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    • bsms1147
    • By bsms1147 13th May 19, 9:26 PM
    • 1,972 Posts
    • 3,540 Thanks
    bsms1147
    Didn’t have as good a month as the three that came before it unfortunately, but thats how these things go. Car needed a new alternator and battery (not surprised, found out the battery was the car’s original one, making it 12 years old!)

    Well done everyone, fantastic work and good to keep up with everyone’s progress.
    • Suffolk lass
    • By Suffolk lass 14th May 19, 6:54 AM
    • 2,801 Posts
    • 26,849 Thanks
    Suffolk lass
    Smegasaurus - I have three regular savers running this year but I am not counting them - that is because they are moving the deck-chairs accounts rather than savings from income. I think I will stick with my measurement for the present - I may count the interest the accounts generate, but that won't be until Feb 20 so in next year's target.
    MFIT T5 target to clear our mortgage completely (£59,998) Q1 £26,828 or 44.71% paid - Mortgage Free Wannabes 2019 #37 £27,995.65 after Apr
    Save £12k in 2019 - #68 target is £7k £4,378.57 or 63.55% after April
    OS Grocery Challenge 2019 target is £3k - 27.62% spent so far, after April
    My DFD is here
    • Retired Minky
    • By Retired Minky 15th May 19, 6:06 AM
    • 77 Posts
    • 144 Thanks
    Retired Minky
    Was talking to someone about this yesterday and what they said blew me away.

    I have a colleague that has £100k cash sat in a savings account but didnít consider themselves rich.

    Another person in the conversation said theyíd never had more than £1k savings in their entire life.

    It really made me think.
    • Wentthedaywell?
    • By Wentthedaywell? 15th May 19, 7:22 AM
    • 518 Posts
    • 2,918 Thanks
    Wentthedaywell?
    Was talking to someone about this yesterday and what they said blew me away.

    I have a colleague that has £100k cash sat in a savings account but didnít consider themselves rich.

    Another person in the conversation said theyíd never had more than £1k savings in their entire life.

    It really made me think.
    Originally posted by Retired Minky
    It's interesting what we each consider struggling > coping > comfortable > well off > rich to be and it varies widely from person to person.

    I think well off for me would be no mortgage, the same amount of money in cash/shares as one's house is worth (a tougher ask in the south of England) and a defined benefit pension. Rich would be multiple million in the bank.

    By my definition, I suppose I am comfortable. Mortgage free, with a pension and part time job and with about half the value my house saved.

    I am in my 60s though, I wouldn't have had this when I was younger. Definitely struggling/coping at times then!
    Save £15k in 2019 # 4 April £9,000 (60%)
    • webjaved
    • By webjaved 15th May 19, 9:22 AM
    • 151 Posts
    • 186 Thanks
    webjaved
    I really need to make sure I get my savings in for the month on time - haha!

    For the month of April I've saved £1,277.12‬ meaning an overall total of £7,536.91

    Keep the momentum of saving going people! High 5 to all to all those that are keeping up.
    Last edited by webjaved; 15-05-2019 at 4:04 PM.
    Save £12k in 2019 #154 - £7,536.91/£12k
    • geoffers4
    • By geoffers4 15th May 19, 7:08 PM
    • 153 Posts
    • 1,008 Thanks
    geoffers4
    It's interesting what we each consider struggling > coping > comfortable > well off > rich to be and it varies widely from person to person.
    Originally posted by Wentthedaywell?
    I wonder if "rich" equates to "has a lot more money than me"?!

    100K would seem like riches to many people, but if that person is approaching retirement without any/much pension provision then maybe not...
    No. 2 in Save 12k in 2017-2018-2019
    No.22 in Save 12k in 2016
    No.30 in Save 12k in 2015
    No. 6 in Save 12k in 2014
    No.193(!) in Save 12k in 2013
    • alja
    • By alja 16th May 19, 2:39 PM
    • 806 Posts
    • 8,091 Thanks
    alja
    Sent in my update the other day. I haven’t saved anything this month either, but it has been a very expensive month. Hoping this month will be better money wise but after this month I’m not sure what will happen, as I’ve been told this week that I’m being made redundant!

    Thankfully I have savings and I’m hopeful that it won’t take me long to find a similar role, but yes, not the best news. Need to make a plan to be extra careful with my money this month!
    Save £6k in 2019 - £1248/£6k #83
    • webjaved
    • By webjaved 17th May 19, 7:53 AM
    • 151 Posts
    • 186 Thanks
    webjaved
    Sent in my update the other day. I havenít saved anything this month either, but it has been a very expensive month. Hoping this month will be better money wise but after this month Iím not sure what will happen, as Iíve been told this week that Iím being made redundant!

    Thankfully I have savings and Iím hopeful that it wonít take me long to find a similar role, but yes, not the best news. Need to make a plan to be extra careful with my money this month!
    Originally posted by alja
    Not a situation anyone would want to be in, good luck in finding another job.
    Save £12k in 2019 #154 - £7,536.91/£12k
    • alja
    • By alja 18th May 19, 8:52 AM
    • 806 Posts
    • 8,091 Thanks
    alja
    Not a situation anyone would want to be in, good luck in finding another job.
    Originally posted by webjaved
    Thank you!
    Save £6k in 2019 - £1248/£6k #83
    • george4064
    • By george4064 18th May 19, 11:33 AM
    • 1,147 Posts
    • 1,178 Thanks
    george4064
    Sent in my update the other day. I haven’t saved anything this month either, but it has been a very expensive month. Hoping this month will be better money wise but after this month I’m not sure what will happen, as I’ve been told this week that I’m being made redundant!

    Thankfully I have savings and I’m hopeful that it won’t take me long to find a similar role, but yes, not the best news. Need to make a plan to be extra careful with my money this month!
    Originally posted by alja
    Sorry to hear, I know it may be hard but try to stay positive and think of this 'forced change' as an opportunity because you may end up in a better job than what you are in currently! Whether that be better working hours, location of your work, better commute, try something new, better colleagues etc... You see, sooo many opportunities!
    "If you arenít willing to own a stock for ten years, donít even think about owning it for ten minutesĒ Warren Buffett

    Save £12k in 2017 - #003 £12,427.51 (104%)
    Save £12k in 2018 - #004 £9,165.94 (46%)
    Save £12k in 2019 - #007 £8,654.09 (72%)
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