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The "Save 12k in 2021" Thread!

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Comments

  • Thank you for all your hard work slowlyfading! could I be put down for 12k this year?
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £224,460.73
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
    Unread owned books Jan 2026: 256
    Undone crafts 2026: +1
  • Jami74
    Jami74 Posts: 1,313 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Please can I be number 30 again?
    I will aim for a sensible £4,000.
    Debt Free: 01/01/2020
    Mortgage: 11/09/2024
  • Hi SF, can you add me for next year. £5k target again.
    Many thanks for doing this.
    #18 in Save £12K in 2018 Saved £4020#53 in Save £6K in 2019 Saved £4180#7 in Save £5K in 2020 Saved £4957#36 in save £5K in 2021 Saved £8127#8 in Save £5K in 2022#9 in Save £5K in 2023
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Gem-gem said:
    Good evening Slowly Fading, 
    I would like to join the challenge again for 2021. Target £12,000 but hoping to smash it again. I'm saving for FIRE. 
    (Financial Independence Retire Early). 

    SF - I just read this years thread and realise that you will have already put me down for next year as I said I wanted to join again when I gave my December update. 🤪

    I'm also aiming for FIRE - a long way off though! And no worries; you're in :D
    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
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    greent said:
    Hi sf - I'd like to join this year, please :) We have several savings things going on but some will have withdrawals this year due to some work being done on the house. Do I report my.monthly figure as the net increase in savings in our accounts for the month? - otherwise if I did gross but then took out 20k for the building works it would be a bit skewed? And are SIPP contributions included?  

    I'm probably overcomplicating this for myself :D ......  Will set target when I figure out of I'm doing net/ gross figures :) x
    Basically - it's up to you! I only count the money I transfer to my investments and/or emergency fund and that's it. But everyone has their own way of doing things - whatever works for you :)
    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
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The spreadsheet is updated - please make a note of your challenge number for 2021! We're already up to 36 members :)
    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
  • Xenon
    Xenon Posts: 293 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Xenon
    £12,000
  • That time already! Thanks for getting this going again @slowlyfading - Please sign me up for another 12k for 2021 :)
    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
  • Hi, slowlyfading,
    I love this thread, please put me down for £12k this year. I might have to revise it down later but I'll give it a go. 
    MC
  • Hi SF, 

    Third year and would love to get to a combined savings (from 2018 & 2019) of 10k this year. Im currently #51 can I keep the same number? My target is £6000.

    Thank you for the work you put into this thread. I really enjoy being part of it and its helping me to also get to FIRE although I have a long way to go. Still renting which I hate! It will happen at somepoint I am sure.  
    2026 financial goals & challenges!

    1). Mortgage (started Jan 2024) £102,000.00 / £122,400.00 Overpayment total: £1239.11 (Inc Sprive yr 1 & 2 o/p £70.93, £5.52 Natwest o/p & £55.34 reg monthly overpayment) Equity 30%

    2). #TBC Save 1p a day challenge 2026 £0/£780

    3). £2,411.31/£3000 in Investment ISA (33/50 investments)

    4). Sensible money choices & debt reduction

    5). Lose weight, get fitter and read 12 books in 12 months in 2026.
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