The "Save 12k in 2019" Thread

slowlyfading

Spreadsheet updated

Suffolk_lass

Ooh - we are only 5% behind where we should be. If only some of the people that signed up would provide their updates. I suppose it would be wrong to have a version of the SS that ignores them if they do not come back after registering...

letThemPlay

Hi all, bit late updating for last month.

I managed to put aside £1,354.37 for this month which is lower than I have been able to save due to paying the surveys, mortgage fees etc.

Got my nationwide RS maturing in just over a weeks time which will be a nice little boost for this month, it just depends on what else we have to pay out for on the house side of things.

It's great to see how everyone is doing, 1/3 of the way through the year, lets keep it up.

Wentthedaywell?

Ooh, I've just found £700 in one of my plethora of current accounts, each with a few grand in in order to get a better interest rate.

It's so complicated, there's a mad flurry of money being whizzed round in a circle through the manifold accounts on pay day in order to qualify for them. But I overlooked this one!

Smegasaurus

Finally updated £276.77 for April. Well below target but my pay was over £750 short due to a pay mistake. It's all rectified and sorted so I'm hoping to be able to compensate this month.

First Direct regular saver opened as well - I'm hoping to be able to max it out every month to get the interest and I'm hoping that this will help keep me focused.

Back to tilly tiding my accounts as well.

I WILL get that house deposit!!

Westie983

Declaring £50 for April, as had some expenses to sort out, hopefully May will be better.

Westie983

bsms1147

Didn’t have as good a month as the three that came before it unfortunately, but thats how these things go. Car needed a new alternator and battery (not surprised, found out the battery was the car’s original one, making it 12 years old!)

Well done everyone, fantastic work and good to keep up with everyone’s progress.

Suffolk_lass

Smegasaurus - I have three regular savers running this year but I am not counting them - that is because they are moving the deck-chairs accounts rather than savings from income. I think I will stick with my measurement for the present - I may count the interest the accounts generate, but that won't be until Feb 20 so in next year's target.

Retired_Minky

Was talking to someone about this yesterday and what they said blew me away.

I have a colleague that has £100k cash sat in a savings account but didn’t consider themselves rich.

Another person in the conversation said they’d never had more than £1k savings in their entire life.

It really made me think.

Wentthedaywell?

Retired_Minky wrote: »

Was talking to someone about this yesterday and what they said blew me away.

I have a colleague that has £100k cash sat in a savings account but didn’t consider themselves rich.

Another person in the conversation said they’d never had more than £1k savings in their entire life.

It really made me think.

It's interesting what we each consider struggling > coping > comfortable > well off > rich to be and it varies widely from person to person.

I think well off for me would be no mortgage, the same amount of money in cash/shares as one's house is worth (a tougher ask in the south of England) and a defined benefit pension. Rich would be multiple million in the bank.

By my definition, I suppose I am comfortable. Mortgage free, with a pension and part time job and with about half the value my house saved.

I am in my 60s though, I wouldn't have had this when I was younger. Definitely struggling/coping at times then!