The "Save 12k in 2022" Thread!

Queen_of_the_Hive

Hello! 

I haven't posted for a while! #51. I have made a little bit of progress in savings and debt repayments. Currently sitting with 2 more payments to go on a balance transfer cc and then apart from regular monthly spends on the cc I'll be debt free after 4 years & a major lifestyle change. Yay go me! 

So here goes figures for 2022

Jan -£10.88
Feb -£343.42
March -£763.39
April + £1286.39

So, so far I am a titchy £168.70 up this year. This is a combination of stock market gains, careful budgeting and some luck. I live very much on the border between being up or down and each month little things can push it down but having the cc paid off will make a huge difference. 

My fav little saving habit which started in April was to invest my little gains from surveying into S&S ISA using the same principle as small overpayments on a mortgage. Looking after the pennies...

george4064

george4064 said:

Reporting -£689 for March.
 
Figure is negative this month because I had a lovely week's skiing earlier in March, and paid for another mini trip for April, so its nice to know its going to things that make me happy! (holidays) 

Few (some big) milestones achieved through March:

• Student loan is finally paid off, I was a lucky one in a Type 1 plan. My partner has Type 2 and I know how crazy the sums are!
• Stoozed credit card is paid off in full, as planned which was good!
• Improved the interest rate on emergency fund from 0.84% to 1.5%, every little helps!

Off to submit my form now!
  

#21 reporting £1,542 for April

• S&S ISA is taking a bit of a battering with market movements, will look to capitalise on that by adding some cash to that pot this month (May).

• Made a £2,000 contribution to my S&S LISA, which bought a lot more shares in MNKS than it did last time round (as share price has fallen!)

• Have started more closely track my overall retirement assets (DC Pension + SIPP + S&S LISA), however as retirement is still a long way off I'm not going to yet start adding in projections to what my pot might be worth in the future. I have done rough calculations but since its so far away I don't feel that more detailed calculations will give me anymore info than what I have now. Not looking forward to expanding these calculations in the future as I near retirement(!)

• Started to make plans for our new kitchen, so that will be a new challenge in terms of budgeting for it! Have never done any house renovations before, so mixture of excitement and nervous.

Off to update the form now. Great job everyone, so inspiring to read everyone's updates!

kev2009

Hi,

#003 declaring £500.00 for May.

Form has been submitted.

Thanks

Kev

ForestBluebells

#4 reporting £1606.04 this month, a lot less freelance earnings which will be the same ongoing for a while. Negotiated a tiny pay rise which is mostly taken up by the tax rise🙄

Hellesbelles

#57 reporting £1,000 for April.

Congratulations to all buying homes or retiring - exciting times!

AuburnEnigma

ForestBluebells said:

#4 reporting £1606.04 this month, a lot less freelance earnings which will be the same ongoing for a while. Negotiated a tiny pay rise which is mostly taken up by the tax rise🙄

BIB: same - my pay has gone up by 10% as a result of a restructure in the pay grades, but as I'm now having to pay off student loan again and there's increases in NI and pension, I'll probably only be £40 per paycheck better off. 

And yet a lot of us at my company are only there for the pay due to diabolical management.... least it helps to fund my ISA contributions so I can hopefully retire earlier 

dingling68

No 54 reporting 7,811 for April.

I had four monthly savers mature in April, so included the balances banked excluding the instalments from Jan to Apr, as these have already been accounted for. I have reduced a lot of my monthly savers as they pay less interest than Chase so I am channeling the money there instead.

May will see the first real month of the drop in my wages as I do not have any accounts maturing.

Off to update the form.

Congratulations to those purchasing properties, kitchens, retiring and receiving pay rises.

Merlin's_Beard

dingling68 said:

No 54 reporting 7,811 for April.

I had four monthly savers mature in April, so included the balances banked excluding the instalments from Jan to Apr, as these have already been accounted for. I have reduced a lot of my monthly savers as they pay less interest than Chase so I am channeling the money there instead.

May will see the first real month of the drop in my wages as I do not have any accounts maturing.

Off to update the form.

Congratulations to those purchasing properties, kitchens, retiring and receiving pay rises.

Also very leery of starting any regular/fixed savers right now when the interest rates are going up!

robadger

Number 55 reporting £2395 for April

ISA - £500
Mortgage Overpayment - £360
Sipp - £625
Cash savings - £900
Interest - £10

A biggish credit card bill and holidays to book mean that this might be my best month for a while. 

slowlyfading

Spreadsheet updated.