The "Save 12k in 2022" Thread!

george4064

#21 reporting £1,189 for September.

Form submitted.

ForestBluebells

#4 reporting £1,933.79 for September. Had a good month with freelance work and no vet bills this month (but will be back next week 😂🫣). Still heavily focused on my pension investments to make up for lost time. Will see how this year pans out as I could end up switching to other investments although I’m also cash heavy at the moment (all earmarked for things in next few years and emergency fund) so not too worried but might want to focus more on the mortgage if rates don’t start dropping (fixed till 25 so again not too worried yet)

geoffers4

Hi everyone,  Reporting £1019.65 for September. Realistically this is the high point of my savings journey as I'm projecting quite a lot of holiday costs (and negative savings) over the next 3 months up to retirement from work in December.

This month saw extra costs for a lovely day out and pub meal our (grown up) boys, running shoes + other bits for the Great North Run (which I survived!), and the annual house insurance. The Vanguard S&S ISA also took a massive hit this month, thank goodness I view this as a long-term investment (10+ yrs) and don't report ups/downs in my monthly savings.

Just 8.5 more days in the office before FIRE - very wierd!

Happy saving everone.

Merlin's_Beard

£1499.43 for September. From this month, mortgage overpayments are going to be counted for this as well as non paycheck pension contributions and cash savings.

Queen_of_the_Hive

geoffers4 said:

Hi everyone,  Reporting £1019.65 for September. Realistically this is the high point of my savings journey as I'm projecting quite a lot of holiday costs (and negative savings) over the next 3 months up to retirement from work in December.

This month saw extra costs for a lovely day out and pub meal our (grown up) boys, running shoes + other bits for the Great North Run (which I survived!), and the annual house insurance. The Vanguard S&S ISA also took a massive hit this month, thank goodness I view this as a long-term investment (10+ yrs) and don't report ups/downs in my monthly savings.

Just 8.5 more days in the office before FIRE - very wierd!

Happy saving everone.

Congratulations geoffers4 on your impending retirement

Queen_of_the_Hive

Hi SF and Forumites,

Not much to say but feeling sunk with the current state of affairs. After a bit of a stock market rebound, savings has now nose dived and now finding myself looking for another source of income to keep up. So for September recording another minus £1109.99

Gem-gem

#10 reporting in for September
£1000 dividends
£700 salary
£400 interest from two ISA & one bond
£2100 in total
£9000.00 for the year.
75% of new target of £12k

slowlyfading

Spreadsheet updated

I must admit, I usually love running this challenge but now my savings are at £0, it makes me feel a little sad. I hope I can get my budget to some place where I can save again; single, low income parent is a tough gig at the moment.

AuburnEnigma

#17 reporting in for September: 

• £450 into S&S ISA
• £62.50 into SIPP (£12.50 of which is tax relief)
• £1.74 on Save the Change

Monthly total is £464.24, YTD is £5234.04


Only managed to put that much in my S&S ISA because I had 2 paydays last month (I get paid every 4 weeks so September was the month where I got the extra payment) - if bills go up much more then I may well have to just only reinvest the dividends and not add anything else in. It doesn't help when wages aren't going up either, to the point where I might have to start looking for some freelance stuff. 

Thoughts are with you SF, I'm a single low-income household and I can't imagine how hard it must be having to factor in children on top of that. 

Off to update the spreadsheet.

enthusiasticsaver

slowlyfading said:

Spreadsheet updated

I must admit, I usually love running this challenge but now my savings are at £0, it makes me feel a little sad. I hope I can get my budget to some place where I can save again; single, low income parent is a tough gig at the moment.

I am sure it is tough as your circumstances have changed but hopefully in time your budget will allow for saving and investing again.  Your frugality in the past will stand you in good stead though and at least you do not have a mountain of debt.  Divorce/separation unfortunately usually has a negative impact on finances and you are doing the best you can for you and your two boys. Glad you are feeling a bit better in yourself though. Keep on plugging away at the savings when you can. 

Unfortunately I have fallen off the savings band wagon due to a month long holiday booked pre Covid which eventually took place in September 2022 and a deposit for a family holiday next year plus an expensive car bill.   Hopefully I can start declaring again in October but will probably reduce my challenge amount given there is no way we can save £5200 on pensions between now and December.