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The 'Save £12k in 2012' thread!

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  • PheoUK
    PheoUK Posts: 351 Forumite
    I have a loan that I'd want to clear in 2012. Hoping I'll be able to use a bonus payment for this (I have 1/2 the loan amount in savings now). Therefore can you put me down for £5000 - that averages £412 per month... think I should be able to achieve that!
  • I think I'd like to give this a go!

    Don't think we could reach £12,000 though, we're just starting to think about a deposit for a place of our own (currently renting) but given that our wages are considerably lower than some on here we might need to aim for a smaller figure!

    I think we'll aim for £6000 to start, I'm assuming we could up our target if needed?!

    Any rules to this challenge? Anything that can/can't be added?
    VSP - £14.76 | Saving for a Deposit
  • Chuzzle
    Chuzzle Posts: 625 Forumite
    Part of the Furniture Combo Breaker
    samhawkes wrote: »
    Hi count me in

    im planning on saving 10k by the end of next year.

    cant wait, im mid twenties and due to partly being reckless and partly issues that have come up i have nooooo savings at all.

    its going to be a challange as im on a low wage (26.5k per year) but well see. hoping for 833.33 per month :D

    LOW WAGE???? Mine & my husbands TOTAL annual income is this and we are both full time employed :eek: I would so love to join this group but I know there is no way I could do it... mind you if I start to charge my 18 yo ds a grand a month in rent maybe I could ..... lol fat chance he could afford that tho!

    GOOD LUCK EVERYONE and I hope you suceed with your targets.
    Banana Lovers
    Buy your bananas in bunches of 5 on Sunday. Then arrange them in order of ripeness and write a day of the week on each banana in felt pen, Monday on the ripest, Friday on the greenest to save time making those decisions on a hectic weekday morning
  • Suarez
    Suarez Posts: 970 Forumite
    Put me down for 12k please :) Although I have £2500 already does this count?
  • Suarez
    Suarez Posts: 970 Forumite
    Better make mine 10k actually. 12k is a bit ambitious..
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I think we'll aim for £6000 to start, I'm assuming we could up our target if needed?!

    Any rules to this challenge? Anything that can/can't be added?

    I've added a couple of rules - can you think of any more? :D
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Suarez wrote: »
    Better make mine 10k actually. 12k is a bit ambitious..
    Suarez wrote: »
    Put me down for 12k please :) Although I have £2500 already does this count?

    You can't count the £2,500 - the whole point of this challenge is to save between 01/01/2012 and 31/12/2012 :) welcome aboard though!
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Can anyone think of any rules this challenge needs? I've added a couple onto the first post, but can't really think of any more, so some help would be good! :)

    Front page is also updated; we're up to 40 members! :D
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
  • guitarman001
    guitarman001 Posts: 1,052 Forumite
    Surely to save £12k in a year you need to be on a decent gross. I'm £30k gross and even I don't save £12k a year!
  • sweetpeas_2
    sweetpeas_2 Posts: 2,237 Forumite
    Can anyone think of any rules this challenge needs? I've added a couple onto the first post, but can't really think of any more, so some help would be good! :)

    Front page is also updated; we're up to 40 members! :D

    I can't think of anything hun.. can the money come from any income ie be made up of anything including main job wages etc? Apart from that I can't think of owt, it's a pretty open challenge which is why it's so good, it gives more people a chance I think :D
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