The "Save 12k in 2019" Thread

alja

Pleased to say that I managed to save £887 this month, which means... I've smashed my target! Pretty happy about that! £6400 saved so far and my target for the year was £6k.

I set a target that was £2k above what I saved last year, and I'm now £400 above the target, still with December to go. I'm going to do the same for next year and set a target that's around £2k over what I end up saving this year...

Duckyduck

Seemed to miss the October update so reporting £849.67 for October, and £1021.60 for November, which brings me pretty much to my £12k target a month early. Though expecting December to be an expensive much so keeping my fingers crossed I’ll still be on target at the end of the year!

Xenon

# 55 Xenon

Nov £1461

Mortgage Deposit/Costs £127,268

bobobski

The Christmas tree is officially up - how are we here already?!

Finally, I've had a good month; I'm happy to report savings of £1,094.36 plus mortgage overpayments of £49.94 for November. The OH has started contributing to mortgage overpayments too, so the real figure is higher than that.

Good things that happened this month:

• We stuck to the budget rigidly for once - yay
• Amex cashback month - woo!
• Meeting with IFA - he's very happy with me :A
• We've agreed to round our mortgage payments up, which means a minimum regular overpayment of £30 per month

I'm going to look at an S&S ISA next year. I've gone back and forth on this, because I want to keep most of my money in cash (as it will likely be spent within the next 5 years), but looking at how well my pensions are doing it does feel like I'm missing out on growth. So my plan for 2020 is to round savings, collect a pot, and when it hits c. £100 put it into a S&S ISA. That way my regular savings shouldn't suffer, and I'm only investing "extra" cash. And effectively it will be drip-feeding, but irregularly, so no commitment to invest more but still not doing very large lump sums. Any thoughts on this from the S&S ISA gurus on here?

Suffolk_lass

# 68 here. Meagre savings for me this month £214.86 but we are net spenders now we have both stopped our full time careers (may have retired). I need to keep an eye on how fast the pots are diminishing

Wentthedaywell?

Suffolk_lass wrote: »

# 68 here. Meagre savings for me this month £214.86 but we are net spenders now we have both stopped our full time careers (may have retired). I need to keep an eye on how fast the pots are diminishing

I know where you're coming form Suffolk Lass; I may retire (fully) next year, and it will take a huge psychological shift to stop saving and start running bank accounts down. Especially as one needs to front-load spending in those early years of retirement.

I'm reporting £2500 saved in November. everything is bought or money is set aside for Christmas and I've a couple of regular savers maturing shortly so December shouldn't hold any shocks (unless shares fall badly).

Nearly there everyone! One more month!

Lomcevak

#6 reporting in with £5,285.89 for November, making £72,180.04 for the year so far. Won't be quite as good next month, but will clear my £75k target - very pleased with this year, as started with a £50k target and will have beaten it by more than 50%

Jazee

£300.04 for November, still on target for the year.

cathybird

hi all no. 15 here reporting £978.35 for November, bringing my yearly total so far to £10,267.47. It will take a pretty big stretch from here for me to reach target. It's not impossible though. I have gone down one day per week this year in terms of work, so that has made it trickier. Even so, onward and upward. December I haven't got any big bills coming hopefully so that should help.

A_Random_Man

#54 Reporting a total of £539.29 for November