The "Save 12k in 2022" Thread!

Van_Girl

becky_rtw said:

I've realised I've been failing to track my additional Student Loan repayments in the way of savings...one of the reasons I've been saving less than planned is because of the 12% interest in September so I'm accelerating plans to pay it off so I dont get hit by that too much/at all. 

Probably should at least be tracking the interest I'm saving by doing this but too late now. Need to remind myself of this when I'm behind target in December

Hi Becky, I understand they've rescinded that and it's only going up to 7.3% 

Still not great, but not so crazy! I never intend to pay mine off, so I'm not worried about it... hoping to go back to do a PhD so I'll keep stacking it up no doubt haha

becky_rtw

Thanks I hadnt realised that. Although still a lot more than before and I am going to pay it off so at least I am saving interest this way (I worked out I'm saving about £1700 in interest with my overpayments!), compounding on these loans is awful  

lantanna

#9 declaring for June, moving into a new build in August so my saving is down £500 moving costs. 

Gizmo70

#5 reporting in for May. I managed to save £1,523 for this month (form updated) which means I am still on target for the year (41%). I also managed to add £450 to the repairs & replacements pot this time, but I expect some of it to be used up in the coming months by various planned works plus I have the car service, MOT and insurance.

atti

Suffolk_lass said:

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

I'll be leaving them in my account to either cover fees or get reinvested at some point.

becky_rtw

£1,700 for June which takes me to £10,750 for the year, includes a cheeky £25 pb win. 

Still behind but not a surprise really. Lots of house expenses at the moment. 4 more months of Student Loan, including overpayments, by my calculations as well and then that is paid off too. 

Off to update the form  

enthusiasticsaver

Appalling month for saving.  We have finally paid the balance of a holiday to Canada we are now hopefully going on in September which has been delayed since 2020 due to Covid and DHs open heart surgery.  Also booked a mini break in a fancy hotel next weekend to celebrate our 40th wedding anniversary so all our spare money is going towards that. Our S and S ISAs are not looking great either although only 3.4% down since invested but all the gains from last year have now disappeared. A bit all doom and gloom really. 

Van_Girl

#22 reporting £1492.14 for June - just about to update the spreadsheet

Trying hard not to lose motivation, think it's just a mid year thing, plus things just grinding on. Maybe I need to make my money saving a bit more exciting, I don't know   

xox-lozzy

#83 £557.62 saved this month.

dabbling with cash budgeting at the moment to make me more conscious of what I spend especially with the cost of living shooting up. I want to have a good emergency fund saved up for winter! 

lantanna

#9 £35 form submitted. On track to have £1000 in the bank by the end of the year.