The "Save 12k in 2022" Thread!

Hellesbelles

No 57 with my May update.

£850 - hoping that my oven is repairable and not dead

Suffolk_lass

atti said:

#75 reporting in with £445.27 for May (form submitted).

Got my first dividend payouts, a grand total of £1.63! 

@atti what are you doing with it? my S&S ISA used to be set to ACC(umulate) but some of the higher paying dividend funds are now set to INC(ome) - now we are retired. They quietly accumulate in a cash account for withdrawal or investment, and as a cash buffer so that monthly fees don't mean selling investments to cover the platform costs

dingling68

No 54 reporting £4,460 for May.

Includes my tax free dividends from my limited company of £2,000 and £2,000 into my limited company pension. I finally caught up with some invoicing in April so had the funds to make the transfers.

Will now submit on the form.

Have a good month everyone   

george4064

george4064 said:

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!

#21 reporting £1,065 for May

Form submitted

george4064

Suffolk_lass said:

Number 14 reporting in with £700.09 thanks to two bumper (for us) dividend-paying ISAs this month (on very meagre holdings), plus one RS and lots of Tilly Tidying. The capital may have reduced thanks to market fluctuations but the dividends were good.

Just to echo @geoffers4 it is sad to see @Wentthedaywell? hanging up savings boots. There are several of us unwaged folk on here who continue to squirrel money away (in my case, if we feel in any way well off, we overspend, so feeling "poor" (it is all relative) keeps my savings and economising habits true to what were hard-learned lessons here.

I wonder if sharing how we approach our savings might be of interest to others as we go. I know we have done it before, in previous years but in the interests of others, looking to squirrel away a bit for the first time. So here goes:

• I Tilly Tidy both C/A, almost every day (except the dead-zone last 10 days of the month)
• RS - Just one, £250 a month
• Dividends in our ISAs (I ignore capital shrinkage or growth, treating it as sunk money that has gone in terms of budgets)
• PB wins and other interest if I remember (the RS premium when it matures for example

I have finished work and so has my husband. We have both taken our non state pensions as our principal income. Funding the gap before SPA with savings

Thought I would also share my routine, for the interest or benefit to others.

- For all my bank and savings accounts, I take the difference of each account for the new month end vs the previous. 

- For pensions, I dont include my core contributions and only include any AVCs or other extra contributions I may make.

- For S&S ISA and S&S LISA, I only count new contributions so any investment fluctuations (including dividends) are not included. The way I see it, investment returns (good or bad) are not due to how well I've been saving so dont think it's relevant.

- Mortgage, similar to my pension I dont include any standard repayments however any overpayments I may make count towards this challenge.

robadger

george4064 said:

Thought I would also share my routine, for the interest or benefit to others.

- For all my bank and savings accounts, I take the difference of each account for the new month end vs the previous. 

- For pensions, I dont include my core contributions and only include any AVCs or other extra contributions I may make.

- For S&S ISA and S&S LISA, I only count new contributions so any investment fluctuations (including dividends) are not included. The way I see it, investment returns (good or bad) are not due to how well I've been saving so dont think it's relevant.

- Mortgage, similar to my pension I dont include any standard repayments however any overpayments I may make count towards this challenge.

I take a very similar approach. I pay into a DB pension which I don't count but only count payments into the SIPP. I do howver factor in the 25% government contribution. 

candiii

#42 Adding £102.35 please

Queen_of_the_Hive

Hello SF and forumites, 

Hope everyone is having a good week so far, 

Am finding myself like a broken record, submitting another minus amount. This time #51 with -£1668.95 for June. This is down to very poor stock market performance, its no fun

I use a quite a simple method to review savings. I look at total amount I have in savings on 13th of month and compare this figure against the previous month. This does take account of stock market fluctuations and it can be a very frustrating way to look at things this way but as I am dynamic with savings I find this works for me. 

One glimmer of positivity is that I have one remaining payment due on balance transfer then I'll be debt free apart from monthly spending which is paid off every month. Very happy to say this. I hope I will get to start putting something aside. 

madhatter83

June update, Going to ask to be withdrawn from this challenge please. Have just taken ownership of our first home and for now would like to focus on overpayments on mortgage instead of savings. 

Good luck to everyone on your savings challenges going forwards:)

Suffolk_lass

Ooh lovely @madhatter83 many congratulations on that 🥂🥂