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  • FIRST POST
    • Sylvia1982
    • By Sylvia1982 8th Jan 19, 11:46 PM
    • 192Posts
    • 396Thanks
    Sylvia1982
    My savings log..."The next chapter"
    • #1
    • 8th Jan 19, 11:46 PM
    My savings log..."The next chapter" 8th Jan 19 at 11:46 PM
    Hello everyone,
    Hope you all had a lovely Christmas and a Happy start to the New Year.
    As you can tell, I have been away for some time from this forum. My last savings log has since closed. Was last updated July 2014Ö oops

    I have been listening to Dave Ramsey whilst doing my house work recently and have found he makes a lot of sense. I have realised since I have stopped updating on here and not completing challenges, my savings had drastically went down. I even purchased a brand new car with cash(made sure of that) as my previous car was soaked inside whilst been hand washed by the guys at the car wash. Note to self, do not get your car washed in winter in late afternoon. They hid the amount of water inside of my car boot really well. It affected the electrics as it got into the speakers and then few days later windows couldnít open. I unfortunately had to dip into my deposit fund as my newer car fund was only half the cost of my current car.

    Life had changed and I did save my end goal. Fortunately for me I moved and rented in the chosen area I had intended to purchase in. The best thing I had done. I just missed living in London way too much and the commute to work was ridiculous, just lucky if you can get a train.

    Iím in no rush in buying a property. I know I am a lot older than when I first started this journey, but my life has changed a lot. Iím planning to start a family end of this year with my partner, so will have to look for another rental once my contract ends on my current flat. Thankfully I am with someone who is saving too, so he understands why I will be opting for more home cook meals instead of having expensive meals out. Iím aiming to buy by end of next year if all goes well, if not, I will just keep saving.
    I have completed a new spread sheet for my monthly/annual budget for outgoings and savings. Aiming to stick to it as my savings per month are not as high as, as they were before in my last savings log as I currently reside alone.

    Here are my new funds and my savings so far. (Not including my stocks and shares and various funds, as they are long term)

    Deposit Fund = £80,846.38

    Fees and Etc. = £12,000

    Emergency Fund = £1,000

    Family Fund = £600

    Wardrobe Fund = £100

    Car Fund = £400
    Will be updating later in the month with my January savings and


    Bye for nowÖ

    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
Page 1
    • Sylvia1982
    • By Sylvia1982 8th Jan 19, 11:58 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    • #2
    • 8th Jan 19, 11:58 PM
    • #2
    • 8th Jan 19, 11:58 PM
    Here is the link to my first savings log
    https://forums.moneysavingexpert.com/showthread.php?t=3138908
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 9th Jan 19, 6:08 AM
    • 14,090 Posts
    • 47,567 Thanks
    savingwannabe
    • #3
    • 9th Jan 19, 6:08 AM
    • #3
    • 9th Jan 19, 6:08 AM
    Hello Sylvia welcome back!

    I am whizzing around getting ready for work so will post properly later but just wanted to say hi and well done on posting. Have a good day.
    Christmas Fund £188 Summer money earned £359 No spend month?
    • pinknsparkly
    • By pinknsparkly 9th Jan 19, 6:38 AM
    • 405 Posts
    • 889 Thanks
    pinknsparkly
    • #4
    • 9th Jan 19, 6:38 AM
    • #4
    • 9th Jan 19, 6:38 AM
    Hi Sylvia and welcome (back)!

    I've signed up to a LOT of challenges this year, and am hoping they give me the extra incentive I need to save that little bit more. I'm quite good at saving anyway, but more is always better than less There's a save £12k in 2019 challenge for example and also a mortgage free wannabe 2019 challenge, which (despite its name) has quite a few people on it who are saving for a house deposit rather than paying down their mortgage).

    That's such a shame on the car, and such an expensive lesson to learn but I hope you're at least enjoying your new wheels! And it's amazing that you managed to pay cash for it!!

    I (well "we" I suppose!) are also planning on trying for a family later on this year so I'll be keeping my fingers crossed for the two of us
    MFW 2019 challenge #99: £6,778.51 / £6,000 (£4,500 is in "offset" pot)
    MFiT-T5 (Jan 2019 - Jan 2022) challenge #99: £6,778.51 / £30,000
    Save £12k in 2019 challenge #99: £18,030 / £12,000
    2019 keep moving challenge: 271.3 / 1000 miles
    Last updated: 28/06/2019
    Initial MF date (18th Dec 2018): Jan 2054 Current MF date: Sep 2052
    • Sylvia1982
    • By Sylvia1982 9th Jan 19, 4:48 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    • #5
    • 9th Jan 19, 4:48 PM
    • #5
    • 9th Jan 19, 4:48 PM
    Hello Savingwannabe and Pinknsparkly, thank you for the lovely warm welcome.

    At this moment Pinknsparkly I cannot see myself saving as much as £12k this year, but will ask my supervisor on my return to work tomorrow to ask for extra shifts on my days off here and there, as it all adds up. I remember doing that challenge back in 2012 eek.
    But will definitely will be aiming to join a few challenges if they are still accepting new members.

    I too will be keeping my fingers crossed for us both on the family planning . My partner keeps reminding me, that means a child will be relying on us both
    I have started saving towards this, hopefully when we do start for our family it wont be too painful whilst I'm on maternity pay.

    I'm going to head over and try to locate the challenges threads

    Take care,

    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • Skint yet Again
    • By Skint yet Again 9th Jan 19, 10:09 PM
    • 3,630 Posts
    • 19,281 Thanks
    Skint yet Again
    • #6
    • 9th Jan 19, 10:09 PM
    • #6
    • 9th Jan 19, 10:09 PM
    Hi Sylvia wow that's awful about your car I don't suppose that's covered by car insurance ?


    Your savings are very impressive I look forward to seeing your progress
    Balance 0% credit card to pay £1360 £848 £798
    Balance 0% Car Loan to pay £940 finishes 1/1/2020
    Emergency fund 100 Car Fund savings £300
    • Sylvia1982
    • By Sylvia1982 10th Jan 19, 10:07 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    • #7
    • 10th Jan 19, 10:07 PM
    • #7
    • 10th Jan 19, 10:07 PM
    Hello everyone,
    Just a quick update, I have managed to join a saving challenge "Save 12K in 2019" I had assumed I had to save at least 12k to join(as I did this challenge back in 2012 with no issues in making more than that), so was happy I have been accepted with my low target of £6,000 for now
    So thank you Pinknsparkly for the suggestion.

    Hello Skint yet again, Unfortunately I did not go through my car insurance as I had no proof of what they had done at the time.Unfortunately I only discovered the next morning the damage they had caused to my car, as it was soaking wet inside

    I have been informed there is over time available, I just have to let them know when I would like to do them. Need to have a look at my partners monthly shift pattern, as we both work shifts. Don't really want to work on day we both have off
    I better leave it there for now.

    Take care,

    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 12th Jan 19, 1:15 PM
    • 14,090 Posts
    • 47,567 Thanks
    savingwannabe
    • #8
    • 12th Jan 19, 1:15 PM
    • #8
    • 12th Jan 19, 1:15 PM
    OMG so sorry about the car - a very important thing to remember if I do ever drive and get a car. Does anyone remember the 1970s when everyone's dad's used to wash their own cars at the weekend? - I think we should go back in time.
    Christmas Fund £188 Summer money earned £359 No spend month?
    • Sylvia1982
    • By Sylvia1982 20th Jan 19, 9:02 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    • #9
    • 20th Jan 19, 9:02 PM
    January Savings
    • #9
    • 20th Jan 19, 9:02 PM
    Hello everyone, hope you are all well

    Well, since my last update I have been doing some research in regards to when I become pregnant and what my pay will be after the initial 13 weeks once I go on maternity leave. I was rather surprised and slightly worried as it will only cover my rent and utility bills. Just happy I have looked into this now before its too late. As of next month I shall be saving at least £300 towards the family fund.

    I have been really good with my budget. Iím still baffled how I was spending on average £12 -£15 on lunch whilst at work. I have been taking in home made sandwiches or cold pasta instead, as I work between various locations during a shift. Been eating out of my cupboards and batch cooking, which has been fun.
    Been baking bread, which I know cost more, but nothing better than freshly baked bread in my opinion. Today I have made another batch of soup, as I had the last one yesterday for dinner.
    I have 5 portions in the freezer and 2 in the fridge for me and my partner for tomorrows dinner.

    Here are my January savings


    Deposit Fund = £745.71
    Total=£81,591.79

    Family Fund = £200
    Total = £800

    Wardrobe Fund = £50
    Total =£150

    Car Fund = £86.67
    Total = £486.


    I am so happy my November over time has finally been paid. In a way it was a good thing I didn't get it in last months pay or I would of spent it on something silly.

    I have updated my personal spreadsheet and will look into my bank statement to see what else I need to cut down on.


    I better go as I have an early start tomorrow.
    bye for now, Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • Sylvia1982
    • By Sylvia1982 25th Jan 19, 8:20 AM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    Hello everyone,

    Just a quick update. I have since received a refund of my credit from my energy provider this morning which has given me in total £50.78. I have added this amount to my deposit fund. New total is £81,642.57.
    I have also had been really good by having the last 7 days as NSD. Really proud of myself as I have been at work all week, with so much temptation whilst out and about going pass for example coffee shops. I have been bringing in my thermos cup with my hot drinks already prepared.

    Just hope as I am working nights the next 2 days I can keep this up.
    I'm going back to sleep hope you all are okay.


    Bye for now,
    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 26th Jan 19, 8:35 AM
    • 14,090 Posts
    • 47,567 Thanks
    savingwannabe
    Fantastic news and it's great you have had a NSD week. Fabulous savings! Crumbs. You are rich.
    Christmas Fund £188 Summer money earned £359 No spend month?
    • Sylvia1982
    • By Sylvia1982 31st Jan 19, 7:44 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    Evening all,
    Just an update as it is now end of January. I had some interest come in plus realised since I have gone to sim only last month, the last payment covers this month and a bit of next month as I am still in credit with my old contract. Just wish my provider had informed me at the time, as I got slightly worried why they had not taken my DD out.

    I have my final sum for my savings for this month.
    Total =£1023.73
    This is loads more than I had ever thought I could had saved. I am aware next months pay will reflect my true salary but looking forward to my pay rise in March.
    Since I had started to talk to those with little ones at work. They are pointing out the long term cost of having a family whilst doing shifts. I must say it is starting to worry me, but not putting me off.

    I have to agree savingwannabe, I have been loving the NSDs as they force me to plan the week, so I know what I actually need.

    Bye for now,
    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • Sylvia1982
    • By Sylvia1982 25th Feb 19, 3:03 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    Hello everyone,
    I was paid last week, but been busy with work. As I had predict, my salary was basic pay. Since I have been completing NSD and making all meals for work as well as at home, I have seen a massive reduction on my outgoings for the last 2 months.
    I managed to work 2 of my days off for overtime, so hopefully will see that in my next pay with all the overtime I worked last month.

    Here are my February savings


    Deposit Fund = £200
    Total=£81,870.11

    Family Fund = £642.20
    Total = £1,442.20

    Wardrobe Fund = £50
    Total =£200

    Car Fund = £66.67
    Total = £553.34.

    As you can tell, I am changing my saving goal for now and saving towards the family fund. Aiming to save between £10k-£12k for my bills and food towards whilst off, as I am aware I wont be getting paid for most of the time I am wanting to be off for.


    Bye for now,
    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 25th Feb 19, 4:15 PM
    • 14,090 Posts
    • 47,567 Thanks
    savingwannabe
    Hurrah for your savings!!! Well done on planning ahead.
    Christmas Fund £188 Summer money earned £359 No spend month?
    • Sylvia1982
    • By Sylvia1982 2nd Apr 19, 9:08 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    March savings
    Hello everyone,
    Sorry for not being on here for a while. Just returned back to work after having some time off work. Managed to spend time with friends and family, which has been lovely.

    Here are my March savings

    Deposit Fund = £0
    Total=£81,870.11

    Family Fund = £1108.81
    Total = £2,560.55

    Wardrobe Fund = £50
    Total =£250

    Car Fund = £66.67
    Total = £620.01

    I had a few spends on items I needed for work. Thankfully most of my overtime came in my last pay, hence the high savings.
    I'm really happy how I have knuckled down these last 3 months. Finally used up most of those cosmetic items us girlies tend to buy various brands and never finish the product before buying another
    I better say no more and leave it there

    Bye for now,
    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 3rd Apr 19, 2:51 PM
    • 14,090 Posts
    • 47,567 Thanks
    savingwannabe
    Hello Sylvia your savings are looking great as usual. Well done.

    It is good to use up old make up and perfume etc I am trying not to order anything now as I am finishing off mine too. I try to be careful but my make up drawer is overflowing with rubbish.
    Christmas Fund £188 Summer money earned £359 No spend month?
    • Sylvia1982
    • By Sylvia1982 10th Apr 19, 7:14 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    Hello Sylvia your savings are looking great as usual. Well done.

    It is good to use up old make up and perfume etc I am trying not to order anything now as I am finishing off mine too. I try to be careful but my make up drawer is overflowing with rubbish.
    Originally posted by savingwannabe
    Thanks savingwannabe
    Its amazing what you find once you finally go through it. I couldn't believe the number of duplicates or products I had or just didn't like lurking at the bottom of my draws.

    Been reorganising my wardrobe on my days off and feeling loads better for it.
    Hope you all are doing well


    Bye for now, Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • pinknsparkly
    • By pinknsparkly 13th Apr 19, 5:09 PM
    • 405 Posts
    • 889 Thanks
    pinknsparkly
    I don't wear makeup so don't have many duplicates of those hanging around, but recently decided to start using up all the "fancy" wash stuff that I've been gifted over the years. I've always felt that they're too nice to use for everyday but I must have enough to keep us going until next Christmas I reckon!!!

    I keep intending to attack my wardrobe, but I've put on a bit of weight completing my PhD (guess that's what surviving on zero sleep, washed down with endless cups of coffee and bars of chocolate will do to you) and the thought of rediscovering just how much of my wardrobe I can't currently fit into is rather depressing.....
    MFW 2019 challenge #99: £6,778.51 / £6,000 (£4,500 is in "offset" pot)
    MFiT-T5 (Jan 2019 - Jan 2022) challenge #99: £6,778.51 / £30,000
    Save £12k in 2019 challenge #99: £18,030 / £12,000
    2019 keep moving challenge: 271.3 / 1000 miles
    Last updated: 28/06/2019
    Initial MF date (18th Dec 2018): Jan 2054 Current MF date: Sep 2052
    • Sylvia1982
    • By Sylvia1982 1st May 19, 6:21 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    April savings
    I don't wear makeup so don't have many duplicates of those hanging around, but recently decided to start using up all the "fancy" wash stuff that I've been gifted over the years. I've always felt that they're too nice to use for everyday but I must have enough to keep us going until next Christmas I reckon!!!

    I keep intending to attack my wardrobe, but I've put on a bit of weight completing my PhD (guess that's what surviving on zero sleep, washed down with endless cups of coffee and bars of chocolate will do to you) and the thought of rediscovering just how much of my wardrobe I can't currently fit into is rather depressing.....
    Originally posted by pinknsparkly
    Well done on completing your PhD pinknsparkly. At least you have a lovely stash of toiletries put aside. Don't worry about the rest, it will all sort out.

    Well, I have been working more extra days for overtime, hence why i'm feeling rather tired on my days off. Might have to soon ease off on the amount I am doing, but in the mean time I can see a lot of progress in what I have been doing.

    Currently waiting to find out whether my LL will be increasing my rent as of next month. Really do hope , if it does unfortunately go up, it does not go up by much.

    Here are my April savings

    Deposit Fund = £447.77 (interest from existing savings)
    Total=£82.317.88

    Family Fund = £.854.54
    Total = £3,415.09

    Wardrobe Fund = £0
    Total =£250

    Car Fund = £66.67
    Total = £687.68


    Bye for now,
    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 1st May 19, 6:52 PM
    • 14,090 Posts
    • 47,567 Thanks
    savingwannabe
    Hurrah for your interest that is great. Makes you realise how much you can earn when you have saved a larger amount.

    I do hope the landlord doesn't put up the rent by too much. Have a good month.
    Christmas Fund £188 Summer money earned £359 No spend month?
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