The "Save 12k in 2021" Thread!

cathybird

Morning all, no. 10 here to report a small savings figure of £232.13 for September, bringing my total for the year so far to £6,652.20.

george4064

Wentthedaywell? said:

Minus £500 for September . I did actually save £1500, but the negative comes from my S&S ISA dipping.

I always find it surprising that people count S&S movements as gains/losses, to me that doesn’t seem appropriate as it isn’t money saved. Only contributions to a S&S ISA is ‘saved’.

Lets say you had a S&S ISA worth £100k and the markets (and your ISA) dropped by £10k, you mark it as -£9k for that month (you actually saved £1k that month). That’s going to make you feel unecessarily bad, and equally on the flip side if your ISA has a bumper month and you report a bumper monthly saving figure that might give you unfounded confidence in your ability to actually save.

Suffolk_lass

george4064 said:

Wentthedaywell? said:

Minus £500 for September . I did actually save £1500, but the negative comes from my S&S ISA dipping.

I always find it surprising that people count S&S movements as gains/losses, to me that doesn’t seem appropriate as it isn’t money saved. Only contributions to a S&S ISA is ‘saved’.

Lets say you had a S&S ISA worth £100k and the markets (and your ISA) dropped by £10k, you mark it as -£9k for that month (you actually saved £1k that month). That’s going to make you feel unecessarily bad, and equally on the flip side if your ISA has a bumper month and you report a bumper monthly saving figure that might give you unfounded confidence in your ability to actually save.

I just include the dividends as I add these back in

sonas_baby

No 41 with a modest £439.59 for September, noticed I hadn't submitted my August savings so have sent form in for that as well.

Wentthedaywell?

george4064 said:

Wentthedaywell? said:

Minus £500 for September . I did actually save £1500, but the negative comes from my S&S ISA dipping.

I always find it surprising that people count S&S movements as gains/losses, to me that doesn’t seem appropriate as it isn’t money saved. Only contributions to a S&S ISA is ‘saved’.

Lets say you had a S&S ISA worth £100k and the markets (and your ISA) dropped by £10k, you mark it as -£9k for that month (you actually saved £1k that month). That’s going to make you feel unecessarily bad, and equally on the flip side if your ISA has a bumper month and you report a bumper monthly saving figure that might give you unfounded confidence in your ability to actually save.

For me, about to give up work, the important figure is how much I’ve got ‘in the bank’ to spend. Is it more or less than last month and what is the end of year total?

The amount I pay in in any one month is irrelevant to me if it’s not there to spend because of share losses. I’m old and sensible enough not to be disheartened at the vagaries of the markets. I've experienced them long enough through 9/11, the 2007 recession and Covid.

Merlin's_Beard

£888.91 for September and a month that inexplicably ate my money.

Queen_of_the_Hive

george4064 said:

Wentthedaywell? said:

Minus £500 for September . I did actually save £1500, but the negative comes from my S&S ISA dipping.

I always find it surprising that people count S&S movements as gains/losses, to me that doesn’t seem appropriate as it isn’t money saved. Only contributions to a S&S ISA is ‘saved’.

Lets say you had a S&S ISA worth £100k and the markets (and your ISA) dropped by £10k, you mark it as -£9k for that month (you actually saved £1k that month). That’s going to make you feel unecessarily bad, and equally on the flip side if your ISA has a bumper month and you report a bumper monthly saving figure that might give you unfounded confidence in your ability to actually save.

George I can get what your saying but I count S&S gains and losses because I live on a very tight budget and often find myself in negative figures just because actual saving is a luxury atm. However some months the gains have made the difference between being up or down and this just keeps up the money motivator. In reality in my case I will overall be down this year but have paid back a big chunk of debt and my work situation has stabilised. I lost my job because of covid last year, was claiming JSA and generally in a hole. Things are much brighter now and hopefully next year will be even better with no debt. 

bioboybill

Hi, I hope everybody is well. #77 reporting another negative figure for September of -£3469.62. Form updated. This is down to having to make a final payment of just over £4500 for our garden room/conservatory and a quick trip away to the Lakes. Otherwise it would have been a positive figure. Looking forward to positive figures for the rest of the year.

Suffolk_lass

Number 26 with an accidental £998.03 for September. I forgot I had a new 3.5% (Skipton BS existing customers) RS and also bought £250 of PB. The other RS (the last of the 2.75%) matures next month.

It is going to pay for a new oil tank. We have looked at other options but none are great (No gas, no solar; thatched, and GSHP and ASHP unsuitable for our old house). So it is extra jumpers, heating on lower, and keep moving here.

steves_uk

#38 checking in with £936 for October. Payday yesterday and always pay myself first!

Breakdown is as follows:
DD JISA - £50
DS JISA - £50
Sharesave Scheme - £156
Sharematch Scheme - £30
S&S ISA - £650

October total - £936
2021 total - £11,901.28/£12k (99.18%)

Easy update form updated