The "Save 12k in 2018" Thread!

Wanna_Bee_Free

No 12 reporting £825 for December. I am so happy this thread exists
as posting on here helps me keep on the straight and narrow with my savings. Thanks to everyone who contributed to the 2018 thread and of course Slowly Fading for managing it for us!
My savings this year have meant an extra £6 into my pension, £3k my SAYE scheme and I’ve been able to help out my parents. I didn’t hit £12k this year but am really pleased with my progress overall.
See you all on next year’s thread!

geoffers4

Hi Everyone

In an unexpected turn of events this month, a family member has admitted to 2 huge credit card debts they've been hiding until they're totally out of control. Very emotional and difficult for them to admit to, so although I'm sorry they've been running-up debts in secret, I'm pleased they found the courage to admit it now so we can deal with it.

So all thoughts of saving have been shelved in order to pay off the debts, and stop those horrendous interest payments. It puts a big hole in my FIRE plans, but we'll tweak our budget spreadsheet for the next 3 years and it will balance out in the end.

So reporting a negative for December -£5,066 and total saved for 2018 is £4,736.52

Happy saving everyone and see you on the 2019 thread!

Suffolk_lass

geoffers4 wrote: »

Hi Everyone

In an unexpected turn of events this month, a family member has admitted to 2 huge credit card debts they've been hiding until they're totally out of control. Very emotional and difficult for them to admit to, so although I'm sorry they've been running-up debts in secret, I'm pleased they found the courage to admit it now so we can deal with it.

So all thoughts of saving have been shelved in order to pay off the debts, and stop those horrendous interest payments. It puts a big hole in my FIRE plans, but we'll tweak our budget spreadsheet for the next 3 years and it will balance out in the end.

So reporting a negative for December -£5,066 and total saved for 2018 is £4,736.52

Happy saving everyone and see you on the 2019 thread!

We have just had a similar thing with our Son - I think it is important to make them face up to it by "paying it back" in some way so that they face it. In our case we could literally see the weight come off his shoulders with the relief of finally telling us. He must learn the budgeting lesson now so the wisdom sticks. DH and I started our lives together owing more on CCs than on his mortgage, and his "budgeting account" for bills had £200 a month paid in and £190 in interest coming out with a significant debt behind that as the bill were £230 a month at that time and the friend of a friend living there was freeloading and not paying anything...

shabbychic12

Sorry to say l fell of the savings bandwagon this year. I had good intentions but life got in the way for lots of reasons and some excuses to spend. Had to shelve retirement plans this year but intend to revisit this aim in 2019.well done to everyone who achieved their targets. Onwards on upwards.

sonas_baby

No 52 checking in with £400 for December. Thank you slowlyfading for all the work you do on this thread for us all. Roll on 2019 and a shiny new thread. Hope everyone has a good new year.

gwyneth_valiant

I am a terrible person for not posting here, but I took a couple of months off of work as I had the opportunity to change jobs and to take some time off in between! So my savings were kind of eaten up. I am pretty much where I started at the start of 2018, so essentially savings of 0 this year due to no income. I was so lucky to have had savings to cover this time and to allow me to take a mini-retirement break. I'll be fully back next year!! Hope all of you are well!!

Wentthedaywell?

geoffers4 wrote: »

Hi Everyone

In an unexpected turn of events this month, a family member has admitted to 2 huge credit card debts they've been hiding until they're totally out of control. Very emotional and difficult for them to admit to, so although I'm sorry they've been running-up debts in secret, I'm pleased they found the courage to admit it now so we can deal with it.

So all thoughts of saving have been shelved in order to pay off the debts, and stop those horrendous interest payments. It puts a big hole in my FIRE plans, but we'll tweak our budget spreadsheet for the next 3 years and it will balance out in the end.

So reporting a negative for December -£5,066 and total saved for 2018 is £4,736.52

Happy saving everyone and see you on the 2019 thread!

Life has a way of chucking things at you out of the blue, but at least having savings gives you a buffer against them.

I'm sorry if your long-awaited FIRE plans have taken a bit of a delay Geoffers, but it's heartwarming to see how families pull together when needed. Hopefully your family member gets the chance to face facts and learn a very valuable lesson for the future.

Best wishes Geoffers, and to everyone here for a happy, healthy and hopefully peaceful and prosperous 2019. See you all on the new thread!

Owen1991

Thanks to this thread I’ve saved £9,000 this year! A little lower than the £12,000 goal but I’ve had a nice holiday to Barcelona and booked 2 weeks in Vietnam for April next year

Roll on 2019 and I’ve set myself a slightly more realistic goal of £9,000

Wentthedaywell?

Final sign in of the year. I actually saved £1250 this month, which is good going with Christmas, lots of social things and some smallish works on the house.

However my S&S ISA has taken a battering and lost £3000, so I am reporting a net loss in December of £1000, making my total for 2018 of £15,000. My target was £12,000 so I should be happy really despite the loss

george4064

george4064 wrote: »

£404.34 saved in November.

Further behind my target than I would hope, but I'm exchanging contracts for my first flat soon so that will mean that I will start 'saving' in that I'll be paying off my own mortgage than someone elses mortgage!

£2,642.86 saved in December.

I recently closed down my HTB ISA so I've decided to include the government bonus I'll be receiving in due course!

Saving in 2019 will be very different for me as I'll have a mortgage to take care with my first flat!

Happy new year all and look forward to saving with you in 2019. :beer:

Edit: For some reason my November update isn't showing, so I have resubmitted November's amount.