The 'Save £12k in 2012' thread!

PheoUK

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!

If_My_Pennies_Were_Pounds

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?

Chuzzle

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

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.

Suarez

Put me down for 12k please Although I have £2500 already does this count?

Suarez

Better make mine 10k actually. 12k is a bit ambitious..

slowlyfading

If_My_Pennies_Were_Pounds wrote: »

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?

slowlyfading

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!

slowlyfading

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!

guitarman001

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

slowlyfading wrote: »

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!

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