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The "Save 12k in 2020" Thread!
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Evening all, number 10 here reporting £885.41 for the month, bringing my yearly total so far to £6,608.99
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In the spirit of paying myself first, savings contributions for August are as follows (I've updated the easy update form):
DD JISA - £103
DS JISA - £103
Sharesave Scheme - £220
Sharematch Scheme - £30
Personal ISA - £400
August total - £856
2020 total - £5,966
Bit of a rubbish month this month. 8 months into 2020 and I'm only on ~£6k. Need to save an average of £1.5k per month now to hit my target. The saving grace might be a small bonus coming later in the year and a tiny pay rise - every little helps!
Does anyone else count their pension payments towards this? If so how do you calculate it considering it's taken before tax?! When people talk about what a good 'savings rate' is, do they generally include any pension payments?
TIASave £12k in 2023 #51 - £20,411.96/£15k (136.08%)
Save £12k in 2024 #24 - £19,331.23/£20k (96.66%)
Save £12k in 2025 #53 - £12,395/£20k (39%)
I built a new salary tool to help explain deductions and tax brackets. Try it here: salarytools.co.uk3 -
Hi everyone, a pretty exciting month - July saw us eating out for the first time since March. Well actually just ice-creams from the local specialist ice-cream makers for the grand sum of £9.40! Don't know about you, but I still don't feel comfortable about a pub lunch indoors, so the eating-out line on the spreadsheet is looking very sparse. Which meant a saving figure for July of £2146.68.
In other news, today marked my last day as a full-time employee - I'm reducing to 4 days a week now, all part of preparing for FIRE in two year's time. Looking forward to 3-day weekends from now on!Save 12k in 2013-2014-2015-2016-2017-2018-2019-2020-2021-2022 - then early-retired.3 -
Hi
#6 reporting in with savings of £1,554.81 for July. Total for year-to-date is £9,276.69. Well on course to hit £15,000 target for the year. Annual pay rise will take effect from the payday at the end of next month so should get some backdated pay and a few extra pennies each month so am really looking forward to that 🥳
Form sent3 -
#25 reporting in for July (form submitted). This month I managed to save £511. Total for the year so far is £7,613.
I am expecting August, October and November to be fairly poor months for saving due to various upcoming annual bills (insurance, car servicing, etc) and I suspect that I will miss my current target (£10,500).
Still job hunting but market seems fairly down.
Save £12k in 2023 #17: £19,085/£24,000 (79%)
Save £12k in 2022 #5: £18,007/£18,000 (100%)
Save £12k in 2021 #17: £18,012/£18,000 (100%)
Save £12k in 2020 #25: £15,522/£15,000 (103%)
Save £12k in 2019 #112: £10,963/£10,500 (104%)3 -
geoffers4 said:Looking forward to 3-day weekends from now on!
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Lomcevak said:geoffers4 said:Looking forward to 3-day weekends from now on!
@steves_uk Now not working my savings amounts are reduced. Just over £500 is a good month for us although £250 of this is a regular saver from my occupational pension income, the rest is Tilly tidies and dividends. I don't count anything else, just the money I actively squirrel awaySave £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
My new diary is here4 -
Hello everyone
I hope you’re all doing ok. It’s been a weird few months. I've been busy working (thankfully my job is safe) and saving during lockdown.
My March to July 2020 totals are:
March £1,868
April £2,454
May £2,449
June £2,229
July £2,618
So far in 2020 I’ve saved £14,774. I smashed the £12k goal by June!
My new grand savings total is £176,731
With continuing to WFH for the foreseeable, I’m hoping to hit £190,000 by the end of the year. That would be incredible.
Amazing how much I can save when I don’t travel or have a social life! :beer:
Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.735 -
I'm going to reduce the amount I reported earlier in the week as shares are on their way down again
Will adjust next month up or down!Save £12k in 2022 thread #7:
Save £10,000 Jan-May 2022 THEN RETIRE!!
Final total for (half) year: -£4,0004 -
Well done all on your savings! keep it up!Due to working from home and reduced spending I have reached my target for the year! Now focusing on keeping the savings up to see by how much I can beat it!Save £12k in 2020 = £4,074.62/£15,000 (27.2%) #89
Save £12k in 2019 = £13,580.52/£15,000 (90.5%) #92
Save £12k in 2018 = £17,189.12/£15,000 (115%) #363
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