"The Save £12k in 2024" challenge

enthusiasticsaver

CreditCardJunkie said:

Suffolk_lass said:

The purpose of this post is a little reminder as there are some surprising MIU (missing in updates) people on the 2024 spreadsheet so far. We might hide them on the spreadsheet at the end of March, if no word. They are red at the moment. 

So hopefully this is not a nag but just a nudge, especially for any who omitted to click on the favourites pennant so this thread is in their bookmarks. Of course, if you expect a big bonus at the end of the quarter, no worries, but it would be good to know if you are still interested (or not):

@Betharooni @Lomcevak @imajica37, @CreditCardJunkie, @brucefan_2, @scrooge2008, @James240, @angelicious @D0lphine @Stanleymp @mrsmseabastian @Brianglasgow2022 @jools1985

And @Sandyra, we know you are saving for a wedding next month so we hope to see you after that!

I'm totally MIA as we decided in Jan to sell our house and move and both cars have needed a multitude of repairs so our savings have been significantly dented! As soon as we're into our new property I'll be back on the wagon! Thanks for the nudge.

Hope to see you back soon once your finances have recovered from the move and car expenses.

I have made my last transfer to savings for March today of £2000 but at some point the money will need to come out to pay for our South Africa trip. DHs lump sum from one of his pensions has had too little tax deducted so at some point we will no doubt get a tax demand so that will sit in savings for a few months too. 

#1 March savings £16350. Total saved in 2024 £18850. 

jools1985

I'll be updating again on the 28th - payday for me. @enthsiasticsaver - you helped me so much on the Debt free Wannabee boards, after years of gambling addiction and escalating debt. This resulted in a DMP with Stepchange and I stopped gambling. After becoming debt free in September 2022 I now have an obsession with saving and especially with regular savings accounts.

I will be back in a few days time

 -

KrsyW

Good evening everyone, hope we are all well.

With payday fast approaching I have done all of my money moving as we had a sudden downpour ruining my Sunday afternoon plans!

#59 KrsyW £1,330 for March

I have had a bit of a rethink over the last week while going through my spreadsheets and have pushed back my mortgage free target.  I had targeted being mortgage free by 50, and was so hyper focused on it that I was stopping myself spending any money and it was making me miserable.  Every time I went to buy something I would feel guilty as it was eating into my mortgage fund.  I have decided to push back my target by a couple of years and allowing myself some discretionary spending each month.

MrsCautious

#56 MrsCautious £843

just moved money from Club Loyds current account to Coventry saver. I hope it’s not making too much work for you with me moving things around after also having a minus figure this month, it’s a combination of sometimes erratic income and trying to get the most interest. Thank you for updating and the work this takes. 

Suffolk_lass

jools1985 said:

I'll be updating again on the 28th - payday for me. @enthsiasticsaver - you helped me so much on the Debt free Wannabee boards, after years of gambling addiction and escalating debt. This resulted in a DMP with Stepchange and I stopped gambling. After becoming debt free in September 2022 I now have an obsession with saving and especially with regular savings accounts.

I will be back in a few days time

 -

What a lovely comment - well done and congratulations on turning it around  @jools1985

Suffolk_lass

I've just caught up on here after cramming for my exam that was on Saturday (not my best idea at this stage of life, methinks!).

Anyway, my birthday was last week and I start receiving my pension this month (phew). I am one of the WASPI women who had the goalposts moved. I am more fortunate than many. I planned for age 62 in response to the Ken Clarke budget announcement in 1995 and the information published after the legislation was brought forward in 1997. It was the letter moving it to 65 in 2012 and then the uplift to age 66 that messed it up for me. Not enough time to plan for it properly, lost opportunity with the money not coming in, and the depletion of capital as I have topped things up in the intervening time from savings. If we had not been tracking and saving through this thread it would have been a lot worse for us. We have drawn down DH's DC pension to make it work. 

On the upside, I am hoping the monthly savings reports will lift a bit from the miserable mark after April - April because I have a humungous credit card bill after paying for the materials for a village project and my house insurance in March, both on my CC, and although I have been reimbursed for the former, the latter is close to £2000 (the joys of owning an ancient house). 

[Deleted User]

Hi All, Number 8 declaring £4370 in March, £480 of which was money from OHs insurance as apparently they had underpaid us when his car was written off a few years ago.

As always thanks to @enthusiasticsaver and @Suffolk_lass for running the thread this year .

Jellybaby

#7 Jellybaby £1,500 for March total for me 

Almost 10 weeks into early retirement and still working on my monthly budgets and pots! Likely to be a third of this amount going forward but with DS2 buying his first home and DS1 moving (again!) it’s likely to be a month or two until things settle down (says I busier than ever and wondering how could I have possibly fitted work in 🤣).

x_raphael_xx

#43 checking in.

Finally payday. Paid my final repayment to mums loan, so now I should be able to focus on saving!

£268.36 / £12,000

ReleaseTheStars

#34 ReleaseTheStars adding an extra £253.74 to March

My income is likely to fall from next month, so I've tried to get a bit ahead of my average needed to meet my £6k target. This money is all going into my SIPP - I've neglected pensions a lot in the past, so I've been educating myself and trying to catch up a bit. This challenge is very motivating!