I've never had that much money saved up
I was well proud of myself when I had £1200 saved up after a year, but as soon as I was allowed to touch it I used it all to pay off my credit card bill. By May of this year I'd managed to save £300, which I then had to dump on my rental flat when my tenant moved out. Grrr. Stupid things costing money.
( Kitty v1.0 desperately naive, Mon 26 Jul 2010, 11:30, 2 replies, latest was 15 years ago)

Saving up £1200 while you have a £1200 credit card bill isn't really saving

(PsychoChomp, Mon 26 Jul 2010, 11:32, Reply)

Indeed
that's just paying off your debt.

On a similar note I do have 10k worth of student debt which kind of undermines my plan of 12k in 5 years...
( whenanimalsattackhumans clad in global hypercolour, Mon 26 Jul 2010, 11:34, Reply)

student debt doesn't count

(PsychoChomp, Mon 26 Jul 2010, 11:35, Reply)

I've paid off over half of my student debt
I was pleasantly surprised by this, should have the rest cleared in 4 or 5 years.
( Labia Majora You keep on talking but it makes no sense at all, Mon 26 Jul 2010, 11:36, Reply)

I don't have any student debt, mostly because I've never been a higher-education student.

( G/PP 💩💩💩💩💩&#128, Mon 26 Jul 2010, 11:38, Reply)

I know that now
but I was young and naive at the time.
( Kitty v1.0 desperately naive, Mon 26 Jul 2010, 11:46, Reply)

Yes
I'm actually thinking of setting up some kind of direct money transfer type thing from my current account to savings account. I wouldn't miss £200 a month that badly and within 5 years I'd have more than 12k :D

Well that's the plan anyway...
( whenanimalsattackhumans clad in global hypercolour, Mon 26 Jul 2010, 11:32, Reply)