The "Save 12k in 2020" Thread!

Gem-gem

This last month I have saved £1978.50
This is made up of salary, £2 coins cashed in and interest. 

Total for year; £15,15351

£500 into a RS (3% soon to be 2%)
£1478 into ISA (1.46% soon to be 1%)
Thank goodness that the rest is in fixed rate bonds. 

Westie983

Sorry for the late declaration - I have had problems getting back on. £150.00 declared for April.

Westie983

lantanna

Favourite time of the month savings declaration. 

#93 declaring for May, form submitted £2459.00

Gem-gem

Just bumping the thread up to page one. 

yellow1231231

hi can  join also have a question do you count net assets or just savings 

funkymonkey

number 113 reporting £1300 for may.
passed my original target of £12K and on my way to the new target of £15k
Really finding the best way to save each month is to move all my money to Marcus then move back only what i need to spend to my current account. Makes me think twice if i need to actually buy something!

funkymonkey

yellow1231231 said:

hi can  join also have a question do you count net assets or just savings 

I'm sure @Slowlyfading will be along shortly to assign you a number!

I think people count things differently. Personally I include everything in my savings accounts ie: Moneybox LISA including daily interest and government bonus, Marcus Instant Access Saver including interest and my FD Regular saver contributions (and will report the interest too when that is added once a year).
Some people report at the begining of the month when they move their money across although i like to wait to just before payday at the end of the month as I move everything to my savings and then drip feed back to my current acct for card payments. 

Suffolk_lass

yellow1231231 said:

hi can  join also have a question do you count net assets or just savings 

Personally I do not count the money and assets I already have - just the things I add to them - so I count income dividends but not accumulation dividends, plus interest, regular savers from income and Tilly Tidies (the rounding bits I move to my savings account)

discotek

funkymonkey said:

number 113 reporting £1300 for may.
passed my original target of £12K and on my way to the new target of £15k
Really finding the best way to save each month is to move all my money to Marcus then move back only what i need to spend to my current account. Makes me think twice if i need to actually buy something!

I do this also - really works for me. I've also stopped using my credit cards for every day spends - not because they're not useful but because I psychologically lose track of whether I've overspent throughout the month (despite the spreadsheet)

discotek

#145 saved £1,284.83 this month
YTD total £3,718.25