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The "Save 12k in 2020" Thread!

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  • delta13
    delta13 Posts: 322 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    £937.84 saved for October, form updated.
    I've beat my £10k target (!), so increased it to £11k. I know Christmas is coming but I'm going to be optimistic and hopeful that I'll achieve it before the end of the year :)
    Save £12k in 2022 = £3705.97/ £7,500 (49%)
    Save £12k in 2021 #76 = £11,857.21/ £10,000 (118%)


  • Marina1506
    Marina1506 Posts: 11 Forumite
    10 Posts First Anniversary
    edited 30 October 2020 at 11:59PM
    Number #52 declaring £4973.07 for October (these are actually my savings for July-October), form updated. Went off the boil savings-wise for a few months due to house spends and a couple of mini breaks in the UK.  However, I have continued to add to my regular savers and received a tax rebate from HMRC last month. Probably won't meet my target with Xmas coming up, but never mind.

    Thank you Slowly for running this challenge! 
    Save £12K in 2020 #52 £11625.33/£12,000
  • Reporting £949.15 for October. This month we've had the expense of unblocking drains - lovely. And the dog was under the knife at the vets. The car's annual MOT and service. Signing up for a mindfulness course - to try to stay sane during these unusual and worrying times. And a rare trip out to a cafe during a weekend away in Scotland. So taken together, that's put a dint in the savings for this month. 
    We're off to Devon now for a cosy week away from everything - I haven't had a proper break from work since February, so I'm looking forward to it!
    Save 12k in 2013-2014-2015-2016-2017-2018-2019-2020-2021-2022 - then early-retired.
  • #48 declaring £200 for October. Will definitely be doing next year's challenge, as it is a great motivator to save as much as I can.

  • Gizmo70
    Gizmo70 Posts: 139 Forumite
    Part of the Furniture 100 Posts
    Number #25 reporting for October. Thankfully my weekly rolling work contracts is still rolling, so I have managed to save £2,510 for the month. It also means I've bumped my target from 10.5k up to 12k.
    Saving goal for 2025: £17,561/£30,000 (58%)
    Saving goal for 2024: £27k - achieved
  • £267.15 for this month.
    Combination of the car breaking and the cat needing a tune up (though very grateful it was that way round!), plus holding deposits for new rented home.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • george4064
    george4064 Posts: 2,930 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper

    #21 reporting £1,414 for September

    Nothing major to announce other than OH and myself bought a car! Cost an arm & a leg but its nice to (what feels like) finally putting your hard earnt savings towards something tangible that you can feel proud of. We (okay mainly me!) put a lot of research into which car to get, especially since this was our first big purchase together (I currently own the flat we live in, we plan to buy together when we decide to move up the ladder).

    I stopped my AVCs because as part of my company being acquired I will be moving to the new company's benefits system sometime next year which includes better DC pension terms (hooray!), effectively the employer matched contributions is better and there is no age restrictions as per my current (soon to be old) pension arrangements. Once I move onto the new pension system I shall be setting my contribution accordingly to yield the best employer contribution, I'll be able to get the same overall contribution rate in the new system but it will cost me a lot less as the company will pay a lot of it which is good news.

    No new S&S ISA contributions, however I am very much enjoying watching the dividends being re-invested particularly in my UK holdings. Snowball effect and all that!  :)

    I also launched my own financial wellbeing website, welcome any users on here to check it out and I hope you will enjoy reading my content; https://www.amorge.co.uk/
    #21 reporting £1,098 for October.

    Nothing major to report, just continue to shuffle savings around to run away from rates dropping everywhere!
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Spreadsheet updated - on time for once B)
    Happy Halloween >:)
    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
  • Spreadsheet updated - on time for once B)
    Happy Halloween >:)
    Sorry 🙈 late again. Reporting a bit of a disappointing £1,397.34 for October.  I took off the money I spent from my savings to pay for vet bills (some more due next month but thankfully my dog is ok) I had been putting money aside for unexpected bills anyway so it was always there for this if needed. Just generally disappointed as I spent over budget in a few areas, I’ll try better next month although ive started buying Christmas gifts now so probably will be an expensive few months. 
  • #47 Reporting a saving loss this month of £287 - a tumble in the stock market has caused the dip. I'll just have to cut back next month to make up for it. 
    GOAL:- £400k in Savings by March 2026 SAVINGS: – £388,251 COMPLETE GOALS - Debt Free, Mortgage Free, £350k Savings Save 12k in 2025 #41 = £21,772 / £25,000
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