The "Save 12k in 2020" Thread!

steves_uk

In the spirit of paying myself first, savings contributions for July are as follows (I've updated the easy update form):

DD JISA - £100
DS JISA - £100
Sharesave Scheme - £220
Sharematch Scheme - £30
Personal ISA - £723

July total - £1,173
2020 total - £5,110

Things are picking up now - this is my first month over the £1k mark. I need to average £1,378 a month now to hit my target - think I may need to start selling some stuff or finding some additional income!

geoffers4

Hi everyone, June has been pretty quiet of course so that all helps the saving figures - reporting a healthy £2357.29 for June therefore. July should be a decent figure too...although does anyone else find themselves dreaming about going out for a pub lunch??
Happy saving everyone, and well done Lomcevak on mortgage-free!

A_Random_Man

Evening £1054.65 declared for June spreadsheet updated

Marina1506

Number #52 declaring -£262.94.  Form submitted and will update my signature shortly.  It's unlikely I will make my target now but will see how the next few months go before I reduce it.

Luckily the deficit is for a nice reason - we decided to start refurbishing our house and put down a deposit for fitted wardrobes.  We have also booked a yurt in the Peak District so have a holiday in July to look forward to.

Hope everyone is coping ok with the unlocking of the lockdown - great to see lots of you are still posting some impressive savings!

delta13

Congratulations Lomcevak on becoming mortgage free
I'm declaring £1001 for June - higher than I was expecting but the lowest I've saved since March. Saying that if I manage to achieve the same amount in July I'll be very happy.
I'll update the form shortly.

ilselm

#31 here having submitted the form with a £6,537 update for July. I’ve also revised target amount to £60,000. Thanks

Suffolk_lass

geoffers4 said:

Hi everyone, June has been pretty quiet of course so that all helps the saving figures - reporting a healthy £2357.29 for June therefore. July should be a decent figure too...although does anyone else find themselves dreaming about going out for a pub lunch??
Happy saving everyone, and well done Lomcevak on mortgage-free!

Oh yes... day dreaming, dreaming at night, checking the local's web site to see if they are planning to open next week. Well and truly ready over here!!

Just submitted our June form. Just over £570. A last minute flurry of spending on our motorhome resulted in about £500 on a refitted shower

KeepOnKnitting

June update form put in. I am happy with my total, but not as happy as I would have been if my tax rebate had landed in June as I had hoped. That massive chunk will now be in my July savings instead. 

If all goes to plan in July, I will be moving all my saved money from my ISA into property equity when I buy my own home. Fingers crossed for me please, I am quite nervous about being a homeowner again.

KeepOnKnitting

Lomcevak said:

#27 reporting in with £3,760.42 for June. Exciting news is that i'm now mortgage-free, 12 years early, and about 8 1/2 years since I first signed up for one of the MFW challenges. Once a bit of short-term expenditure is complete to do some needed decorating and maintenance, the focus now shifts over to FIRE planning - hope to be in a position to make some lifestyle adjustments within the next five years or so.

Congratulations @Lomcevak . Any words of advice for someone on the other end of the mortgage journey?

cathybird

hi all, no. 10 reporting first that I made an idiotic error in my May calculations and the real total for May was £178.68. My June savings are £1,629.73, so that brings my yearly total so far to £5,723.58. A bit of catching up to do if I'm going to get to £12K but think I can still do it.