The "Save 12k in 2020" Thread!

kev2009

I'm up for 2021 thread too, same target 6k, like to keep same number also if possible
Kev

letiss7

SF - sorry for all the updates i've been really bad at keeping up with this thread this year but the good news is that I have still been saving. I've updated my figures upto the end on Nov.
Thank you for running this year after year.
I would love to take part for 2021 with a target of £12000 please.

darkidoe

#38 - £792.87 for the month of November. 
Count me in for 2021 too! Let's go for £12000 next year! 

Gem-gem

I'm just raiding my £2 coin pot and collecting the last few pounds from family - buying presents. So that I can make my last deposit for the year. I will reach £25K for the year. I can't believe how much I have managed to save. 

I will definitely be joining again for 2021 - my seventh year. My target is going to be £12K but hopefully, if we have no 'out of the blue' big bills,  it will be closer to what I have achieved this year. 

16/12 last deposit put in. Form placed in. 

Yay! 

Lomcevak

#27 reporting in, I've not done well keeping this up to date (looks like my last update was for August!). Life's been busy, with some challenges with my elderly parents, but otherwise all ok.

Updates are £2750 for September, £2750 for October, and £3950 for November, bringing me up to within £1k of my 2020 target. Must admit that i've slightly lost my mojo since paying off the mortgage in June, that's been such a target for so long that i'm struggling to find a goal to replace it. Not a problem I though i'd have

Hope all's well with all you folks, stay safe. L.

Lomcevak

geoffers4 said:

 Just checking-in to see what the Totaliser spreadsheet is saying for everything saved since this thread started in 2012...and we're just £43k short of a cool Ten Million!! Can we get there before the end of 2020, people?

I see I'm slowly reeling in bogglehead - should be there in about another four years at this current rate

Gem-gem

Lomcevak said:

#27 reporting in, I've not done well keeping this up to date (looks like my last update was for August!). Life's been busy, with some challenges with my elderly parents, but otherwise all ok.

Updates are £2750 for September, £2750 for October, and £3950 for November, bringing me up to within £1k of my 2020 target. Must admit that i've slightly lost my mojo since paying off the mortgage in June, that's been such a target for so long that i'm struggling to find a goal to replace it. Not a problem I though i'd have

Hope all's well with all you folks, stay safe. L.

A goal that you could aim for is FIRE
financial independence retire early. 

That is now what I am working towards. 

DireEmblem

Count me in for 2021, I need to work out a 'reasonable' figure, but this year, working from home and not having office lunches out, I've noticed how much I normally waste.  I'm assuming there are general rules on what can be included/excluded, or is that up to the user?  Myself I would only want to count my salary after pension contributions.  What I find interesting is articles that say if you can save 50% of your salary, you can retire in 15 years.  Thats longer than I've currently been working.  I clearly have some savings right now, but the thought of all the beers and pizza I've ordered over the years, that I can barely remember is insane!!!!!

I think the key is to work on factors you can control, so number 1 would be to spend less on junk you won't remember in a year/two or so time.

[Deleted User]

Lomcevak said:

Updates are £2750 for September, £2750 for October, and £3950 for November, bringing me up to within £1k of my 2020 target. Must admit that i've slightly lost my mojo since paying off the mortgage in June, that's been such a target for so long that i'm struggling to find a goal to replace it. Not a problem I though i'd have

Hope all's well with all you folks, stay safe. L.

Hi Lomcevak, I was the same when I paid off my mortgage.  I had been so focussed for so long at paying off debt and then then mortgage that I felt a bit lost once I completed it.  I frittered money away for over a year before finding my mojo again.   I then discovered FIRE and am working towards that.  Best of luck finding a new goal to motivate you.

kev2009

What do you work towards when you reach FIRE though?  I'm still working on mortgage ATM so loong way to go before can look at FIRE...
Kev