What are your financial goals for 2020?

[Ifimnottheone]

Mine are as follows -

1. Start putting money aside in a pension. I am mid thirties and have NO pension

1. Start putting a little money away in a rainy day find.

1. Budget yearly, rather than monthly, so big expenses can be easily paid for.

To try to prevent my teenage kids from draining us of every penny of savings we have !!

As of January I am putting some savings away in a stocks and shares ISA. I paid off my loan this month which means I can finally start saving. (Which typically coincides with my car being very close to death, but we can car share for a while.)

DP has recently started a company and I am hoping to buy in to it at the end of the year.

Both of the above are to supplement the pension funds and to make up for the likely lack of state pension by the time I get there. And hopefully allow us both to retire early as I can't imagine working until I'm late 60s.

I'm mid 30s too. Luckily I have some decent pension pots already. But not on the property ladder, a below average salary for the region.

I fairly recently switched to Starling bank and it has really helped me to manage my finances more effectively with the tools they offer in the banking app. Beats the high street banks hands down.

Retiring in 3 months and the pension lumpsum will go towards a deposit for my daughter's apartment.I have promised her 50% of the value of the property upto 250k.
I have paid off my mortgage and will cut my expenses right down.

I'm a lot older than you OP but

(a) clear all unsecured debt
(b) clear all secured debt
(c) throw all of those amounts into savings / pensions (depending on tax status)
(d) clear mortgage debt
(e) pile all available funds into 60:40 pensions and ISAs --as you can pull money back out of ISAs

BUT
Take advice as different work status massively impacts on the mix

Get our savings back up to a healthy amount
Start overpaying the mortgage
Cut down unnecessary spending/clothes shopping

Over pay my loan that I got to buy my car a bit. Have 2 years left but would be good to pay off as much as possible for when we remortgage in April 2021.

Rebuild some of my savings after maternity leave and cut in hours. Realistically I will be happy not to dip into them every month to top up salary (usually only 50 to 100 but it adds up!) If saving is too tight.

A few years ago I used to put all my and dh silver coins at the end of the day into a piggy bank plus any off coins above 5p I found around the house. One year we had 100 in there by the end of it so I'm going to try and do that again so we can dip into it for take away or odds and ends instead of using bank account.

Save enough so that when I buy my husband out of the house and increase my mortgage I still have some semblance of savings.

Live to a budget
Stop buying unnecessary shit
Get a job
Have a holiday or two this year

Complete savings target for home deposit.
Keep paying into personal pension.
Track outgoings monthly and cut down on silly spending. I just deleted Deliveroo and UberEats apps
Top up ISA so once home deposit is used I still have a safety net.

This is the year that I will finally pay off my student loan. I'm really looking forward to that.

To build my savings pot back up after undertaking various home improvements this year

Save to the point where we have a 6 month living expenses cushion, about £10,000 and then overpay the mortgage.

I actually want to borrow loads to get the kitchen done and go on a really nice family holiday.

Really basic but I've bought a self counting money jar. I put all my change in and it came to £31 yesterday and it's only slightly filled. I'm going to fill that up this year by Aug which will pay for camping and fill up in time for Xmas for our Xmas food shop.

Other than that we are quite good at saving and budgeting already.

Pay £230 towards my cc debt every month (can’t clear it unfortunately but the £230 payment will clear it before the 0% ends)

Put money aside every month for Christmas.

Overpay more on the mortgage. I want it paid off before I’m 50.

Save more into my pension.

Last January I made a resolution to get no new debt, which I kept! This January it is to:

1. Save £300 a month to spend on future big purchases rather than getting more debt
2. Snowball my existing debt repayments so I can clear them a lot faster. Never done this before but I just worked it out and it's actually very exciting!

Start overpaying the mortgage by £350 per month from April after I’ve finished paying a debt in March
Save another £10000 by December
Stick to personal budget of £500 per month

(It feels more concrete typing that out)

To have saved 10k by August
Open a pension
Not buy clothes or make up unless absolutely necessary
Stop buy lunches out and make them at home instead

We did our annual financial review yesterday and are cancelling one of our holidays this year because we decided our pace of travel is compromising our financial health. This past year we burned through our disposable income each month instead of saving like we normally do, and it makes us feel poorer than we are. We went a bit nuts because we finished a very long/stressful/expensive house build and wanted to celebrate, but we overspent on holidays (6 big international trips between April and January ), and beyond not saving we have actually been draining our already-depleted savings. We don’t worry about bills or anything and our pension contributions are still healthy—we are not living on credit—but DH is a high earner and with his salary we should definitely have buffer and more savings. The fact we feel stressed about finances tells me we have been spending beyond our means. Kicking this all off with an attempt at a no-spend January.

This year we are deciding to focus on paying back some money we still owe to MIL for the house build and building our emergency fund back up to where is was pre-build. We are also going to sort out our investment strategy which needs a bit of an overhaul.

1. Finish purchase of second home

2. Start overpaying student loan

3. Start a saving's account for DC's future (they're not due until March)

4. Get a promotion to increase income

5. Make DH stick to budgets

We’re not going away on holiday Feb HT or Easter due to GCSEs. Instead we have house repairs that we’ve been putting off and work to do in the garden too. Quotes are coming in excess of our budget so the garden will have to wait longer.

Both the companies that we work for - profits are down so there won’t be any pay rises let alone any bonuses. I suspect that there will be a jobs cull so we have to deal with potential rounds of redundancies - a rather grim start to 2020.

I want to start making big mortgage overpayments instead of bits and bobs.

We have got to put money aside for the yearly bills like mot and car tax.

Want to save £20 a week for xmas which means hopefully buying less crap/junk food in order to save it.

Keep to a strict food budget.