The "Save 12k in 2020" Thread!

Merlin's_Beard

£607.39 for August. That's under what I need for this year's target, but for a good reason - have spent a lot on petrol to get to interviews, and have a new job in December. It'll mean moving, so I have no idea whether I'll manage to hit my target for this year, but new job means pay rise, so short term losses for long term gain.

george4064

george4064 said:

#21 reporting £1,112.69 for July

Pretty much exactly the same as last month, lets hope it continues and maybe I can improve further! Made a few tweaks to some accounts etc which I will report on more in August's update.

Had a lovely holiday to Morocco booked for later this year (we booked it last year, so pre-COVID) and our outbound flight has been cancelled. Need to have a proper sit down with the OH to decide what to do, I think we may cancel it for a full refund (fortunately ATOL protected with BA Holidays) and go somewhere closer to home but probably still abroad. Such a shame but we really don't want to go to Morocco to find that lots of things are closed due to COVID restrictions and find ourselves essentially stuck at the hotel.

My Dad had a clear out of his house and found some old premium bond certificates which he had bought for me years ago when I was a baby, finally managed to sort them out with NS&I and got them all accessible via my online account. I won't be counting this as 'money saved' since it was always there and not from my actions (i.e. it was from my Dad!), still a nice little surprise during these difficult and strange times.

Form submitted. so

#21 reporting £1,698.58 for August

Made a large mortgage overpayment this month that has reduced my standard monthly payments by about £50 per month, I am going to make sure I make at least £50 overpayment each month so that I don't notice any difference (other than paying down the mortgage quicker!)

No new S&S ISA contributions since early June, however nice to see performance bouncing back nicely with a solid +4.9% over August. I don't include my S&S performance in my savings numbers, only new contributions added. Summary of monthly discretion performance below to 31/08/2020:
1 month: +4.9%
3 months: +10.4%
6 months: +13.7%
YTD (from 31/12/19 to 31/08/20): -0.8%*

*Performance is not as bad as it seems because the performance figures above are time-weighted (i.e. ignores the details on when I added money to the portfolio), on a money-weighted basis (XIRR method) taking into account big contributions in Feb and March performance is +6.6% YTD.

Form submitted.

Xenon

# 100 Xenon
August £1075
Mortgage Deposit + Costs £136,076

geoffers4

Hi Everyone, Reporting £1572.49 for August - had a few expenses on the house this month, fixing some gutters and garden furniture. Plus the dog has started on medicine for arthritis, so I expect that might become a permanent cost from now on. 
Looking over the spreadsheet for the year as a whole, our spends on groceries are definitely up, but petrol equally has gone down with little commuting into work now. We've cancelled 2 foreign holidays though, so that's our biggest saving. 

slowlyfading

sonas_baby said:

Just subscribed to your you tube channel, don't  know how you fit everything in to your day, slowlyfading.

Thanks for subscribing! And me neither, most of the time

slowlyfading

Spreadsheet updated before the end of the month too - I'm on a roll if there's anything wrong, just shout!

ForestBluebells

slowlyfading said:

Spreadsheet updated before the end of the month too - I'm on a roll if there's anything wrong, just shout!

I always report on the last day of the month 🙈 sorry

KeepOnKnitting

ForestBluebells said:

slowlyfading said:

Spreadsheet updated before the end of the month too - I'm on a roll if there's anything wrong, just shout!

I always report on the last day of the month 🙈 sorry

I am usually on the last or first, because my interest gets added on the last day of the month. I just always look a month behind.  

skid112

#19 reporting in for August, £983.78. Puts me very close to my target which I have already raised once, courtesy of Covid. Will have a think about raising the target but the new house will be finished sometime in October maybe end of September, and then its filling that garden. 

Suffolk_lass

You can tell it is a cold Bank Holiday Monday by the things people do - I just looked at the spreadsheet and the of the 152 participants who have signed up this year so far, almost one third have never yet updated since starting. So what happens to our totals if we remove them and their targets? A quick bit of mental arithmetic I think £529,340 comes off our £1,871,040.00 collective target

I make our revised overall target £1,341,700.00 and our savings so far are then 64% (rounded) instead of 46% - altogether more positive. Well done everyone.

Of course if I exceed my target I will leave the target as it is now, rather than increase it, to help our collective percentage improve. Simple things, as they say...