"The Save £12k in 2024" challenge

Caeraugirl

#19 Caeraugirl with another £1000 for July

Suffolk_lass

TallGirl said:

#50 TallGirl 

Thanks for doing the updates I’ve saved £800 in May and June. 

Many thanks 

Tina 

@TallGirl I have assumed that is each of May and June, not a total of £800 for both. Do say if that is wrong!

Suffolk_lass

I just wanted to mention a few stats from this year's challenge as we have just passed the half-way point.

• Five of us (in luminous apple green on the spreadsheet) have already exceeded our initial targets, set for the year! - that "us" doesn't include me, by the way!
• A further five have saved over 75% of their target (dark green)
• 23 out of 51 are on track (over 50%, under 75%) in addition to the ten previously mentioned (light green)
• 7 are close or very close to half way there (in pale amber) but we never know if they are working to a stretch target or maybe a bonus is due later, or an account matures
• 11 are at 25% or less; within these are the people who joined part way through, some who have not updated for June yet, and a few who posted once (5) so far, or only two or three times (3). 

Of those who have only checked in once, four did so in January only, so I am going to nudge them (some forget they joined the challenge). It's just a nudge, not intended to hassle people; circumstances change, as do people's plans. Anyway, we hope you are all alright and things are going well for you; @FlacosFloozie @SuperLooperSaver @starship15 @CountingPenniesClaire also @Bossofmoney with one update in April - we would love to hear an update

TallGirl

Suffolk_lass said:

TallGirl said:

#50 TallGirl 

Thanks for doing the updates I’ve saved £800 in May and June. 

Many thanks 

Tina 

@TallGirl I have assumed that is each of May and June, not a total of £800 for both. Do say if that is wrong!

thank you yes that is correct 

george4064

george4064 said:

#4 declaring £1,169 for May

Have decided to move a lot of savings to premium bonds to avoid paying 40% tax on the interest, we have temporarily high cash balances in preparation for some expected upcoming costs (renovations and other bits). Prefer to keep ISA allowance available for stocks & shares subscriptions, must keep these up despite everything else going on.

Good job saving some impressive numbers everyone!

#4 declaring £71 for June

Savings are pretty much non-existent as we pay for the renovations as we go along, but will keep reporting for completeness!

Decided to open a Trading212 ISA to try it out (and to benefit from the new ISA rules), invested just a small £500 in World Developed Equity ETF (LGGG). Mind you, I won't be adding any more money to it anytime soon, but maybe in the future.

jools1985

number 5 declaring £3035 for June

enthusiasticsaver

Glad to see everyone is doing so well and thanks to @Suffolk_lass for updating over the last week.  Mr ES and I were  away celebrating our 42nd wedding anniversary. Hopefully I will get on here more over the next few weeks. 

Topscooby

enthusiasticsaver said:

 Mr ES and I were  away celebrating our 42nd wedding anniversary.

Happy anniversary @enthusiasticsaver …it’s our 32nd anniversary at the end of this month too!

Andy 👍

Van_Girl

Happy Anniversary!! Hope you had a lovely time away 

Gem-gem

Happy Anniversary @enthusiasticsaver  and @Topscooby. 

#16 Gem-Gem reporting another £600 for July - one of my 6% accounts have just matured, sadly the money has not been reinvested back at 6%.
£1910 new total.