The 'Save 12k in 2013' Thread!

stavromueller

Thank you SlowlyFading for all your hard work over the last year.

As I managed to beat my target of £10 000 in this year, would you be able to put me down for £12 000 this year please.

hails14

I am up for this challenge next year really need to start saving!

put me down for £13,000 going to start big!

can I ask if people have any tips they have for me on how to reach my goal?

Lomcevak

can I ask if people have any tips they have for me on how to reach my goal?

It obviously depends a lot on income, but in my case I have about £600 a month left over so that's 12x£600=£7200 (half goes into a First Direct regular saver, which is a nice account for this sort of challenge). So that's a touch over halfway.

The plan for the rest is a mix of cutting expenses and upping income. I've made £3k in the £2012 in 2012 challenge this year, so i'll try to match that again in 2013. And there should be £1-2k or so overtime available through work, not a massive amount but it'll help. And then i'll attack outgoings as hard as I can, bills, groceries, that sort of thing. There's not a huge amount of scope here as we're already pretty careful with what we spend, but maybe enough to see me to the finish line. So in summary i'm aiming at:

£7200 - normal savings
£3000 - 'up my income' challenge
£1500 - overtime
£1500 - cutting outgoings and thrifty shopping

£1500 seems like a lot, but really it's 'only' £125 a month which isn't huge. Fingers crossed


edit: just to add it depends a lot on your starting point too, our outgoings were substantially higher a few years ago before the 'lightbulb' moment of finding MSE and TMF. So for the 'me' of 2007-2008 i'd have tackled outgoings before trying hard to up my income, because there would have been easy pickings there. These days there's much less scope for reducing outgoings as we've done so much already, so my focus this year has to be mostly on increasing income.

hails14

I work part-time 3 days trying to fit another job round it plus I am hoping to get a promotion.

I am 23 still living at home. Wanting to get a deposit for a flat instead of renting.

was thinking maybe start with eBay.

LunaLady

I sell stuff on ebay, plus do overtime and work and extra job at the weekends. I also do surveys for a bit of extra cash.

lvm

Ooooh, a new challenge!

Well, I'll go for £13k as it's 2013! Next year will be the last full year before my big new house purchase in Sept/Oct 2014! Woo hoo!

Desperate_Housewife_2-2

please can I join for the full 12k?

thanks for doing the thread slowlyfading

lucylema

I would like to join this challenge please if I may? I would like to do 13k for 2013.

I am a temp and get paid weekly. Each payday I will put anything I have left in my purse into the savings pot. I will also put anything I make from sales on ebay etc into the pot also.

Lucy x

gothrockchic1

Hi can I join in...I will aim for £6000 half that amount. The most I have saved before is £3000 so I'd like to try double that.

Thanks for doing this challenge I am off to subscribe!

sugap0ps

I'd like to put my name down for the full 12K
Reading the thread for the last year has motivated me!!