Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • slowlyfading
    • By slowlyfading 4th Dec 16, 8:57 PM
    • 12,857Posts
    • 73,787Thanks
    slowlyfading
    The "Save 12k in 2017" Thread!
    • #1
    • 4th Dec 16, 8:57 PM
    The "Save 12k in 2017" Thread! 4th Dec 16 at 8:57 PM
    So, the title is pretty self explanatory, but this is the place to be in 2017

    In 2017, the aim is to save £12k (or, any other amount if you like!) from 1st January 2017 til 31st December 2017. I know it's early, but it gives you the time to plan for how you are going to do it!




    RULES:

    - This challenge starts on 1st January 2017 00:00 and finishes on 31st December 2017 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 - £12,000
    002. geoffers4 - £25,000
    003. george4064 - £12,000
    004. joey_93 - £12,000
    005. Zippeh - £12,000
    006. Lolly88 - £12,000
    007. swimminginaseaofdebt - £2,017
    008. JMR14 - £14,000
    009. darkidoe - £15,000
    010. Duckyduck - £12,000
    011. allie23 - £12,000
    012. Wentthedaywell? - £10,000
    013. Sebrof89 - £8,000
    014. micron - £12,000
    015. Westie983 - £12,000
    016. TrustyOven - £10,000
    017. mummytummy - £12,000
    018. bobobski - £12,000
    019. coolcats - £7,000
    020. Jazee - £12,000
    021. jessy-eve - £3,500
    022. emincosi - £15,000
    023. Kreacher - £6,000
    024. ToiletLicker - £12,000
    025. Mogley - £5,000
    026. BBH123 - £5,000
    027. Twiggy_34 - £2,500
    028. Karen's girl - £7,000
    029. Hantsman - £18,000
    030. PoorGuyNextDoor - £12,000
    031. Kahra - £18,000
    032. laura84gr - £12,000
    033. ryath - £6,000
    034. Dird - £25,000
    035. Bored - £12,000
    036. nat21luv - £12,000
    037. letiss7 - £12,000
    038. cathybird - £12,000
    039. garfield33 - £6,000
    040. qwertysaver1 - £9,000
    041. nikki2804 - £3,000
    042. Esufce - £14,000
    043. gchh86 - £8,000
    044. Wanna Bee Free - £7,500
    045. boglehead - £120,000
    046. CrabbitDutchie - £12,000
    047. CouponClipper - £7,000
    048. rjrs0510 - £50,000
    049. Rishified - £8,000
    050. lilyflower7 - £7,000
    051. s1ipmatt - £2,500
    052. hermionesaver - £5,000
    053. 5t3ve - £6,000
    054. kirtsybum - £10,000
    055. lisa110rry - £12,000
    056. jacci45 - £12,000
    057. Puddylove - £9,000
    058. copperjar - £6,000
    059. e4rly - £5,000
    060. RichyRich - £12,000
    061. Sakon1 - £6,500
    062. ada-or-ardor - £6,000
    063. Londinuim33 - £48,000
    064. Suffolk lass - £11,000
    065. Allotrope - £4,500
    066. Buffythedebtslayer - £5,000
    067. Domayne - £10,000
    068. Gem-gem - £6,000
    069. Lomcevak - £24,000
    070. Psychobabble78 - £12,000
    071. Fruittea - £12,000
    072. giggleyay - £7,000
    073. kitjos - £8,000
    074. Ruthy1604 - £30,000
    075. kittenkicks - £15,000
    076. Sabrinasway - £10,000
    077. pineconesjay - £17,000
    078. enomis - £15,000
    079. ambitiouspanda - £18,000
    080. Gillbrah - £5,000
    081. black taxi - £10,000
    082. kev2009 - £6,000
    083. cydney65 - £5,000
    084. groovy_chick - £12,000
    085. TwentySomethingGirl - £15,000
    086. monz - £7,500
    087. Pennypenny - £12,000
    088. Wilkos - £10,000
    089. Clare43 - £12,000
    090. _Amaryllis_ - £15,000
    091. freezspirit - £4,000
    092. silvasnow - £12,000
    093. TallGirl - £12,000
    094. Frugaliza - £6,000
    095. try harder - £12,000
    096. snozberry 0 £6,000
    097. shiningfaery - £2,000
    098. zzzt - £6,000
    099. Rhys37429 - £4,000
    100. Hutchch0920 - £12,000
    101. MissLisaxo - £12,000
    102. LA.Nyx - £10,000
    103. JamesLHarris - £5,000
    104. SpekySquarehead - £4,500
    105. lashie - £3,500
    106. Caravan of Love - £15,000
    107. mrskingandthescarecrow - £12,000
    108. Rosie D - £8,000
    109. LabRatty - £25,000
    110. dark.knight - £10,000
    111. kingrulzuk - £12,000
    112. calltheshots - £5,000
    113. ZoeGold - £10,000
    114. rupzy1 - £12,000
    115. rutterc85 - £25,000
    116. poohbear59 - £5,000
    117. Saver-upper - £5,000
    118. EC12345 - £5,000
    119. Tiggy59 - £10,000
    120. YummyMummy20 - £8,000
    121. sonas_baby - £5,000
    122. xmillyx - £15,000
    123. HornetSaver - £10,000
    124. Okitr - £4,000
    125. Sassysaver7 - £4,500
    126. Queenofcolouringandtea - £12,000
    127. Poppy2008 - £10,000
    128. missy83 - £15,000
    129. Cottage Economy - £4,000
    130. fire-wannabe - £1,000
    131. OxfordGirl - £10,000
    132. Save Dosh - £5,000
    133. imajica37 - £6,000
    134. AnieKitten - £12,000
    135. Charlene84 - £12,000
    136. FrankieM - £12,000
    137. Tom86 - £10,000
    138. StarShapedPeg - £10,000
    139. Sunnybee - £42,000
    140. Determined diva - £2,000
    141. hugger - £4,000
    142. 1393jason - £5,000
    143. Carrie85 - £10,000
    144. zafiro1984 - £2,500
    145. jackie_w - £2,017
    146. MrsPorridge - £12,000
    147. FlacosFloozie - £9,000
    148. tara747 - £12,000
    149. Watty1 - £12,000
    150. Wobblydeb - £20,000
    151. frugal90 - £36,000
    152. Bonfire Bride - £8,000
    153. bsms1147 - £15,000
    154. Garfield1987 - £12,000
    155. pearl123 - £1,500
    156. mattdeeks - £15,000
    157. Jo Blogs - £5,000
    158. laurababs - £5,000
    159. TwentySomethingGirl - £15,000
    160. Fruittea - £12,000
    161. GilmoreGirl - £5,000
    162. Xenon - £12,000
    163. Gempie - £6,000
    164. Starzy - £6,000
    165. MissMarble - £12,000


    CLICK HERE for the easy update form:
    https://docs.google.com/forms/d/e/1FAIpQLScxZ9aJl2FtChf6FpAt-XYLSKpltXBE8CkTzQkX3Ffs9FWyWw/viewform


    CLICK HERE to see the total amounts so far:
    https://docs.google.com/spreadsheets/d/1xEfqfOSczCyEjqf8DQELOVdvEUnFN5LplxnZiGI-KZo/edit?usp=sharing
    Last edited by slowlyfading; 18-01-2017 at 9:18 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 / Sept NSD - 17 / Ultimate Dream Fund - £18,522.47/£306,000
    Engaged 14/08/10 // Married 31/03/12 // DS born August 15 // Baby #2 Due Dec 17
Page 27
    • Twiggy_34
    • By Twiggy_34 4th Mar 17, 3:27 PM
    • 634 Posts
    • 2,017 Thanks
    Twiggy_34
    Do you guys track all saving in this challenge?

    I know it's kind of a personal choice thing but I'm not sure what to do about my Rainy Day Funds.

    What do you lovely lot do?
    Originally posted by giggleyay
    Hi ya, I have a RDF as well but don't count it (even though it's built up to in excess of £3k over the last few years and I've saved more than I've spent). I'm building it up with a view to upgrading my car once it gets to a big enough figure and I work out what I want, but it's also there for unexpected expenses and hopefully a nice holiday or two, whereas the long term savings will (hopefully) continue to go up indefinitely with a view to using it for something more significant such as our next house move, sometime in the next decade.

    There are no hard and fast rules regarding how long, long-term savings are for this thread. If you're confident that you won't be spending out of your RDF this year, then count it. If there's a chance you will be spending out of it then I would say don't count it, otherwise there's the possibility of having to post a negative figure, especially if the expense is a big one.
    £12k in 2017 #027 £2400/£2500
    £2 Savers Club 201 #17 TOTAL: £308 (2013-2016 = £702)
    New (lower interest) mortgage commenced 1.3.2016 with unlimited overpayment allowance.
    Overpayments commenced 1.1.2017 (just £40 extra each month, but better than nothing!).
    • kev2009
    • By kev2009 4th Mar 17, 4:42 PM
    • 162 Posts
    • 248 Thanks
    kev2009
    Hi all,

    #082 declaring £500 for Feb, apologies for the delay!

    Form submitted also.

    Thanks!

    Kev
    • kev2009
    • By kev2009 4th Mar 17, 4:48 PM
    • 162 Posts
    • 248 Thanks
    kev2009
    I only count money I pay into that specific savings account. I don't count interested earned on any accounts, I purely take it from money I can save from my wages.

    My personal view is if you have a large isa and your getting i dunno 3k in interest, to me that isn't money "your" saving, it's money you have made by leaving money in an account but i know everyone looks at it differently so its basically your personal choice, for me i wanted to do this from what i can save for my wages no a combination of savings, interest, dividends etc.

    Kev
    • darkidoe
    • By darkidoe 4th Mar 17, 6:01 PM
    • 862 Posts
    • 974 Thanks
    darkidoe
    Reporting for the month of February: £1427.33. Hopefully things will look up for the rest of the year... Loads of unexpected work related expenses that would hopefully provide a return in the future. I have claimed tax relief for work related expenses for this tax year so hopefully I will get a refund next pay day.

    Trying out Matched Betting in my free time to try boost that savings pot!! Wish me luck!

    Save 12K in 2017 # 9 £7 616.65/15 000 (50.78%)
    Save 12K in 2016 # 8 £19 721.58/12 000 (164.35%) Achieved!
    • slowlyfading
    • By slowlyfading 4th Mar 17, 7:24 PM
    • 12,857 Posts
    • 73,787 Thanks
    slowlyfading
    Spreadsheet updated
    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 / Sept NSD - 17 / Ultimate Dream Fund - £18,522.47/£306,000
    Engaged 14/08/10 // Married 31/03/12 // DS born August 15 // Baby #2 Due Dec 17
    • 5t3ve
    • By 5t3ve 4th Mar 17, 10:57 PM
    • 48 Posts
    • 64 Thanks
    5t3ve
    (Slowlyfading I've updated the easy update form with the below)

    Reporting in for Februarys savings progress. First 2 months have been good - I'm on progress to break my target!

    £600 - Personal Stocks and Shares ISA
    £100 - Junior Stocks and Shares ISA (for my baby daughter)
    £12.91 - February interest gained from TSB and Nationwide high interest current accounts (transferred to S&S ISA)
    £125 - Sharesave Scheme

    Total - £837.91 / 2017 Running Total - £1682.14
    • bobobski
    • By bobobski 6th Mar 17, 7:06 AM
    • 643 Posts
    • 1,472 Thanks
    bobobski
    I'm curious about people whose savings are in round numbers. I save everything I don't spend, so my numbers are very rarely whole numbers. For those whose numbers are neater than mine, is it because you throw whole numbers into your savings and leave the messy numbers in your current account as a float?
    #18: Save 12k in 2017: £7,620.13 / £12,000 (63.5%) | #86: Save £12k in 2016: £8,476.09 / £10,000 (84.76%)
    House deposit by 31/12/2020: £18,139.42 / £60,000 (30.2%) | Emergency fund by 31/12/2020: £1,223.13 / £5,000 (24.4%)
    • mummytummy
    • By mummytummy 6th Mar 17, 10:48 AM
    • 695 Posts
    • 3,442 Thanks
    mummytummy
    I do have odd bits on my savings but tend to leave them and only declare the whole number, I think I had an additional 65p for feb but carried it forward to march if that makes sense
    Sealed Pot Challenge No.10 (2017) #11 ( from Sue-UU = 20) Save 12K in 2017 #17 MFiT-T4 #62 (51.64% saved) 50p Savers 2017 #2 £42 5p Savers 2017 #2 £12.00
    • cathybird
    • By cathybird 6th Mar 17, 3:30 PM
    • 2,672 Posts
    • 9,119 Thanks
    cathybird
    hi all, no. 38 declaring £1,412.63 for February, bringing my yearly total so far to £2,937.92.
    Last edited by cathybird; 07-03-2017 at 10:26 AM.
    No. 38 in Save 12K in 2017. £11,183.81/£12,000
    Save 12K in 2016: £20,880.11/£15,000
    Save 12K in 2015: £25,464.86/£10,000
    Sep AFDs: 25/21 2017 AFDs: 221/252
    • Wanna Bee Free
    • By Wanna Bee Free 6th Mar 17, 8:13 PM
    • 1,071 Posts
    • 9,964 Thanks
    Wanna Bee Free
    Number 44 checking in with another £625 in Feb towards my target of £7500.
    Sharesave £250
    Savings £375
    I must stop dipping and then repaying - £92 this month so will try to do better in March.
    Lots of great numbers coming in - well done everyone!
    • Wentthedaywell?
    • By Wentthedaywell? 6th Mar 17, 10:15 PM
    • 438 Posts
    • 2,391 Thanks
    Wentthedaywell?
    I'm curious about people whose savings are in round numbers. I save everything I don't spend, so my numbers are very rarely whole numbers. For those whose numbers are neater than mine, is it because you throw whole numbers into your savings and leave the messy numbers in your current account as a float?
    Originally posted by bobobski
    I pay my savings, 1/12th of my target, as soon as I get paid. Most of mine in currently going straight into an extra pension that I will take as a cash sum in September when I retire, and so I never even see it. So it is always a "neat" number. There are some months when I've got a bit extra left over or a little windfall, so that gets rolled up into the next month's.

    I don't count money in my current account, so that's where all the raggy ends of money are!
    Save £13k in 2017 #12: £10,000. Jan-July £3250
    £365 in 365 days 2017 #2
    Save £10,000 p.a, 2013-17: 2013 £11,500, 2014 £10,000, 2015 £6,500, 2016 £14,000
    • emincosi
    • By emincosi 7th Mar 17, 1:02 PM
    • 18 Posts
    • 123 Thanks
    emincosi
    Well well well, I'll have to up my game. I've basically put together a budget and I'll be aiming to save 40% of my take-home pay. Jan-Feb have been a bit s*** from my side, but hopefully, March onwards should see me picking up my savings rate!
    Saving £15k in 2017: £1400/15000

    Net Worth (Assets - Liabilities): £45244.36/85000 (by Sept 2018)
    Of which savings: £12569.49/38069.73 (by Sept 2018)
    • Suffolk lass
    • By Suffolk lass 7th Mar 17, 6:43 PM
    • 1,477 Posts
    • 16,899 Thanks
    Suffolk lass
    I pay my savings, 1/12th of my target, as soon as I get paid. Most of mine in currently going straight into an extra pension that I will take as a cash sum in September when I retire, and so I never even see it. So it is always a "neat" number. There are some months when I've got a bit extra left over or a little windfall, so that gets rolled up into the next month's.

    I don't count money in my current account, so that's where all the raggy ends of money are!
    Originally posted by Wentthedaywell?
    Ooh no, I couldn't cope with all those raggedy bits now I've been tidying for a few months, and it really has made a difference to the amount I am stashing
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8112.39 saved (73.74%) after August - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 61.61/66.66% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 7th Mar 17, 8:17 PM
    • 587 Posts
    • 3,165 Thanks
    swimminginaseaofdebt
    Evening everyone,

    Just popping in to say you are all doing amazing folks! I've only managed to save just over £70 this year but my focus is on paying my debt and I've knocked nearly a grand off since the beginning of the year so I am pleased with my progress on that side.

    Look forward to saving the big bucks along with you when I'm debt free
    Pay all debt off by Christmas 2017 #150 - £1868.05/£3729.05
    ,
    SPC10 #564
    • Jo Blogs
    • By Jo Blogs 7th Mar 17, 10:09 PM
    • 751 Posts
    • 2,593 Thanks
    Jo Blogs
    Evening everyone,

    ............. but my focus is on paying my debt and I've knocked nearly a grand off since the beginning of the year so I am pleased with my progress on that side.

    Look forward to saving the big bucks along with you when I'm debt free
    Originally posted by swimminginaseaofdebt
    Well done - keep up the great effort everyone, some great saving
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44 for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 Sept NSDs 4/15CCCChl 9/12 months
    Sept PPChl#002 Pts 71
    • kitjos
    • By kitjos 12th Mar 17, 12:30 PM
    • 181 Posts
    • 1,043 Thanks
    kitjos
    Hello all, hope your March month is going well and you're saving load of pennies

    This thread was 4 pages back so wanted to post and check in with you all - great motivation on here!

    Im not doing to bad this month, managed to save £1200 so far and hopefully another £600 to go till end of March update . Husband got promotion at work so annual salary gone up another 6k. Awesome news for us! I hope to blow my 8k target on here by summer .

    Ill check in at end of month for main total - keep pushing hard everyone xxx
    "Don't underestimate the value of financial security"

    (#73) Joint savings account = £8,500 / £10,000
    • CrabbitDutchie
    • By CrabbitDutchie 12th Mar 17, 2:02 PM
    • 29 Posts
    • 166 Thanks
    CrabbitDutchie
    How do people tend to deal with bonuses or pay raises?

    I've found myself in the slightly odd position where I've recently been promoted and have just been told I'll also be receiving a completely unexpected bonus (£590 after tax) which will hit my account at the same time as the pay increase.

    So I'm now trying to work out how to best deal with the unexpected extra before it hits my bank account and I make silly decisions.

    Any advice (apart from save all of it )?
    Save 12K in 2017 #46 - £9,116/£12,000 (75.97%)
    Save 12K in 2016 #184 - £4,608/£4500 (102.4%)
    • pennystretcher
    • By pennystretcher 12th Mar 17, 2:51 PM
    • 294 Posts
    • 1,314 Thanks
    pennystretcher
    Round robin with savings and keep the money saved in the best paying account you can get. I am still paying off my mortgage, but as I can get more interest in regular savings etc and waiting, waiting and waiting and paying the gained interest in my mortgage account financially it makes sense...

    You have a target. Make a small grid on paper where you colour in the blocks of your savings target and stick it on your fridge door. And remember to make your saved money to work the hardest you can, whether it is regular savings, ISAs etc. I have received some bonuses during my lifetime, usually just absorbing the bonus and spending it or paying off debts. After ten years I actually went and spent a small bonus I got from a project on something I liked and in a 50% off sale was a total bargain. After that I had my LBM, my retirement is more important than splurging on something one off. But if you feel like spoiling yourself, set yourself a limit of 5%, 10% or something like that of the bonus and save the rest. You will not regret it later, I promise.
    Last edited by pennystretcher; 12-03-2017 at 4:04 PM.
    MFW September 2017 £590 (almost there!!!)
    • Twiggy_34
    • By Twiggy_34 12th Mar 17, 3:30 PM
    • 634 Posts
    • 2,017 Thanks
    Twiggy_34
    How do people tend to deal with bonuses or pay raises?

    I've found myself in the slightly odd position where I've recently been promoted and have just been told I'll also be receiving a completely unexpected bonus (£590 after tax) which will hit my account at the same time as the pay increase.

    So I'm now trying to work out how to best deal with the unexpected extra before it hits my bank account and I make silly decisions.

    Any advice (apart from save all of it )?
    Originally posted by CrabbitDutchie
    I have had the occasional unexpected 'windfall' since joining these threads. I usually split the money, some into long term savings, some into my rainy day fund but hold a little back to treat myself to something frivolous.
    £12k in 2017 #027 £2400/£2500
    £2 Savers Club 201 #17 TOTAL: £308 (2013-2016 = £702)
    New (lower interest) mortgage commenced 1.3.2016 with unlimited overpayment allowance.
    Overpayments commenced 1.1.2017 (just £40 extra each month, but better than nothing!).
    • kitjos
    • By kitjos 12th Mar 17, 5:10 PM
    • 181 Posts
    • 1,043 Thanks
    kitjos
    How do people tend to deal with bonuses or pay raises?

    I've found myself in the slightly odd position where I've recently been promoted and have just been told I'll also be receiving a completely unexpected bonus (£590 after tax) which will hit my account at the same time as the pay increase.

    So I'm now trying to work out how to best deal with the unexpected extra before it hits my bank account and I make silly decisions.

    Any advice (apart from save all of it )?
    Originally posted by CrabbitDutchie
    Hummm... I guess long term pay rise i include it all into our saving scheme. That's what ive done in our case with husband's promotion. Instead of 12k per year we could poss save, its now around 17k py so that's my (inner) goal as of now. Lump sum payment i guess id put approx 70% into savings and give the rest to hubby or use it for a day out to theme park etc. Need to also enjoy and have a life while saving xx
    "Don't underestimate the value of financial security"

    (#73) Joint savings account = £8,500 / £10,000
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,824Posts Today

7,701Users online

Martin's Twitter