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The "Save 12k in 2020" Thread!

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  • bsms1147
    bsms1147 Posts: 2,299
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
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    Sent updates for Jan-Apr, sorry for being a slowpoke!
  • Sistergold
    Sistergold Posts: 2,163
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
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    Good morning 
    I would like to be part of this challenge this way I will be able to start this challenge with everyone else next year. I think this could motivate me to save more than I am at present. For me this challenge will track one particular savings pot. 
    Thank you in advance 
    Initial mortgage bal £487.5k, current £238k, target £122k (quarter way!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    To save £100k in 60months start 01/01/2027
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • Suffolk_lass
    Suffolk_lass Posts: 11,422
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Good morning 
    I would like to be part of this challenge this way I will be able to start this challenge with everyone else next year. I think this could motivate me to save more than I am at present. For me this challenge will track one particular savings pot. 
    Thank you in advance 
    Pop a form in from post 1
    Save £12k in 2026 #2 I have banked £10,836.47 in 9 months, against a £10k target The Save £12k in 2026 thread is here
    OS Grocery Challenge in 2026 I have a £3000 annual budget for 2026 - currently £1971.56 to the end of Sep
    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 in 2027 thread brand new and sparkling - feel free to join us and say what and how you are planning
    My keep within our budget diary is here
  • Sistergold
    Sistergold Posts: 2,163
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite
    Good morning 
    I would like to be part of this challenge this way I will be able to start this challenge with everyone else next year. I think this could motivate me to save more than I am at present. For me this challenge will track one particular savings pot. 
    Thank you in advance 
    Pop a form in from post 1
    Thank you. Had already done the form before posting on thread. Will wait for update

    Initial mortgage bal £487.5k, current £238k, target £122k (quarter way!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    To save £100k in 60months start 01/01/2027
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • darkidoe
    darkidoe Posts: 1,129
    Part of the Furniture 1,000 Posts Name Dropper
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    edited 7 May 2020 at 7:57PM
    Hi all!
    Hope everyone is well and dealing well with staying indoors.
    # 38 Reporting 4089.87 for the month of April.
    One thing i find that is good from all that is going on is I am cooking a lot more at home which is a lot cheaper and also less
    outgoing. I hope this habit will continue long after lockdown has ended!


    Save 12K in 2020 # 38 £0/£20,000
  • pip2468
    pip2468 Posts: 7
    Part of the Furniture Photogenic Name Dropper First Post
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    #70 submitted my forms for end of March and April - £430.20 saved for the two months, not as good as I wanted, but I'm still glad it was something in these uncertain times!
    Thank you, SF, for continuing to update the spreadsheet :)
    Save £12k in 2023 - #40 (£0/£5,000)Save £12k in 2022 - #71 (£3,152.82/£5,000)Save £12k in 2021 - #83 (£4,538/£5,000)Save £12k in 2020 - #70 (£4,734.37/£5,000)
  • kev2009
    kev2009 Posts: 1,137
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    Hi,

    #003 declaring £500 for May.  Form has been submitted too.

    Many thanks
    Kev
  • steves_uk
    steves_uk Posts: 52
    Part of the Furniture 10 Posts Photogenic Name Dropper
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    edited 10 May 2020 at 8:04PM
    In the spirit of paying myself first, savings contributions for May are as follows (I've updated the easy update form):

    DD JISA - 
    £100
    DS JISA - £100
    Sharesave Scheme - £220
    Sharematch Scheme - £30
    Personal ISA - £150

    May total - £600
    2020 total - £2,987

    Well behind my target this year - renovating a house with a never ending list of things that need doing makes saving very difficult!
    Save £12k in 2023 #51 - £20,411.96 / £15k (136.08%)
    Save £12k in 2024 #24 - 
    £19,331.23 / £20k (96.66%)
    Save £12k in 2025 #53 - £27,209.40 / £20k (136.05%)

    I built a new salary tool to help explain deductions and visualise tax brackets. Try it here: salarytools.co.uk
  • danby22
    danby22 Posts: 78
    Part of the Furniture 10 Posts Name Dropper
    Forumite
    Hello Slowly, bit of a late update..
    #141
    April savings add up to £750
    Form updated too.
    Thank you for the efforts!

    Cheers.
  • slowlyfading
    slowlyfading Posts: 13,429
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Good morning 
    I would like to be part of this challenge this way I will be able to start this challenge with everyone else next year. I think this could motivate me to save more than I am at present. For me this challenge will track one particular savings pot. 
    Thank you in advance 
    You're added to the spreadsheet - challenge number 148 :)

    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
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