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The "Save £12k in 2023" Thread!

slowlyfading
Posts: 13,429 Forumite


So, the title is pretty self explanatory, but this is the place to be in 2023
it's that time of year, again!
In 2023, the aim is to save £12k (or, any other amount if you like) from 1st January 2023 til 31st December 2023. I know it's early, but it gives you the time to plan for how you are going to do it. Please comment on the thread to sign up and any plans you might have to hit your aim!
It would be nice if people felt they could chat about their savings challenges through the months, as it probably will help other people too
2012 thread: https://forums.moneysavingexpert.com/discussion/3547675/the-save-12k-in-2012-thread
2013 thread: https://forums.moneysavingexpert.com/discussion/4315923/the-save-12k-in-2013-thread
2014 thread: https://forums.moneysavingexpert.com/discussion/4844519/the-save-12k-in-2014-thread
2015 thread: https://forums.moneysavingexpert.com/discussion/5122817/the-save-12k-in-2015-thread
2016 thread: https://forums.moneysavingexpert.com/discussion/5369493/the-save-12k-in-2016-thread
2017 thread: https://forums.moneysavingexpert.com/discussion/5568097/the-save-12k-in-2017-thread
2018 thread: https://forums.moneysavingexpert.com/discussion/5755819/the-save-12k-in-2018-thread
2019 thread: https://forums.moneysavingexpert.com/discussion/5936218/the-save-12k-in-2019-thread
RULES:
- This challenge starts on 1st January 2023 00:00 and finishes on 31st December 2023 23:59.
- Everything saved MUST be done between these two dates.
- Any interest gained during this challenge on your savings can be counted!
Feel free to sign up
but, please only sign up if you intend
to go the distance - the thread tends to start off great and then people
disappear 
CLICK HERE for the easy update form:
https://docs.google.com/forms/d/19lx-yDUHnjLkG-JV5xJuTtV_Az6GeEYQ04mJhxTqnvI/
Click here for the accumulation totals (every year of the challenge, added up!):
https://docs.google.com/spreadsheets/d/1h194WFQsBZIhQsI4OFN-2hdSNBO87Wpqh4X3ODEHqLI/edit#gid=817324761
PLEASE NOTE THE LINK TO THE NEW SPREADSHEET WITH THE UPDATED TOTALS IS NOW ON PAGE 30 OF THIS THREAD.

In 2023, the aim is to save £12k (or, any other amount if you like) from 1st January 2023 til 31st December 2023. I know it's early, but it gives you the time to plan for how you are going to do it. Please comment on the thread to sign up and any plans you might have to hit your aim!
It would be nice if people felt they could chat about their savings challenges through the months, as it probably will help other people too

2012 thread: https://forums.moneysavingexpert.com/discussion/3547675/the-save-12k-in-2012-thread
2013 thread: https://forums.moneysavingexpert.com/discussion/4315923/the-save-12k-in-2013-thread
2014 thread: https://forums.moneysavingexpert.com/discussion/4844519/the-save-12k-in-2014-thread
2015 thread: https://forums.moneysavingexpert.com/discussion/5122817/the-save-12k-in-2015-thread
2016 thread: https://forums.moneysavingexpert.com/discussion/5369493/the-save-12k-in-2016-thread
2017 thread: https://forums.moneysavingexpert.com/discussion/5568097/the-save-12k-in-2017-thread
2018 thread: https://forums.moneysavingexpert.com/discussion/5755819/the-save-12k-in-2018-thread
2019 thread: https://forums.moneysavingexpert.com/discussion/5936218/the-save-12k-in-2019-thread
2020 thread: https://forums.moneysavingexpert.com/discussion/6078568/the-save-12k-in-2020-thread/p1
2021 thread: https://forums.moneysavingexpert.com/discussion/6225762/the-save-12k-in-2021-thread/p1
2022 thread: https://forums.moneysavingexpert.com/discussion/6320087/the-save-12k-in-2022-thread/p1
2021 thread: https://forums.moneysavingexpert.com/discussion/6225762/the-save-12k-in-2021-thread/p1
2022 thread: https://forums.moneysavingexpert.com/discussion/6320087/the-save-12k-in-2022-thread/p1
RULES:
- This challenge starts on 1st January 2023 00:00 and finishes on 31st December 2023 23:59.
- Everything saved MUST be done between these two dates.
- Any interest gained during this challenge on your savings can be counted!
Feel free to sign up


CLICK HERE for the easy update form:
https://docs.google.com/forms/d/19lx-yDUHnjLkG-JV5xJuTtV_Az6GeEYQ04mJhxTqnvI/
CLICK HERE to see the total amounts so far:
Click here for the accumulation totals (every year of the challenge, added up!):
https://docs.google.com/spreadsheets/d/1h194WFQsBZIhQsI4OFN-2hdSNBO87Wpqh4X3ODEHqLI/edit#gid=817324761
PLEASE NOTE THE LINK TO THE NEW SPREADSHEET WITH THE UPDATED TOTALS IS NOW ON PAGE 30 OF THIS THREAD.
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
6
Comments
-
£12k for me this year. I genuinely have no idea whether that's manageable or not as I'm planning spends on the house, but we'll see.Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
Current mortgage amount: £233.529.75
Start student loan 2012: £29,750; current student loan: £11.400.50; OP offset fund: £7502 -
Hi Slowlyfading,
Thanks for running this thread again. I would like to join you again.My target for the year is £12,000.This will be made up from salary, dividends and interest.I am hoping to save more by living on what my pension will be ( without state pension) so that I get use to living on this amount and not my full take home pay.2025 Fashion on a ration 0/66 coupons
2025 Frugal challenge3 -
Hello Slowlyfading, so glad you are doing this challenge again in 2023. Can you sign me up with a target of £8000, will see what the New Year brings.It is the job that is never started that takes the longest to finish. Tolkien.Save 12k in 2025 No 18 365 1p challenge 2025 No 22
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Sign me up please! £15,000 target.
@slowlyfading thank you for all your support and efforts running this, it really is fantastic."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%)2 -
Please sign me up again @slowlyfading. I am aiming for £12k again next year. I am hoping that it will be easier than this year as we have a new income stream starting in January and no expensive long haul holiday planned. We changed my DHs car this year but may have to change mine as it is not ULEZ compliant.
I plan on saving and updating monthly after our pensions are paid. Not sure what it will be used for but we are helping one of our daughters with a house move in the early part of 2023 so this will replace the money used for that, my car will need replacing at some point in the next few years and we plan a trip to South Africa/ Zambia in 2024 hopefully.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 forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.2 -
Sign me up again SF for 5K.
Thanks#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 20232 -
Hi, please sign me up again, for £8,000
Really love and appreciate these challengesSave £8,000 in 2023 #10: £49,148/ £8,000 :j2 -
Thanks so much for the new thread @slowlyfading hope you are well. I’m in again for £15k , hopefully my last year of full time work!3
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£15k for me please2
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12k for me please and same number - 74
Thank you for doing this, hope you are well.“Don't raise your voice, improve your argument." - Desmond Tutu
System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
System 2 - 9.2 KWp + Enphase IQ7+ and IQ8AC (Feb 22 & Sep 24) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump2
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