The "Save 12k in 2018" Thread!

Lrimas

I know it is late, but can I please join?

I would like to save £35k from now until the end of the year. It is a bit of a stretch goal but I am hoping to achieve it to reach FIRE in the next few years

As I am self employed I will include the following in my total:
1) Money saved in pension
2) Money saved in S&S ISA
3) Money saved in IFISA
4) Profit from matched betting
6) Mortgage overpayment
7) Profit invested in business account

I won't be including share increases/decreases as this is outside of my control

Suffolk_lass

Lrimas wrote: »

I know it is late, but can I please join?

I would like to save £35k from now until the end of the year. It is a bit of a stretch goal but I am hoping to achieve it to reach FIRE in the next few years

As I am self employed I will include the following in my total:
1) Money saved in pension
2) Money saved in S&S ISA
3) Money saved in IFISA
4) Profit from matched betting
6) Mortgage overpayment
7) Profit invested in business account

I won't be including share increases/decreases as this is outside of my control

Goodness, you will push our collective average up a bit if you achieve that total. I'm sure slowlyfading will add you next time she pops in. Make sure you do a form from post one so you don't get missed. And welcome to the challenge!

geoffers4

geoffers4 wrote:

And only 18 paydays until FIRE

slowlyfading wrote: »

That's such a short time away - very envious! Cannot wait until we're in this position

Getting closer! For any new readers who might want to read more about saving for FIRE (Financial Independence, so can Retire Early), here's a couple of links;

https://www.frugalwoods.com/2014/04/26/you-can-save-your-way-to-financial-independence/

https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

darkidoe

geoffers4 wrote: »

Getting closer! For any new readers who might want to read more about saving for FIRE (Financial Independence, so can Retire Early), here's a couple of links;

https://www.frugalwoods.com/2014/04/26/you-can-save-your-way-to-financial-independence/

https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

Might want to read more about ISAs and pensions, SIPPs for more of a UK twist on tax efficient savings.

In my opinion, lifestyle inflation is the biggest obstacle. One I struggle with sometimes.

£431.91 for month of June

george4064

slowlyfading wrote: »

Love this idea! Leave it with me

Thank you! I!!!8217;m sure others will like to see that figure too.

P.s. looks great on the spreadsheet!

vintagebrighton

#32 £250

Another £250 this month ~ still something!

VB x

excelwizard

vintagebrighton wrote: »

#32 £250

Another £250 this month ~ still something!

VB x

Always better than having spent savings :T

CavendishWobble

£1359 for this month - took my eye off the ball but some cash backs really helped to keep it at a good amount

Hitting the £10k mark at 6 months is a good feeling

slowlyfading

Lrimas wrote: »

I know it is late, but can I please join?

Not too late at all! Your challenger number is 146

slowlyfading

Spreadsheet updated