The "Save £12k in 2023" Thread!

edited 8 January at 4:01PM in Savings & investments
122 replies 7.3K views
slowlyfadingslowlyfading Forumite
13.4K Posts
Part of the Furniture 10,000 Posts Name Dropper
edited 8 January at 4:01PM in Savings & investments
So, the title is pretty self explanatory, but this is the place to be in 2023 :D 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:
2013 thread:
2014 thread:
2015 thread:
2016 thread:
2017 thread:
2018 thread:

- 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 :smiley: 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:

CLICK HERE to see the total amounts so far:

Click here for the accumulation totals (every year of the challenge, added up!):

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


  • Merlin's_BeardMerlin's_Beard Forumite
    893 Posts
    Fifth Anniversary 500 Posts Name Dropper
    £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: £238,749.25; OP offset fund: £1000
  • edited 30 December 2022 at 10:33PM
    Gem-gemGem-gem Forumite
    4.3K Posts
    Eighth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
    edited 30 December 2022 at 10:33PM
    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. 
    ⭐️Save 12K in 2023 ⭐️Fashion on a ration 0/66 coupons
  • sonas_babysonas_baby Forumite
    158 Posts
    Part of the Furniture 100 Posts Photogenic
    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 2022 No 15 365 1p challenge 2023 No 3 Virtual Sealed Pot challenge 2023 No 5
  • george4064george4064 Forumite
    2.7K Posts
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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 2021 - #027 £15,268 (76%)
  • enthusiasticsaverenthusiasticsaver Forumite, Ambassador
    13.9K Posts
    Ninth Anniversary 10,000 Posts Name Dropper I've been Money Tipped!
    Please sign me up again @slowlyfadingI 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 [email protected] All views are my own and not the official line of MoneySavingExpert.
    Save £12k in 2023 Challenge #8 £12,000/£5700
    The 365 day 1p Challenge 2023 #1 £670.00/£72.00
    The 365 £1 a day Challenge for Christmas 2023 #43 £1000/£300
  • thewildrabbitthewildrabbit Forumite
    15 Posts
    Fifth Anniversary 10 Posts
    Sign me up again SF for 5K.

    #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
  • imajica37imajica37 Forumite
    158 Posts
    Part of the Furniture 100 Posts Combo Breaker
    Hi, please sign me up again, for £8,000

    Really love and appreciate these challenges 
    Save £7,000 in 2022 #11: £7,723/ £7,000 :j
  • edited 30 December 2022 at 11:49PM
    JellybabyJellybaby Forumite
    694 Posts
    Part of the Furniture 500 Posts Name Dropper
    edited 30 December 2022 at 11:49PM
    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! 
  • ForestBluebellsForestBluebells Forumite
    522 Posts
    Part of the Furniture 100 Posts Name Dropper
    £15k for me please 
  • ispookie666ispookie666 Forumite
    1K Posts
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    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 - 20 x 330W Jinko Panels + Enphase IQ7+ microinverters (Jan 2022) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
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