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The "Save 12k in 2020" Thread!

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  • I was going to quit this thread already due to a big reduction in finances this month but instead of quitting, I am going to lower my goal to 5000. Only 200 saved this month but this should go up slightly as the year goes on. Any savings is better than nothing, keep pushing everyone.
    Save £12K in 2020 #58 - £454.58/£5,000
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Hi,

    Please could I reduce my target to £5000.00, I have been on sick since 2019 and now I have been reduced to next to nothing and applying for universal credit, so I think £12000.00 will be out of my reach at the moment..

    Thanks

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • Jami74
    Jami74 Posts: 1,284 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Aaargh! Job has just ended with one week's notice. Was expecting it to last another 3 months. Am negotiating my next job but it will be less. I might keep back what I was going to submit until I know for certain that I have more money coming.
    Debt Free: 01/01/2020
    Mortgage: 11/09/2024
  • BVic28
    BVic28 Posts: 97 Forumite
    Fourth Anniversary 10 Posts
    #34 - Payday today which means all the regular monthly savings shuffled about. £444.97 added in total to the various pots bringing January’s total so far to 560.20
    Mortgage balance as of end of Dec 19 - £120,675
    MFW 2020 challenge #35 £94.62/£750; Jan running total - £94.62
    Save 12k in 2020 challenge #34 £560.20/£6000; Jan running total - £560.20
  • Suffolk_lass
    Suffolk_lass Posts: 10,253 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Westie983 wrote: »
    Hi,

    Please could I reduce my target to £5000.00, I have been on sick since 2019 and now I have been reduced to next to nothing and applying for universal credit, so I think £12000.00 will be out of my reach at the moment..

    Thanks

    Westie983

    That is hard Westie983 - best wishes for your fully restored health (and finances)
    Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
    OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • Suffolk_lass
    Suffolk_lass Posts: 10,253 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 24 January 2020 at 9:57AM
    laurababs and Jami74 - well done both of you for hanging in there. All of us have our challenges but reduced circumstances are so hard. Let's hope it all picks up for you.

    I have a dishwasher and central heating boiler repair in train, and DH's motorcycle is at the bike hospital for some preventive surgery - all unexpected but that is why we have an emergency fund! - just as well as I had just ordered 5 tons of aggregate for a major outdoor project, and booked two separate ferry trips to the European mainland - one for him, one for us. C'est la vie!
    Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
    OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • My first update of 2020 declaring £3750 for January. This has filled the last bit of my Cash ISA and the rest put into an easy access savings account.
  • Hi all,

    Recently, I joined the saving challenge and I would like to update my "record".
    There is a question on update form: "Please enter your 12k for 2020 number. *"
    I guess this number is the same as I can see next to my nickname in the other file.
  • Hi all,

    Recently, I joined the saving challenge and I would like to update my "record".
    There is a question on update form: "Please enter your 12k for 2020 number. *"
    I guess this number is the same as I can see next to my nickname in the other file.

    Yes, it's the number you were given when you first joined (120 in your case, Silverspeed).

    You might find it helps you to remember if you add it to your signature below; I think it helps Slowlyfading update too. :)
    Save £12k in 2022 thread #7:

    Save £10,000 Jan-May 2022 THEN RETIRE!!
    Final total for (half) year: -£4,000
  • Even tho I am in debt at the moment I reckon £5k would be achievable. Please put me down too.
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