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  • FIRST POST
    • BritOnABudget
    • By BritOnABudget 27th Dec 17, 11:47 AM
    • 59Posts
    • 495Thanks
    BritOnABudget
    Getting a head start on saving
    • #1
    • 27th Dec 17, 11:47 AM
    Getting a head start on saving 27th Dec 17 at 11:47 AM
    I thought it would be a good idea to keep a diary on here so I can keep track on my savings and see how far I have come.

    Currently my funds are:

    House Deposit: 2,500
    New York Fund: 250
    Holiday Fund: 74.55
    Emergency Fund: 66.70
    Car Costs: 70.83
    Christmas 2018: 40

    I'm hoping to have saved 4000 in my LISA by April while still saving for my funds so I plan to work hard with surveys and ebaying etc.
    House Deposit: 5,015.37
    Make 2018 in 2018 - 1399.45/2018
    Save 7k in 2018 #25
    Emergency Fund - 0/1000 = 90%
Page 1
    • savingwannabe
    • By savingwannabe 27th Dec 17, 12:36 PM
    • 13,382 Posts
    • 46,872 Thanks
    savingwannabe
    • #2
    • 27th Dec 17, 12:36 PM
    • #2
    • 27th Dec 17, 12:36 PM
    Hello Lauren and welcome. It's great to have a new member of the forum. Well done on your savings so far. You have more in your Christmas Fund than I do!
    Chiistmas Fund 21.00 (Dec 1st 2018)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • Kittikins
    • By Kittikins 27th Dec 17, 11:51 PM
    • 5,054 Posts
    • 44,083 Thanks
    Kittikins
    • #3
    • 27th Dec 17, 11:51 PM
    • #3
    • 27th Dec 17, 11:51 PM
    Good luck on the ebaying, I might need to take that back up again myself in 2018. Welcome to the board!
    Sealed tin saving - trying to put everything under 1 in my purse in there each day
    House deposit savings 52,000
    • BritOnABudget
    • By BritOnABudget 2nd Jan 18, 11:05 AM
    • 59 Posts
    • 495 Thanks
    BritOnABudget
    • #4
    • 2nd Jan 18, 11:05 AM
    • #4
    • 2nd Jan 18, 11:05 AM
    Added 150 to my LISA which brings it to 2650.
    I have cut down massively on buying lunches at work however need to try and do this with takeaways too. Not too bothered about meals out as I see these as a treat.
    House Deposit: 5,015.37
    Make 2018 in 2018 - 1399.45/2018
    Save 7k in 2018 #25
    Emergency Fund - 0/1000 = 90%
    • savingwannabe
    • By savingwannabe 2nd Jan 18, 5:42 PM
    • 13,382 Posts
    • 46,872 Thanks
    savingwannabe
    • #5
    • 2nd Jan 18, 5:42 PM
    • #5
    • 2nd Jan 18, 5:42 PM
    That's great. I take sarnies to work as much as possible and it really helps. It has taken me years to do this so I do applaud you. I have been having takeaways recently but they have been really dear and not so tasty so I should give these up.

    I'm trying (I don't know if it will work) to meet friends and order coffee only to keep the cost down. I don't know if I will be able to do it but it is one of my resolutions.
    Chiistmas Fund 21.00 (Dec 1st 2018)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • BritOnABudget
    • By BritOnABudget 2nd Jan 18, 7:51 PM
    • 59 Posts
    • 495 Thanks
    BritOnABudget
    • #6
    • 2nd Jan 18, 7:51 PM
    • #6
    • 2nd Jan 18, 7:51 PM
    That's great. I take sarnies to work as much as possible and it really helps. It has taken me years to do this so I do applaud you. I have been having takeaways recently but they have been really dear and not so tasty so I should give these up.

    I'm trying (I don't know if it will work) to meet friends and order coffee only to keep the cost down. I don't know if I will be able to do it but it is one of my resolutions.
    Originally posted by savingwannabe
    I know how you feel, it's far too tempting when you pass the counter and see all the lovely cakes and sandwiches
    Thank you so much for your support!
    House Deposit: 5,015.37
    Make 2018 in 2018 - 1399.45/2018
    Save 7k in 2018 #25
    Emergency Fund - 0/1000 = 90%
    • BritOnABudget
    • By BritOnABudget 2nd Jan 18, 8:00 PM
    • 59 Posts
    • 495 Thanks
    BritOnABudget
    • #7
    • 2nd Jan 18, 8:00 PM
    • #7
    • 2nd Jan 18, 8:00 PM
    I managed to keep a spreadsheet of all my expenses this year by looking at bank statements and collating these.
    I was disgusted by the totals to be honest so I wouldn't be surprised if some of you are too, however I only started to minimise spending and maximise saving in July so I'm hoping my totals will be a lot better for 2018
    Baring in mind I live with parents so I do not pay any rent or bills, and my only commitment is my car, so here goes....

    Cash Withdrawls: 2,258.12
    Food Shopping: 1,120.04
    Meals Out/Takeaway: 868.83
    Gifts: 589.83
    Pub: 314.67
    Going Out: 126.85
    Clothes: 1,048.42
    Contact Lenses: 108.30
    Phone: 202
    Petrol: 1,126.75
    Days Out: 734.77
    Misc: 1,099.57
    TOTAL: 9,598.15



    I understand that this is not 100% accurate due to the cash withdrawls (as I know I have spent A LOT more money going out) and the misc column therefore I'm planning to spend more on my card this year to keep track of exactly where my money goes.

    Thanks for reading and following my journey to saving!
    House Deposit: 5,015.37
    Make 2018 in 2018 - 1399.45/2018
    Save 7k in 2018 #25
    Emergency Fund - 0/1000 = 90%
    • savingwannabe
    • By savingwannabe 2nd Jan 18, 8:02 PM
    • 13,382 Posts
    • 46,872 Thanks
    savingwannabe
    • #8
    • 2nd Jan 18, 8:02 PM
    • #8
    • 2nd Jan 18, 8:02 PM
    Blimey, that is sooo organised and a real motivation to improve.
    Chiistmas Fund 21.00 (Dec 1st 2018)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • BritOnABudget
    • By BritOnABudget 5th Jan 18, 3:09 PM
    • 59 Posts
    • 495 Thanks
    BritOnABudget
    • #9
    • 5th Jan 18, 3:09 PM
    • #9
    • 5th Jan 18, 3:09 PM
    I've made a meal plan for my lunches next week so I'm not tempted to buy anything and there's a bit of variety:

    Monday - Potato and egg salad (1.50 but can have a go at making myself in the future)
    Tuesday - Jacket potato with cheese
    Wednesday - Tomato soup and bread
    Thursday - Ham, tomatoes, pickled onions (about 1.30 for ham)
    Friday - Pasta with salmon mayo

    So I should only need to spend about 3 for the week.

    After making my quiche tomorrow I'm also planning to go to Halfords and take advantage of the free winter car check.
    Last edited by BritOnABudget; 08-01-2018 at 12:36 PM. Reason: edited
    House Deposit: 5,015.37
    Make 2018 in 2018 - 1399.45/2018
    Save 7k in 2018 #25
    Emergency Fund - 0/1000 = 90%
    • savingwannabe
    • By savingwannabe 5th Jan 18, 4:58 PM
    • 13,382 Posts
    • 46,872 Thanks
    savingwannabe
    Hi again that is v organised. Well done. I'm one of those that ends up throwing lots of food away as I don't use it. This meal planning malarkey has many advocates. I'm not disciplined enough for it.
    Chiistmas Fund 21.00 (Dec 1st 2018)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • SuperHan
    • By SuperHan 30th Jan 18, 9:31 PM
    • 2,075 Posts
    • 1,232 Thanks
    SuperHan
    Hi!
    I'm always so envious of the people with the motivation to take lunches to work. Even if I buy the stuff, I can never be bothered the night before or the morning of. I think I just have to chalk that up as one of the expenses I am willing to incur. I am going to keep reading though in the hope I get inspired enough to kick me into action!
    • pinknsparkly
    • By pinknsparkly 30th Jan 18, 11:44 PM
    • 74 Posts
    • 230 Thanks
    pinknsparkly
    Wow, a whole years worth of expenses totalled up is impressive (even if you don't know them all 100% accurately, it's a million times better than I can do!!).

    SuperHan - if your issue is with a lack of motivation to make lunches rather than the boredom of eating the same thing several times throughout the week then I've FINALLY managed to get the two of us into pre-made lunches simply by taking leftovers from dinner. It means we have to eat the same food for dinner and then the following lunch but we don't mind. I always struggled as you've said with the motivation to make some sandwiches the night before/in the morning but our new method only requires me to cook double (or rather, bulk out the meals a bit more with some extra carbs and veggies - I don't actually add any extra meat!) and then dish up the lunch portions directly into tupperwear. Leave the food to cool while you eat dinner and then stick it in the fridge ready for tomorrow. This does mean you need access to a microwave (which we both do), but even if you don't you could maybe on a Monday make a mega batch of food pasta that could be eaten cold and portion that up for lunches for the entire week? I also keep tinned soups and a loaf of bread/bread rolls in the freezer so when all else fails, we take a soup and bread for lunch! We didn't previously have a microwave at work but all clubbed together to buy a cheapish one and it's been used non-stop ever since!!
    Plan: buy a house in summer 2018
    Realistic savings goal: 10% house deposit. DONE
    Super ambitious savings goal: 15% house deposit. Currently on 13.2% (2nd Apr)





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