The "Save 12k in 2020" Thread!

Floxxie

#64 my February total of £1250 isn't showing. I have resubmitted. Thank you

lantanna

March savings submitted £191, ever thankful to have savings in the bank during these uncertain times. 

Not my best month but it is a saving and doesnt include my cash supplies at home should I need them...

Gem-gem

just just jumping the board back up to page 1. 

Sending best wishes during this crazy time to all fellow savers. 

Gem-gem

funkymonkey

number 113 reporting:
+ £2900 this month. Payrise and LISA bonus added. I think i will meet my £12K by end of may. Really thought about changing my goal to £15k but with Covid-19 i may have to dip into my pot so will just wait and see.

clowning

Number 66.
Reporting in with 1508.09 for March.
I'll submit the update form - thank you Slowly Fading

Wentthedaywell?

My shares and hence my 'saving' have taken another terrible tumble. I'm rounding it down to a £20k loss this month, which is a bit worse than it is, but means I won't have to look at the prices again this month as it's too depressing. I'm going to adjust my target to 0 if that's Ok Slowly? If I can end the year with the money I started with, rather than a big negative, I'd be pleased-ish. 

I was hoping to retire this year, so this is a blow as I don't have lots of working years to recoup. I think I'll carry on another year, assuming I still have a job.

I need to put it in perspective though; when all said and done, it's 'only' money and there are enormous, literally life or death changes for people imminently. Thank heaven for the NHS and all its wonderful people, and all the other folk too- shop workers, lorry drivers, bin men, council workers - whom we don't appreciate till things go bonkers and we see how we all depend on each other to make our lives comfortable and smooth.

Good luck everyone. I hope you and your family and friends keep safe, medically and economically in these uncertain times. 

Lomcevak

Hard times for saving, Wentthedaywell?, and your perspective is a good one. One of my US relatives in Washington state has just received a medical bill approaching $10k for testing and care - they didn't have the virus, although it seemed awfully like they did for a few days, and despite having medical insurance their "high deductible plan" left them with a huge bill. The deductible then resets in a couple of weeks, so if they get sick again they will get another one. So, I agree, thank heaven for the NHS.

Looking across my assorted pension and S&S ISA savings is pretty depressing, the notional loss is six figures now, but i'm grateful that I spent the time putting a plan together a couple of years ago, and I see not reason to depart from it now. My annual rebalance is at the end of April, so will try and ignore the markets until then. I have the advantage that i'm a decade away from (early) retirement, so can sit it out - even a "lost decade" isn't critical, although would mean a rather more frugal retirement than i'd hoped. Must be tough though if this was supposed to be the year of escape.

delta13

£1336 saved for March, higher than expected. My holiday for the year has now been cancelled and driving lessons and test postponed, so more ££ in the pot for the foreseeable hopefully.
I'll update the form shortly. 

tommyedinburgh

#26 adding another £3,000 for March. With everything that has been going on and due to the fact we put our house on the market last week, we decided to sell one of our cars, pay off the small amount of finance and clear our credit cards leaving just over £3k to go into the savings account. Perhaps the biggest benefit is that we are now around £400 better off each month come pay/bill day. 

We also got a refund of £969 from SCS as they can't fulfil our order of a new sofa, decided against putting that in the savings to have a little bit extra available in cash to see us through the COVID shenanigans. 

longhill

No 98
 376.33 for mar
RUNNING Total 376.33
Not so good this month