Great to see this running again for 2023. If possible could you add me as #9.
Welcome and I have added you as #9. Did it work for you this year?
Just got my head round how much to add monthly to my savings space.
Thanks. Yeah it worked for me this year, but I found it a bit of a stretch with the larger amounts. I just followed the guide available on the forum, An average monthly approach may be better.
£1K Emergency Fund - £583.82/£1000 1p Challenge #9; 2023 - £76.65/£667.95, 2022 - £667.95/£667.95 £1 per day Challenge #22; 2023 - £121.75/£365, 2022 - £366.19/£365
@srmlac Glad it worked for you regardless of how you did it. I think I am going to try it the way suggested by the guide this week so have printed off my chart to tick off as I save and will put the amount in monthly to my savings space. That means only a small amount in January which works well as we have the credit card to clear from Christmas shopping. Hopefully by the time I get to December and the largest monthly payment I will be used to doing without that money. It will go towards our holiday in 2024. What are others saving for?
I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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 [email protected] All views are my own and not the official line of MoneySavingExpert. Save £12k in 2023 Challenge #8 £12,000/£6500 The 365 day 1p Challenge 2023 #1 £670.00/£100.00 The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
I've already started mine on 27 October 2022, as like @AntoMac, I do mine with random amounts and to coincide with the sealed pot challenge as I am using this penny challenge to fund Christmas 2023, so need it available to catch any Black Friday bargains for presents. But I am happy to fall in line with AntoMac from 1 November to 31 October, so there are not too many random end dates if that helps?
Debt Free Diary:- The Mental Debt Struggle... https://forums.moneysavingexpert.com/discussion/6364598/the-mental-debt-struggle/p1?new=1Debt Tracking Restart Take 2 from 01/08/2022 = £22,189.87 (8 creditors) So, on 27/03/2023 = £8,442.04/£22,182.54 (5 creditors) = 38.04% repaid Aiming to be Debt Free = 31/12/2025THE BURDEN RESTART TRACKER:-Bank of Mum 3 - school fees (£1,700/£4,800) 35.42% repaid || Barclaycard (£2,387.80/£9,587.80) 24.90% repaid || Creation (£581.36/£1,070) 54.33% repaid || MBNA (£800/£3,000) 26.67% repaid || Sky Mobile (£246.84/£1,006.03) 24.54% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS TARGETS:-Noose PAD Pot Phase 1= £0/£845.34 (0% saved) || Globetrotter Travel Pot = £1.67/£700(0.24%) || Emergency Fund = £503.53/£1,000 (49.35% saved) 2023 SAVINGS CHALLENGES:-#5 Penny Challenge = £129.29/£670(19.30%)SPC 16 #79 - target of £500 || #2 25 Envelope Challenge = 9/252023 DEBT FREE CHALLENGES:-#42 Debt Free Before Xmas 2023 = £1,741.62/£6,000(29.03%)
I've already started mine on 27 October 2022, as like @AntoMac, I do mine with random amounts and to coincide with the sealed pot challenge as I am using this penny challenge to fund Christmas 2023, so need it available to catch any Black Friday bargains for presents. But I am happy to fall in line with AntoMac from 1 November to 31 October, so there are not too many random end dates if that helps?
That is fine @Keedie just choose a date to suit you (26 October 2023?) and I will note on my spreadsheet which I will share on here once everyone is up and going.
What number are you on the 2022 challenge and you can keep the same on the 2023 one? If you don't have one are you happy with #5?
I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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 [email protected] All views are my own and not the official line of MoneySavingExpert. Save £12k in 2023 Challenge #8 £12,000/£6500 The 365 day 1p Challenge 2023 #1 £670.00/£100.00 The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
Oh if it's not too much hassle, then yes please to the 26 October 2023 end date. I didn't have a number for 2022 as I just made it up as I went along and dropped out, so I'll take whatever number you have going please 😁.
Debt Free Diary:- The Mental Debt Struggle... https://forums.moneysavingexpert.com/discussion/6364598/the-mental-debt-struggle/p1?new=1Debt Tracking Restart Take 2 from 01/08/2022 = £22,189.87 (8 creditors) So, on 27/03/2023 = £8,442.04/£22,182.54 (5 creditors) = 38.04% repaid Aiming to be Debt Free = 31/12/2025THE BURDEN RESTART TRACKER:-Bank of Mum 3 - school fees (£1,700/£4,800) 35.42% repaid || Barclaycard (£2,387.80/£9,587.80) 24.90% repaid || Creation (£581.36/£1,070) 54.33% repaid || MBNA (£800/£3,000) 26.67% repaid || Sky Mobile (£246.84/£1,006.03) 24.54% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS TARGETS:-Noose PAD Pot Phase 1= £0/£845.34 (0% saved) || Globetrotter Travel Pot = £1.67/£700(0.24%) || Emergency Fund = £503.53/£1,000 (49.35% saved) 2023 SAVINGS CHALLENGES:-#5 Penny Challenge = £129.29/£670(19.30%)SPC 16 #79 - target of £500 || #2 25 Envelope Challenge = 9/252023 DEBT FREE CHALLENGES:-#42 Debt Free Before Xmas 2023 = £1,741.62/£6,000(29.03%)
Thank you for taking this over, while I am not in the position to host, I would love to join in so can I please be added to the list.
#6 365 Day Penny Challenge £120.63/£667.95 #6 Virtual Savings Pot 2023 £31.12/£300 Saving £1 A Day for Christmas 2023 £242/£730 #2 £2 Savers 2023 £172/£300 #6 Pay All Your Debt By Xmas 2023 £1848.49/£12,000 Make £10 a Day January £237.08 February £121.93
Thank you for taking this over, while I am not in the position to host, I would love to join in so can I please be added to the list.
Lovely to see you and pleased you want to join in. I am afraid I have already taken #1 which was your number this year so are you ok with being #6 in 2023? Hope life becomes less hectic for you soon.
I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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 [email protected] All views are my own and not the official line of MoneySavingExpert. Save £12k in 2023 Challenge #8 £12,000/£6500 The 365 day 1p Challenge 2023 #1 £670.00/£100.00 The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
Oh if it's not too much hassle, then yes please to the 26 October 2023 end date. I didn't have a number for 2022 as I just made it up as I went along and dropped out, so I'll take whatever number you have going please 😁.
I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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 [email protected]m. All views are my own and not the official line of MoneySavingExpert. Save £12k in 2023 Challenge #8 £12,000/£6500 The 365 day 1p Challenge 2023 #1 £670.00/£100.00 The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
Thank you for taking this over, while I am not in the position to host, I would love to join in so can I please be added to the list.
Lovely to see you and pleased you want to join in. I am afraid I have already taken #1 which was your number this year so are you ok with being #6 in 2023? Hope life becomes less hectic for you soon.
#6 is fine with me thank you
#6 365 Day Penny Challenge £120.63/£667.95 #6 Virtual Savings Pot 2023 £31.12/£300 Saving £1 A Day for Christmas 2023 £242/£730 #2 £2 Savers 2023 £172/£300 #6 Pay All Your Debt By Xmas 2023 £1848.49/£12,000 Make £10 a Day January £237.08 February £121.93
Replies
I just followed the guide available on the forum, An average monthly approach may be better.
1p Challenge #9; 2023 - £76.65/£667.95, 2022 - £667.95/£667.95
£1 per day Challenge #22; 2023 - £121.75/£365, 2022 - £366.19/£365
Save £12k in 2023 Challenge #8 £12,000/£6500
The 365 day 1p Challenge 2023 #1 £670.00/£100.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
I've already started mine on 27 October 2022, as like @AntoMac, I do mine with random amounts and to coincide with the sealed pot challenge as I am using this penny challenge to fund Christmas 2023, so need it available to catch any Black Friday bargains for presents. But I am happy to fall in line with AntoMac from 1 November to 31 October, so there are not too many random end dates if that helps?
Debt Tracking Restart Take 2 from 01/08/2022 = £22,189.87 (8 creditors) So, on 27/03/2023 = £8,442.04/£22,182.54 (5 creditors) = 38.04% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£1,700/£4,800) 35.42% repaid || Barclaycard (£2,387.80/£9,587.80) 24.90% repaid || Creation (£581.36/£1,070) 54.33% repaid || MBNA (£800/£3,000) 26.67% repaid || Sky Mobile (£246.84/£1,006.03) 24.54% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS TARGETS:- Noose PAD Pot Phase 1= £0/£845.34 (0% saved) || Globetrotter Travel Pot = £1.67/£700 (0.24%) || Emergency Fund = £503.53/£1,000 (49.35% saved) 2023 SAVINGS CHALLENGES:- #5 Penny Challenge = £129.29/£670 (19.30%) SPC 16 #79 - target of £500 || #2 25 Envelope Challenge = 9/25 2023 DEBT FREE CHALLENGES:- #42 Debt Free Before Xmas 2023 = £1,741.62/£6,000 (29.03%)
What number are you on the 2022 challenge and you can keep the same on the 2023 one? If you don't have one are you happy with #5?
Save £12k in 2023 Challenge #8 £12,000/£6500
The 365 day 1p Challenge 2023 #1 £670.00/£100.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
Debt Tracking Restart Take 2 from 01/08/2022 = £22,189.87 (8 creditors) So, on 27/03/2023 = £8,442.04/£22,182.54 (5 creditors) = 38.04% repaid Aiming to be Debt Free = 31/12/2025
THE BURDEN RESTART TRACKER:- Bank of Mum 3 - school fees (£1,700/£4,800) 35.42% repaid || Barclaycard (£2,387.80/£9,587.80) 24.90% repaid || Creation (£581.36/£1,070) 54.33% repaid || MBNA (£800/£3,000) 26.67% repaid || Sky Mobile (£246.84/£1,006.03) 24.54% repaid
🎉 TUI (£2,276.04/£2,276.04) 100% repaid || Bank of Mum 1 - car (£150/£150) 100% repaid || Bank of Mum 2 - family holiday (£300/£300) 100% repaid 🎉
(Original Debt on 15/07/2016 was £33,056.76) 🙈
2023 SAVINGS TARGETS:- Noose PAD Pot Phase 1= £0/£845.34 (0% saved) || Globetrotter Travel Pot = £1.67/£700 (0.24%) || Emergency Fund = £503.53/£1,000 (49.35% saved) 2023 SAVINGS CHALLENGES:- #5 Penny Challenge = £129.29/£670 (19.30%) SPC 16 #79 - target of £500 || #2 25 Envelope Challenge = 9/25 2023 DEBT FREE CHALLENGES:- #42 Debt Free Before Xmas 2023 = £1,741.62/£6,000 (29.03%)
Advent-ures in the MSE Forum | Day 20
Join the Advent-ure: open a new door of the calendar every day and discover a new corner of the community.
🌟 🎀 ✨ 🎀 🌟 🎀 ✨
#6 Virtual Savings Pot 2023 £31.12/£300
Saving £1 A Day for Christmas 2023 £242/£730
#2 £2 Savers 2023 £172/£300
#6 Pay All Your Debt By Xmas 2023 £1848.49/£12,000
Make £10 a Day January £237.08 February £121.93
Total Debt Repaid- £1848.49/£66,133.42
Save £12k in 2023 Challenge #8 £12,000/£6500
The 365 day 1p Challenge 2023 #1 £670.00/£100.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
Save £12k in 2023 Challenge #8 £12,000/£6500
The 365 day 1p Challenge 2023 #1 £670.00/£100.00
The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£400
#6 Virtual Savings Pot 2023 £31.12/£300
Saving £1 A Day for Christmas 2023 £242/£730
#2 £2 Savers 2023 £172/£300
#6 Pay All Your Debt By Xmas 2023 £1848.49/£12,000
Make £10 a Day January £237.08 February £121.93
Total Debt Repaid- £1848.49/£66,133.42