The "Save 12k in 2017" Thread!

imajica37

I have managed £2,844 in April which brings me up to £4,391 for the year so far :j.

Jazee

Today I have added £255.59 to my savings for April to keep me on target for £4k up to now, £12k hopefully for the year. It's a good job I was a little ahead.

The last two months have been difficult, who knows what the future months hold, and this month we had a weekend away and had to buy a new to us car. Neither were planned.

Hopefully May will be better.

Kreacher

All my regular savings are done - a credit card payment for holidays gives me a net of £400 this month. I think the next few months will be better

Suffolk_lass

Just submitted my form for April - about £2-300 behind what I had hoped for but living in hope that we can make this up. We need a couple of frugal months really (no sh*t Batman!). Just over £850 this month

boglehead

bobobski wrote: »

I count it as expenditure as paying off a loan doesn't give you more money to spend (it's actually spending your money - when you took out the loan and presumably used it for something, you were spending someone else's money). However, if you're more interested in net wealth you could treat it as savings for this challenge. Whatever works for you

I have a different view. Repaying loan is an increase of networth, just like putting money on a savings account.
It also savings you money by not paying interest, which is a direct drag on future savings ability... horses for courses?

Sebrof89

#13 declaring £480 for March. I'm going to need to get a move on if I'm going to make my target!

Lolly88

Declaring £2110.09 saved for April. Also reducing my overall savings target for this year down to 7k as there's no way I'll reach 12k when I'm still in negative figures. Hoping to get back to where I was at the start of the year by June and then use the last 6 months of this year to try and reach 7k which will be a stretch but will get me to 30k total which is my next big landmark. If I achieve that this year it won't feel like such a disappointment savings wise.

Westie983

Lolly88 wrote: »

Declaring £2110.09 saved for April. Also reducing my overall savings target for this year down to 7k as there's no way I'll reach 12k when I'm still in negative figures. Hoping to get back to where I was at the start of the year by June and then use the last 6 months of this year to try and reach 7k which will be a stretch but will get me to 30k total which is my next big landmark. If I achieve that this year it won't feel like such a disappointment savings wise.

With a 30k goal I would think you are anything but a disappointment

Westie983

Jaglad111

Month 1 for me, target of 20k by the end of the year, 30k by mortgage app April 2018. Having not save a penny in 20 years so proud to declare £2400. £100 short of monthly goal but had a couple of once a year expenses. Going to be a tough and boring push through until the end of the year but be worth it next year when we are paying our own mortgage and not somebody else's!

geoffers4

Reporting £2093.77 for April, with just a few unexpected extra costs - especially when the shower packed-up and needed replacing. Bit of a traumatic time at work at the moment too, with about 70 redundancies announced... but fortunately I've been told that I'm not one of them, thank goodness. But tough times for others who are affected.

Happy saving everyone - can't believe we are one-third through the year already!