The "Save 12k in 2020" Thread!

Ruthy1604

tommyedinburgh wrote: »

Really looking forward to this starting, does anyone have a definitive list of what counts, for example do folk include work based pension contributions etc?

As previous posters have said - its totally up to you.
I do include pension contributions both mine and my employers as I see it as money being paid into my savings pot. However, I don't include investment gains or losses.

Merlin's_Beard

tommyedinburgh wrote: »

Really looking forward to this starting, does anyone have a definitive list of what counts, for example do folk include work based pension contributions etc?

I think the answer is: count what's relevant to you and works towards the goals you want!

I don't count pensions - even contributions from my net pay into my personal sipp - at the minute because really I'm saving for a house and the pension is useless for that. And because I'm too lazy to think about the ups and downs of the market.

geoffers4

tommyedinburgh wrote: »

Really looking forward to this starting, does anyone have a definitive list of what counts, for example do folk include work based pension contributions etc?

I include in my amount on this thread;
*money paid into Cash ISAs during the year (minus anything taken out to pay for big things)
*money paid into S&S ISAs during the year (but not market ups & downs)
*interest on existing savings (as it says in the rules on page 1)
*money paid into my pension AVC, as this is at my discretion
*but not employee or employer contributions to the work pension scheme
*and not market ups and downs in property owned.

Having said all that, I definitely do monitor the market value of everything each month..,I want to see how close I'm getting to FIRE - only 3 months to go now!

erin_transport

Hi
Can I join please. I’d like to aim for £5k in a neglected savings acc. I’m trying to bring my mortgage down by overpaying so it’s a tricky balance. Thanks

frugalandsave

Can you sign me up for 8 K please

slowlyfading

Spreadsheet updated

Purplefrog

Hi I’m new here too - been reading the forums for a while and decided to take the plunge and make an account. Please can I join and go for a very ambitious 12k?
Thanks :j

Rachael20

Newbie here! Can I join? Hoping to save £12000

SalchowLoop

I was wondering about pension contributions. Personally I am going to count them, as although I won't see the money, it's still being saved, it just means I don't have to remember to do the bank transfer come payday I'm going to be paying into an S&S ISA so won't count market fluctuations. I need to learn about Tilly Tidying, sounds like a good idea. I already have Save the Change on my Lloyds account going into an Easy Saver, so will keep that up too.

SuperLooperSaver

Great to see so many fellow newbies. Looking forward to starting the challenge. Season's greetings everyone.