The "Save 12k in 2019" Thread

Retired_Minky

Wentthedaywell? wrote: »

Assuming no big spends or a catastrophic share drop, I am declaring £2,500 for April. As in the last couple of months, half of that was share recovery though which can be reversed. The Markets giveth and the Markets taketh away!

Interesting that you include gains in investments as savings. I exclude them from my own figures. I suppose it’s because I have no real impact on share prices. If they go up I’ve not done anything to make this happen.

webjaved

fiestaman87 wrote: »

I know that 'slowlyfading' has been kept busy with things at home lately which means she's not been able to update the spreadsheet as often as she'd like to, according to recent posts, but I suspect you could drop her a PM if you genuinely think she's missed you.

I'll give it till the end of the month when I submit my savings for this month and then wait for @slowlyfading to update the spreadsheet in her own time. Thank you.

george4064

Retired_Minky wrote: »

Interesting that you include gains in investments as savings. I exclude them from my own figures. I suppose it’s because I have no real impact on share prices. If they go up I’ve not done anything to make this happen.

I take the same approach as you, I only include any new money I have saved and subsequently deposited into my S&S ISA.

However that's the beauty of this thread, it's flexible in that people can include/exclude what they wish to!

Happy saving all!

Wentthedaywell?

Retired_Minky wrote: »

Interesting that you include gains in investments as savings. I exclude them from my own figures. I suppose it’s because I have no real impact on share prices. If they go up I’ve not done anything to make this happen.

It's interesting how we each count savings in different ways and all are valid. I go by "what money do I have access to if I wanted to blow it all next week on fast cars and loose men?" .

So I don't count pension contributions (other than a savings AVC which will be taken a 100% tax-free cash) or, in the past, mortgage overpayments.

Of course the flip side of counting S&S is that they can go down too, which I also report. I had quite a dip at the end of last year, but it's recovered since then and that is why my savings look so good over the last few months!

Suffolk_lass

webjaved wrote: »

I'll give it till the end of the month when I submit my savings for this month and then wait for @slowlyfading to update the spreadsheet in her own time. Thank you.

She has building work going on and has been off on hols during the Easter hols so unusually has not been on the forums since 7th April. The last spreadsheet update was on 6th April so any late posting of March updates will be waiting for her when she comes back

Cottage_Economy

#26 guiltily sneaking in. Crumbs...how time flies. Joined this in January and then promptly went on holiday and had solar panels fitted, rendering myself slightly brassic. This is the first month I've managed to put anything aside.

Managed to get an additional £800 in my husband's SIPP just before the end of the financial year - does the tax back from HMRC on that count towards my goal? Not technically savings interest but also not investment gains and DH is of an age he could draw down the small pension in cash if he had to so could access the money.

It would raise the amount saved to £1000 for April, which would make me feel a lot better about not saving anything between January and March

tighteningthebelt

#152 declaring £650 for April
I know it's peanuts for some, but I've found this month really tough for 'bits of lots of' reasons. Therefore I'm proud of myself!
Signature updated.

little_green

tighteningthebelt wrote: »

#152 declaring £650 for April
I know it's peanuts for some, but I've found this month really tough for 'bits of lots of' reasons. Therefore I'm proud of myself!
Signature updated.

well done :T

katsu

tighteningthebelt wrote: »

#152 declaring £650 for April
I know it's peanuts for some, but I've found this month really tough for 'bits of lots of' reasons. Therefore I'm proud of myself!
Signature updated.

£650 is a great total. Savings are really relative to income and circumstances to start with.

I think you have done great :money:

cathybird

Well I've just paid the plumber nearly £2,200 to replace a bath and radiator and fix a waterlogged bathroom wall, and I'm trying to organise new guttering for the house, well overdue, so my adventures in non-saving continue :rotfl:I think this is officially the Year Of Maintenance. It's okay, you know, because these are jobs that need to be done, it's all part of life to have expenses, and if I hadn't joined this challenge back in the day, four or five years ago, I wouldn't have the money to pay for these things and would thus probably not be getting them done, which would be much worse, because the wall/guttering etc would continue to deteriorate and cost a lot more in the long run.

On the plus side I just got a pay rise from work and I'm confident I will end up saving something for the year, even though a target of £12,000 looks pretty tough from here.