The 'Save £12k in 2012' thread!

darkvader

OK I am in too.
One possible rule - is this challenge per person, per couple or per family? OH and I can try our best and save £12k together so want to clear that one now.
Also, just to be clear, I cannot add any XMas money saved off to the fund right it must be saved during the months of 2012. This will be fun!!!

All the best
DV

MoneySaverLog

I think the rule should be new money saved coming in from 1st January to 31st December, so carrying over from one year to the next or saving a months salary and spending last years savings in it's place should not be allowed.

I'll ringfence off anything saved this year at the end of the year :-)

I love a challenge, and something to aim for though :-)

rictus123

I agree it should be what is put away in 2012...and living off this years savings to save money next year should not be allowed either. We should all have at least £12k cash by the end of 2012. I think the majority seems to be for a house deposit. Do Nationwide really do 95% mortgages?

sweetpeas_2

MoneySaverLog wrote: »

I think the rule should be new money saved coming in from 1st January to 31st December, so carrying over from one year to the next or saving a months salary and spending last years savings in it's place should not be allowed.

I'll ringfence off anything saved this year at the end of the year :-)

I love a challenge, and something to aim for though :-)

rictus123 wrote: »

I agree it should be what is put away in 2012...and living off this years savings to save money next year should not be allowed either. We should all have at least £12k cash by the end of 2012. I think the majority seems to be for a house deposit. Do Nationwide really do 95% mortgages?

Oh yeh good point guys This never occured to me as I don't currently have any savings lol

slowlyfading

darkvader - this is for me and OH joint - I don't earn enough to save that by myself! ours is going to go towards a house deposit.

sweetpeas_2

If_My_Pennies_Were_Pounds wrote: »

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?

Eyup mrs :hello: nice to see you on here xx

rictus123

Its really not that long until thing challenge starts!! Time flys in when you are busy, November a week today!! I love xmas so cant wait for it....then flat out working non stop next year, not spending hardly nothing, sticking to budget...might try and save the £12k by this time next year!! Love things like this. I love all things money to be honest!!

Subzero2003

Please feel free to add me to the list

My aim is for £7000!

RRRRodgA

You can put me down for £7k

I was going to say £5k however I decided to be ambitious with this one

Part of the savings will be going towards Las Vegas 2012...4th visit in 5 years...so hopeful I can save a bit more than usual for during the year

neeryde

Slowlyfading - How will this work from 1st January 2012 then? Will we individually update a spreadsheet or something, or do we just submit a post on here and you update the tables? Cheers, Neil.