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  • FIRST POST
    • slowlyfading
    • By slowlyfading 5th Dec 17, 9:10 PM
    • 12,870Posts
    • 73,894Thanks
    slowlyfading
    The "Save 12k in 2018" Thread!
    • #1
    • 5th Dec 17, 9:10 PM
    The "Save 12k in 2018" Thread! 5th Dec 17 at 9:10 PM
    So, the title is pretty self explanatory, but this is the place to be in 2018 it's that time of year, again!

    In 2018, the aim is to save £12k (or, any other amount if you like) from 1st January 2018 til 31st December 2018. I know it's early, but it gives you the time to plan for how you are going to do it.


    2012 thread:http://forums.moneysavingexpert.com/showthread.php?t=3547675
    2013 thread: http://forums.moneysavingexpert.com/showthread.php?t=4315923
    2014 thread: http://forums.moneysavingexpert.com/showthread.php?t=4844519
    2015 thread: http://forums.moneysavingexpert.com/showthread.php?t=5122817
    2016 thread: http://forums.moneysavingexpert.com/showthread.php?t=5369493
    2017 thread: http://forums.moneysavingexpert.com/showthread.php?t=5568097


    RULES:

    - This challenge starts on 1st January 2018 00:00 and finishes on 31st December 2018 23:59.
    - Everything saved MUST be done between these two dates.
    - Any interest gained during this challenge on your savings can be counted!


    Feel free to sign up but, please only sign up if you intend to go the distance - the thread tends to start off great and then people disappear

    Challenger List:
    001. slowlyfading - £10,000
    002. geoffers4 - £24,000
    003. Clare43 - £12,000
    004. george4064 - £12,000
    005. Dolly Rocker - £12,000
    006. ryath - £6,000
    007. Puddylove - £12,000
    008. bobobski - £14,000
    009. ToiletLicker - £20,000
    010. Westie983 - £12,000
    011. Lomcevak - £30,000
    012. Wanna Bee Free - £12,000
    013. tara747 - £12,000
    014. BBH123 - £10,000
    015. cathybird - £12,000
    016. fiisch - £6,000
    017. pearl123 - £1,600
    018. thewildrabbit - £12,000
    019. StarShapedPeg - £8,000
    020. CrabbitDutchie - £18,000
    021.
    022.
    023.
    024.
    025.
    026.
    027.
    028.
    029.
    030.




    CLICK HERE for the easy update form:
    https://docs.google.com/forms/d/e/1FAIpQLScO6GEcckTv1UKWIRgeRHXGddzp5OLED1jugdxOLZSq PMay0g/viewform

    CLICK HERE to see the total amounts so far:
    https://docs.google.com/spreadsheets/d/1HQ1v_cB_jreLxknL0KT-OyIM_PpmoUyI1Ucu_q565Dc/edit#gid=1
    Last edited by slowlyfading; 07-12-2017 at 10:08 PM.
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / Dec NSD - 3 / Ultimate Dream Fund - £19,661.40/£306,000
    Engaged 14/08/10 // Married 31/03/12 // DS born August 15 // Baby #2 Due Dec 17
Page 3
    • Wentthedaywell?
    • By Wentthedaywell? 11th Dec 17, 12:25 PM
    • 447 Posts
    • 2,446 Thanks
    Wentthedaywell?
    Me please Slowly! I'll try for £12,000 now I'm a pensioner!
    Save £12k in 2018 #: £10,000.
    £365 in 365 days 2017
    Save £10,000 p.a, 2013-17: 2013 £11,500, 2014 £10,000, 2015 £6,500, 2016 £14,000, 2017 £63,300
    • Niv
    • By Niv 11th Dec 17, 1:29 PM
    • 1,543 Posts
    • 1,348 Thanks
    Niv
    Thinking of signing up but before I declare a total I was wondering:


    - Would capital paid off mortgage count?
    - Would pension contributions count?


    I ask because I currently overpay my mortgage and will be upping my pension contribution next FY and therefore 'cash savings' will be lower than previous. If they don't count then I would need to take that into account before I could give a savings figure.


    Thanks.
    YNWA

    Target: Mortgage free by 58.
    • Merlin's Beard
    • By Merlin's Beard 11th Dec 17, 3:34 PM
    • 175 Posts
    • 826 Thanks
    Merlin's Beard
    Sign me up! I'll aim for £10,000, though that may go to pot if housebuying becomes a reality later in the year.
    Grocery Challenge June 17 onward; aim: £100/month; leftovers to date: £8.79
    • redsunset
    • By redsunset 11th Dec 17, 5:57 PM
    • 2 Posts
    • 3 Thanks
    redsunset
    Sign me up for £8k
    • Twiggy_34
    • By Twiggy_34 12th Dec 17, 3:25 PM
    • 642 Posts
    • 2,040 Thanks
    Twiggy_34
    Count me in again please SF. I'll raise the bar slightly and aim for £3000 this year, as I've beaten my £2500 target the last 2 years.

    Thanks
    £12k in 2017 #027 £2900/£2500
    £2 Savers Club 201 #17 TOTAL: £434 (2013-2016 = £702)
    • Wentthedaywell?
    • By Wentthedaywell? 12th Dec 17, 7:01 PM
    • 447 Posts
    • 2,446 Thanks
    Wentthedaywell?
    Thinking of signing up but before I declare a total I was wondering:


    - Would capital paid off mortgage count?
    - Would pension contributions count?
    Originally posted by Niv
    I used to count my AVC, which I took as a 100% lump sum cash when I retired, as savings but not my main pension. Personally I wouldn't count mortgage over-payments as that is paying down debt rather than adding to the savings pot.

    That's just me though; there's no right or wrong on this forum. You do whatever works for you Niv, it's all a good use of money!
    Save £12k in 2018 #: £10,000.
    £365 in 365 days 2017
    Save £10,000 p.a, 2013-17: 2013 £11,500, 2014 £10,000, 2015 £6,500, 2016 £14,000, 2017 £63,300
    • christiem94
    • By christiem94 12th Dec 17, 8:53 PM
    • 11 Posts
    • 7 Thanks
    christiem94
    Could I join in this year please? I've not done a challenge like this before so I think I'll ease myself in with a target of £6000
    • Dot Cotton
    • By Dot Cotton 13th Dec 17, 8:12 AM
    • 6 Posts
    • 18 Thanks
    Dot Cotton
    Can I also join please? My target is €12k. First ever challenge here too
    • Ruthy1604
    • By Ruthy1604 13th Dec 17, 10:41 AM
    • 525 Posts
    • 5,007 Thanks
    Ruthy1604
    Id like to join again please.
    Could I sign up for £30K
    Thanks
    10lb to lose & keep off in 2017 4.5lb/10lb
    Save 12K in 2017 Number 74 £9845/£30000
    • Ruthy1604
    • By Ruthy1604 13th Dec 17, 10:42 AM
    • 525 Posts
    • 5,007 Thanks
    Ruthy1604
    Thinking of signing up but before I declare a total I was wondering:


    - Would capital paid off mortgage count?
    - Would pension contributions count?


    I ask because I currently overpay my mortgage and will be upping my pension contribution next FY and therefore 'cash savings' will be lower than previous. If they don't count then I would need to take that into account before I could give a savings figure.


    Thanks.
    Originally posted by Niv
    I include my pension contributions as I see that as saving for my future in a tax efficient way!
    10lb to lose & keep off in 2017 4.5lb/10lb
    Save 12K in 2017 Number 74 £9845/£30000
    • bobobski
    • By bobobski 13th Dec 17, 3:16 PM
    • 676 Posts
    • 1,534 Thanks
    bobobski
    Thinking of signing up but before I declare a total I was wondering:


    - Would capital paid off mortgage count?
    - Would pension contributions count?


    I ask because I currently overpay my mortgage and will be upping my pension contribution next FY and therefore 'cash savings' will be lower than previous. If they don't count then I would need to take that into account before I could give a savings figure.


    Thanks.
    Originally posted by Niv

    I wouldn't count either personally - mine is purely money which is put into a savings account which I can relatively easily access. A pension isn't savings and neither are mortgage overpayments. However, the beauty of this challenge is that you can make it whatever you want and I'd say it's more important to be consistent with your criteria than sticking to someone else's criteria if they don't suit you.


    I think there are mortgage overpayment challenges if you're interested in those but I'm not there yet
    • garfield33
    • By garfield33 14th Dec 17, 3:16 PM
    • 198 Posts
    • 359 Thanks
    garfield33
    Sign me up again please! Target of £6k again - one day I'll get there...
    Save £12k in 2017 #039. £3413.35 / £6,000 (56.9%)
    Save £12k in 2016 #017. £2919.47 / £6,000 (48.7%)
    Save £12k in 2015 #041. £4668.15 / £6,000 (77.8%)
    • MERFE
    • By MERFE 14th Dec 17, 4:00 PM
    • 1,853 Posts
    • 5,855 Thanks
    MERFE
    Please can I sign up for this challenge. I would like to aim for £6k in 2018
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