The "Save 12k in 2018" Thread!

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  • vintagebrighton
    vintagebrighton Posts: 598 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    #32 ~ £2000

    Sorry for the lack of updating. I've been saving though and have 2k which is £500 a month for Jan - April. Now things have settled back down I'll be able to check in properly.

    Quick question if anyone who uses YNAB can help? Would it be suitable for someone who has erratic cash flow?

    Thanks

    VB x
  • Westie983
    Westie983 Posts: 5,213 Ambassador
    First Anniversary Name Dropper Photogenic First Post
    vintagebrighton wrote: »
    #32 ~ £2000

    Quick question if anyone who uses YNAB can help? Would it be suitable for someone who has erratic cash flow?

    Thanks

    VB x

    Yes as you only budget with money you have got, so having a erratic cash flow is okay as you just balance the available to budget with the budget catagories.

    Actually those with eratic cash flow are the ones that appreciate YNAB as they no longer look at their bank balances but their budget and forces you to cover your bills first, (which wouldn't know what you are short by and need to keep aside) if you were just looking at balance at each payday/funds to be budgeted.

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,427 Forumite
    First Post First Anniversary Name Dropper
    vintagebrighton wrote: »
    #32 ~ £2000

    Sorry for the lack of updating. I've been saving though and have 2k which is £500 a month for Jan - April. Now things have settled back down I'll be able to check in properly.

    Quick question if anyone who uses YNAB can help? Would it be suitable for someone who has erratic cash flow?

    Thanks

    VB x

    I would agree with Westie - if you have erratic income, then YNAB will try and get you to a point where that doesn't matter - I'm salaried, but I still appreciate the fact that things like car insurance, Christmas etc are 'paid for' over 12 months instead of covering it with just the month they occur in and crossing my fingers that this month's money is enough!
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £233.529.75
    Start student loan 2012: £29,750; current student loan: £11.400.50; OP offset fund: £750
  • vintagebrighton
    vintagebrighton Posts: 598 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    Thank you both. I'm hoping to free up a bit of head space by not having to remember payments in and out over several bank accounts! I'll check it out :)

    VB x
  • Westie983
    Westie983 Posts: 5,213 Ambassador
    First Anniversary Name Dropper Photogenic First Post
    If it helps I have around 40 accounts on my YNAB, which means each account I can see how much I need in the account to cover the DD's and each time I have money, I fund each account going down, (*I have them listed in date order of DD's) so I cover DD in accounts that pay out on the 22nd after payday, and then I know I can cover the 1st Bills by the tax credit payment I get later on in the month.

    Any questions Ill try to help

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • excelwizard
    excelwizard Posts: 81 Forumite
    £894.37 saved for March - form submitted

    total so far - a measley £63.25....

    however on the bright side my totals are looking good for April so I will finally start making some progress
    Save 12K 2019 #37 - £3,512.97 / £6,000 (July)
    [STRIKE]Save 12K 2018 #113 £7,755.49 / £7,500 [/STRIKE] [STRIKE]Save £12k 2017 #186 £8,507.30 / £10,000[/STRIKE]
  • CavendishWobble
    CavendishWobble Posts: 89 Forumite
    First Anniversary First Post
    Saved a wooping £1,789 this month! Helped largely by Natwest & First Direct switching incentives.

    My removal of takeaways and eating out so much has saved me loads more than i did previously!

    Total for the year so far £5,913.96
    Save £12k in 2020 = £4,074.62/£15,000 (27.2%) #89
    Save £12k in 2019 = £13,580.52/£15,000 (90.5%) #92
    Save £12k in 2018 = £17,189.12/£15,000 (115%) #36
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Hi Everyone


    #14 Reporting £2186 for April please


    Good luck all
  • Karen's_girl
    Karen's_girl Posts: 106 Forumite
    First Post First Anniversary Combo Breaker
    #70 declaring £350 for April.....
    _______________________________________________
    Current savings: £29,276.11
    Save 12k in 2017 #28: £6,746.34/£7,000
    Save 12k in 2018 #70: £3,967.33/£7,000
    Save 12k in 2019 #46: £3,507.36/£5,000
    Save 12k in 2020 #48: £2,884.51/£3,000
    Save 12k in 2021 #22: £6,210.46/£7,000
    Save 12k in 2022 #58: £1,369.16/£7,000
  • Westie983
    Westie983 Posts: 5,213 Ambassador
    First Anniversary Name Dropper Photogenic First Post
    Reporting £2500 this month,

    I have had two switching incentives that I have included this month, and I have had two maturing Regular Savers, so I will expect next month to be less as I have a few more maturing.

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
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