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The "Save 12k in 2021" Thread!

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Comments

  • MissMia60
    MissMia60 Posts: 20 Forumite
    10 Posts First Anniversary Name Dropper
    I'd like to know how you guys save up if you have know income?
    Any advice?
  • KeepOnKnitting
    KeepOnKnitting Posts: 863 Forumite
    Tenth Anniversary 500 Posts Photogenic Name Dropper
    MissMia60 said:
    I'd like to know how you guys save up if you have know income?
    Any advice?
    I think it would be very difficult to save with no income. (Forgive me if I misread your question) My first suggestion would be to find an income. Either that or just declare a 100% savings rate since you do already save 100% of no income.
    Save £12k in 2025 #33 £2531.77/£5000 (If this carries on I might have to up my target!)
    April take lunch to work goal - 3 of 12
  • Suffolk_lass
    Suffolk_lass Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 7 January 2021 at 11:43AM
    KeepOnKnitting said:
    MissMia60 said:
    I'd like to know how you guys save up if you have know income?
    Any advice?
    I think it would be very difficult to save with no income. (Forgive me if I misread your question) My first suggestion would be to find an income. Either that or just declare a 100% savings rate since you do already save 100% of no income.
    If you mean you know what your income is, my approach is to round up every spend to a round figure so if I spend 90p, I round up to £1 by putting the extra bits (10p) in to an instant savings account where it accumulates. I use this money to smooth things out (when a big thing happens) or as an emergency fund, and I also budget quite closely so I know what I am expecting each month and reduce budgets where I can so I can scrape a bit more off. It is known as Tilly Tidying on the forum, after the forumite who adopted it and called it that in her diary.
    Save £12k in 2025 #2 I saved £14,660.97 of £6000 or 244.35% of my target. The 2026 Save £12k in 2026 thread is here
    OS Grocery Challenge in 2025 I finished the year at £2880.99/£3000 or 96.03% of my annual spend so I am sticking with a £3000 annual budget for 2026
    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 2026 discussion thread
    My keep within our budget diary is here
  • bigbeff
    bigbeff Posts: 1,147 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Is it too late to sign up? Please put me down for £5k :)

    Debt as of 29/12/25
    Overdraft: 1465.60 327.33
    CC1: 866.75 500
    CC2: 5699.85 5199.85
    Total:8032.30 6027.18
  • confusedsaving
    confusedsaving Posts: 50 Forumite
    Third Anniversary 10 Posts
    Please can I sign up with a target of £11k? Thanks for running this again slowlyfading :smile:
  • becky_rtw
    becky_rtw Posts: 8,393 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    slowlyfading said:
    Spreadsheet updated :)
    Bet you have been busy SF! Lots of people on the thread 😎
  • suzie_wong
    suzie_wong Posts: 387 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 10 January 2021 at 2:08PM
    slowlyfading said:
    Spreadsheet updated :)
    I don’t seem to be able to access the update spreadsheet- I clicked on request access, so hopefully that was the right thing to do!
    Save £12k in 2021: Jan £1834.40, Feb £1692.81
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    suzie_wong said:
    slowlyfading said:
    Spreadsheet updated :)
    I don’t seem to be able to access the update spreadsheet- I clicked on request access, so hopefully that was the right thing to do!
    You should be able to see it but not edit it :)

    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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