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Saving Goal Tracker Free Spreadsheet Download

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By
Scott
Scott Nelson Profile Picture

Scott Nelson

Managing Director

MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.

Learn more about Scott
&
Janine
Janine Marsh Profile Picture

Janine Marsh

Financial Expert

Janine Marsh is an award-winning presenter and a valuable member of the MoneyNerd team. With a wealth of experience as a financial expert, she's been featured on BBC Radio 4, BBC Local Radio, and BBC Five Live, and is a regular on Co-op Radio.

Learn more about Janine
· Feb 6th, 2024
Could you legally write off some debt? Answer below to get started.

Total amount of debt?

For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.

For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.

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Saving Goal Tracker

For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.

Have you been looking for a way to track your savings? Is managing your money and debt a struggle? You’re in the right place. 

Every month, more than 170,000 people visit our website looking for guidance on money matters just like this. You are not alone. 

In this article, we’ll show you:

  •  The average savings a person has
  •  How to get rid of some debt
  •  Why saving money is important
  •  How much of your income you should save
  •  Ways that can help you save more

We understand it can be tough dealing with debt and trying to save at the same time. That’s why we have a free savings goal tracker spreadsheet to help. 

Some of our team members have also faced money struggles. We know how hard it can be, and we’re here to help you make sense of it all. 

Could you legally write off some debt?

There are several debt solutions in the UK, choosing the right one for you could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out.

Answer below to get started.

How much debt do you have?

This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

How Much Does the Average Person Have Saved?

How much people have saved typically differs by age, increasing as they get older. Younger people typically have £2,500-£3,500 saved on average, which increases to around £10,000 for people in their 40s and 50s after they have got a mortgage. The average person closing in on retirement has around £20,000 saved. 

Average saving figures should be taken with a pinch of salt, especially after the pandemic. The events of the pandemic have polarised people’s ability to save even more. Those who were made unemployed have used their savings to keep going, while those who could work from home have been saving more than normal with less social occasions to attend. 

Why Is It Important to Save?

There are so many reasons why saving money is important throughout life. In our younger years, savings are usually required to keep up with the cost of living as we progress in early-career jobs or as a student. Then we may need to save to buy a property and give ourselves protection in case of financial emergencies. In our later life, saving is all about preparing for retirement – or running the bank of mum and dad. 

There are always reasons to save at any time of life. 

How a debt solution could help

Some debt solutions can:

  1. Stop nasty calls from creditors
  2. Freeze interest and charges
  3. Reduce your monthly payments

A few debt solutions can even result in writing off some of your debt.

Here’s an example:


Situation

Monthly income £2,504
Monthly expenses £2,345
Total debt £32,049

Monthly debt repayments

Before £587
After £158

£429 reduction in monthly payments

If you want to learn what debt solutions are available to you, click the button below to get started.

Get Started

How Much of Your Income Should You Save?

Depending on who you ask, you should save anywhere between 10-25% of your net income. This will help you prepare for any of life’s milestones. But it will also serve you well if you have a financial emergency and help you prevent getting into debt. 

What Resources Will Help Me Save More?

Anyone who has tried to save continually knows how difficult it is. One of the problems when trying to save is that you lose focus and make lots of smaller purchases that soon add up. Another problem is the lack of tracking. 

There is one resource that can help with that – a savings goal tracker. This is a resource that tracks how much you save for different goals throughout the year. 

A saving goals tracker can help you track your savings each month. This isn’t just administration. By recording your savings grow over many months, it increases motivation to keep saving more. A saving tracker is more than just a spreadsheet and an account of what you’ve done; it’s the extra spark you need to keep going and hit your long-term savings goals.  

Thousands have already tackled their debt

Every day our partners, The Debt Advice Service, help people find out whether they can lower their repayments and finally tackle or write off some of their debt.

Natasha

I’d recommend this firm to anyone struggling with debt – my mind has been put to rest, all is getting sorted.

Get started

Reviews shown are for The Debt Advice Service.

How Our Saving Tracker Spreadsheet Can Help You

If a savings tracker sounds like the perfect way to stay on track with your savings goals, whether it be a new car, a holiday, a house deposit or something else, we can help.

MoneyNerd is offering a 100% free savings goal tracker to download. Created by savings gurus, this tracker is perfect for anyone who wants to save better and quicker. 

Could you legally write off some debt?

Answer below to get started.

How much debt do you have?

This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

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The authors
Scott Nelson Profile Picture
Author
MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.
Janine Marsh Profile Picture
Debt Expert
Janine Marsh is an award-winning presenter and a valuable member of the MoneyNerd team. With a wealth of experience as a financial expert, she's been featured on BBC Radio 4, BBC Local Radio, and BBC Five Live, and is a regular on Co-op Radio.