already saved £400+ for April so I'm hoping for a much better month. And it's LISA month!! Anyone else waiting for announcements of savings LISAs? I've already transferred £200 into my HtB for the month in anticipation of a switch - although unlikely!

Happy second quarter everyone

Me! Looks like its going to be Nutmeg for the LISA and move my Halifax H2B over eventually. I'll open it up on the 6th with £1 and play it by ear.

Wobblydeb

baldeagle09 wrote: »

Any point in saving with inflation rates so high?
Logical solution would be to take out 0% balance transfer and purchases credit cards?

Yes, saving has a lot more going for it than just the interest you earn. It is a marvelous way of making you value what you buy. It is much harder to part with cash that you've worked hard to save before spending. It also saves you paying interest on taking OUT loans to buy bigger stuff like a car. Or having to eat beans when your boiler breaks down. Or a myriad of other good uses for a pot of cash.

Those 0% balance transfer or purchases credit cards are still debt, and have to be paid off eventually..... or am I missing something?

george4064

george4064 wrote: »

Declaring £938.77 for February!

HTB ISA - £200
Sharesave - £223
Nationwide RS - £400
P2P - £115.77

Managed to keep up January's momentum which I'm really pleased about, plus I have started to think about buying a house (ultimately what I've been saving for) which is pushing me even more!!

I'll find out my annual bonus in March and will get paid as part of March's paycheck, fingers crossed its good!

Well done all, some great positive vibes coming from this thread.

Declaring £2,459.59 for March, breakdown below.

HTB ISA - £200
Sharesave - £223
Nationwide RS - £500
P2P - £1,536.59

Posted my S&S ISA Transfer form yesterday, moving to AJ Bell YouInvest. I know they're not the cheapest, but they have recently improved their regular/dividend re-investment services which now satisfy my requirements that previously only HL could do. Fingers crossed it goes through smoothly, and once its all moved to YouInvest I will probably be contributing more as I make the most of its flexible regular investment service!

Keep up the great saving all!

enomis

enomis wrote: »

February update and also submitting on the update form. Unfortunately I'm reporting a negative figure of -£18.67
This was due to an unexpected solicitors fee of over £800 plus I booked flights to New York for Easter

I think it make more sense not to draw down my equity release loan until I need the bulk of the money (or until the last draw down date, which ever comes first) as I can't earn interest at a high enough rate in savings to cover the interest being added to it, so until the premium is due I will be dipping into my savings (and cash reserves). Hopefully next month will be positive.

Very happy to report savings of £6341.60 for March! Although the temptation to spend is great, especially as it's my birthday today. The reason for the large amount is because my lease extension is nearing completion so I have drawn down my equity release loan and recouped all that I've paid out in the last 6 months.

Well done to everyone, no matter how big or small the amount, it all adds up.