The "Save £12k in 2023" Thread!

george4064

ispookie666 said:

waiting for the google form to be added.  
Does anyone include mortgage overpayments?  I'm thinking of stopping my ISA contributions and maxing out penalty free overpayments for the next few years.  

I do. I don’t count any standard mortgage payments that cover interest and capital repayments, as OPs are above and beyond those, they count.

phillw

george4064 said:
I do. I don’t count any standard mortgage payments that cover interest and capital repayments, as OPs are above and beyond those, they count.

I counted all repayments because every month I would get a new mortgage balance and it would go on my spreadsheet as a debt, the interest they were charging me each month was therefore also included in the calculation.

By including all accounts whether they had a positive or negative balance, it gave a true indication of how much I was actually saving. I didn't include capital assets, like the estimated house price, but I know some people do.

TinaBallerina

Hi everyone, number 37 reporting £198.74 for February, I have filled in the form.  My food spend has gone up massively in the last month, so that was a bit of a shock.  I've increased my food budget a bit for next month and I'm going to try to be more mindful of my food spend in March.

ForestBluebells

#12 reporting £1078.85, had my mot this month so a few expenses but not too bad. 

enthusiasticsaver

My final update for February is £2500 so doing well so far. March will be a big fat zero though as we have our main holiday balance to pay, DHs car mot and tax although we do have a savings pot for that and a week away at the end of the month. 

Jellybaby

#11 reporting £1,525 for February.  Pleased with that and although I've put some money aside March will be costly as MOT/service and boiler service due and a couple of 'big' birthdays.

brucefan_2

#22 reporting £548.59 for February.

Better month than January but another vet bill ate in to what could have been.

David

Van_Girl

#14 reporting £1,421.19 for Feb  

Back on track now, though I do have some necessary house repairs coming up so that's bound to knock things back a bit again. But we'll see what other savings we can make in the meantime!

Pinkdaisy88

# 53 reporting a saving of £500 this month. 

I’m really pleased with that as I had my sons birthday and we went away for a few days for half term.

pay day is tomorrow and I’ve got £115 left in my bank which I’m putting towards treating my  eldest son to some new clothes for his skiing trip with school in April. 

gd55

#20 reporting £932.32. Form completed.

Up on last month which is good, especially considering we went on holiday for my 40th at the start of February!

I have also moved my savings accounts as there were better interest rates available so am giving myself a gold star for financial adulting.