The "Save 12k in 2017" Thread!

geoffers4

Hi Everyone, I'm declaring £2331 this month - although it's getting more complicated to calculate as I've now started my Prudential AVC so have had to *gasp* alter my savings spreadsheet to reflect the payslip deduction for that.

Hope everyone's savings plans are still on-track. And a special mention for WentTheDayWell... getting really close to escaping from the world of work now!

[Deleted User]

Morning everyone. Had an unexpectedly large wage this month. Phoned up to tell them it was wrong and they told me they had added on extra 'holiday pay' so the money is mine.

Still slightly expecting them to get back to me to ask for it back! Anyhow, as a result of this extra I am declaring £4000 savings for July. Off to fill in the form. Happy saving everyone. I will readjust if they do ever ask for it back.

Wentthedaywell?

geoffers4 wrote: »

Hi Everyone, I'm declaring £2331 this month - although it's getting more complicated to calculate as I've now started my Prudential AVC so have had to *gasp* alter my savings spreadsheet to reflect the payslip deduction for that.

Hope everyone's savings plans are still on-track. And a special mention for WentTheDayWell... getting really close to escaping from the world of work now!

Thanks Geoffers! Though I'm taking flexible retirement for a bit, to ease into being a lady of leisure

Are you counting your AVC as saving, or just as a deduction from salary? I compromise by counting the net amount as saving, but not the tax benefit or increase in value so it gives me a lot of slack if shares fall. I'll have to reconcile when I get it with my lump sum - I will have a mega amount to declare that month!

geoffers4

Wentthedaywell? wrote: »

Thanks Geoffers! Though I'm taking flexible retirement for a bit, to ease into being a lady of leisure

Are you counting your AVC as saving, or just as a deduction from salary? I compromise by counting the net amount as saving, but not the tax benefit or increase in value so it gives me a lot of slack if shares fall. I'll have to reconcile when I get it with my lump sum - I will have a mega amount to declare that month!

Flexible retirement sounds handy - let me know how you get on. Must admit I'm not keen on the idea of "falling of a cliff" going straight from full-time work to full-time no-work.

Initially I think I'll just count the monthly contribution to my AVC - I'm not banking on any increase in investments (although the tax breaks - yes!)

tara747

July payday update!


Pretty good going this month, I saved £1,347. That's £7,070 so far in 2017, and £116,192 overall.


Hoping I can break the £120,000 mark this year!


:beer:

TallGirl

Yeah I'm back working again full time more money than last one. Only a year but could be more and looks perfect and people are nice. Able to save £1000 in July as my tenant paid up even if they have split up. Need to see if I can now save more to replenish the savings I spent being out of work for the last 4 months.

Cottage_Economy

#129 declaring £420 for July.

Again, managed to put aside £50 for Christmas in there.

As expected, July was a hard month and didn't think I'd get in more than about £50 for Christmas, however, I then had an unexpected £500 one-off bonus and a 2% pay rise.

:dance::dance::dance:

Went to the cinema a couple of times and had a meal out _party_ then stuffed the rest in savings.

Lolly88

Not a great month, only saved £264.90 this month. I also resigned from my job without another one lined up because it was making me so miserable so I'm even less likely to meet my target now and will probably dip into my savings taking me back into negative figures again! This year is a total nightmare financially.

Suffolk_lass

Lolly88 wrote: »

Not a great month, only saved £264.90 this month. I also resigned from my job without another one lined up because it was making me so miserable so I'm even less likely to meet my target now and will probably dip into my savings taking me back into negative figures again! This year is a total nightmare financially.

On the other hand, if you had not built a small savings cushion you might have felt you had no choice but to stay in that job that was making you miserable and you could have ended up making yourself ill about it. This year's target is secondary to your wellbeing and having established the habit of putting a bit aside for a rainy day. It just happens that 2017 is your rainy day

Suffolk_lass

Well done TallGirl, we knew you could do it. It doesn't seem like four months (I hope that is the same for you)