The "Save £12k in 2023" Thread!

Gem-gem

#5 reporting £3550 for March. 

Placed into a triple access ready to go into next years ISA. 

When do people like to open up their ISA's? (April 6th, a few weeks later or at the end of the year or another). 

What is your rationale for this choice? 

Suffolk_lass

Gem-gem said:

#5 reporting £3550 for March. 

Placed into a triple access ready to go into next years ISA. 

When do people like to open up their ISA's? (April 6th, a few weeks later or at the end of the year or another). 

What is your rationale for this choice? 

As soon as I have some money available, I add to the S&S ISA. My rationale is that it maximises the time for return on investment and growth (interest, if cash)

Lomcevak

Gem-gem said:

When do people like to open up their ISA's? (April 6th, a few weeks later or at the end of the year or another). 

What is your rationale for this choice? 

I only use a S&S ISA, and just have a montly direct debit for £1500 and use the final bit of allowance to rebalance once a year. Figure I can't time the market, so might as well just cost-average. My S&S ISA is very simple (80% VWRL / 20% SGLO) and a rebalance once a year to is all I do to it. Otherwise just keeps ticking along.

If I was just adding to it occasionally or using a cash ISA i'd follow the same approach as @Suffolk_lass

Jellybaby

#11 reporting in with savings of £1,675 for March.  Had a few unexpected costs this month so very happy with that 😊

[Deleted User]

When do people like to open up their ISA's? (April 6th, a few weeks later or at the end of the year or another). 

What is your rationale for this choice? 

I have a Stocks and Shares ISA as well and new money for the new tax year goes in on 6th April but by the time it's actually invested it is a few days later.  This is by monthly direct debit.  I have a mix of funds (Vanguard) and investments trusts in there.

SuperLooperSaver

Lomcevak said:

#18 reporting in with £2,500 for February and £15,594.33 for March. Trying to get back up to date with savings accounts etc. too, with rates near zero I largely gave up paying attention but feels like it's time to catch up again.

I've been trying to do this too.  Just opened a new fixed rate (1 year) ISA paying 4.01% and am transferring two ISAs into it.

SuperLooperSaver

Gem-gem said:

#5 reporting £3550 for March. 

Placed into a triple access ready to go into next years ISA. 

When do people like to open up their ISA's? (April 6th, a few weeks later or at the end of the year or another). 

What is your rationale for this choice? 

I tend to open them towards the end of the financial year, mainly because I seem to think about them more at that time of year.

steves_uk

#51 checking in with £2,562.96 for March.

Breakdown is as follows:
DD JISA - £50
DS JISA - £50
Sharesave Scheme - £156
Sharematch Scheme - £30
S&S ISA - £2,276.96

2023 total - £5,848.96/£15k (38.99%)

The reason for the random amount in the S&S ISA this month is because it's the end of the tax year, so I've checked all accounts I have open and scraped out any excess cash sitting in them. For example, my Starling accounts have a round up feature so I've shifted that into savings. I also run a 'yearly big bills' account which typically runs over slightly so I've pulled it back down to a reasonable level and shifted the excess into savings Feel like it makes sense to use up the ISA allowance whilst it's still there

ForestBluebells

#12 reporting £1,478.92, bought some dog food (5 months worth) otherwise uneventful. Despite the savings my overall worth only increased £15 due to market losses 😂

tommyedinburgh

#16 reporting £456.60 for March. Unfortunately a good £400ish short due to industrial action but we did secure a 14% two year deal I suppose.