The "Save 12k in 2021" Thread!

Wentthedaywell?

£3500 for July. I'm back in the office and life is slowly opening up more, so I think my monthly savings will reduce in the coming months; all to the good of the economy and to something like normal life resuming! (touch wood).

delta13

As expected, a leaner month in July but happy to report I've saved £861.83. Had some birthdays and bills to pay, and the trip I had earlier in the month to the Peaks wasn't cheap (but 100% worth it).

george4064

george4064 said:

#27 reporting £1,035.40 for June.

Quite an unusual month as I made a rare withdrawal from my S&S ISA this month, S&S ISA contributions are paused and have been bulking up my cash savings to fund my new house purchase! Moving out of London, and having to re-jig some things around to fund the SDLT!

Very exciting times and I'm glad (and fortunate) to be able to use my savings for something tangible like this, feels like all this hard saving is worth it! All other contributions such as pension went ahead as normal (but not included in this challenge).

S&S ISA returned +1.4% over June. Wondering when I will be able to restart my contributions, should be within the next few months I'm hoping!

Form submitted. Well done everyone with your saving challenges and finally well done England!

#27 reporting -£250.00 for July

Following on from last month, have now been incurring some of the house selling/buying (mainly buying) costs which is reflected in my monthly figure. Given that's the reason why, as opposed to some silly spending on immaterial things, I'm not too disheartened by the negative figure!

Overall household finances will change quite significantly once we're in the new house because it will be in our joint names with joint mortgage, and being majority interest only (IO) we have more things to manage with how we invest the money that isn't going into the mortgage (due to the IO proportion).

There will no doubt be higher bills as we move from a small 2 bed flat to a Grade II listed 4 bed terraced house, furthermore;

• the new house is 100% powered by electricity including Econ 7 electricity radiators. Anyone here familiar with this type of electricity/heating arrangement and have any top tips/advice?
• we currently have a really good fibre-to-the-home (FTTH) internet connection here in London, at only £25pm. The new place is serviced with FTTH via Virgin Media who are significantly more expensive than what we get here!

I expect this negative figure to be balanced out by an unusually larger amount saved in one the next few months as ultimately split the costs 50/50 with OH.

Finally, S&S ISA returned +0.4% for July which is marginally better than the FTSE Global All Cap which was flat over the month.

Keep up the good work everyone! 

ForestBluebells

#21 reporting £2121.26 this month. Very happy with that as I managed to earn a decent amount this month outside of work and invested it all. Will be less next month as I didn’t get selected on one of my freelance projects for August and I’m toying up buying myself some expensive sports equipment so may end up withdrawing some but so far this year I’m very pleased with how well I’ve done with my savings despite not getting a pay rise this year and all my bills and expenses having risen by £100 per month plus when my electricity is due in 2 months I expect my price to rise above £25 per month for that too 😑

Suffolk_lass

@george4064 we used to have Economy 7 heating. This was ages ago but my abiding recollection was that any movement would cause the element to blow - not sure if the technology has changed but the radiators contained heat-holding "bricks", with a channel through them that the electric element sat in. If that moved it could cause the brick to contact the wire and burn it out. They were brilliant for drying and warming clothes over or in front of too. We found it expensive and not enough on a cold evening. That said, I have always opted for an economy 7 tariff and run my dishwasher and sometimes washing machine on the overnight cheap rate.

I wonder if you might be eligible for any grants to move to a sustainable heating contribution. We are on oil here for our boiler but rely mostly on an electric aga in a thatched cottage (so no PV or solar options). When we rebuild the old pig-shed we will pop some PV on the roof there though.

Over here our savings are £645.pp this month. Happy with that as much has been spent this year on our new (more expensive than expected) beekeeping hobby

A_Random_Man

#44 A Random Man
Total for July
£939.03
Speadsheet Updated

cathybird

Afternoon all, no. 10 here with a July update of £305.16, bringing my total for the year to date to £5,053.09

Merlin's_Beard

£1304.13. Happy with that, on track.

congrats on the house, george4064!

Gem-gem

No 7  Reporting for August:
£6,350.00
£6k into PB
£250 into RS
£100 into STS
Have left myself with a very tight budget for the month. Will have to be creative with days out. 

Sandyra

#32 reporting £500 for July. It’s too hard to save in the summer. Will come back with avengance in October 😅. Form submitted.